The pair remains very well bid after a consolidation period in the beginning of the week.
The pair continues to trade flat above its historical low at 76,30 but remains under pressure.
The pair evolves in a multi-day rising channel which confirms its relative strengh over the short term.
After a clear break above its long term descending trendline, the pair has been pulling back on this former resistance and is now trading near the 1,44 level.
The US Dollar Index traded flat after it nears important support of 73.40 ranges, most of the asset classes are trading stable after witnessing unprecedented volatility during past couple of weeks especially the equity bourses across the...
Greetings. Let’s pull up the GBP/USD. We saw the GBP/USD make a strong comeback in the past couple of weeks and it seems like there still be more potential room for upward movement.
Market Review – 16/08/2011 22:04 GMT Euro pares its gain on disappointing French-German proposal The single currency retreated on Tuesday as German Chancellor Angela Merkel and French President Nicolas Sarkozy said in a press conference that they...
Euro speculations amid upcoming meeting of Sarkozy and Merkel.
Market review for 8 – 12, 2011
Traders will witness the release of moderately significant reports on inflation at the consumer and retail level in the UK today at 9:30 GMT. Should the figures reveal stagnation in inflationary growth, we could see heftier flights...