The GBPUSD was sold off to the 1.3305-1.3310 because there is news that many issues of Brexit are unsolved. GBPUSD did not break the 1.3305-1.3310 and it went to test…
Will GBPUSD go to 13500 or a false break-out of 1.3310
GBPUSD has moved up from 1.3250 to 1.3370 because there is news that 95% of Brexit Trade Deal has been agreed. The 1.3310-1.3315 has been a strong resistant zone in…
Yellen speech finally saved US dollar from 6-week low but down side risk still high
US dollar was solf off aggressively over the last six weeks although key economic data was better than expected. Before Yellen speech USDJPY touch 101.40 zone, a very strong support…
UK Markit Services PMI data exceed expectation and GBPUSD finally hit 1.70, the highest level since 2009
UK Markit Services PMI in April marked 58.7 vs. 57.6 as expected with employment component rising to 56 from 53.5 – its best level since October 2013 GBPUSD finally hit…
China Manufacturing PMI missed expectation and Ukraine crisis escalating
Key news move the market during of Asian trading session today: China HSBC Manufacturing PMI of April increased to 48.1 from 48.0 of March but still below 50 and missed…
Nonfarm payroll was good but totally failed to support USD. Why?
When US Job reports first released, the whole financial market was impressed by the data and reacted immediately, pushing US dollar sharply higher agains all of the major currencies as…
Key points taken from FOMC meeting
Following are key points taken from FOMC meeting, as discussed between voting members Rates leave unchanged Decision was unanimous approved Taper continue – buying bond by another $10bil to $45bil…