GBPUSD: The pair may be hesitating after declining through the 1.5127/25 levels and testing a low of 1.4473 the past week but still retains a bearish bias while trading below the 1.5127/25 levels. With this development, we expect GBP to head back below  the 1.4796/82 levels and retarget its May 07’10 low at 1.4473. A [...]

GBPUSD: Having closed higher for the week after recovering from a low of 1.5190 level, risk of a retarget of its April 15’10 high at 1.5521 is now probable. While GBPUSD holds above  its April 19’10 low at 1.5190 and its April 06’10 low at 1.5127, our upside view remains valid. With that said, a [...]

CURRENCY TRADING SUMMARY -20th January (00:30GMT) U.S. Dollar Trading (USD) was able to gain against most pairs as the biggest currency pair the EUR/USD swooned and the USD/JPY garnered support from lows. Stocks markets were very strong and this led risk currencies such as the AUD and commodities to perform well. DJIA +115 points closing [...]

CURRENCY TRADING SUMMARY -19th January (00:30GMT) U.S. Dollar Trading (USD) weakened gently in quiet markets as US Bank Holiday kept trading thin. Stock markets came off lows in Asia and rallied in Europe to help risk appetite improve. Attention this week will be on Q4 Chinese GDP and US Corporate earnings. Looking ahead, November TIC [...]

FX Highlights Equity markets managed to end positively in Europe recouping some losses following Friday’s close. Fixed income and stock markets are closed in the US due to a public holiday, lending to thinner volumes on the FX side. The GBPUSD rallied strong in the US session but has since sold off roughly 50pips after [...]