Forex: GBP/USD falls below 1.5300

FXstreet.com (San Francisco) - The Sterling is extending its decline against the Greenback and after falling around 85 pips since the 1.5365, intra-day high reached in the Asian session, the GBP/USD has been trading lower to break below the 1.5300 frontier and trade at daily lows at 1.5280.

Currently the pair is trading at 1.5290, still 0.1% positive on the day. However, indicators such as MACD and Momentum are positive while the CCI is bearish and the Stochastic is neutral.

Below the 1.5280, next supports are at 1.5270, 1.5230 and 1.5215. On the other side, resistances are at 1.5300, 1.5320 and 1.5365.

Apr 19, 2013

Forex: EUR/USD back above 1.3100

After choppy price action, which saw EUR/USD spike briefly above 1.3100 and pull back, EUR/USD resume the upside on firmer footing and rose to fresh daily highs. At time of writing, EUR/USD is trading at the 1.3110/15 area, having set a peak of 1.3127 in recent dealings as comments from the G20 continue to hit the wires.

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Apr 19, 2013

Forex Flash: Waning demand of electronics hurts tech stalwarts such as Apple – Deutsche Bank

After the recent tumble in Apple's share price, including a 2.7% drop yesterday, the tech giant has now well and truly lost its title as the largest company by market cap to Exxon Mobil. Exxon owes that crown more to Apple's 44% drop since its September peak, than to its own share price performance, which has been mostly range, bound during that same period. More broadly, we've seen a sizeable underperformance in US tech stocks this year with the tech sector virtually flat YTD against an 8%+ gain in the broader S&P500.

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