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...
06/22/2011 22:27 UTC EUR swings lower as it weakens against the USD, JPY, CHF, NZD and CAD. Recent mid-term strength indicator reading for EUR is 3 out of 8, thus suggesting that the current swing may be...
06/22/2011 19:57 UTC AUD swings lower as it weakens against the USD, NZD, CAD, CHF and GBP. Recent mid-term strength indicator reading for AUD is 2 out of 8, thus suggesting that the current swing may be...
Negative EU and UK statistics pressured the euro and pound.
