The U.S. Dollar and Yen firmed against most major counterparts on Monday as investors trimmed stretched risk positions in higher-yielding currencies. The safe heaven currencies were bolstered by continuing investor concerns over mounting fiscal problems in Euro-zone...
EUR/USD Open 1.3557 High 1.3665 Low 1.3470 Close 1.3561Euro/Dollar started this week with a decrease from the upper limit of the descending channel on the 1 hour chart at 1.3665, to 1.3470, closing the day at 1.3561.Our...
Market Review – 01/03/2010 22:56GMT Sterling tumbles against dollar on political woes The single currency declined against the U.S. dollar on Monday, led by a sharp sell-off in pound and lingering uncertainty over a bailout for Greece....
ForexPros Daily Analysis March 1, 2010 Fundamental Analysis: Existing Home Sales Traders of North America anticipate the decision of the Bank of Canada (BOC) on short term interest rate. The decision on where to set interest rates...
GBP/USD Open 1.5182 High 1.5315 Low 1.5097 Close 1.5232Pound/Dollar continues to drop convincingly, forming sharp downward channel on the 3 hour chart. After correcting up to 1.5316 on Friday, depreciation went on down to 1.5161, closing the...
Market Notes: Fitch’s downgrade Greece’s four largest banks from BBB+ to BBB. Moreover, the ratings outlook is negative, which points to the risk of further downgrades ahead.
Past Events: • USD Prelim GDP q/q out at 5.9%, versus expected 5.6%, prior 5.7%• USD Existing Home Sales out at 5.05M, versus expected 5.51M, prior 5.44M• GBP Nationwide HPI m/m out at -1.0%, versus expected 0.4%,...
After a week which was mostly characterized with the halt of the Dollar’s bullish trend, a hefty news week is impending. Australia, Canada, Great Britain and the Euro-Zone will all publish their monthly Interest Rates desiccations. And...
EUR/USD Open 1.3643 High 1.3673 Low 1.3558 Close 1.3623Euro/Dollar appreciated at the end of last week, as Dollar index decreased, and crude oil and gold registered growth. On the 3 hour chart the Euro is adjusting sharply...
Market Review – 27/02/2010 01:53GMT Dollar falls vs euro & yen after weak U.S. home sales and Greek aid Euro maintained a firm footing on Friday in Asia and European morning following its previous day’s rebound, however,...
