Recent developments in Egypt are having a significant impact on commodities and the major currencies. Just before the weekend, when protests in Egypt began escalating, crude prices jumped 500 pips to $90.80 a barrel. In addition, safe-haven...
Market Review – 29/01/2011 01:13 GMT The greenback and Swiss franc strengthen on Friday as Egypt turmoil increases safe-haven demand The greenback rose broadly, except versus Japanese yen and Swiss franc on Friday as unrest in Egypt...
4-hour timeframeTechnical data:Head channel of the linear regression: direction –upLow channel of the linear regression: direction – downMoving average (20; smoothed) – downCCI: -86.1244
Yesterday’s most significant economic news was clearly the S&P’s announcement that Japan’s credit ratings will be downgraded from AA- to AA. The Japanese yen saw sharp falls against all the major currencies in response. In addition, disappointing...
Market Review – 27/01/2011 23:25 GMT Yen tumbles across the board as S&P cuts Japanese debt rating The Japanese yen sank against its counterparts on Thursday as the credit ratings agency Standard & Poor lowered Japan’s debt...
FOMC meeting decision. Asian and European trading sessions:
The EUR/USD pair is once again floating around the 1.3700 level, as analysts are predicting yet another bearish day for the greenback. A batch of data is expected to show declines in the production, employment and home...
Market Review – 26/01/2011 23:38 GMT Euro trades near fresh two-month high as Fed gives less upbeat U.S. outlook The single currency climbed to a fresh 2-month high of 1.3723 against the dollar in European morning on...
Risk appetite is suppressed. Asian and European trading sessions: Euro: On Tuesday the EUR/USD pair traded at the $1,3690 level during the Asian trading session. Minimums were reached at the $1.3578 mark. British Pound: Today the sterling...
After a 0.5% decline in the quarterly Prelim GDP report from the UK, the pound experienced a strong bearish session, falling greatly against all of its currency counterparts. The news trickled into European trading by holding the...
