ForexPros Daily Analysis January 21, 2010 Fundamental Analysis: Retail Sales (MoM) Traders anticipate the publication of the UK Retail Sales on Friday (January 22). It is a monthly measurement of all goods sold by retailers based on...
GBP/USD Open 1.6299 High 1.6392 Low 1.6200 Close 1.6290Pound/Dollar lost all its gains from the first 2 days of the week, dropping from the 1.6438 top on the 15 minute chart. On Wednesday the descending movement continued...
MAJOR HEADLINES – PREVIOUS SESSION * US Dec. PPI out at +0.2%, 4.4% y/y vs. flat/+4.5% expected and 1.8%/2.4% prior resp. * US Dec. PPI ex-Food/Energy out at flat m/m, +0.9% y/y vs. 0.1%/1.0% expected and 0.5%/1.2%...
American and European stocks traded lower this week due to risk aversion among traders, and this has helped support the Dollar’s resurgence. With a EUR-heavy news day ahead of us, the USD may take a back-seat during...
EUR/USD Open 1.4110 High 1.4304 Low 1.4074 Close 1.4104Euro/Dollar declined below 1.4255, which led to further sharp decreasing down to 1.4084 on Wednesday, caused by increased concerns that the crisis in Greece will reflect the other members...
You see that the EUR/USD was moving up strongly, so you bought this pair on the last pullback.
ForexPros Daily Analysis January 20, 2010 Fundamental Analysis: Initial Jobless Claims Traders anticipate the publication tomorrow (21 January) of the Initial Jobless Claims. It is a measure of the number of people who file for unemployment benefits...
USD/JPY Open 91.17 High 91.05 Low 90.35 Close 91.13The declining of Dollar/Yen on Tuesday was stopped by the 90.35 support, from where the currency couple bounced upwards, and climbed to the 91.25 level, closing the day at...
GBP/USD Open 1.6359 High 1.6437 Low 1.6229 Close 1.6360Pound/Dollar rose on Tuesday to the 1.6443 top, from where the Bullish currency started weakening like the Euro, down to 1.6315, closing the day at 1.6360. After giving some...
MAJOR HEADLINES – PREVIOUS SESSION * CA Dec. leading Indicators out at +1.5% m/m vs. +1.0% expected and +1.3% prior * CA BOC leaves interest rates unchanged at 0.25% * US Jan. NAHB Housing Index out at...
