GBPUSD’s downward movement from 1.6301 extends to as low as 1.5630. Further decline would likely be seen next week, and next target would be at 1.5400 area. Resistance is at 1.5750, only break above this level could...
EURUSD breaks below 1.2624 support, suggesting that the downtrend from 1.4939 (May 4, 2011 high) has resumed. Further decline would likely be seen next week, and next target would be at 1.2200 area. Initial resistance is at...
The UK’s GDP decreased in the 1st quarter of 2012.
The USD/JPY pair had a slightly bullish session on Thursday as we had suspected consolidation to be the next move. So far, this is coming true. However, we still feel that the real risks could be to...
The USD/CAD pair rose during the session, but ended up almost unchanged by the end of Thursday. The pair is being moved around by the oil markets, and those commodity markets found a little bit of a...
The GBP/USD pair has fallen again during the Thursday session to test the support level at the 1.5650 level. The level was our “line in the sand” for the bulls, and the fact that we have touched...
Disappointing German data sent the euro to fresh lows against the USD during European trading yesterday. In a sign that even the euro-zone’s biggest economy was not immune from the region’s debt crisis, the German Flash Manufacturing...
The EUR/USD pair attempted to rally on Thursday but failed miserably. The 1.25 level brought out the buyers, but they simply weren’t enough to stop the move lower. At the end of the session, we had a...
The AUD/USD pair rose during the session on Thursday, but failed to make a strong statement. The resulting candle for the session is a shooting star at the bottom of this fall, and this is one of...
The Retail Sales in the UK were significantly worse than expected in April.
