Forex News-Gbp/usd – 1.5385 …The British pound extended recent decline to 1.5345 after the release of much weaker-than-expected U.K. January retail sales data which came in at -1.8% m/m n 0.9% y/y versus the economists’ forecast of...
GBP/USD Open 1.5431 High 1.5817 Low 1.5370 Close 1.5528Pound/Dollar continued decreasing yesterday on bad UK’s public financial data and US economic improvement. The Cable dropped from 1.5687 to 1.5414, closing the day at 1.5528. Expectation today are...
Fundamental Analysis Next to technical analysis, fundamental analysis is what most traders will look to for their trading analysis.
The Dollar surged in value versus the euro after the Federal Reserve surprised the forex market late yesterday by raising a key interest rate. This may be the first stage in rolling back its stimulus packages enacted...
EUR/USD Open 1.3468 High 1.3645 Low 1.3449 Close 1.3526The significant rise of Euro/Dollar at the beginning of this week is considered as correctional movement of the main bearish channel formed on the 3 hour chart. On Thursday...
The CPI is the most widely used measure of inflation and is sometimes viewed as an indicator of the effectiveness of government economic policy. It provides information about price changes in the nation’s economy charged to government,...
Geo-Political events can have a notable effect on the FX market. The other fundamental announcements that we have discussed previously could all fall under the heading of “scheduled events”. Each of them has a date on the...
Every trader knows (or should know) the impact of economic numbers on the market. Economists gather and announce their estimates on what the numbers should be to the press. If the estimates are in-line with the actual...
In this lesson we will go over the various types of charts that are available to traders to conduct technical analysis of a currency pair.
Update Time: 18 Feb 2010 23:51GMT INTRA-DAY GBP/USD OUTLOOK – +1.5440+ Cable has tumbled in tandem with euro due todlr’s broad-based rally after Fed’s surprise 0.25%discount rate hike n expect 1.5535 (prev. low) tocap recovery, bring further...
