The Greenback depreciated for the second week amidst possible credit default by the US; there is a possibility that the credit rating of the world’s largest economy may be degraded from current AAA+ rating. It seems the...
The upside move has been gathering pace over the past 2 days. Thanks to a better than expected CPI, we have seen the pair breaking through its record high at 1,10 during the asian session.
The pair remains under pressure as it evolves in a clear bearish trend. However, the market seems to consolidate on top of 0,94. A break below this level though would accelerate decline.
The pair has been consolidating yesterday as the market is testing the psychological 0,80 level.
The pair remains under pressure while trying to establish below 78,00. Next target is given by March low at 76,30.
The GPB/USD has confirmed its bullish momentum yesterday with an acceleration above 1,6350 (last week high). We now expect a continuation towards 1,66 (weekly bollinger band).
The pair continues to push higher while breaking above its significant daily descending trendline. A confirmation of the breakout would expose 1,46 and then 1,47 (weekly bollinger band).
Market Review – 26/07/2011 22:03 GMT Dollar weakens broadly on debt limit deadlock The greenback fell against all major currencies on Tuesday as U.S. lawmakers still could not reach a compromise on raising the U.S. debt limit...
Credit rating of Greece reduced by the Moody’s agency.
ForexPros Daily Analysis July 26, 2011 AUD/NZD Waiting For a Catalyst Commodity currencies have been among the best performing Forex instruments of past few months, especially the New Zealand Dollar, which continues to get stronger seemingly every...
