ForexPros Daily Analysis March 3, 2010 Fundamental Analysis: Interest Rate Decision European traders anticipate the publication of the European Central Bank (ECB) decision on short term interest rate. The decision on where to set interest rates depends...
Market Notes: Bank of Canada has left the interest rate unchanged at 0.25%, but sounded hawkish in its accompanying statement by noticing that economic activity was expanding quicker than anticipated.
GBP/USD Open 1.5020 High 1.5076 Low 1.4863 Close 1.4970Pound/Dollar traded hesitantly on Tuesday within the 1.4863 – 1.5032 range, closing the day at 1.4970. Today at 9:30 is the CIPS services, and BOE meeting begins. On the...
Market gears up for a very busy end to the week: ECB minimum bid rate and BoE official bank rate out tomorrow, followed by US Non-Farm Payrolls on Friday. Past Events: • CAD Overnight Rate out at...
The USD fell Tuesday versus the EUR on comments from Greek officials regarding the government’s commitment to make major budget cuts necessary to reduce the deficit. Pressuring the Dollar further were hawkish statements regarding interest rate hikes...
GBP/USD – 1.5023.. http://www.acetraderfx.com The British pound also retreats in tandem with euro ahead of Euroepan opening as st specs took profit after intra-day rally in Asia to 1.5077 on active short covering. Bids are touted 1.5010-1.4990...
EUR/USD Open 1.3617 High 1.3654 Low 1.3442 Close 1.3612The upper limit of the descending channel on the 3 hour chart is still holding the Euro/Dollar from breaking up at the 1.3665 resistance on Monday. On Tuesday the...
GBP/USD – 1.5062..http://www.acetraderfx.com Sterling is the stronger ccy vs euro today as price jumped ahead of Asian opening on active buying by many big players, some covered their recent shorts n some (st specs) on triggering stops abv...
Market Review – 02/03/2010 22:50GMT Euro rebounds from 10-Month low as Greece to set new deficit cuts The single currency rebounded strongly from a 9-1/2-month low against the dollar on Tuesday as investors awaited new plans to...
ForexPros Daily Analysis March 2, 2010 Fundamental Analysis: ADP Nonfarm Employment Change Traders of the US anticipate the publication of the ADP National Employment Report tomorrow March 2. The report measures the monthly change of nonfarm private...
