GBPUSD may be forming a cycle bottom at 1.5326 level on 4-hour chart. Key resistance is at 1.5597, a break above this level will confirm the cycle...
GBPUSD may be forming a cycle bottom at 1.5326
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USD/JPY resistance line eyed at 98.50
USD/JPY has rebounded along with the broad dollar as EUR/JPY losses its risk barometer role. The dollar is moving in more monolithic fashion, making life somewhat easier for the market at the moment. Modest resistance is seen at the 98.50 level from a resistance line drawn off the 98.90 highs from...
Sierra Leone Central Bank Cuts Rate 300bps to 20.00%
The Bank of Sierra Leone cut its monetary policy rate by 300 basis points to 20.00% from 23.00% previously; also changing the Reverse...
Cable opens firmer in Europe
Cable is at 1.6410, up from a North American close Wednesday around 1.6350. The pairing is benefitting from a generally weaker greenback, strong risk appetite, and hope in certain quarters that the UK recession may have ended in March. On the last part, I hope they’re right, but am certainly...
What Could Lift the Dollar?
Hi everyone. I just finished posting an interesting article over at my finance blog. The article is written by Bryan Rich from moneyandmarkets.com and I think you will probably enjoy it. As you can tell by the title the article talks about the US Dollar. Check it out over...
Eur/Usd clears 1.4000 hurdle
Dollar weakness is most pronounced in Eur/Usd at the moment as the market triggers stops above 1.4000. The market is now starting to doubt that early rate hikes are a realistic option for the Fed. So far we’ve managed to hit 1.4030, 1.4070 is the next...