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Jul 28 2014Daily EUR/USD Technical Analysis The EUR/USD is trading higher on the daily chart, but the volume is down and the action is light. Today’s move is likely being driven by concerns over the Fed announcement later this week along with U.S. GDP and Non-Farm Payrolls data. Last week’s low at 1.3421 is holding, creating an […]
Jul 28 2014The GBP/USD traded higher as investors squared positions ahead of Wednesday’s U.S. Federal Reserve Federal Open Market Committee monetary policy announcement and Friday’s U.S. Non-Farm Payrolls report. Although the majority of investors believe the Fed will stay the course until its next meeting in September, some feel the need to lighten up on short positions […]
Jul 28 2014Analysis and Recommendations: The GBP/USD gained 6 points recovering a bit of last week’s decline as trader were more or less bored today with no data and little news flow. Even the Middle East seems to be quiet moving into the holiday in the muslin world. On a weekly basis, the Sterling Pound traded on […]