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U.K. Pound Gets a Bump in Currency Trading
Wednesday, November 19th 2008 7:14
Sterling gains in forex tradingThe U.K. pound saw a bump in currency trading on the FX market following the news that the Bank of England may cut interest rates further. Additionally, the minutes...
Canadian Currency Continues Its Retreat in FX Trading
Wednesday, November 19th 2008 7:55
Loonie down in currency tradingThe Canadian currency continues to fall in FX trading as oil prices hurt the economy. The loonie relies on oil prices to support it in currency trading, and the support...
US Dow Jones Trades at Critical Support, Break Could Force US Dollar and Japanese Yen Strength
Tuesday, November 18th 2008 7:50
The US Dow Jones Industrials Average opened the day almost squarely at critical 10-year support levels, and a break lower could force immediate US Dollar...
Canadian Dollar Continues to Weaken in Forex Trading
Tuesday, November 18th 2008 7:47
Loonie declines in currency trading on the FX marketThe Canadian dollar continues to weaken in forex trading on the currency market. As global stocks decline in response to a worldwide recession, and...
Down Under Currencies Decline in FX Trading
Tuesday, November 18th 2008 7:56
Currency trading with the kiwi and the AussieIn currency trading, the kiwi and the Aussie are having trouble right now. The down under currencies are declining in FX trading as risk aversion remains...
Forex Market Update: US Dollar Firm in Asia as Equity Declines fueled Risk Aversion
Monday, November 17th 2008 22:28
The USD remains firm on risk aversion as falling Asian equities help support the strength in the buck. After the 223 pt fall in the DJIA, Asian stocks...
U.K. Rate Cut Expectations Send Sterling Lower in Forex Trading
Monday, November 17th 2008 7:16
U.K. pound drops in currency tradingAs one might expect, the U.K. pound continues to drop in currency trading on the FX market. Indeed, U.K. rate cut expectations are sending the sterling lower in...
GBP/USD: Strong recovery for the Pound
Monday, November 17th 2008 16:27
FXstreet.com (Barcelona) – The Cable has rallied today against the Dollar, and according to the ActionForex technical team consolidation in these levels is favoured: “GBP/USD's recovery from...
Euro Drops in Forex Trading
Friday, November 14th 2008 7:41
Currency trading with the euroThe euro is dropping in forex trading on the currency market as recession becomes a reality. Currency trading should consider that the euro zone economy is sliding into...
Canadian Dollar Struggles in Currency Trading
Friday, November 14th 2008 7:57
Loonie in forex tradingThe Canadian dollar continues to drop in currency trading on the FX market. Just a year ago, as the effects of the subprime lending crash became really apparent, the loonie was...
U.K. Pound Pares Some of Its Losses in Currency Trading
Friday, November 14th 2008 8:08
Sterling recovers slightly against euro in forex tradingThe U.K. pound is paring some of its losses in currency trading on the FX market today. The sterling is recovering slightly against the euro in...
British Pound Crosses Test Major Support
Thursday, November 13th 2008 15:14
The British Pound crosses have come into significant support. The GPBCHF is testing its all-time low.
Euro Tests 1.24 Then Jumps 400+ Points, German GDP Reflects Worst Recession Since 1996
Thursday, November 13th 2008 16:09
It was a volatile day of trading for the euro, as the currency slumped throughout the morning to test support at 1.2400 following the release of disappointing...
British Pound Experiences Heavy Volatility, May Still Face Downside Risks
Thursday, November 13th 2008 16:12
The British pound traded within a nearly 400 point trading range on Thursday, tumbling to test support at 1.46 before rebounding toward 1.49.
USD/CAD: Dollar rise extends further
Thursday, November 13th 2008 16:12
FXstreet.com (Barcelona) – The US Dollar has continued rallying against the Canadian Dollar, and according to the ActionForex Technical Team the bias remains on the Upside: “USD/CAD's rise from...
Yen Crosses Testing Support
Wednesday, November 12th 2008 16:34
The Yen crosses are testing support. Some pairs may be in ranges that will last weeks while others look determined to break support.
Down Under Currencies Drop in Forex Trading
Wednesday, November 12th 2008 7:36
Currency trading with the Aussie and the kiwiDown under currencies are floundering in forex trading today as support from equity markets all but disappears. Stock market slumps are affecting currency...
Euro, Pound Pull Back in Forex Trading
Tuesday, November 11th 2008 7:19
FX trading with major currenciesYesterday, upon the announcement of the Chinese stimulus package, risk appetite made an appearance and both the U.K. pound and the euro advanced in forex trading...
EUR/USD: The Euro Dollar is into a triangle pattern
Tuesday, November 11th 2008 8:28
FXstreet.com (Barcelona) – The Euro Dollar has been trading in a narrow range for several days and, according to the ActionForex Technical team: “EUR/USD weakens again after recovering to 1.2927...
AUDUSD Bounces from Support Line
Monday, November 10th 2008 14:32
The AUDUSD has found support from a line drawn off of the 10/27 and 11/6 lows. Staying above .6541 keeps the trend bullish.
G20 Calls for Rate Cuts, Government Spending To Check Global Recession
Sunday, November 9th 2008 18:58
The G-20 forum of industrialized and developing economies said they were prepared to act “urgently…to restore and maintain financial stability and support...
Forex Trading Forecast: U.S. Dollar
Friday, November 7th 2008 7:05
Currency trading with the greenbackThe forex trading forecast for the U.S. dollar is looking a little grim right now. In currency trading, the greenback is dropping against the euro and the yen as...
Australian Dollar Crosses Find Long Term Support
Thursday, November 6th 2008 12:28
Australian Dollar crosses have found long term support. The pairs are likely to fall into ranges near term though.
Canadian Dollar Strengthens in FX Trading
Thursday, November 6th 2008 7:48
Loonie gains in currency tradingThe Canadian dollar is strengthening against the U.S. dollar in FX trading. The impetus comes today, as economic data shows that there was an increase in building...
Canadian Dollar Technical Outlook
Wednesday, November 5th 2008 11:41
Price has come into a support zone defined by former support at 1.13 and 1.1740.