GBP/USD indeed climbed to reach the bridge but couldn’t cross it through the offers. GBP/USD was on path to move through the gap on the hourly charts but failed at resistance with bears in the NY session denying it at 1.5435. At the time of writing, the pair are offered and oscillating around the figure. […]
FXstreet.com (New York) – Commodity prices have been roiled again and unable to mount a recovery as Fed and Chinese concerns continue to prevent any type of stability Monday. Gold settles below 1300 level Gold recently bounced strongly within US session, to retest the 1290.00 intraday resistance level/first target, and activated a bearish scenario that […]
FXstreet.com (New York) – The AUD/USD foreign exchange rate has once again rapidly ascended during US trading, having rallied off the 0.9230 level in recent minutes.
According to Lee McDarby, Corporate Treasury at Investec, “In an encouraging move for UK importers the Bank of England and its Chinese counterpart have signed a deal likely to boost trade between the UK and China in the Yuan.”.
Global equity markets plummeted this week after US Federal Reserve chairman Ben Bernanke announced the US economy was recovering enough for it to begin tapering off its stimulus program of quantitative easing before the end of the year.
This revival of risk-appetite based correlations suggests a current of eroding sentiment. Yet, does this broad volatility have the necessary elements to send EURUSD back