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1 May 2013

Forex: GBP/USD consolidates below 1.5600

FXstreet.com (Córdoba) - After being unable to break above the 1.5600 mark, GBP/USD turned lower and staged a short-lived setback that was contained by 1.5545, where the 20-hour SMA and a static support level (high Apr 29) converge.

GBP/USD was then confined to a phase of consolidation, as investors await the FOMC announcement at 18:00GMT, with most analysts expecting no change from the Fed's previous meeting.

At time of writing, GBP/USD is trading at the 1.5575/80 area, where it is 0.3% above its opening price and having printed a high of 1.5594.
May 1, 2013

Forex: USD/JPY keeps the red around 97.20/25

The Japanese yen continues to gather traction against the greenback on Wednesday, falling for the second consecutive session and prolonging its correction from last week’s highs in the boundaries of 100.00...
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May 1, 2013

Poor jobs data is dragging US markets lower

Markets in the US are trading on the back foot on Wednesday, dragged by below-expectations revenues from companies and disappointing ADP report figures, ahead of the FOMC meeting...
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