GBP/USD Open 1.6345 High 1.6437 Low 1.6229 Close 1.6344Pound/Dollar continued rising on Monday, reaching the key 1.6400 resistance, and closing the day at 1.6344. Cable’s appreciation continued today, overcoming the above resistance. During the European session we...
Following a report that U.S. based Kraft Foods Inc. may be merging with British incorporated Cadbury, the Pound saw major gains across the market spectrum. The Euro dropped to a four month low against Sterling, while GBP...
EUR/USD Open 1.4398 High 1.4507 Low 1.4335 Close 1.4381Euro/Dollar traded within a tight range on Monday. The downward trend in favor of the Dollar, however, was limited at the 1.4335 support level, from where the European currency...
ForexPros Daily Analysis January 18, 2010 Fundamental Analysis: Interest Rate Decision Traders are looking forward to the publication tomorrow (January 19), of the Bank of Canada, regarding short term interest rate. The decision on where to set...
USDOn Friday, US data releases were mixed though were generally disappointing at the margin. December CPI was slightly below forecast, rising just 0.1% m/m with core also up 0.1% m/m though year-on-year comparisons ticked sharply higher as...
GBP/USD Open 1.6288 High 1.6355 Low 1.6229 Close 1.6259Pound/Dollar corrected on Friday down from the 1.6355 top to 1.6231, closing the week at 1.6259. This morning Cable started climbing again, exerting pressure on the Dollar, and if...
After consistently dropping last week, the Dollar’s downtrend appears to be halted. The Dollar is currently rising against the Euro, and considering Crude Oil’s surprising drop, it seems that the Dollar has the potential to rise further....
EUR/USD Open 1.4370 High 1.4507 Low 1.4335 Close 1.4353Euro/Dollar dropped on Friday after a report from China showed a tightening of credit in the housing sector and the withdrawal of foreign investment earlier last week, causing demand...
USD/JPY Open 91.27 High 92.03 Low 90.64 Close 91.21Dollar/Yen ascended on Thursday up to the 92.03 top, from where it started dropping down to 90.85, closing the day at 91.21. Today’s bottom at 90.64 appears to be...
GBP/USD Open 1.6332 High 1.6355 Low 1.6252 Close 1.6333Pound/Dollar retreated on Thursday after the news from China showed a housing loans conditions tightening, than recovered from the 1.6252 bottom to 1.6343, closing the day ay 1.6333. Holding...
