Forex: GBP/JPY jumps above the 144.50

The Sterling is joining an upside sentiment in the last few minutes and against the Japanese Yen, the pair has been launched to trade at daily highs at 144.65, looking for test the March 8th high at 144.75. Currently the pair is pricing at 144.45.

With 0.75% daily gains, the pair is inside a slightly bullish trend according to the FXstreet.com Forex Studies. MACD, CCI and Momentum are bullish while the Stochastic is bearish in the 1-hour chart.

Next resistances come at 144.75, 145.90 and 147.90. On the down side, supports are at 144.10, 143.80 and 143.55.

Mar 14, 2013

Forex Flash: Eurozone growth expected to rebound in 2014 despite austerity – Goldman Sachs

For the Euro area as a whole, we expect a continued contraction, by -0.5% in 2013, before a return to positive growth of +0.8% in 2014. According to the Economics Research Team at Goldman Sachs, “Our baseline is still that the Euro area will ‘muddle through’ but remain intact. Cross-country divergence remains a key theme in this baseline scenario, however, with economic weakness especially pronounced in Spain and Italy.”

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Mar 14, 2013

Forex: EUR/GBP extends decline to 1-week low

The euro extended losses versus the pound during the New York session as the British currency strengthened across the board and dragged EUR/GBP to a 1-week low.

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