Euro Extends Gains, but Obstacles Remain

The Euro continues to extend last week’s gains; in Sydney, the common currency earlier struck a 1-month peak against the U.S. Dollar on easing concerns over Greek debt. Source: DailyForex News

Euro Extends Gains as Commodities Stabilize

The common currency Euro continued to extend its recovery from this week’s earlier struck 7-week low against the U.S. Dollar, which is coming under heavy sell pressure as commodity prices appear to be stabilizing. Source: DailyForex News

Forex: GBP/USD, retreat from 1.6300 extends below 1.6200

Forex: GBP/USD, retreat from 1.6300 extends below 1.6200 FXstreet.com (Barcelona) – The Pound rallied almost 300 pips amid general Dollar weakness over the previous two days, reaching a fresh 9-month high at 1.6300, where the pair failed before pulling back in Asia, to reach session lows below 1.6200 ahead the European markets opening. Read more [...]

Forex: GBP/USD run extends to 1.5720

Forex: GBP/USD run extends to 1.5720 FXstreet.com (Buenos Aires) – Pound accelerated to the upside breaking 1.5700 level, having reached at the time of writing an intraday high of 1.5720, posting a fresh 5-month high, confirming the bullish tone the UK currency presented all the week. Read more on The Forex Market

Forex: EUR/JPY extends 4-day high at 110.70

Forex: EUR/JPY extends 4-day high at 110.70 FXstreet.com (Barcelona) – The Euro continues to outpace the Japanese Yen for a third consecutive day, as the upside movement intensified on the NFP release. Read more on The Forex Market