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Forex: GBP/USD extends recovery above 1.5750

The Cable extends its correction after falling below 1.5700 at the weekly opening, having risen over 80 pips throughout the day to print a daily high of 1.5770 in recent dealings. At time of writing, GBP/USD is quoting around 1.5760/65, up 0.5% on the day.

From a technical view, "Current bounce is seen as further consolidation ahead of fresh leg lower, as previous recovery attempt was rejected on approach to psychological / 200 day MA resistance that keeps the upside limited for now", says Slobodan Drvenica, analyst at Windsor Brokers Ltd.

Forex: EUR/USD keeps the lows around 1.3510

The single currency is trading well into the red territory, as bearishness has increased towards the last part of the NA session. Renewed euro zone debt spectres were hovering over global...
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Wall Street posts its worst day in 2013

The US stocks market closed Monday with declines as investors were concerned on Europe stability and solvency amid corruption in Spain and polls that give victory to Berlusconi's party.
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