Search Results for: currency market
Technical Analysis GBP/USD receives support from 200-day SMA
August 13th, 2014
Technical Analysis GBP/USD for August 13, 2014 Pair’s Outlook After the Cable approached the 200-day SMA, the currency pair received a strong impetus and covered a portion of the losses made last Friday. Right now the Sterling is facing ...
Asian shares sluggish, Ukraine anxiety fans growth worries
August 13th, 2014
Asian shares were tentative on Wednesday, and copper prices slipped to six-week lows on worries about global growth, as investors remained cautious as the crisis in Ukraine threatened a fragile economic recovery in Europe. Adding to the fragile mood, ...
Technical Analysis USD/JPY’s recovery remains brittle
August 13th, 2014
Technical Analysis USD/JPY for August 13, 2014 Pair’s Outlook Although the U.S. Dollar is not as lively as expected after diving to 101.53, the currency is nevertheless grinding higher. Still, there is a number of resistances that must be ...
Modi at the helm, and the rupee falls
August 12th, 2014
The Indian rupee has plunged almost 5% against the greenback since pro-business Prime Minister Narendra Modi swept to power in May – so what’s behind the currency’s fall and where is it headed next? Foreign exchange strategists point to ...
Yen Weakens From 3-Week High on Reduced Haven Demand
August 12th, 2014
The yen weakened for a second day against the dollar as easing tensions in Ukraine reduced demand for the currency as a haven. The euro fell toward the lowest since November versus the greenback before data this week that ...
Technical Analysis USD/CHF charges at 0.91
August 12th, 2014
Technical Analysis USD/CHF for August 12, 2014 Pair’s Outlook The currency pair is presently recovering, but it has to gain a foothold above 0.91 to confirm its bullish intentions. However, even if it does, there will still be the ...
Technical Analysis USD/JPY challenges monthly PP
August 12th, 2014
Technical Analysis USD/JPY for August 12, 2014 Pair’s Outlook USD/JPY started this week on a strong footing, as it rebounded from the key support last week. Now the currency pair has to surpass the monthly PP and 200-day SMA ...
Pound Bulls Face Day of Reckoning as BOE Inflation Report Looms
August 12th, 2014
This week’s economic forecasts from the Bank of England are shaping up to be decisive for the remaining sterling bulls. The pound strengthened against the euro today as investors prepared for clues from projections due in the central bank’s ...
Canada Dollar Drops as Yields Hit Lowest in Year on Jobs
August 11th, 2014
Canada’s dollar declined to almost a three-month low and 10-year bond yields sank to the least in a year as the nation’s employers added fewer jobs in July than forecast, increasing concern the economy is faltering. Canada’s dollar weakened ...
Technical Analysis GBP/USD tests monthly S1
August 11th, 2014
Technical Analysis GBP/USD for August 11, 2014 Pair’s Outlook GBP/USD has just hit the monthly S1, and if the bears keep forcing the pair to go lower, there are also the 200-day SMA and May low that are ready ...
