Markets will approach the BoE’s rate decision to see the bank’s action in the month of May to see whether they will continue on holding both interest rate and APF unchanged at 0.50% and 200 billion pounds...
The Swiss economy lacks fundamentals today, thus main highlight will be on US data. At 12:30 GMT, the U.S economy will release initial jobless claims for the week ending April 30 and continuing claims for the week...
The USD/CAD pair rose on Wednesday where falling commodity prices including oil and gold weighed down on the Canadian dollar and pushed the USD/CAD pair to the upside, where despite the general weakness of the U.S. dollar,...
The EUR/USD regained the bullish momentum to move to the highest in 17 months on future monetary tightening and speculation ahead of Thursday rate decision.
The USD/CAD pair rose for the third day in a row, as the commodity markets fell hard yet again today. The Loonie is still favored over the Greenback, and this should only represent a selling opportunity, as...
The USD/JPY fell today, but managed a slight bounce from the 80.50 level, or half way through the massive support area represented by the 80-81 area. The pair needs to prove itself here, or the bulls will...
The GBP/USD fell today, bounced, and then fell again, only to end up relatively unchanged. The market looks weak still, as the bounce was the direction that was pushed back the furthest, and weakness could still be...
Today’s data releases out of Europe and the United Kingdom regarding short-term interest rates will likely be predominant in today’s market valuations and traders would be wise to keep an eye on policy statements. The buck is...
The Cable finds support at 1.6450 ranges after three days of correction; against rest of the FX pairs, the Green back traded in narrow range. The U.S Dollar seems to be oversold in short-term; short covering may...
Market Review – 04/05/2011 20:16 GMT Euro falls from a 17-month high as metal prices tumble Euro retreated strongly from a fresh 17-month high in New York morning as the selloff in U.S. stocks, precious metals and...
