Market Notes: Germany is considering loan guarantees for Greece and other troubled EMU members to prevent contagion to banks and other countries. However no decision has been made yet. The related discussion will be held behind closed...
The Euro made slight gains against its major counterparts in overnight trading today. Still, investors remain apprehensive about investing in the Euro, especially ahead of a key European Union meeting which could shed light on a possible...
EUR/USD Open 1.3750 High 1.3808 Low 1.3680 Close 1.3736Euro/Dollar is rising this week, reaching the psychological 1.3836 resistance level on Tuesday. Yesterday the currency couple pulled back down to 1.3680, from where started ascending, closing the day...
ForexPros Daily Analysis February 10, 2010 Fundamental Analysis: Initial Jobless Claims The traders of the US look forward to the publication of the Initial Jobless Claims tomorrow, January 11. The claims are a seasonally adjusted measure of...
GBP/USD Open 1.5690 High 1.5732 Low 1.5561 Close 1.5718Pound/Dollar is trading mostly upwards this week, as seen on the 15 minute chart, making a significant climb on Tuesday to the 1.5732 top, closing the day at 1.5718....
The Dollar continued to drop against the Euro yesterday, mainly due to speculations regarding a possible rescue plan for Greece. As a result, crude oil and precious metal rose as well. However, today at 15:00 GMT Fed...
EUR/USD Open 1.3780 High 1.3835 Low 1.3643 Close 1.3794Euro/Dollar is consolidating this week within the 1.3624 – 1.3835 range, after the huge descend last week. Yesterday the Euro rose to the 1.3835 top, closing the day at...
Market Review – 09/02/2010 22:48GMT Euro rallies on optimism due to possible European bailout for Greece Euro rose sharply against the dollar on speculation that European officials’ meeting on Thursday will agree to assist Greece in tackling...
USD/JPY Open 89.24 High 89.73 Low 89.12 Close 89.23Dollar/Yen is moving still within the well formed downward channel on the 1 hour chart. This week, the currency couple is trading hesitantly, testing the upper limit of the...
Market Notes: After ECB Chief Trichet surprising leaving a central bank conference in Australia early to attend and ECB meeting, the rumors on the forex market imply that the ECB will assist the Greece’s debt situation. The...
