By Yan Petters – The GBP/JPY pair saw a sharp bullish movement during the past couple of weeks. Over this time period the pair gained over 700...
Flag Pattern Indicates GBP/JPY Might Rise Further
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China’s Economy: Soft Landing, Hard Landing or Crash Landing?
By MoneyMorning.com.au There’s no escaping the Eurozone crisis. It even managed to keep China away from the headlines. However, in recent...
UK retail sales in May -0.8%, YoY
This comes on the back of a very strong retail sales number last month but when one delves a little deeper into the figures, one sees a very weak April 2008 figure which made April 2009 look good and similarly a strong May 2008 result has dropped off and this makes May 2009 look bad. Lies, damn...
Central Bank of Nigeria Keeps Policy Rate on Hold at 12%
The Central Bank of Nigeria maintained its monetary policy interest rate at 12.00%. The Bank also held the cash reserve ratio...
WORLD FOREX: Dollar Finds Favor On Caution
"The short dollar trade has become a bit crowded," said Brian Dolan, chief currency strategist at Forex.com. "The real money mangers are buying back dollars ... See all stories on this...
GBPUSD rebounded from 1.6208
GBPUSD rebounded from 1.6208, suggesting that a cycle bottom has been formed on 4-hour chart. Range trading between 1.6208 and 1.6460 is expected...