Forex Flash: GBP/USD may rebound to 1.5375 and 1.5525 ahead of more losses - Commerzbank

The GBP/USD is expected to consolidate some of the past losses ahead of further weakness, possibly rebounding to 1.5375 and 1.5525. "The market sold off aggressively last week slicing through the 1.5271/35 target with ease", wrote analyst Karen Jones. "This is extremely negative price action and beyond a rebound we look for losses to 1.5000/15 and then 1.4853, the 61.8% retracement of the 2009 move", she added.

Feb 26, 2013

Forex: USD/CHF testing the 0.9300 level after Swiss data

An earlier attempt at the upside at the 0.9316 level was recently stymied by the release of upbeat data in Switzerland, leading to a nearly 15-pip decline in recent moments. Subsequently, the cross has fallen the 0.9300 barrier, testing the region in these moments, and already incurring a loss of -0.16%

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Feb 26, 2013

Forex: EUR/HUF consolidates above 294.00

The Hungarian forint is resuming its depreciation against the single currency on Tuesday after the unemployment rate in Hungary in the three months ended in January up-ticked to 11.2% from 10.7%....

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