Search Results for: currency market
GBP/USD attempts to surpass Fed high
April 17th, 2014
Pair’s Outlook After an eventless beginning of the week GBP/USD soared 100 pips and it is already testing a cluster of resistances around the recent Feb high. Should the bulls gain an upper hand, the rally will be expected ...
EUR/USD set to decline to 1.37
April 16th, 2014
Pair’s Outlook At the moment EUR/USD is testing the support at 1.3816/15 represented by the monthly and weekly pivot points. If this level is breached, the next significant concentration of demand is expected to be at 1.3787—20 and 55-day ...
EUR/USD probes monthly PP
April 15th, 2014
Pair’s Outlook EUR/USD did not manage to close a downside gap yesterday, instead at the moment it gravitates towards the monthly pivot point at 1.3815. Additional support is at 1.3789/83, created by the 20 and 55-day SMA. But the ...
Stocks Drop With Ruble as Ukraine Tension Spurs Gold
April 14th, 2014
Global stocks dropped a third day, the ruble tumbled and oil and gold advanced as the U.S. and Russia traded barbs in the United Nations Security Council amid worsening violence in Ukraine. The euro dropped on prospects for more ...
USD/JPY struggles to rally
April 14th, 2014
Pair’s Outlook In order for USD/JPY to preserve a bullish bias, it is required to rebound from 101.27/19, the key support area that consists of the rising trend-line, 200-day SMA and 50% retracement of the November-December up-move. However, for ...
GBP/USD finds support at 1.67
April 14th, 2014
Pair’s Outlook Although GBP/USD received a strong bearish impetus after a test of the February’s high, today the currency pair is not keen on declining, as it seems to have found support at 1.6704 (weekly PP). Nevertheless, the downside ...
EUR/USD starts weak with bearish gap
April 14th, 2014
Pair’s Outlook Friday’s price action and a large downside gap confirmed an assumption that there is a formidable resistance area between 1.39 and 1.395. Accordingly, while there could be a rally today in order to cover the distance between ...
Putin Could Stop Selling Gas to Ukraine. Here’s Why He Won’t
April 14th, 2014
For a time this week, Vladimir Putin looked ready to turn off the gas. In an April 10 letter to 18 European heads of state, he warned that Russia could “completely or partially cease gas deliveries” to Ukraine, in ...
USD/JPY pobes key support
April 11th, 2014
Pair’s Outlook The monthly S1 level, which had the potential to stop the sell-off from 104, was breached. This left the key demand area at 101.36/19 exposed. However, being that this zone is fairly dense (it consists of the ...
GBP/USD retreats from Feb high
April 11th, 2014
Pair’s Outlook As suspected, an initial test of the resistance at 1.6822/1.6786 turned out to be unsuccessful. Considering the strength of the supply area, this may result in a dip back to the up-trend support line at 1.6541/27, where ...
