The USD continued to trade in a rather well defined range on Thursday. The U.S. released weekly Unemployment Claims that came in a little better than expected, but quarterly earnings from corporate America disappointed investors and this...
After hitting a three month high against the U.S. dollar in trading yesterday, the euro took some slight losses last night, falling some 30 pips against the greenback. The overall trend for EUR/USD is still up, especially...
Market Review – 29/07/2010 22:56 GMTEuro surges above $1.3100 on upbeat European economic dataThe single currency broke above the $1.31 level for the first time since May as German unemployment decreased while European confidence in the economic...
ForexPros Daily Analysis July 29, 2010 Fundamental Analysis: GDP The Gross Domestic Product (GDP) is the broadest measure of economicactivity and is a key indicator for the economy’s health. The Annualized(quarterly change x4) percent changes in GDP...
GBP/USD Open 1.5599 High 1.5634 Low 1.5567 Close 1.5597 On Wednesday Pound/Dollar continued with slight ascending, in line with the positive Interbank sentiment at around +13%. The Cable appreciated from 1.5567 to 1.5634 yesterday, closing the day...
A day of range trading was experienced on Wednesday as the markets tried to interpret rather disappointing data and news from the States. Core Durable Goods turned in a disappointing drop of minus -0.6% compared to the...
Another day of rather tight range trading met the EUR on Wednesday. Cautious trading has been a highlight of the past two days. The German Prelim CPI numbers met expectations head on yesterday with a result of...
The Bank of England was in the spotlight yesterday as Governor Mervyn King and other members testified. The BoE warned that the risks to the economy remain tangible and that while it agrees on interest rate policy,...
The JPY moved in a consolidated manner versus the USD on Wednesday. This as Asian bourses mirrored their counterparts and struggled following the lackluster data from the States.
According to wave count this currency pair is developing a weekly wave up, which is labeled C (colored silver on the chart).
