The most important event of the trading day is likely going to be the Federal Open Market Committee’s (FOMC) Federal Funds Rate statement at 19:15 GMT. With Fed Chairman Ben Bernanke’s recent re-confirmation there is an opportunity...
EUR/USD Open 1.4079 High 1.4179 Low 1.4044 Close 1.4071Euro/Dollar continued descending on Tuesday from the 1.4179 top, down to the 1.4044 bottom, continuing trading within the bearish channel, formed on the 3 hour chart. At present trade...
Market Review – 26/01/2010 21:16 All times in GMT Dollar gains as China curbs lending, deterring risk demand The greenback and yen rose against most of their major counterparts on Tuesday on speculation China will take further...
GBP/USD Open 1.6244 High 1.6268 Low 1.6093 Close 1.6242Pound/Dollar rose on Monday in anticipation of strong UK GDP data, due today at 9:30 GMT. The Cable climbed to 1.6260, closing the day at 1.6242. This morning the...
MAJOR HEADLINES – PREVIOUS SESSION GE GfK Feb. Consumer Confidence out at 3.2 vs. 3.1 expected and revised 3.4 prior US Dec. Existing Home Sales out at -16.7% m/m vs. -9.8% expected and +7.4% prior US Jan....
The Dollar experienced mix trading yesterday, climbing against the Yen but falling against the EUR with traders anticipating both Japanese and U.S. interest rate decisions and a bloc of economic data. The economic releases to come may...
EUR/USD Open 1.4147 High 1.4192 Low 1.4076 Close 1.4150Euro/Dollar traded hesitantly on Monday within the 1.4110 – 1.4192 range, closing the day at 1.4125. This morning the currency couple continued its bearish movement within the downward channel,...
USD/JPY Open 89.99 High 91.87 Low 89.78 Close 89.78Dollar/Yen climbed on Friday to the 90.51 top, from where it started retreating down to the 89.84 bottom, closing the week at 89.78. This morning the Dollar rose, influenced...
ForexPros Daily Analysis January 25, 2010 Fundamental Analysis: German Ifo Business Climate Index Traders look forward to the publication of the German Information and Foschung (Ifo) Business Climate Index tomorrow (January 26). The index determines the business...
Market Notes: The Swiss National Bank president Philipp Hildebrand repeated on Friday that they will prevent any excessive appreciation of the Swiss franc.There are rumors that Bernanke’s reelection on Tuesday is in jeopardy.Dow Jones and S&P500 have...
