GBP/USD Open 1.6019 High 1.6153 Low 1.5945 Close 1.6015Pound/Dollar made a significant downward momentum from the beginning of this week with over 300 pips, forming new short term downward channel on the 15 minutes chart. On Wednesday...
Today, traders should pay close attention to the release of the U.S. Unemployment Claims report. This indicator always produces extreme market volatility in the major currency pairs. Traders may find good opportunities to enter the market following...
USD The US Dollar, which had been up most of the session, was trending downward on Wednesday after policy minutes from the Federal Reserve’s meeting showed that the Central Bank is concerned that by easing up on...
UR/USD Open 1.4400 High 1.4483 Low 1.4290 Close 1.4409Euro/Dollar is still trading within the 1.4229 – 1.4484 range. On Wednesday the currency couple dropped down to the 1.4290 bottom, from where it started ascending up to 1.4432,...
Forexpros Daily Analysis Jan 6, 2009 Fundamental Analysis: Interest Rate Decision The Bank of England (BOE) decision on short term interest rate is due to be published tomorrow (Jan 7). The decision on where to set interest...
GBP/USD Open 1.5991 High 1.6153 Low 1.5945 Close 1.5989Pound/Dollar attempt to make the rise yesterday, reaching a peak at 1.6153, where the increasing momentum was limited and the Cable started dropping down to 1.5966, closing the day...
USD The US Dollar recouped some of its losses from the previous session in Tuesday trading and was mixed overall. Traders were talking about the ADP jobs report which comes out on later on today and is...
Tuesday’s much worse than expected Pending Homes Sales release boosted the U.S. Dollar and the Yen as investors returned to the safety of the greenback and the Japanese currency. Both the Yen and Dollar reverted back to...
EUR/USD Open 1.4363 High 1.4483 Low 1.4269 Close 1.4364Euro/Dollar consolidated within the 1.4229 – 1.4580 range for the past 3 weeks, as seen on the 1 hour chart. We will be looking for a break out of...
USD/JPY Open 92.47 High 93.20 Low 91.63 Close 92.51Dollar/Yen started descending on Monday, after the strong ascending movement last week. After reaching the 93.21 peak yesterday, the currency couple dropped down to 92.24, closing the day at...
