EUR/USD was at the highest since December 21 as yesterday’s pledge of the Federal Reserve to keep interest rates low at a prolonged time continued to push the dollar lower. Macroeconomic reports weren’t helping the US currency as housing and jobs data was negative, while leading indicators rose less than expected. Initial jobless …
EUR/USD Rallies to New Record This Month
Source: www.earnforex.com
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Yen is too high for Japan economy now - Opposition
Japan’s main opposition finance spokesman Masaharu Nakagawa has been interviewed by reuters. Asked whether the current USD/JPY level just below 100 was in line with Japan’s economic conditions, the official answered “I think it is too high (the yen)”, adding “It is...
Election Year and the Stock Market
People in the market will do anything to gain an upper hand in investing. They will scour past data and events to find a correlation between it...
FOREX VIDEO - New York Session Review - August 10, 2009
The GBP/USD was the only major currency pair which had shown any significant movement during today’s London session. By the open of the New York session, traders had both technical and fundamental reasons to short the cable. A profit of between 65 and 180 pips (depending on exit strategy) was...
FOMC Holds Rate at 0-0.25%, Announces Inflation Target, Releases Inaugural Fed Forecasts
The US Federal Open Market Committee (FOMC) kept the fed funds rate steady at 0 to 0.25 percent. The Fed said: “To support...
AUDUSD: Intraday Views
The Break out above 8130 overnight sent AUD above 82c, pretty much as we mentioned it would yesterday. The AUD has been supported by Commodity buying and strong economic data over the last few days. On the day 8130 - 8230 is my range. I have been bullish over the last few days buying on dips but i...