Daily Forex
Next Entries »USD Slumps Floorlessly On Bear Stearn Woes
Friday, March 14th, 2008Bear Stearns pulls them all down today. The greenback, USD drops to a record 13 year low. Dollar acquires a new status, that is, parity with the swissy, USD/CHF, swiss franc and loonie, USD/CAN canadian dollar and on equity DOW falls by a further 194 points. What is going on? How will the economy recover? What is the USD, dollar’s worth right now on your travels? What impact does this have on the global economy in the long-term?
EUR/USD Create Double Tops For Morning Trades
Friday, March 14th, 2008EUR/USD has created double tops on the 15-mins analysis. But on the daily timeframe the EUR/USD chart shown a twizzer-tops from yesterday’s session. This is an indication of a possible reversal is very imminent. In the short-term, the bullish engulfing signal is proving irresistible. I am anticipating a sideway play between 1.5550/5650 today unless something happens.
Sterling: UK Budget Derails Bounce On Yen - 500+ Pips Slide
Thursday, March 13th, 2008Sterling-Yen, GBP/JPY - one of the most volatile crosses in the forex trading calendar has seen a huge slide from yesterday’s Asian Market high of 207.98 to 202.96. This south-bound train was significantly aided by forex traders’ perception of UK Budget sematics.
GBP/JPY Slides 160pips On UK GDP Reports
Wednesday, February 27th, 2008Pound-yen, GBP/JPY came down 160 pips on news GBP-JPY chart - Feb. 27, 2008of the UK Gross Domestic Product (GDP) report. The report came in at 0.6% this morning.
Euro and Sterling Took Flight On Rate Hike
Thursday, August 3rd, 2006The EUR/USD and Cable (GBP/USD) headed north today, Thursday on interest rate hike that took many by surprise after the European Central Bank and Bank of England both raised interest rates by 0.25 percentage. This was a move to tighten up control on inflation. The Bank of England surprised the markets with a quarter-point rate hike, taking interest rates to 4.75 percent to slowdown accelerated growth. The Euro zone to 3.0 percent also.
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