The U.S. Dollar firmed against most major counterparts, with the gains especially strong against the EUR, amid continued worry about Greek debt and further signs that Germany’s economic recovery may be losing momentum.
EUR/USD Open 1.4281 High 1.4412 Low 1.4166 Close 1.4287On Tuesday Euro/Dollar volatility increased, as the currency couple started dropping from the 1.4412 top to 1.4257, closing the day at 1.4287. The bearish movement of the currency couple...
USD/JPY Open 90.72 High 91.05 Low 90.35 Close 90.76Dollar/Yen climbed on Monday to the 91.05 top, where the ascending momentum was limited, and the currency couple continued dropping down to 90.58, closing the day at 90.76. On...
Market Notes: Busy fundamental days we have in front of us. Watch the BOC rate statement and the US Long-Term Purchases at 14:00 GMT.GBP rises on Kraft’s takeover of Cadbury deal.
ForexPros Daily Analysis January 19, 2010 Fundamental Analysis: Core CPI (MoM) Traders look forward to the publication of the Canadian Core Consumer Price Index (CPI) which will be released tomorrow (January 20). The CPI measures the changes...
JPYYen was further down today, as pairs were focused on the JAL’s expected bankruptcy announcement (0800GMT).The Dollar continued it’s gain as investors are rallying their speculation that the company will file for bankruptcy resulting in more data...
GBP/USD Open 1.6345 High 1.6437 Low 1.6229 Close 1.6344Pound/Dollar continued rising on Monday, reaching the key 1.6400 resistance, and closing the day at 1.6344. Cable’s appreciation continued today, overcoming the above resistance. During the European session we...
Following a report that U.S. based Kraft Foods Inc. may be merging with British incorporated Cadbury, the Pound saw major gains across the market spectrum. The Euro dropped to a four month low against Sterling, while GBP...
EUR/USD Open 1.4398 High 1.4507 Low 1.4335 Close 1.4381Euro/Dollar traded within a tight range on Monday. The downward trend in favor of the Dollar, however, was limited at the 1.4335 support level, from where the European currency...
ForexPros Daily Analysis January 18, 2010 Fundamental Analysis: Interest Rate Decision Traders are looking forward to the publication tomorrow (January 19), of the Bank of Canada, regarding short term interest rate. The decision on where to set...
