Friday, February 12, 2016
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GBP/USD struggles to extend gains beyond 1.4520

The GBP/USD pair finally broke higher from the Asian consolidation box and now tries another attempt to advance through 1.4530 region, daily highs.GBP/USD back below 10-DMAThe GBP/USD pair trades 0.19% higher at 1.4505, having failed once again near 1.4520 arena. The cable caught fresh bid tone over the last hours, extending the upside beyond 1.45 […]

February 12 2016 | Posted in Forex | Read More »

EUR/USD sinks to lows near 1.1270

The shared currency is now losing altitude vs. the dollar, with EUR/USD now posting fresh daily lows near 1.1270. EUR/USD lower post-European openA positive open of the European equity markets today has added further selling pressure to the shared currency, forcing spot to give away further ground and to print new daily lows in the […]

February 12 2016 | Posted in Forex | Read More »

GBP/USD: corrective upside ended at 1.4665? – Commerzbank

In opinion of Karen Jones, Head of FICC Technical Analysis at Commerzbank, the recent peak at 1.4665 could be the end of the corrective upside. Key Quotes “GBP/USD no change – we look for further weakness”. “We are viewing last weeks high of 1.4665 as the end of the correction higher. The market will have […]

February 12 2016 | Posted in Forex | Read More »

USD/JPY pops as European equities rally

The offered tone around JPY gathered pace, pushing the USD/JPY pair to 112.80 as the stock markets across Europe advanced on last trading day of the week. Relief rally ahead of weekend As of now, the uptick in the European stocks and USD/JPY appear largely chart driven. The bears may be unwinding shorts ahead of […]

February 12 2016 | Posted in Forex | Read More »

EUR/USD drops below 1.13 as European stocks rise in early trading

The EUR/USD pair dropped below 1.13 handle as the carry unwind stalled following an uptick in the European stocks. Hourly 50-MA is now a resistance The hourly 50-MA, which acted as a strong support earlier today has been taken out following the European opening bell. The Euro Stoxx 50 index currently trades 1% higher. Therefore, […]

February 12 2016 | Posted in Forex | Read More »