Sterling traded in a calm range on Tuesday without any major economic data coming forth. Today will remain quiet from the U.K., but this will change tomorrow when the BoE will release their monthly monetary policy decision.
As Asian bourses moved lower yet again, the JPY continued to find momentum and gain on the USD. The Japanese economy remains mired in troubled waters, but this has not stopped investors from using the Yen as...
EUR/USD The EUR/USD hovered around seven-week highs this morning against the greenback as traders cut long positions in the Dollar amid rising concerns for the U.S. economic recovery.
GBP/USD Open 1.5139 High 1.5226 Low 1.5081 Close 1.5148 On Tuesday Pound/Dollar was trading upwards, not matching the negative Interbank sentiment at nearly -1%. The Cable appreciated from 1.5081 to 1.5226 yesterday, closing the day at 1.5148....
EURUSDThe pair was able to surpass 1.2600 to achieve its highest level yesterday around 1.2660, but due to the negative pressure on the pair to attempt some bearish correction; therefore we can expect to build a base...
Crude inclined, touching 50% Fibonacci correctional level that has turned into resistance after it has previously been breached, but will lead to a quick descend to trade once again within the mentioned bearish channel in yesterday’s reports below 61.8% Fibonacci.
The EUR/USD pair continued last week rally during Tuesday trading session, which was the first trading day in the U.S. during this short trading week. The strength of the Euro came along with the Non Manufacturing Purchasing...
EUR/USD Open 1.2615 High 1.2658 Low 1.2569 Close 1.2624 On Tuesday Euro/Dollar increased insignificantly. The European currency appreciated from 1.2569 to 1.2658 yesterday, in line the Interbank sentiment projection, at around +4%, closing the day at 1.2624....
Most traders have some currency pairs that they like to trade. Perhaps it is because a certain pair gave them their first winning trade or because of where they once vacationed.
Market Review – 06/07/2010 22:12 GMTEuro rises to a six week high on weak U.S. ISM non-manufacturing dataAlthough the single currency fell briefly below Monday’s low of 1.2510 to 1.2479 fm 1.2545 in Asian morning, euro erased...
