Dramatic drop of the pound. Asian and European trading sessions: Euro: During the morning trading the euro was supported by the strengthened market participant’s hope for the positive outcome of the Greek external debt problems. Therefore, the...
Normal 0 false false false EN-US X-NONE HE GBP-CHF Time: 19:20 rate: 1.3468 Strategy: Short Daily chart The price had broken the support level of 1.3670, and is next target is 1.3328.
Wall Street finished in green territory Tuesday, as investors took advantage of the past month’s pullback to buy shares in cyclical stocks on growing confidence that Greece’s government will avoid a sovereign-debt default. The Dow Jones Industrial...
The Fed produced little in the way of surprises last night. Essentially Ben Bernanke highlighted what was known already. The American economy has hit a soft spot, its growth outlook has been tamed, and inflation remains a...
US housing data beat expectations yesterday, as the Office of Federal Housing Enterprise Oversight (OFHEO) released an assessment showing homes that were mortgaged by Fannie Mae and Freddie Mac saw a rise in value of approximately 0.8%...
Greetings. Let’s take a look at the EUR/GBP. We have broken the upper trend line channel and it looks like the pair will be potentially pushing up from this point.
Please find hereafter our daily update on the majors as of June 23rd 2011 (05:15 GMT). (Click on the dedicated link to access our forum post with the chart).
The USD Dollar appreciates across the board, especially against the Cable wherein the Greenback appreciated by more than 150 pips; against the Euro, Aussie Dollar and the Swiss Franc, the USD appreciated marginally. Profit taking witnessed in...
06/23/2011 00:49 UTC USD swings higher as it strengthens against the EUR, GBP, JPY, CHF and AUD. Recent mid-term strength indicator reading for USD is 5 out of 8, thus suggesting that the current swing may be...
Market Review – 22/06/2011 21:36 GMT The greenback rises after Fed Chairman Bernanke’s post-FOMC press conference The greenback strengthened against its major counterparts after Federal Reserve Chairman Ben Bernanke quashed market’s speculation on another round of quantitative...
