GBPUSD traded in a range between 1.5962 and 1.6343

Source: feedproxy.google.com

GBPUSD traded in a range between 1.5962 and 1.6343 for several weeks. The price action in the range is treated as consolidation of uptrend from...


Read more...

  • US Bond markets very jittery ahead of NFP’s

    The sell-off in 10 year US Treasury futures is intensifying pushing yield up above 3.75 and to their highest level since November of last year. The ongoing deficit worries continue to loom large over the bond markets. This has helped Usd/Jpy fill all the selling interest at 96.85/90 and move on to...

  • WORLD FOREX: Euro Falls On Report Of German Credit Woes

    By Takashi Mochizuki Of DOW JONES NEWSWIRES TOKYO (Dow Jones)--A reported worsening in credit conditions for large German companies weighed on the euro ... See all stories on this...

  • Banco Central de Chile Holds Rate at 5.00%

    The Banco Central de Chile kept its monetary policy interest rate unchanged at 5.00%.  The Bank noted: “Domestically,...

  • U.S. Dollar’s Days are Numbered as Reserve Currency

    By Jessica Mead City A.M. Thursday, September 24, 2009 Over the next two days, world leaders gathered at the G20 summit in Pittsburgh will attempt to address the issue of the persistent global imbalances that have been cited as a long-term cause of the recent economic downturn. Integral to this...

  • GBPUSD rebounded from 1.5503

    Being supported by the lower border of the price channel on 4-hour chart, GBPUSD rebounded from 1.5503, suggesting that a cycle bottom is...