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GBP/USD Neckline Breach Signals Selloff Ahead

posted by Avatar ForexPlaybook 719 days ago in USD, GBP, Technical

The GBP/USD has breached the neckline level of 1.4470 on the intraday head and shoulders pattern reported on earlier today. read more
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Euro falls below US$1.19 as debt fear deepens

posted by Avatar annie 719 days ago in USD, EUR, Trade

The euro fell below US$1.19 in Asian trade yesterday for the first time since March 2006 as fears over European debt spread to Hungary, analysts said. read more
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USD Edge Down After A Brief Turn Higher Vs Euro

posted by Avatar chezka 719 days ago in USD

The dollar turned back down on Monday as investors' attitude toward riskier assets -- including stocks, commodities, and higher-yielding currencies -- remains the dominant theme in currency markets in the near term, maintaining a bias toward a we read more
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Forex reserves dip

posted by Avatar jonell 719 days ago in USD

HONG Kong's official foreign currency reserve assets fell to US$256.2 billion in May, down US$3 billion from April, its monetary authority said yesterday. read more
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GBP/USD: Intraday Head & Shoulders May Prompt Selloff

posted by Avatar ForexPlaybook 719 days ago in USD, GBP, Technical made popular 719 days ago

The British pound is showing early signs of an intraday top against the US dollar, as it approaches a key intraday support at 1.4470. read more
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Blackstone Group Says Buy as Bear Options Set Record

posted by Avatar ForexPlaybook 719 days ago in Fundamental, Oil made popular 719 days ago

Positioning in the options market has turned overwhelmingly bearish, which Byron Wien of Blackstone Group considers a very bullish indicator. read more
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S&P 500: Bears confirmed below 1040!

posted by Avatar grega 719 days ago in USD, EUR, Technical made popular 719 days ago

No doubt, an upward price action from 1040 to 1105 is clearly corrective that was developing the whole past week with a quite slow price action, which suggests that this week we may see a very powerful break down! read more
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Employment Data Helps Loonie Appreciate

posted by Avatar commodityblog 719 days ago in USD, CAD, Fundamental made popular 719 days ago

The Canadian dollar gained today after the report last week showed the better than expected growth of the nation’s employment, increasing the appeal of the currency as the safe haven. read more
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G-20 Meeting Stresses Fiscal Consolidation

posted by Avatar DailyFX 719 days ago in USD, EUR, Fundamental made popular 719 days ago

Over the weekend, G20 Finance Ministers and Central Bank Governors clashed over various solutions regarding the global economic recovery. read more
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Gold Surges Higher; $1,250 High in Focus

posted by Avatar ForexPlaybook 719 days ago in USD, Fundamental, Gold made popular 719 days ago

Gold is surging in trading today, with contracts for August delivery last priced at $1,238.50 per ounce. read more
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GBPUSD: Above 1.4257/26 Keeps Risk To The Upside.

posted by Avatar FXTechstrategy 719 days ago in USD, GBP, Technical made popular 719 days ago

GBPUSD: After a marginal weekly close following a loss of upside momentum at 1.4768, the pair has started the week on a bullish note reversing strongly higher off the 1.4386 level today read more
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Crude Oil Breaches $70 Handle; Recovers Slightly

posted by Avatar ForexPlaybook 719 days ago in USD, Fundamental, Oil made popular 719 days ago

Alongside an ever diminishing appetite for riskier assets, crude oil prices remain under significant pressure in trading today. read more