Posts Tagged ‘greenback’

GBPUSD Outlook: Week of 3/2

by Christopher Lemieuxon March 3, 2014 6:25 am BST
GBPUSD is looking to test key resistance near 1.6750, while price action has been trending upwards within an ascending channel on the weekly chart. Sterling has continued to outperform its peers. According to the Bank of England (BoE) Monetary Policy Committee (MPC) member Ben Broadbent, “the strength of sterling is really a reflection of the […]

Krone Rapidly Gains Against Greenback; USDNOK Outlook

by Christopher Lemieuxon February 25, 2014 9:23 am BST
  The Norwegian Krone continues to rapidly strengthen, particularly against the greenback, as the economy shows signs of slowing. Prime Minister Erna Solberg aims to implement policies to prevent further strengthening and keep the economy, highly dependent on oil, gas and shipping, competitive. There are no plans to seek foreign-exchange intervention to weaken the krone, […]

Timing is Everything: Aussie Squeezes Shorts

by Christopher Lemieuxon February 5, 2014 4:21 am BST
The Australian dollar accumulated a record amount of shorts going into the Reserve Bank of Australia’s benchmark rate decision, and a lesson of timing was given as the AUDUSD squeezed traders for over 200 pips before giving back 60 pips and falling back under .8900. The two percent climb was the Aussie’s biggest gain against […]

USDCHF may Touch 9-Month Low!

by Forex Rooton December 28, 2012 7:37 am BST
The Dollar may drop to 90.02 centimes, the low on April 2, should it break below 90.84 and depreciate to 90.41, Richard Adcock, a foreign-exchange and fixed-income technical strategist in London, wrote in a note dated yesterday. The dollar dropped 0.1 percent to 91.26 centimes as of 2:49 p.m. in Tokyo. It touched 90.84 on […]