GBPUSD-The hourly momentum oscillators indicating oversold. Intraday selling might be limited towards 1.5525 or 1.5500.

The cable again rejected at the cap level 1.5700, close below 50Dsma manage to hold the 20DSma. Ahead of the UK’s CPI data the cable trading near the support zone. Moody: UK GDP is expected […]

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The weekly supports finds at 1.1060 and 1.1000, selling accelerates only below 1.1000

The pair extended the fall on a 3rd consecutive day as well, closed below 50Dsma rejected at 100Dema. The impact of Euro: Euro area international trade in goods surplus €26.4 bn. In January to June […]

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August 18, 2015-Ahead of the FOMC minutes, Gold intraday spikes unlikely to sustain.

The brand new week begins in a positive note, as Empire State manufacturing Index plummet. The headline general business conditions index tumbled nineteen points to -14.9, its lowest level since 2009. The world’s largest gold […]

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Technical analysis of USDCAD for August 17, 2015

The pair finally paused the seven consecutive winning weeks, post marginal losses. Ahead of the FOMC meeting minutes the USDX marginally trading higher. Morgan Stanley: After the devaluation suffered sell-off in commodities may be over. […]

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