GBP/USD 1.5534 – 23 February 2010

by | February 23, 2010 9:03 am
GBP/USD Open 1.5502 High 1.5573 Low 1.5436 Close 1.5479Pound/Dollar traded quietly on Monday due to lack economic data, closing the day at 1.5479. Today the Cable started rising, testing the upper limit of the bearish channel at...

EUR/USD 1.3636 – 23 February 2010

by | February 23, 2010 6:00 am
EUR/USD Open 1.3602 High 1.3653 Low 1.3575 Close 1.3596The downward channel of Euro/Dollar on the 3 hour chart is losing strength for the last 2 weeks because of the strong upward corrections, last one of which was...

U.S Dollar Up ahead of Bernanke Testimony

by | February 23, 2010 5:58 am
The U.S. Dollar briefly stayed higher versus the EUR on Monday and near an 8-month high versus other major currencies as traders await Fed Chairman Ben Bernanke’s testimony on Wednesday and Thursday that would set the tone...

Daily Market Outlook by AceTrader

by | February 23, 2010 2:28 am
Dollar falls against yen on U.S. rates outlook-22/02/2010 22:47GMT Versus the Japanese yen, the greenback rebounded to an intra-day high of 91.90 after Friday’s decline on the support from huge Japanese Investment trust (‘Toushin’) demand (250 billion...

USD/JPY 91.50 – 22 February 2010

by | February 22, 2010 11:01 am
USD/JPY Open 91.64 High 92.09 Low 90.16 Close 91.46After rising for 2 weeks starting on 4 February, Dollar/Yen traded quietly on Friday, closing the week at 91.46. As there ate no economic major events for Japan and... Daily Analysis – 22/02/2010

by | February 22, 2010 10:16 am
ForexPros Daily Analysis February 22, 2010 Fundamental Analysis: German Ifo Business Climate Index European traders look forward to the publication of the German Ifo Business Climate Index. The German Information and Foschung (Ifo) Business Climate Index determines...

GBP/USD 1.5502 – 22 February 2010

by | February 22, 2010 9:22 am
GBP/USD Open 1.5461 High 1.5817 Low 1.5370 Close 1.5466Pound/Dollar tried to continue decreasing on Friday down to 1.5356, from where the currency couple bounced up, closing the week at 1.5466. On the 3 hour chart we still...

Trends for Today 22/02/2010

by | February 22, 2010 8:47 am
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.

Daily Forex Analysis by 22/02/2010

by | February 22, 2010 8:42 am
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?

by | February 22, 2010 6:59 am
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...