GBP/USD Confirms Short-Term Downtrend
December 20, 2010 2:30 pm by Greg HoldenThe GBP/USD confirmed a downtrend this morning with a bounce off the significant resistance level at 1.5560. Lower-than-expected mortgage approvals in the United Kingdom had a dampening effect on the pound sterling's appeal, pushing the pair down to a current ...
Risk Appetite Growing; EUR Pares Losses
July 7, 2009 8:47 am by Greg HoldenAfter yesterday morning's short boost to the USD and JPY, as well as Crude Oil's tumble toward $63, we now see a return of risk appetite following the US's manufacturing data release. As of this morning the EUR and GBP ...
ADP Non-Farm Employment Change to Rock Today’s Market!
July 1, 2009 9:17 am by Greg HoldenToday will be an important day for forex traders. Wednesdays typically act as the day with the most trading volume and volatility, and with events such as the US's ADP Non-Farm Employment Change report being released just prior to the ...
CB Consumer Confidence on Tap
June 30, 2009 10:03 am by Natalie R.The market appears dominated by rising confidence in Europe mixed with poor economic data. Despite negative reports, consumer optimism is on the rise. This has led to an increase in risk appetite which in turn boosts higher yielding currencies such ...
