Month: February 2010

Rumors of another possible downgrade of Greece by Standard & Poor convinced traders to sell the EUR in favor of higher yielding currencies like the Yen, as well as the EUR’s traditional rival, the USD. But the...

GBP/USD – 1.5365.. Although sterling is enjoying a short period of respite in Asia after y’day’s sharp descent to an 8-month low of 1.5187 (NY) n managed a short-covering rebound in tandem with euro to 1.5295 in...

EUR/USD – 1.3580.. The fact that euro was able to stage a strg rebound y’day after trading just abv last Friday’s 1.3443 low suggests the resolve of certain key player(s) was strg enough to defend this lvl...

Market Review – 25/02/2010 21:54GMT Dollar falls on Greece and poor U.S. jobs data Versus the Japanese yen, although the dollar reached an intra-day high of 90.33 in Australia, the pair then retreated and fell further due...

ForexPros Daily Analysis February 25, 2010 Fundamental Analysis: Existing Home Sales Traders of the US anticipate the publication of the Existing Home Sales report. It measures the annualized number of existing residential buildings that were sold during...

Past events: • USD New Home Sales out at 309K, versus expected 354K, prior 348K• EUR Industrial New order m/m out at 0.8% versus expected -1.1%, prior 2.7%• AUD Private Capital Expenditure q/q out 5.5% versus expected...

The U.S. Unemployment Claims is the primary publication today that is set to determine the level of the USD when it is released at 13:30 GMT. The other main releases that are set to dominate forex trading,...