Last week’s trading was mostly characterized by the sharp change of trends in the market. The most notable trend reversal was of the Euro, which dropped during the beginning of the week, just to bounce back later...
EUR/USD Open 1.3626 High 1.3645 Low 1.3449 Close 1.3607Euro/Dollar continued decreasing after the FED hiked interest rates down to 0.75% last week. On Friday the currency dropped to 1.3456 bottom on the GDP data, from where is...
GBP/USD – 1.5480.. The British pound is enjoying a period of respite after Friday’s selloff to 1.5345 n intra-day rise in euro helped pushing price to 1.5490 in Australia but sellers emerged n knocked cable briefly to...
Euro rebounds in New York after initial fall in Australia following surprise Fed’s discount rate hike- 20/02/2010 01:49GMT The single currency fell to a 9-month low of 1.3443 against the greenback in Australia following the surprise after-market...
Forex News-Gbp/usd – 1.5385 …The British pound extended recent decline to 1.5345 after the release of much weaker-than-expected U.K. January retail sales data which came in at -1.8% m/m n 0.9% y/y versus the economists’ forecast of...
GBP/USD Open 1.5431 High 1.5817 Low 1.5370 Close 1.5528Pound/Dollar continued decreasing yesterday on bad UK’s public financial data and US economic improvement. The Cable dropped from 1.5687 to 1.5414, closing the day at 1.5528. Expectation today are...
The Dollar surged in value versus the euro after the Federal Reserve surprised the forex market late yesterday by raising a key interest rate. This may be the first stage in rolling back its stimulus packages enacted...
EUR/USD Open 1.3468 High 1.3645 Low 1.3449 Close 1.3526The significant rise of Euro/Dollar at the beginning of this week is considered as correctional movement of the main bearish channel formed on the 3 hour chart. On Thursday...
Update Time: 18 Feb 2010 23:51GMT INTRA-DAY GBP/USD OUTLOOK – +1.5440+ Cable has tumbled in tandem with euro due todlr’s broad-based rally after Fed’s surprise 0.25%discount rate hike n expect 1.5535 (prev. low) tocap recovery, bring further...
Market Review – 18/02/2010 22:52GMT Dollar rallies as Fed raises discount rate The dollar surged against its counterparts as the Federal Reserve increased the discount rate for banks for the first time in 3 years to 0.75...
