GBPUSD’s downward movement from 1.6164 extended to as low as 1.5423. Further fall to test 1.5272 key support could be seen next week, a breakdown below this level will signal resumption of downtrend from 1.6745, then the...
EURUSD is facing 1.3146 support, as long as this level holds, we’d expect uptrend to resume, and one more rise towards 1.5000 is still possible. On the other side, a breakdown below 1.3146 key support will indicate...
Yesterday’s data from the Germany was on the positive side but disappointing PMIs from Europe point to a recession in the euro zone.
Fears of the world economy sliding down into a recession supported the dollar.
Greetings. Let’s take a look at the USD/CHF pair. For a long time we were seeing a shard drop of the USD/CHF and we’ve seen a nice retracement back up in the past couple of months. It...
The IMF Board approved two new credit packages to limit and fight the spreading of the debt crisis.
As investors reduce their exposure to higher yielding currencies the USD has become the overwhelming favorite.
AUD/USD fell hard on Monday as traders continued to sell of the risk trade. The Aussie will always be sensitive to sentiment, and sentiment is poor at best lately. With this in mind, we sell rallies, and...
The EUR/USD pair fell during the session on Monday again, only to bounce again. The 1.35 area seems to be attracting massive buying and the pair simply will not stay under the 1.35 level for long. Because...
GBP/USD fell precipitously on Monday, just as expected. The Bank of England should be talking about more quantitative easing later this week, and as a result the cable pair has fallen.
