Law Advice

Forex: Euro drops further on Trichet’s comments FXstreet.com (Barcelona) – The Euro has depreciated against its major rivals extending declines to multi-month lows, in case of the EUR/USD, as Trichet was questioned about Greece’s fiscal situation, at his first press conference after the ECB’s monetary policy meeting. Read more on The Forex Market

Forex: AUD/USD falls against the dollar and is trading at 0.8806 FXstreet.com (Sydney) – The Aussie fell against the dollar and is trading at 0.8806. The pair is threatening lows not seen since December last year. The AUD/USD had earlier opened at 0.8826 but has dropped steadily to current levels. Read more on The Forex [...]

Forex: GBP/USD rally capped at 1.6070, drops back to 1.6010 FXstreet.com (Barcelona) – Pound’s recovery from 1.5850 low on Monday has extended to 1.6075 resistance area where sellers have taken over, sending the pair 60 pips lower, to 1.6010 area at the moment of writing. Read more on The Forex Market

Forex: AUD/USD regains some losses against the dollar and is trading at 0.8855 FXstreet.com (Sydney) – The Aussie regained ground against the dollar and is trading at 0.8855. The pair had earlier opened at 0.8860 but has been as low as 0.8825. The pair maintains support at 0.8823, resistance at 0.8884 and is considered slightly [...]

Forex: USD/JPY recovery capped below 90.90/95 resistance FXstreet.com (Barcelona) – The Dollar has remained moving in a range between 90.45 and 90.80 during European session, after having failed on its two attempts to break above 90.90/95 resistance area. Read more on The Forex Market

Forex: NZD/USD falls as RBA keeps rates in check FXstreet.com (Sydney) – The Kiwi fell against the dollar in concert with the Aussie and is trading 0.7065. The pair had earlier opened at 0.7082 and rose to post an intraday high of 0.7097 before easing slightly. The NZD/USD finds support at 0.7059 and resistance at [...]

Forex: GBP/USD sell-off extends to 1.5935, 3-week low FXstreet.com (Barcelona) – Pound’s reversal from 1.6280 resistance area on Jan 28 extended on Friday with a 200 pip sell off to 1.5980, to dip lower on Monday’s Asian session, to reach 3-weeks low at 1.5935, before picking up to levels around 1.5975 at European session opening. [...]

Forex: EUR/USD reverses losses and is trading at 1.3912 FXstreet.com (Sydney) – The EUR reversed recent losses against the USD and is trading at 1.3912. The EUR/USD had earlier opened at 1.3931 and has been as high as 1.3936. The pair finds support at 1.3888 and resistance is at 1.3965. The pair is considered slightly [...]

Forex: USD/CAD hits 6-week high at 1.0720 and retreats below 1.0700 FXstreet.com (Barcelona) – After attempting twice to consolidate levels above 1.0700, the USD/CAD has reached 1.0720 as fresh highest level since Dec 18 and it has begun to retreat to trade just below 1.0700. Pair is currently pricing at 1.0695, fighting to take the [...]

Forex: GBP/USD negative, targeting 1.5896 – Commerzbank FXstreet.com (Barcelona) – The Pound sold off on Friday, breaking below 1.6075 support, to extend to levels below 1.6000, and, according to Karen Jones, technical analyst at Commerzbank, targeting recent low at 1.5896. Read more on The Forex Market