Global Equity Markets slumped on Tuesday as a wave of poor economic news and lowered rating caught the market off guard. In Japan, GDP printed less than forecasted, coming in at 1.3%. Fitch lowered its rating on...
GBP/USD: The Greenback continues to rally and we are approaching pivotal handles across the G-10. The GBP has been range bound since the end of May, so much so, that it is the worst performing currency against...
GBP/USD Open 1.6246 High 1.6476 Low 1.6167 Close 1.6284.Pound/Dollar extended its bearish movement on Tuesday, forming divergence on the daily chart. As seen in the 3 hour chart, after 2 higher and 2 lower tops, bulls have...
USD Taking the thunder from the recent USD rally, Federal Reserve Chairman, Benjamin Bernanke said that the US economy still faces a long and steep road to recovery, citing the 10% unemployment rate as the core proof....
The U.S. dollar rose on Tuesday to the highest level versus the EUR in 5 weeks and gained against other major currencies, as worries about high levels of debt in Greece and Dubai led investors to buy...
EUR/USD Open 1.4693 High 1.4863 Low 1.4670 Close 1.4700Euro/Dollar made a significant bearish movement on Tuesday, dropping below the 1.4700 support, reaching a bottom at 1.4670, and closing the day at 1.4700. The bullish scenario is certainly...
Forexpros Fundamental Weekly Outlook, Dec 08-Dec 11,2009 EU:• Monday: Euro-Zone Sentix Investor Confidence (Previous -7, Forecast N/A). Germany Factory Orders MoM (Previous 0.9%, Forecast 0.8%). & YoY (Previous -13.1%, Forecast -6.2%).• Tuesday: Bank of France Business Sentiment...
Forexpros Daily Analysis Dec 8, 2009 Fundamental Analysis: Interest Rate Decision The Reserve Bank of New Zealand (RBNZ) will release its decision on short term interest rate Tomorrow (Dec 9).
USD/JPY Open 89.36 High 90.50 Low 88.59 Close 89.48Dollar/Yen continued its bearish movement on Monday, as expected, from 90.50, reaching a bottom at 89.16, and closing the day at 89.48. Of the 1 hour chart the 89.72...
NZD/USD: We are not suggesting the Dollar bulls are running wild, however, every rally in hindsight has a defining moment. Every forex trader on the street is aware that when the Dollar bulls get set free they...
