Trends for Today 01/03/2010
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.
Category: Daily Forex Reports
Daily Forex Analysis by Finexo.com 01/03/2010
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%,...
Non-Farm Payrolls Week Begins
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...
EUR/USD 1.3600 – 1 March 2010
EUR/USD Open 1.3643 High 1.3673 Low 1.3558 Close 1.3623Euro/Dollar appreciated at the end of last week, as Dollar index decreased, and crude oil and gold registered growth. On the 3 hour chart the Euro is adjusting sharply...
Daily Market Outlook by AceTrader
Market Review – 27/02/2010 01:53GMT Dollar falls vs euro & yen after weak U.S. home sales and Greek aid Euro maintained a firm footing on Friday in Asia and European morning following its previous day’s rebound, however,...
USD/JPY 89.39 – 26 February 2010
USD/JPY Open 89.26 High 90.30 Low 88.84 Close 89.04Dollar/Yen continued depreciating on Thursday from the 90.30 top, down to the 88.84 bottom, closing the day at 89.04. The Dollar showed weakness against the Yen this week as...
GBP/USD 1.5293 – 26 February 2010
GBP/USD Open 1.5237 High 1.5420 Low 1.5194 Close 1.5261Pound/Dollar continued depreciating on Thursday, as expected, from 1.5420 down to 1.5194, closing the day at 1.5261. Today’s focus is on the GDP Q4 at 9:30 GMT. As on...
Daily Forex Analysis by Finexo.com 26/02/2010
Past events: • GBP CBI Realized out at 23, versus expected -1, prior -8• USD Core Durable Goods Orders m/m out at -0.6%, versus expected 1.1%, prior 2.0%• USD Unemployment Claims out at 496K, versus expected 461K,...
Bernanke Reaffirms Low Interest Rates
Rumors of another possible downgrade of Greece by Standard & Poor convinced traders to sell the EUR in favor of higher yielding currencies like the Yen, as well as the EUR’s traditional rival, the USD. But the...
GBP/USD Market Moving News by AceTrader
GBP/USD – 1.5365.. Although sterling is enjoying a short period of respite in Asia after y’day’s sharp descent to an 8-month low of 1.5187 (NY) n managed a short-covering rebound in tandem with euro to 1.5295 in...