Search Results for: Swiss
GBP/USD plunges beneath monthly pivot point
April 2nd, 2014
Pair’s Outlook At first it looked as if the Sterling is going to continue the advancement seen last week. However, despite the bullish technical signals on the weekly and monthly time-frames, the price declined, being unable to withstand the ...
USD/JPY probes resistance at 104
April 2nd, 2014
Pair’s Outlook The U.S. Dollar disregards the daily and weekly technical indicators and strengthens relative to the Japanese Yen. As the supply at 103.34 is now out of the way, USD/JPY is facing the resistance at 104.00/103.79, which should ...
European Stocks Climb After Weekly Gain; Novartis Gains
March 31st, 2014
European stocks rose, after the biggest weekly gain in more than a month, as investors awaited economic data out of Europe and America later this week. U.S. stock-index futures and Asian shares climbed. Novartis AG advanced 2.8 percent after ...
Dashed Ikea Dreams Show Decades Lost to Bribery in Ukraine
March 31st, 2014
Almost half of Ukrainians say they desire Ikea products more than any other global brand, yet the largest home-furnishings retailer hasn’t been able to crack the market in a decade of trying. The reason: it won’t pay a bribe. ...
USD/JPY tests 100-day SMA
March 31st, 2014
Pair’s Outlook Despite the resilience the 55-day SMA has recently demonstrated, in the end USD/JPY has managed to spike through the line and reach 103.03/102.76, which consists of the monthly R1 and 100-day SMA. Should the bulls continue pushing ...
GBP/USD pierced through 1.66
March 31st, 2014
Pair’s Outlook Following a rebound from the 100-day SMA and 2011 highs at 1.65 GBP/USD has breached a number of tough resistances, including the 55-day SMA and monthly pivot point. Accordingly, a chance of further appreciation of the Sterling ...
EUR/USD backed by 100-day SMA
March 31st, 2014
Pair’s Outlook Although the support at 1.3733/1.3680 is not letting the sell-off to carry on, EUR/USD at the same time is failing to gain a bullish momentum in order to leave this area. Still, as suggested by the weekly ...
USD/JPY oscillates beneath 55-day SMA
March 28th, 2014
Pair’s Outlook The story continues, as neither the bulls that see USD/JPY rising from 102 nor the bears that are defending the 55-day SMA seem to be willing to give in. And even though in the short run the ...
GBP/USD stays bullish
March 28th, 2014
Pair’s Outlook Interestingly enough, EUR/USD and GBP/USD continue moving in the opposite directions, enough though generally we would expect them to exhibit strong direct correlation. Nonetheless, the Sterling, unlike its European counterpart, preserves a bullish momentum, despite the trading ...
EUR/USD slips below 1.38
March 28th, 2014
Pair’s Outlook Regardless of the weekly and monthly technical indicators that remain bullish, EUR/USD plunged beneath the support at 1.38. The Euro is currently testing the 55-day SMA at 1.3730, but this level is also reinforced by the 100-day ...
