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How Has the Last 30 Days Been for the British Pound Sterling?

The GBP has been one of the most talked about currencies fairly consistently for over a year now. Ever since the referendum that set Britain on a course towards Brexit in July last year, the pound has been one of Read More →

USD/JPY: Sits In Bullish Cloud, Stuck In Triangle; Levels To Watch – BofAML

Bank of America Merrill Lynch Technical FX Strategy Research notes that USD/JPY has fallen into the bullish portion of the Ichimoku cloud, and is also coiling between converging trend lines.

"We believe a breakdown below the coil and cloud Read More →

Safehaven currencies and Gold gain clout as North Korea anounces that Guam may be its next Target

Asia is mostly pointing lower, with performances for most of the major equity index showing losses for the day. Much of the failing sentiment may be attributed to rising geo-political tensions as North Korea defies US warnings, and just a Read More →

EURUSD – Euro Facing Hurdles On Upside Vs US Dollar

Key Points

  • The Euro has started a recovery after declining towards the 1.1730 level against the US Dollar.
  • There are two bearish trend lines forming with resistance at 1.1840 on the hourly chart of EURUSD.
  • Today in the Euro Zone, Read More →