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EARNINGS REPORT WILL DICTATE FOREX PRICE MOVEMENT
July 28, 2010[Story ID: 5579]
After a good run of better than expected eurozone data and a shift in risk trends in the financial markets the EUR/USD traded at an 11 week high overnight to touch $1.3004 – a key target point for speculators. It is clear that investors are turning their attention away from Euro-zone soveriegn [...] -
Oil prices below $80 as demand sluggish
July 27, 2010[Story ID: 5534]
Oil prices are hovering just below $80 per barrel, at around $79 for September crude delivery in Tuesday’ -
STERLING TESTS UPPER RESISTANCE AT 1.5577
July 27, 2010[Story ID: 5535]
The Pound has seen good price movement against the lower-yielding currencies like the Dollar and the Yen today, as the FTSE 350 Banks Index gained and the UK currency also withstood a cut in the UK economic growth forecast from the Ernst & Young LLP Item Club. There have been some suggestions that [...] -
CABLE BREAKS RESISTANCE TO REACH A 12 WEEK HIGH
July 26, 2010[Story ID: 5491]
As it turned out Friday’ -
Gold prices remain below $1,200
July 24, 2010[Story ID: 5426]
The price of gold remains flat below $1,200 and not much above its 60-day low of $1,180 in mid-morning New York trade. The current gold price spot rate in New York is $1,190.70 per ounce after a closing price of $1,194.50 on July 22nd.
Though not far removed from its mid-June all time [...] -
MARKET SENTIMENT TURNS NEGATIVE ON BERNANKE COMMENTS
July 22, 2010[Story ID: 5383]
On Monday, Federal Reserve Chairman Ben Bernanke, delivered the Monetary Policy Report to Congress. The highlight of the report was the Chariman’ -
STERLING EXTENDS ITS DECLINE AGAINST THE MAJORS
July 20, 2010[Story ID: 5296]
The British Pound extended the decline from the previous day and slipped to a low of 1.5174 during the European trade as the economic docket reinforced a weakened outlook for the U.K., and the exchange rate may continue to trend lower going into the North American session as investors hold a cautious outlook [...] -
STERLING CONTINUES TO LOSE GROUND AGAINST THE EURO
July 19, 2010[Story ID: 5254]
Sterling ended last week on a weaker note with profit taking after recent strong gains against the dollar but also dropping back against the euro, which at last managed to maintain a breach of the stg84p level. News overnight of a 0.6% in Rightmove house prices has had little impact. While there is [...] -
Euro soars past $1.30
July 17, 2010[Story ID: 5231]
The Euro continues its remarkable rebound against the dollar following a long-term low of $1.1876 in early June. Since that point, the Euro has bounced nearly 11 pips in about six weeks to a current rate of $1.2935.
One Euro actually traded as high as $1.3009 in late European trade before opening in [...]