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10 Nov 2014

Greenback back in charge - FXStreet

FXStreet (Guatemala) - Valeria Bednarik, chief analyst at FXStreet explained that the Euro recovery against the greenback stalled at 1.2509 this Monday, with the greenback regaining the upside across the board as US indexes run to fresh all time highs.

Key Quotes:

“There was no significant fundamental data released but some minor readings in Europe early on the session, Italian industrial production and EZ Sentix Investor Confidence, with the first showing a strong setback and a second a slight improvement”.

“The EUR/USD however, hardly reacted to any: dollar slide early on the day was general across the board, part correction, part profit taking”.

“Nevertheless, US opening brought some steady dollar advance, with the currency closing the day up against most of its rivals, but within tight ranges”.

Nov 10, 2014

GBP/USD keeps falling, below 1.5850

The sterling could not sustain session peaks near 1.5920, prompting GBP/USD to deflate to the current intraday lows in sub-1.5850 levels...

Wall Street sets new record highs to start the week

The US stocks market closed positive on Monday as investors digested earnings corporate and healthcare shares and despite pressure on energies. The Russell 2000 jumped to 4-month highs while the Dow and the S&P hit record highs.