The Dollar strengthened versus the EUR following a decline in stock markets, poor U.S economic data and an unexpectedly dour outlook from the Bank of Canada. Concerns about the strength of U.S. corporate earnings and the strength...
by Johan Kriek (
[email protected]) Key event for today: 08:30 GMT – BoE releases October meeting minutes Probability Studies:
EUR/USD Open 1.4932 High 1.4993 Low 1.4887 Close 1.4941 On Monday Euro/Dollar corrected down to the 1.4887 level, where the correctional movement was limited, closing the day at 1.4941. Expectation are bullish in the medium term, but...
The forex market awaits crucial U.S. data today in the PPI and Building Permits figures at 12:30 GMT. These publications are set to drive the pace of the forex market throughout the trading day. It is also...
USD/JPY Open 90.66 High 91.13 Low 90.08 Close 90.52 On Monday Dollar/Yen made a significant descending movement from. The currency couple decreased from the 91.13 top down to 90.39, closing the day at 90.52. Immediate resistance is...
Forexpros Daily Analysis Oct 20, 2009 Tomorrow (Oct 21) The Bank of England's (BOE) Monetary Policy Committee (MPC) will publish its record of the committee's interest rate meeting held two weeks ago. The meeting gives a picture...
GBP/USD Open 1.6397 High 1.6446 Low 1.6251 Close 1.6417 On Monday Pound/Dollar descended down to the 1.6251 bottom, from where the cable started climbing up to 1.6436, closing the day at 1.6417. This morning ascending continued to...
by Johan Kriek (
[email protected]) Key events: – US inflation figures in the form op PPI at 12:30GMT Key notes: – Price is consolidating across the board. If you are patient enough to wait for those breakouts you...
Forexpros Daily Analysis Oct 19, 2009 — Traders await the Bank of Canada’s (BOC) decision on short term interest rate which will be announced tomorrow (Tuesday, 20/10). The decision on where to set interest rates depends mostly...
Following a week that predominately delivered remarkable record highs for gold, in addition to new lows for the Dollar; the main question is whether this trend will extend. Perhaps not and we’ll witness a change in trends...
