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Forex Market News

The latest news from the world of forex trading

GBPUSD Threat of Renewed Bear Pressures; Needs Break of 1.6162

GBPUSD bear trend extension risk into October A lower low and lower high Monday to reinforce the push below 1.6245 on Friday, as we had expected to leave risk to the bottom of the broad range seen as 1.6525 to 1.6162. We...

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Market Analysis EURUSD

  (Figure): Hourly chart for EUR/USD The dollar rose to close to a 2 year high against the Euro in the morning session today. The Euro broadly remained lower, as traders...

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EURUSD Aims through Next Target 1.2662; Risk to 1.2502 and 1.2460

EURUSD bear trend extension theme into October We have stressed in client reports through latter September that “we still aim lower into latter September, for an import...