GBP The rating agency, Fitch, declared on Tuesday that Britain is most at risk among the big economies to lose its AAA credit rating. The concern that Fitch outlined was that it was evident that Britain’s...
The U.S Dollar bounced off a 15-month low yesterday and the EUR dipped below $1.50 as investors paused to assess whether the global outlook justifies a recent rally in higher-yielding currencies and assets. The British Pound in...
EUR/USD Open 1.4999 High 1.5018 Low 1.4942 Close 1.4987 Euro/Dollar traded hesitantly on Tuesday. On the 3 hour chart the unconvincing break of the 1.4655 support led quotes upwards even over the Bollinger band, indicating a potential...
Forexpros Daily Analysis Nov 10, 2009 Traders await the release of the Bank of England’s (BOE) Quarterly Inflation Report tomorrow (NOV 10th). The report sets out a detailed economic analysis and inflation projection on which the Bank’s...
USD/JPY Open 89.95 High 90.23 Low 89.68 Close 89.96 On Monday Dollar/Yen was trading quietly after the sharp fall on Friday. On the 1 hour chart the important key support 89.55 was broken downward at the beginning...
GBP/USD Open 1.6775 High 1.6843 Low 1.6475 Close 1.6757 On Monday Pound/Dollar also climbed from 1.6617 to the 1.6843 top, closing the day at 1.6757. Today, however, the Cable deeply corrected, swallowing all yesterday’s rise. If Sterling...
USD The G20 met on Monday and pledged to keep emergency stimulus spending in place until a global recovery is assured. This moved investors out of the US Dollar and into the higher yielding currencies as...
The Dollar is expected to be the driver of the forex market today. This is following yesterday’s bearish session for the U.S. currency. Traders will be very mush focused on Federal Reserve Bank of Atlanta President and...
EUR/USD Open 1.5002 High 1.5015 Low 1.4850 Close 1.4996 On Monday Euro/Dollar failed to continue the downward movement, climbed from 1.4850 to the 1.5015 top, closing the day at 1.4996. The economic recovery seems to point the...
USD The US unemployment situation worsened to levels unseen since 1983 prompting many traders and investors to seek safe-haven shelter in the Dollar. The number of unemployed Americans rose to 10.2%, a .3% increase from expectations...
