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GBPUSD Weekly – What Will The Bank of England Do?
30There’s a good amount of data that is scheduled to come out next week for the UK. But, none more important than the Bank of England’s decision, which is set
Is EURUSD Set to Test Key 1.3500 Resistance?
30Probably not. Failing to break resistance barriers at 1.3661, yesterday, the EURUSD has declined by almost 1.5% to trade at 1.3465 in the New York morning. What is compelling about
What’s Happening With Currencies – September 30, 2011
30The dollar index continues to remain above 78 – currently trading at 78.33 – indicative of a strong US dollar trend in the market right now. Momentum has pushed the
NZDUSD Falls On Fitch Downgrade
30Surprising the currency markets, Fitch Ratings Agency downgraded New Zealand’s credit rating from AA+ to AA. Although many in the market didn’t see this one coming, it’s been in the
What’s Happening With Currencies – September 29, 2011
30Major currencies against the US dollar are higher on the day ahead of key votes in Germany. The German government votes on an expansion of power and funding for the
GBPCHF Slides Before 1.4100 Resistance
30Since skyrocketing higher on news of the Swiss franc peg back in the beginning of the month, the GBPCHF currency pair has been restricted to a relative 100 pip range.
Why CAD Is Still A Good Trade
30With most industrialized economies in the dumps, it’s difficult to find a major currency that still has good potential as we head into the end of the year. The US
What’s Happening With Currencies – September 28, 2011
30US dollar gains are back. Major currencies are taking a hit early in the New York morning, keeping currencies like the Euro and British pound lower after rocketing higher in
Currency Traders Eye GBPJPY Resistance At 121.00
30Rising by almost 3% since the Friday close and low of 116.86, the British pound has skyrocketed against the Japanese yen, currently trading at 120.21. Although this could be the
More EURGBP Declines Ahead of 0.8700 Resistance
30After failing to overcome the 0.8800 resistance level last week, the EURGBP currency cross has declined to trade below the 0.8700 psychological barrier. Now in consolidation mode, and trading just
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