GBP/USD – Pound Jumps As Construction PMI Beats ExpectationsThe British pound has posted sharp gains on Tuesday. Early in the North American session, GBP/USD is trading slightly below the 1.33 level.On the release front, it’s a quiet day. British Services PMI came in at 45.9…Read More
USDJPY falls but rebounds after softer ISMISM's Holcomb calls it "nice, well balanced report"The ISM was a bit softer with employment falling below 50 and New Orders down a bit (from 57 to 56.9), but employment in manufacturing is not what it used to be and New order…Read More
AUD/USD: To The Top?AUD/USDCurrently we are at 0.7614 in a range. IF we break above this resistance we are looking for a continuation to the 1.270 Fibo at 0.7649 and a continuation to 1.618 Fibo top at 0.7692. The average daily true range (ATR) …Read More
USD/JPY – Yen Drops Below 102 As Abe Unveils Stimulus PlanThe Japanese yen has posted gains on Tuesday, following a lackluster start to the week. USD/JPY is currently trading at 101.80.On the release front, Japan announced the first step in its stimulus package, totaling J…Read More
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