Sterling under more pressure

Ongoing speculation that profits earned overseas by Japanese companies is finding its way home before the fiscal year-end is lifting the yen on Tuesday.
At the same time Asian stocks are commemorating the one-year anniversary of the lowest closing point of the bear market for stocks with a down day, also providing a knee-jerk bid to [...]

Forex: The Risk Today

The Risk Today:

EurUsd It’s now been nearly three weeks that we have been locked in this well-trodden range for EURUSD, and yesterday morning’s re-test of the old 1.3700 resistance failed once more as bulls capitulated under comments from Greece’s Papandreou. However before we simply regurgitate the same old anticipated levels of supply and demand yet [...]

GBP/USD Slumps on Concerns

The Pound fell below the $1.50 level for the first time in a week on the back of weak economic data and as credit rating firms warned on UK’s sovereign rating.
UK’s house price balance came in lower than analysts estimates, at 17% from 34% expected and a previous 31%. The nation’s trade balance reported a [...]

GBP/USD Regains 1.5000

From current levels, 1.5056, the pair finds initial resistance at 1.5089, followed by 1.5133, and 1.5181.

GBP/USD Key Resistance at 1.5181

From current levels, 1.4964, the pair finds initial resistance at 1.4994, followed by 1.5089, and 1.5181.

GBP/USD Plummets to 10 Month Low – Update

From current levels, 1.4885, the pair finds initial resistance at 1.937, followed by 1.4984, and 1.5031.

GBP/USD resistance seen at 1.5461

From current levels, 1.5310, the pair finds initial resistance at 1.5350, followed by 1.5399, and 1.5477.

GBP/USD mixed above 1.5740

From current levels, 1.5760, the pair finds initial resistance at 1.5810, followed by 1.5866/88, and 1.5997.

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