Market Review – 03/02/2010 22:56 All times in GMT Dollar gains broadly on upbeat U.S. economic data U.S. currency rallied against most of its counterparts on lower-than-expected private sector job losses as well as stronger-than-expected economic data.
Market Notes: The Forex market is on hold. Although AUD has started the day as a strongest currency and USD as a weakest, the change in all the pairs is miniature and can’t give us an obvious...
Previous sessionsUS Dec Pending Home sales out at +1.0% m/m, as expected vs. revised -16.4% priorGBP Nationwide Consumer confidence out at 73 versus expected 70 vs. 70 priorAUD Dec. Trade Balance out at -2.25B versus expected -2.36B...
USD/JPY Open 90.45 High 90.91 Low 90.09 Close 90.37Dollar/Yen is trading this week in within the 89.78 – 90.91 range. On Wednesday the currency couple declined from the above upper limit, closing the day at 90.37. We...
ForexPros Daily Analysis February 3, 2010 Fundamental Analysis: Ivey PMI Canadian traders anticipate the publication of the Ivey Purchasing Manager’s Index (PMI) tomorrow, February 4. The index measures the activity level of purchasing managers in Canada.Any reading...
GBP/USD Open 1.5991 High 1.6059 Low 1.5904 Close 1.5771Pound/Dollar has formed new small rising channel on the 15 minute chart starting from Monday’s bottom at 1.5859. After little hesitation on Wednesday, climbing continued to 1.5996, closing the...
GBP/USD Forex Market moving news GBP/USD – 1.6022.. The pound rose to 1.6009 after release of strg N’wide consumer confidence index n although price dipped in tandem with euro to 1.5966, buyers quickly returned n lifted cable.
Australia surprised economists by holding interest rates steady after the market unanimously predicted an interest rate hike. Also a chain of positive news has helped spot crude oil prices jump over 5.5% during the past two days.
EUR/USD Open 1.3974 High 1.3976 Low 1.3886 Close 1.3965Euro/Dollar traded hesitantly and with volatility on Tuesday, correcting upwards to the 1.3976 top, closing the day at 1.3965. On the 3 hour chart the currency pair remains within...
********************************************Update Time: 02 Feb 2010 08:11GMT INTRA-DAY GBP/USD OUTLOOK – +1.5930+ Although cable has recovered after anticipatedretreat fm 1.5975 to 1.5920 n sideways trading wudbe seen, as long as said res holds, consolidation with downside bias remains,...
