The yen traded near a six-week high against the dollar as Asian stocks extended the biggest drop in global equities this month, spurring demand for the Japanese currency as a refuge. The Nikkei 225 Stock Average fell 0.5 percent, completing a fourth-straight weekly loss, the longest since October 2008. The… Read More...
Pound/Dollar made descending movement on Thursday, as expected, reaching a bottom at 1.6607 and closing the day at 1.6664. On the bigger picture on the 3 hour chart quotes are testing the lower limit of the bullish channel at 1.6280, which indicates a key support level. Our short term expectations… Read More...
Price hesitation continues to be seen with EUR holding firmly above its LT rising trendline and its major emas. We maintain that while the pair holds above the mentioned support levels chances are for a return to its YTD high at 1.5062 with an eventual break of there creating scope… Read More...
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