Risk asset benchmarks consolidate near recent highs as the optimism released by improving manufacturing data reverberates across global markets
Stocks at 6 month high as growth fears ease
Source: www.ft.com
Read more...
GBPUSD’s downtrend extends to 1.5350
GBPUSD’s downtrend extends to as low as 1.5350 level. Further fall is still possible next week and next target would be at...
EUR/JPY still under pressure
Not much respite so far for the cross, currently down at 136.15. Dealers tell me that there are lots of stops on the 135 handle, particularly under 135.20, if the fall continues. USD/JPY bids are reported at 97.25/50 but that’s a ways off...
The EUR/USD Still Trades In A range
With the recent volatility in the forex market, one currency pair seems to stand out: the EUR/USD. This pair has been range-trading for the previous week as the two currencies struggle for dominance of the currency market. With this weekend’s G8 summit on the global financial system, traders...
Central Bank of Russia Cuts Rate 25bps to 8.00%
The Central Bank of Russia dropped its benchmark refinancing rate by 25 basis points to 8.00%. The Bank said: “The...
GBPUSD traded in a range between 1.5561 and 1.5779
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...