The Dow Jones FXCM Dollar index posted a marginal decline in North American trade but ended the month above key Fibonacci support. Here are the key levels to watch as we head into February. br/
The sterlingrsquo;s recent advance has offered optimal entries for short-scalps as the GBP/USD pair rebounds off key Fibonacci resistance. We now await a break below channel support to press the pair lower. Here are the key levels to watch. br/
European leaders have agreed on new measures to stem the sovereign debt crisis, easing concerns over the Eurorsquo;s fate. But will it last?
Manufacturing in the worldrsquo;s largest economy is expected to expand at a faster pace in January, and the rise in production may prop up the U.S. dollar as the development highlights an improved outlook for growth.br/
The greenback came under pressure on Tuesday, with the Dow Jones-FXCM U.S. Dollar Index slipping to a fresh monthly low of 9,723, but we should see the reserve currency regain its footing over the next 24-hours trading as the rise in risk-taking behavior tapers off.