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AUD/USD, attacking highs above 1.0300

2011-03-30 05:37:28 Finding support at 1.0200 level intraday low, Australian dollar quickly recovered the upside as market sentiment improved, with price now back nearing 1.0320 area, multi-decade high set past Monday.Technically, “Above 20 SMA both in 1 and 4 hours chart yet with momentum indicators sill unable to pick up, pair needs to overcome mentioned 1.0320 level to extend gains towards fresh highs. Expect deeps to be understood as buying opportunities in...

GBP/USD, back below 1.6000

2011-03-29 12:03:31 Pound recovery from yesterday's low at 1.5935 has been unable to extend above 1.6040/45 resistance area, tested twice in the last 24 hours and the pair has pulled lower, breaking 1.6000 level to revisit day low at 1.5975.Below 1.5975 (day low), the pair could dip to 1.5935 (Mar 28 low) and 1.5820/30 (Jan 30/31 lows). On the upside, resistance level lies at support 1.6040/45 (Mar 28 high/day high) above here 1.6060...

GBP/USD, capped below 1.6045 resistance

2011-03-29 11:09:12 Pound retreat from 1.6400 high last week found support yesterday at 1.5935 and the pair picked up to regain 1.6000 level although unable, so far, to extend above 1.6140/45 resistance area, the pair has been trading sideways during London session.On the upside, immediate resistance is lying at the mentioned 1.6040/45 (Mar 28 high/day high), above here, 1.6060 (Mar 18 low/intra-day support), and 1.6100 (intra-day...

UK Total Business investment unchanged in the Q4; rises 12.2% YoY

2011-03-29 10:01:31 The total business investment in the United Kingdom has remained unchanged in the Q4 despite preliminary informed that said a decline of 2-5% in this item. Year over year the Total business investment has risen 12.2% in the Q4 2010 regarding Q4 2009.Despite the provisional Business investment estimate of a 2.5% decline, the total amount of business investment remained at £30.2 billion during the Q4 2010, the same number of...

GBP/USD oversold, should bounce up over next days

2011-03-29 07:28:34 Pound’s retreat from 1.6400 high last week extended yesterday to find support at 1.5935, fresh 2-month lows, reaching oversold levels, which according to a senior technical analyst, increases the odds for a near-term upside reversal.With the pair at oversold levels, analyst expects a corrective rebound, probably to 1.6150/1.6175n area: "We are oversold on the short term 60 min charts therefore we should trade higher this over the next 2 days....

GBP/USD capped by 1.5975 in Asia

2011-03-29 06:28:53 Current price stays at 1.5980 after hitting a session lo at 1.5975. Pound still holds the bearish tone set with the weekly opening, yet needs to lose 1.5970 to resume its bearish momentum, as hourly chart now shows a flat SMA and a flat CCI."4 hours chart shows indicators heading higher yet far below their midlines, suggesting the upside won’t be easy for the cross. Consolidation above...

USD/JPY moves away from recent highs

2011-03-29 04:41:32 USD/JPY seems to have resigned on its attempt to keep pushing north and after hitting a weekly high at 81.83 past Europe trade followed by a consolidation through the top end of its range in American hours; price is now sliding to session lows at 81.50.Despite investors seem not to be interested in injecting much flows in the cross, knowing that any sell entry may be quickly corrected by the rumoured...

EUR/GBP runs out of momentum at 0.8820

2011-03-28 12:51:47 The EUR/GBP found a fresh impulse of bullish momentum in early trading over Europe, gaining around 40 pips to notch a fresh 5-month high at 0.8820. The pair found firm resistance at that level however, and by mid-day over the continent has eased back towards the technical barrier in 0.8800.While still showing slightly bearish tendencies as the pair retraces some of the recent gains, immediate support is listed at 0.8761 ...

Gold bullion drops to $1415

2011-03-28 12:10:01 The recently witnessed bull rally for gold futures seems to have been limited at last week´s fresh historic high near $1450. The pair finished the the week instead around $1425/ounce and today has dropped another $10 by mid-day over Europe as it currently lingers around $1415.The yellow metal was supported by the overall uncertainty surrounding the marketplace last week, as geopolitical risks in the MENA region were coupled by fresh...

GBP/USD: Dips to 1.5935, 2-month low

2011-03-28 11:01:08 Pound retreat from last week's high at 1.6400 extended on Monday, after brief consolidation above 1.6000, as the pair pulled lower on early London session, breaking below 1.5960/75 support area to reach fresh 2-month lows at 1.5935.On the downside, below 1.5960, the pair might find support at 1.5820/30 (Jan 30/31 lows) and 1.5750 (Jan 25 low). On the upside, resistance levels lie at 1.6025 (day high), and above here, 1.6090/00...
 
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