Forexpros Daily Analysis Jan 6, 2009 Fundamental Analysis: Interest Rate Decision The Bank of England (BOE) decision on short term interest rate is due to be published tomorrow (Jan 7). The decision on where to set interest...
GBP/USD Open 1.5991 High 1.6153 Low 1.5945 Close 1.5989Pound/Dollar attempt to make the rise yesterday, reaching a peak at 1.6153, where the increasing momentum was limited and the Cable started dropping down to 1.5966, closing the day...
USD The US Dollar recouped some of its losses from the previous session in Tuesday trading and was mixed overall. Traders were talking about the ADP jobs report which comes out on later on today and is...
Tuesday’s much worse than expected Pending Homes Sales release boosted the U.S. Dollar and the Yen as investors returned to the safety of the greenback and the Japanese currency. Both the Yen and Dollar reverted back to...
EUR/USD Open 1.4363 High 1.4483 Low 1.4269 Close 1.4364Euro/Dollar consolidated within the 1.4229 – 1.4580 range for the past 3 weeks, as seen on the 1 hour chart. We will be looking for a break out of...
USD/JPY Open 92.47 High 93.20 Low 91.63 Close 92.51Dollar/Yen started descending on Monday, after the strong ascending movement last week. After reaching the 93.21 peak yesterday, the currency couple dropped down to 92.24, closing the day at...
Market Notes: Despite risk appetite return, we saw the NZD and AUD started the day in the negative territory. However, for the last few hours it seems like “back to normal”, which means AUD and NZD continue...
Forexpros Daily Analysis Jan 5, 2009 Fundamental Analysis: FOMC Meeting Minutes Traders of the USD await the publication of the FOMC Meeting Minutes tomorrow (Jan 6).The Federal Open Market Committee (FOMC) Meeting Minutes are a detailed record...
GBP/USD Open 1.6115 High 1.6232 Low 1.6027 Close 1.6083Pound/Dollar traded hesitantly with high volatility on Monday, trading within the 1.6061 – 1.6231 range, still holding within the downward channel on the 3 hour chart, although quotes moved...
USD After beginning the first trading session of the new decade on a rally, the Dollar retreated in mid-day trading on Monday as investors began accumulating their annual portfolio’s opting for higher yielding currencies. Investors were also...
