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25 Mar 2013

Forex: GBP/USD tumbles to 1.5150 after US data

FXstreet.com (Barcelona) - After the release of the last piece of data in the US, stronger demand of the greenback is sending the GBP/USD down, as it tumbles to 1.5150 line where it’s currently finding some support. Previously, the market had failed to hold the 1.5200 handle after the publication of US Chicago Fed Activity Index.

From 2.2 in February, Dallas Fed Manufacturing Business Index rose to 7.4 in March. The US Chicago Fed Activity Index moved from negative territory at -0.49 (revised from -0.32) in February to 0.44.

“The outlook here is still bullish, for a rise towards 1.5330 area with an initial support at 1.5210 and crucial level at 1.5025 low. Minor intraday resistance is projected at 1.5265”, wrote Deltastock.com analyst Stoyan Mihaylov.
Mar 25, 2013

Forex: EUR/USD extends lows on US Dallas Fed data

Cypriot Parliamentary Finance Chairman Papadoloulos added to uncertainty in the markets by saying that they must assess benefits of a euro exit. Such comment made the EUR/USD heavy and trading below Friday’s close of 1.2991. With time the pair extended losses to 1.2916 as the NY session opened and has just printed a low at 1.2904 on the release of US Dallas Fed data.
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Mar 25, 2013

Forex: EUR/USD in a sticky wicket following plunge below 1.2900

The EUR/USD has been in a tailspin Monday, following the disparaging remarks from the Chairman of Cypriot Parliamentary Finance Papadoloulos, in which he noted that they must assess benefits of a euro exit. The comments sent the pair into escape velocity below the 1.2900 region, as the cross inked fresh session lows at the 1.2674 level.
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