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11 Mar 2013

Forex: GBP/USD moves off 32-month low

The pound found support and managed to recover part of its intraday losses against the dollar after falling to a fresh 32-month low sub-1.4900.

GBP/USD bottomed out at 1.4865 during the European session where buyers reemerged, sending the cross to the 1.4890 area, where it is still down 0.2% on the day.

In terms of technical levels, the Mataf.net analyst team holds a short-term negative bias for the cross with immediate supports at 1.4860, 1.4800 and 1.4750, while they place next resistances at 1.4940 and 1.4960.
Mar 11, 2013

Forex Flash: EUR/USD could retrace to 1.28 in 3m – Rabobank

The shared currency continues to reflect the lack of direction prevailing in the markets on Monday so far, as investors are factoring the last US Payrolls and Italy’s credit rating downgrade by Fitch....
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Mar 11, 2013

Forex: EUR/CHF bouncing from lows, around 1.2365/70

The Swiss franc is now losing ground against the bloc currency, partially giving away previous gains. Renewed risk aversion dragged the cross from session highs in the vicinity of 1.2380 to sub 1.2350 levels, just...
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