Search Results for: traders
GBP/USD Daily Chart
May 23rd, 2014
Pair’s Outlook Though GBP/USD failed to climb over the weekly R1 yesterday, there are still good chances that the 2009 highs will be soon re-tested. However, for the near-term outlook to stay bullish as it is now, the key ...
EUR/USD Daily Chart
May 23rd, 2014
Pair’s Outlook The currency pair is moving further away from the resistances. Right now it is testing the weekly S1 at 1.3642, but is expected to decline even deeper, despite the majority of the monthly studies being bullish. The ...
GBP/USD targets 1.70
May 22nd, 2014
Pair’s Outlook The Pound preserves the upward momentum and it seems to be well-positioned to launch an attack on the 2009 highs once the weekly R1 is out of the way. And while the weekly and monthly technical studies ...
German regulator BaFin finds currency manipulation evidence
May 21st, 2014
BaFin, the German regulator, said it had found concrete evidence that traders attempted to manipulate the global currency market, making it the first financial watchdog to confirm that suspicions of wrongdoing have clear grounds. Raimund Röseler, the head of ...
GBP/USD extends recovery from up-trend support
May 21st, 2014
Pair’s Outlook As it turned out, GBP/USD did not have to undergo a deep bearish correction in order to climb over the weekly PP. Now the currency pair is free to move even higher. The immediate resistance is represented ...
EUR/USD sandwiches between monthly S1 and 200-day SMA
May 21st, 2014
Pair’s Outlook The currency pair remains completely motionless, even though the daily and especially monthly technical indicators imply elevated volatility in the exchange rate. For EUR/USD to return to being active it has to breach either the monthly S1 ...
The Greek Bond Dump
May 20th, 2014
Here’s a chart showing Greece’s 10-year bond yield during the past 10 days: Here’s what happened. On Thursday, speculation swept the markets that the government was about to levy a retroactive tax on profits made on trading Greek government ...
USD/JPY bounced off 101.23/00
May 20th, 2014
Pair’s Outlook While the 200-day SMA has already been breached, which is generally reckoned to be a bearish sign, some of the strongest demand areas remain intact. Consequently, unless a cluster of supports at 101.23/00 is broken, there will ...
GBP/USD may dip to monthly PP
May 20th, 2014
Pair’s Outlook The Cable is currently experiencing difficulties overcoming the weekly pivot point, which did not let the Pound to appreciate further. Accordingly, the nearest future could be associated with a sell-off that should be limited by a strong ...
EUR/USD is likely to breach 200-day SMA
May 20th, 2014
Pair’s Outlook EUR/USD is still lacking momentum. From the upside the currency pair’s movements are restricted by the monthly S1, but there are also additional resistances represented by the 100-day SMA and up-trend line at 1.3760 and by the ...
