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In trading on Friday, EUR/USD was up 0.32% at 1.3398, up from a session low of 1.3334 and off from a high of 1.3410.
The pair was likely to find support at 1.3298, Thursday’s low, and resistance at 1.3452, Tuesday’s high.
The Commerce Department reported earlier that new home sales in the U.S. dropped 13.4% to 394,000 units in July, far worse than market expectations for a 1.4% decline.
GBPUSD is making a second break at the daily high. The first move failed after the price move toward the next target at the 1.2543 level, fell short. As a result, the price rotated back […]
All Stock Market Indices Are Fata Morganas Have you ever wondered what information a stock market index actually gives? An index point is not a fixed unit in time and does not have any historical […]
Investigators turn attention to second forex fraud in Dubai As the man behind a Dh50 million forex scheme that promised to double investors’ money is arrested for a second time, investigators are now turning their […]
