GBPUSD traded in a range between 1.5561 and 1.5779 for several days. One more fall to test 1.5423 support is still possible, a breakdown below this...
GBPUSD traded in a range between 1.5561 and 1.5779
Source: feedproxy.google.com
Read more...
Bearish momentum gaining in JPY crosses
What had started out as a very quiet day has turned into a bit of a rout on the JPY crosses. EUR/JPY is trading on its lows at 135.70 and dealers report lots of longs liquidating their positions. It seems there is no major news out to drive this but many see the IMF statement on Euro-zone banks as...
Earnings Roundup: F, PG
Ford Motor Company (F) reported a profit of $13.62 billion, or $3.40 per share in the fourth quarter, representing the eleventh straight quarter...
Just what the euro needs…
An Icelandic central bankers says that Iceland will join the euro zone in the near future. Just what the euro needs, another insolvent country with a financial sector that has suffered an epic implosion. Iceland would have to go through a draw-out process well before it could join the euro zone, I...
UK house prices fall at lowest rate in 18 months
The RICS house price balance was -44 in May from -59 in April. Sterling usually does not react to this data during Asian time but may do so in early...
Czech National Bank Holds Interest Rate at 0.75%
The Ceska Narodni Banka held the two-week repurchase rate at 0.75% as expected, and kept the discount rate unchanged at 0.25% and...