-
GBPUSD Testing Support at 1.5700
30Declining since hitting the 1.5800 resistance barrier in the overnight session, the GBPUSD has recently run into a major support level just below the 1.5700 psychological mark. The 1.5700 figure
-
AUDUSD Testing 1.0350 Double Top Resistance
30Recovering in yesterday’s session by almost 2.3%, the AUDUSD currency pair is beginning to show signs of momentum loss just ahead of the 1.0350 resistance barrier in the 15-minute timeframe.
-
EURUSD, DJIA End Higher On Potential Pact
30Surprising the market in afternoon trade, daily UK newspaper the Guardian reported that Europe’s two largest economies had informally settled on a pact ahead of this weekend’s European Union summit.
-
France Credit Woes Weigh On EURUSD
30Warning of a potential downgrade, Moody’s Investors Services placed France’s triple A credit rating into question following concerns over the potential cost of ensuring an expanded EFSF and lower economic
-
GBPUSD Buyers Eyeing Support at 1.5650
30Falling from the 1.5820 overnight session high, the GBPUSD currency pair seems ripe for a short term turnaround as it approaches the 1.5650 psychological support barrier. Helping matters is the
-
UK Inflation Skyrockets, Puts Pressure On GBPUSD
30The British pound took a hit early on in the session following disturbing news released by the Office for National Statistics in London. According to the statistics office, consumer inflation
-
Will FX Traders Be Surprised By UK Inflation?
30Ahead of the European session open, FX traders are awaiting the release of key economic data for the region scheduled for release. Both German ZEW economic sentiment survey and the
-
EURUSD, AUDUSD Suffer Under Lower Chinese GDP
30In a surprise announcement, Chinese economic expansion rose by less than anticipated for the third quarter. Against economist estimates of a 9.3% rise, gross domestic product in one of the
-
RBA Turns Dovish, Boosts Rate Cut Speculation
30Market sentiment reversed for the AUDUSD currency pair on the heels of the Reserve Bank of Australia meeting minutes release. Countering positive sentiment for the Australian dollar, the minutes from
-
EURUSD Technical Picture Looks Gloomy
30With the market seemingly convinced that a final resolution for the European Union will be a long and drawn out process, traders have begun to dump the currency against the
