Investors will wait for PMI construction, mortgage approvals, and M4 money supply from the UK as of 08:30 GMT. The data may have impact on the pound’s movements versus the dollar after the drop in PMI manufacturing...
The Swiss economy lacks fundamentals today, thus main highlight will be on US data. At 12:15 GMT then 14:00 GMT, the U.S economy is set to release ADP employment change where it is expected to decrease to...
The EUR/USD was under negative pressure on Tuesday and moved south most of the day on a stronger dollar amid risk aversion and rising debt woes in the euro area.
Market Review – 03/05/2011 20:02 GMT Euro little changed against the dollar after Portugal reached an agreement with EU and IMF Euro showed little reaction against the dollar on Tuesday after Portugal reached an agreement with European...
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The Japanese yen rose against most of its major counterparts, as investors increased demand for the safe heaven currencies after fears spread over the FOREX market regarding any retaliatory terrorist attacks by al Qaeda after the death...
This market is parabolic. The market had a weak day today, as the trend is having a hard time finding more buyers at these lofty levels. To say that this market could pullback is stating the obvious,...
AUD/JPY Time: 22.20 Rate: 89.00 Strategy: long/short Daily time frame
The USD/CHF retested the lows today, bounced, and then promptly fell back to where it started. This only shows how much this pair is being sold off at the moment. Because of this, we cannot recommend buying...
UKwill release PMI manufacturing for April with expectations showing a decline to 57.0 from 57.1. An improvement in PMI manufacturing is expected to push the pair up as it will provide clues that the British economy is...
