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...
AUDUSD: The AUD is still trending up but with embedded high volatility. On its recent pullback it found support at it’s 200 day moving average which also coincided with trend line Support (see blue arrow). The 50...
The EUR rose against the US Dollar and came off 7-week lows against the Japanese Yen on Tuesday, helped by solid results of Irish and Spanish bond auctions which alleviated concerns about the heavily indebted Euro-Zone countries....
There will be very little data released today internationally. The U.S. will bring forth Crude Oil inventories and the U.K. will be publishing its MPC Meeting Minutes. The USD traded in a rather broad range against the...
Market Review – 17/08/2010 22:53 GMTEuro surges on solid demand at European debt auctionsEuro rose strongly across the board on Tuesday as solid Irish and Spanish bond auctions eased worries about the ability of peripheral eurozone countries...
ForexPros Daily Analysis August 17, 2010 Fundamental Analysis: MPC Meeting Minutes The Bank of England (BOE) Monetary Policy Committee (MPC) Meeting Minutesare a detailed record of the committee’s interest rate meeting held abouttwo weeks earlier.
