By Fast Brokers - The Cable continues its brisk climb, forming a v-shaped recovery from last week’s pullback. The currency pair is [...]
GBP/USD Rises to the Challenge of our 3rd Tier Downtrend Line
Source: feedproxy.google.com
Read more...
GBPUSD rebounded from 1.5341
Being contained by 1.5327 support, GBPUSD rebounded from 1.5341, suggesting that a cycle bottom is being formed on 4-hour chart. Further rally...
Asian forex market wrap
Japanese current account surplus for April -53.4% YoY against expected -39% Centre-right parties the big winners in European parliament elections Top Chinese banker calls for US help in the development of Yuan debt markets Sterling loses ground on the crosses after a very poor showing by...
GBPUSD’s bounce extends to 1.4885
GBPUSD’s bounce from 1.4230 extends further to as high as 1.4885. Now the pair is facing the upper boundary of the rising price...
EUR/JPY technicals
Modest uptrend still in play here on the hourly charts but the excessive volatility from last Friday between 136.30 and 139.20 may be signalling th the quiet times are over and we are in for more high volatility. Risk/reward would seem to favour buying dips with a stop below...
Dollar continues across-the-board slide
Risk-loving investors have turned oil prices and equities higher, putting the reflation trade back on track. The combination of an improving US (and global) economy is helping lift spirits but not the dollar. US debt levels will balloon in the near-term no matter what the economy does and will...