The EUR advanced on the U.S dollar Wednesday, but failed to reach the $1.50 mark as investors zeroed in on a Fed official’s comment suggesting key interest rates could remain low until 2012. Federal Reserve officials were...
GBP The British Pound Sterling fell broadly on Wednesday after minutes of the Bank of England’s November 5th meeting were release showing a stark difference of opinion on their quantitative easing policy. Analysts assumed that the BOE’s...
EUR/USD Open 1.4953 High 1.4989 Low 1.4869 Close 1.4960On Wednesday Euro/Dollar traded hesitantly, still inclining upwards. After Bernanke’s pessimistic speech about the economy economic recovery on Tuesday, which weakened the Euro, as seen on the 3 hour...
Forexpros Daily Analysis Nov. 18, 2009 — Fundamental Analysis, UK The UK National Statistics Bureau will publish the monthly Retail Sales measurement Tomorrow (Nov 19). Retail Sales are a measurement of all goods sold by retailers based...
USD/JPY Open 89.25 High 89.50 Low 88.77 Close 89.23After breaking down the 89.40 support level, Dollar/Yen continued its bearish movement on Tuesday, reaching a bottom at 88.77 and closing the day at 89.23. Our expectations are for...
USD/JPY: The Yen has lost ground to every other currency in the G-10 except the Dollar, since March of 2009. The BOJ has always favored a weak currency as it supports their large export business which accounts...
The Dollar gained little ground today as it advanced versus its G-10 rivals. DXY support at 74.90 held firmly again today as the index gained before closing at the 75.303 handle. The EUR was pushed lower as...
by Johan Kriek (jkriek@fxinstructor.com) Just a quick observation from my side of the universe. Remember the huge falling wedge on the Dollar Index daily chart?
GBP/USD Open 1.6813 High 1.6868 Low 1.6757 Close 1.6810 On Tuesday Pound/Dollar traded hesitantly, reaching a top at 1.6868, than dropping down to the 1.6757, closing the day at 1.6810. Our expectations remain bullish in the short...
Comments by Fed Chairman Ben Bernanke surprised many investors as he joined the rallying cry for a stronger Dollar, which may lead to strength for the USD in the days ahead. On the other hand, the USD...
