Trends for Today 22/02/2010
Market Notes: Economists warned that Britain’s public finances may end this year in a worse state than those of Greece, raising serious fears over the economic stability of the country.
Month: February 2010
Daily Forex Analysis by Finexo.com 22/02/2010
The Fed Hikes discount rates by 0.25% to 0.75% Past events: • USD Core CPI m/m out at -0.1%, versus expected 0.2%, prior 0.1%• USD CPI m/m out at 0.2%, versus expected 0.3%, prior 0.1%• CAD Core...
Will the Euro Continue to Recover?
Last week’s trading was mostly characterized by the sharp change of trends in the market. The most notable trend reversal was of the Euro, which dropped during the beginning of the week, just to bounce back later...
EUR/USD 1.3640 – 22 February 2010
EUR/USD Open 1.3626 High 1.3645 Low 1.3449 Close 1.3607Euro/Dollar continued decreasing after the FED hiked interest rates down to 0.75% last week. On Friday the currency dropped to 1.3456 bottom on the GDP data, from where is...
GBP/USD Market Moving News by AceTrader
GBP/USD – 1.5480.. The British pound is enjoying a period of respite after Friday’s selloff to 1.5345 n intra-day rise in euro helped pushing price to 1.5490 in Australia but sellers emerged n knocked cable briefly to...
Daily Market Outlook by AceTrader
Euro rebounds in New York after initial fall in Australia following surprise Fed’s discount rate hike- 20/02/2010 01:49GMT The single currency fell to a 9-month low of 1.3443 against the greenback in Australia following the surprise after-market...
Reading a Forex Quote
Quoting Convention Quotes in the currency market can be a bit confusing because any position you take in the market is actually two different positions.
Forex Market Hours
Given the global nature of currency trading, the market is open for business around the clock, 24 hours a day. It is important for the trader to know the times when the major markets are active and...
Trade Flows and Capital Flows
Trade Balance The Trade Balance figure is a measure of net exports minus net imports. This has tended to be negative in the US in recent years as the US has primarily been a “consuming” nation. A...
USDCAD Analysis – February 20, 2010
USDCAD formed a cycle top at 1.0779 level on daily chart. Moving sideways without trend in a range between 1.0206 and 1.0852 is expected in next several weeks. Target for next week would be at 1.0250-1.0350 area.