Market Review – 18/02/2010 22:52GMT Dollar rallies as Fed raises discount rate The dollar surged against its counterparts as the Federal Reserve increased the discount rate for banks for the first time in 3 years to 0.75...
USD/JPY Open 91.07 High 91.38 Low 90.16 Close 91.24Dollar/Yen made a significant rise on Thursday from 90.16 to 91.38, breaking the upper limit of the downward channel, formed on the 3 hour chart, and closing the day...
ForexPros Daily Analysis February 18, 2010 Fundamental Analysis: US CPI (MoM) Traders of the US look forward to the publication of the Consumer Price Index (CPI). The index measures the changes in the price of goods and...
Market Notes: The BOJ meeting has left the interest rates unchanged at 0.1%. The economic recovery estimation has left unchanged and is expected to remain moderate until mid-2010/11.
Past events: • GBP Claimant Count Change out at 23.5K versus expected -14.6K, previous -9.6K• USD Building Permits out at 0.62M versus expected 0.63M, prior 0.65M• JPY Overnight Call Rate out at 0.1% versus expected 0.1%, prior...
GBP/USD Open 1.5682 High 1.5817 Low 1.5631 Close 1.5672Pound/Dollar also lost all gains from the beginning of the week, when on Wednesday the Cable dropped from 1.5815 to 1.5665, closing the day at 1.5672. Expectation today are...
The Forex market awaits crucial U.S. data today in the PPI and Unemployment Claims figures at 13:30 GMT. These publications are set to drive the pace of the forex market throughout the trading day. Forex traders are...
EUR/USD Open 1.3610 High 1.3788 Low 1.3558 Close 1.3602After the significant rise at the beginning of the week, on Wednesday Euro/Dollar dropped significantly from 1.3788 to 1.3590 as FED favoured increase of interest rates, and Greece have...
You may have heard the expression “the trend is your friend”. Well, that could not be more true when it comes to trading. Being able to identify the trend on a currency pair — the direction in...
Multiple Time Frame Analysis is the practice of analyzing a currency pair by looking at the same pair through several different time frames on charts. The advantage here is that by looking at a larger time frame,...
