Search Results for: currency market
Technical Analysis EUR/USD targets 1.33
August 5th, 2014
Technical Analysis EUR/USD for August 5, 2014 Pair’s Outlook Trading was quiet yesterday, as the weekly pivot point kept EUR/USD afloat. But the currency pair is likely to breach the support at 1.3413 and head towards the 2013 Q4 ...
Technical Analysis GBP/USD undergoes correction
August 5th, 2014
Technical Analysis GBP/USD for August 05, 2014 Pair’s Outlook After an almost non-stop descent from 1.72 GBP/USD has finally formed a noticeable green candle. If the Sterling continues developing this correction, the immediate obstacle at 1.6879 will be unlikely ...
Asia stocks steady after Wall Street rally, dollar off peaks
August 5th, 2014
Asian stocks slipped on Tuesday after a survey showed China’s services sector growth fell to a record low, souring the positive mood from upbeat U.S. earnings and relief over Portugal’s rescue of its largest bank. Spreadbetters saw Europe faring ...
Earnings growth in Europe – first time in 3 years
August 4th, 2014
European companies are delivering growth for the first time in three years albeit concerns over Russia which held back markets at the end of last week. Equity strategists at Morgan Stanley and Credit Suisse are somewhat upbeat pointing out ...
Technical Analysis USD/JPY to rebound from 200-day SMA
August 4th, 2014
Technical Analysis USD/JPY for August 04, 2014 Pair’s Outlook USD/JPY took a severe blow from the resistance around 103 at the end of the last week, but the Buck should be underpinned by the demand at 102.49/46 (weekly PP ...
Pound Has Longest Losing Streak in 16 Months as Data Disappoints
August 4th, 2014
The pound declined for a fourth week against the dollar, the longest losing streak in more than a year, as U.K. economic data from manufacturing output to consumer confidence was weaker than economists predicted. Sterling dropped to the lowest ...
Euro Near Eight-Month Low as Short Bets Surge
August 4th, 2014
The euro was 0.4 percent from its lowest level versus the dollar since November as investors held the largest position in two years betting on a drop in the currency before the region’s central bank meets this week. Europe’s ...
Will Europe start to lend again?
August 4th, 2014
The European Central Bank will take over supervising banks in Helsinki and Lisbon in November after finding out unprecedented scrutiny to their books. The reason for doing so is to restore confidence in the euro zone’s banks, battered by ...
Technical Analysis EUR/USD to stay beneath 1.35
August 4th, 2014
Technical Analysis EUR/USD for August 4, 2014 Pair’s Outlook Although the U.S. Dollar weakened because of the Friday’s data, none of the significant resistances have been broken, meaning the downward trend is likely persist nonetheless. Moreover, most of the ...
Technical Analysis EUR/USD eyes 1.33
August 1st, 2014
Technical Analysis EUR/USD for August 01, 2014 Pair’s Outlook EUR/USD continues to grind lower, and it does not seem we are going to observe a pronounced bullish correction before the pair reaches the 2013 Q4 low at 1.33. Then ...
