Forex Bull

GBPUSD continues its downward movement from 1.5997 and the fall extended to as low as 1.5296 level. Key resistance is now at 1.5488, as long as this level holds, downtrend is expected to continue and next target would be at 1.5200 area. However, a break above 1.5488 key resistance will indicate that the downtrend from

[at Reuters] – * Yen near 15-year high versus dollar; risk trades suffer * BOJ seen willing to ease after political uncertainty ends

[at MarketWatch] – Japanese stocks headed sharply lower early Wednesday, after the yen hit a fresh 15-year high against the U.S. dollar overnight, weighing on key exporter shares.

Market tenor changed radically on Monday following Friday’s positive reaction to the NFP, as the European Sovereign Debt Crisis reared up once again.

[at Financial Times] – Which country is the biggest gainer from the creation of the eurozone? My answer would be Germany. This view is hardly accepted in Germany itself

Go here to see the original:  The Dollar Picks Up with Volatility as Risk Aversion Sets In

[at Reuters] – The euro extended declines versus the Swiss franc to a record low on Tuesday as renewed worries about the European banking sector sparked risk aversion and boosted demand for the safe-haven franc.

[at Financial Times] – Investor worries over the eurozone have deepened, hitting the markets of the single currency s weaker economies and sparking a flight to the safety of US Treasuries, German bunds, the yen and the Swiss franc.

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[at MarketWatch] – Renewed worries about Europe s banking sector are undercutting risk appetite and lifting the Japanese yen.