Forex Consulting

Cable tries for another go to the upside

GBP/USD is testing key resistance levels once more after finding near-term support The pair found a decent support level at the 38.2 retracement level at 1.3364. The hourly chart shows that the level held on quite well as the pair did not close below 1.3364. It held that level earlier in the day before making…

Forex Consulting

European stock markets sag at the close

Closing changes for the main bourses – French CAC -0.7% – German DAX -0.7% – Spain IBEX -0.1% – Italy MIB -0.5% – UK FTSE 100 +0.1% Everything is selling off in Europe today with German 10-year yields up 7 bps and Italian 10s up 11 bps. Copyright 2015 Forexlive.com