GBP/USD Open 1.6266 High 1.6344 Low 1.6167 Close 1.6268Pound/Dollar made a significant downward movement on Wednesday, reaching a bottom at 1.6167, from where the Cable sharply jumped to the 1.6344 top, closing the day at 1.6268. This...
After three days of continuous gains, the U.S. Dollar ended its winning streak Wednesday, as traders began to turn to riskier currencies amid a positive day on Wall Street. Subsequent gains made by the EUR threatened to...
GBP The United Kingdom’s Finance Minister, Alistair Darling indicated that he will probably raise the estimate of borrowing by the government from a record 175 Billion Pounds, admitting that the recession has been deeper and required more...
EUR/USD Open 1.4735 High 1.4777 Low 1.4676 Close 1.4706Euro/Dollar continued weakening on Wednesday insignificantly, breaking down the 1.4677 support level on the 3 hour chart, where the bearish momentum was limited. Quotes than jumped up, towards the...
Forexpros Daily Analysis Dec 9, 2009 Fundamental Analysis: Trade Balance Index The US Bureau of Economic Analysis will release the Trade Balance index report Tomorrow (Dec 10), which measures the difference in worth between exported and imported...
USD/JPY Open 88.38 High 89.42 Low 87.36 Close 88.41Dollar/Yen continued descending on Tuesday, as expected, reaching the 88.18 bottom, and closing the day at 88.41. This morning the currency couple extended its weakening towards 87.36. On the...
Global Equity Markets slumped on Tuesday as a wave of poor economic news and lowered rating caught the market off guard. In Japan, GDP printed less than forecasted, coming in at 1.3%. Fitch lowered its rating on...
GBP/USD: The Greenback continues to rally and we are approaching pivotal handles across the G-10. The GBP has been range bound since the end of May, so much so, that it is the worst performing currency against...
GBP/USD Open 1.6246 High 1.6476 Low 1.6167 Close 1.6284.Pound/Dollar extended its bearish movement on Tuesday, forming divergence on the daily chart. As seen in the 3 hour chart, after 2 higher and 2 lower tops, bulls have...
USD Taking the thunder from the recent USD rally, Federal Reserve Chairman, Benjamin Bernanke said that the US economy still faces a long and steep road to recovery, citing the 10% unemployment rate as the core proof....
