Search Results for: traders
USD/JPY stops ahead of 100-day SMA
May 14th, 2014
Pair’s Outlook USD/JPY is struggling to pass through the formidable resistance at 102.38/16, which is required for a bullish outlook to be confirmed. However, the task is a difficult one, being that this supply zone consists of the major ...
GBP/USD remains bearish
May 14th, 2014
Pair’s Outlook As the Cable failed to rise above the weekly PP yesterday, it extended the decline from 1.70, closing in the end near the weekly S1 and monthly PP. If this area does not provide enough support, then ...
EUR/USD breaks out of rising wedge
May 14th, 2014
Pair’s Outlook Despite the toughness of the support at 1.3754/25 (it was formed by the 100-day SMA, long-term up-trend and monthly S1) and the majority of the monthly indicators being bullish, EUR/USD preserved a downward momentum and breached the ...
Ex-Barclays chief to be quizzed by fraud office over alleged bribes
May 13th, 2014
Former Barclays boss Bob Diamond is to be grilled by the Serious Fraud Office over alleged bribes paid by the bank to Middle East investors during the financial crisis. The tainted former chief executive is among a dozen former ...
USD/JPY probes 102.40/19
May 13th, 2014
Pair’s Outlook USD/JPY is currently trying to restore its bullish outlook by gaining a foothold above 102.40/19, which consists of the long-term up-trend and 55 and 100-day SMAs. If this is the case, the U.S. Dollar will be set ...
EUR/USD stalls near 100-day SMA
May 13th, 2014
Pair’s Outlook EUR/USD remains completely motionless after hitting the support at 1.3753/25. Given that this demand area is formed by the 100-day SMA, monthly S1 and the major up-trend, the currency pair is unlikely to move lower in the ...
USD/CHF overcomes key resistance
May 12th, 2014
Pair’s Outlook USD/CHF has just broken out of the falling wedge pattern, meaning the outlook on the currency pair is now strongly bullish, even though the weekly and monthly indicators are giving ‘sell’ signals. Nevertheless, we should not forget ...
Oil prices rose amid Ukraine tensions
May 12th, 2014
Oil rose above $100 per barrel on Monday amid renewed tensions over Ukraine. Benchmark U.S. crude for June delivery was up 13 cents to $100.12 a barrel at 0650 GMT in electronic trading on the New York Mercantile Exchange. ...
USD/JPY recovers from 200-day SMA
May 12th, 2014
Pair’s Outlook Unless USD/JPY manages to gain a foothold above the major rising trend-line (in force since the beginning of 2013) that it has recently breached, the pair will be seen as bearish in the long term. However, for ...
GBP/USD set to decline
May 12th, 2014
Pair’s Outlook The Cable remains bearish after hitting the 2009 highs. For now it is supported by the 20-day SMA, but there’s a high probability of an extended sell-off. GBP/USD is likely to fall down to 1.6795/76, but it ...
