Markets today.

GBP/USD Today – Hesitation At October 5th’s resistance Level

December 18, 2012 9:03 am GMT+0  in Forex Analysis

On October 5th, 2012 GBP/USD had faced a strong resistance at 1.6217 and a strong fall had taken place from there. The recent upward move had taken the currency pair as high as 1.6218 i.e. 1 pips above that level but the pair has been hesitating to cross that resistance for past 23 hours. It’s British […]

Markets Today – EUR/USD’s Break Over The Resistance

December 17, 2012 2:08 am GMT+0  in Forex Analysis

EUR/USD had finally broken over the resistance of 1.3172 which we had covered in the Markets Today for EUR/USD on December 14th. This break is not only a long awaited break which the currency pair has been failing to touch for past 3 months but this came as another attempt to break over the 38.2% […]

Markets Today – EUR/USD Hesitating Below The Previous High

December 14, 2012 9:44 am GMT+0  in Forex Analysis

Today’s outlook for EUR/USD: The high on September 17th war 1.3172, the subsequent high on October 17th was 1.3139 which had taken place after a drop to 1.2804. The next high on was on December 5th, which had taken place after a drop to 1.2661. This level was lower than the previous two when EUR/USD […]

Markets Today – Euro Vs. U.S. Dollar

November 9, 2012 12:09 am GMT+0  in Forex Analysis

The reports of unexpected fall in the U.S. trade deficit by a record jump in the exports added to the post election strengthening of U.S. Dollar against the Euro. The momentum of the fall continued and EUR/USD slipped down to the low of 1.2717. United States Exports The Exports of Goods and Services rose to […]

Markets Today – An Eye On EUR/USD

November 7, 2012 11:40 pm GMT+0  in Forex Analysis

Since the middle of September and more specifically from September end, a clear directional trend was missing in the markets. Any bearish move of EUR/USD has been finding support over 1.2800. The day of election results from U.S. clearly broke that pattern. During yesterday’s analysis for EUR/USD, we had mentioned that more downward move was […]