The USD bounced back in value on Wednesday as the broad markets remained cautious particularly without much economic data on the calendar. The greenback pushed the EUR and GBP back to lower realms and is now near...
The EUR lost ground to the USD as it range traded back to the lower realms of it short term value. There was no major economic data from the continent yesterday and today only the German PPI...
The Sterling traded lower against the USD on Wednesday. The U.K. will release Retail Sales, Preliminary Mortgage Approvals, and Public Sector Net Borrowing numbers today. The Retail Sales and Mortgage Approval figures will be watched closely.
The JPY traded slightly weaker against the USD as Asian bourses gained. The move by the Yen however was not monumental and the Japanese currency continues to find plenty of safe haven backers. The AUD did lose...
After tumbling in afternoon trading yesterday, the EUR/USD continued to drop in overnight trading, reaching as low as 1.2780. Analysts attribute the drop to the euro’s inability to stay above the psychologically significant level of 1.2900. Today,...
Market Review – 18/08/2010 22:52 GMTCable rises after the release of BOE’s minutesThe British pound strengthened against dollar on Wednesday as minutes from the BOE painted a brighter economic picture than expected and dashed market speculation over...
Support levels: 1.0300, 1.0250, 1.0200Resistance levels: 1.0500, 1.0586, 1.0650On a 4-hour chart, the USD/CAD currency pair is pulling back further from the upper limit of the downward channel, and now, it is forming “Flag” probably. It is...
ForexPros Daily Analysis August 18, 2010 Fundamental Analysis: MPC Meeting Minutes Initial Jobless Claims The Initial Jobless Claims is a seasonally adjusted measure of the number ofpeople who file for unemployment benefits for the first time during...
After the bold attempt to breach the main support for the general upside wave on July 28, trading returned to trade to the upside supported by the formation of a falling wedge where gold breached its resistance...
The JPY is oft seen as the recent barometer for risk aversion. Historically speaking the Bank of Japan (BOJ) prefers a weak JPY as Japan relies heavily on exports to support their GDP growth. The BOJ is...
