British Pound Plunges to new 10 month low Past events: • USD ISM Manufacturing PMI out at 56.5 versus expected 57.7, prior 58.4• GBP British Manufacturing PMI out at 56.6, versus expected 56.3, prior 56.6• EUR unemployment...
GBP/USD Open 1.4972 High 1.5233 Low 1.4777 Close 1.4987Pound/Dollar sank on Monday with around 450 pips after polls showed hung parliament and investors sold huge. The Cable dropped from 1.5233 down to 1.4777 yesterday, closing the day...
The U.S. Dollar and Yen firmed against most major counterparts on Monday as investors trimmed stretched risk positions in higher-yielding currencies. The safe heaven currencies were bolstered by continuing investor concerns over mounting fiscal problems in Euro-zone...
EUR/USD Open 1.3557 High 1.3665 Low 1.3470 Close 1.3561Euro/Dollar started this week with a decrease from the upper limit of the descending channel on the 1 hour chart at 1.3665, to 1.3470, closing the day at 1.3561.Our...
Market Review – 01/03/2010 22:56GMT Sterling tumbles against dollar on political woes The single currency declined against the U.S. dollar on Monday, led by a sharp sell-off in pound and lingering uncertainty over a bailout for Greece....
ForexPros Daily Analysis March 1, 2010 Fundamental Analysis: Existing Home Sales Traders of North America anticipate the decision of the Bank of Canada (BOC) on short term interest rate. The decision on where to set interest rates...
GBP/USD Open 1.5182 High 1.5315 Low 1.5097 Close 1.5232Pound/Dollar continues to drop convincingly, forming sharp downward channel on the 3 hour chart. After correcting up to 1.5316 on Friday, depreciation went on down to 1.5161, closing the...
Market Notes: Fitch’s downgrade Greece’s four largest banks from BBB+ to BBB. Moreover, the ratings outlook is negative, which points to the risk of further downgrades ahead.
Past Events: • USD Prelim GDP q/q out at 5.9%, versus expected 5.6%, prior 5.7%• USD Existing Home Sales out at 5.05M, versus expected 5.51M, prior 5.44M• GBP Nationwide HPI m/m out at -1.0%, versus expected 0.4%,...
After a week which was mostly characterized with the halt of the Dollar’s bullish trend, a hefty news week is impending. Australia, Canada, Great Britain and the Euro-Zone will all publish their monthly Interest Rates desiccations. And...
