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Currency Market Commentary - 2009.02.20

posted by Lacy 1191 days ago in Fundamental, Daily made popular 1191 days ago

DOLLAR: With the Dollar seeing a quasi technical correction off the Wednesday high and global macro economic anxiety on the rise again, it is likely that the Dollar will resume its upward track on the charts.

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German woes spark fastest economic decline in eurozone

posted by Lacy 1198 days ago in EUR, Fundamental made popular 1198 days ago

The recession in the eurozone deepened at a record rate in the final three months of 2008, partly down to an unexpectedly grim picture in Germany.

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Feb-13 market commentary and technical levels

posted by Lacy 1198 days ago in Technical, Daily made popular 1198 days ago

The EURUSD attempted to push lower yesterday. The pair bottomed at 1.2723 but further bearish momentum was rejected as the pair whipsawed to the upside and closed at 1.2861.

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Gold and Silver End Mixed While Stocks Reverse Morning Losse

posted by Lacy 1199 days ago in Gold, Metals

After mixed trade in Asia and London gold dropped as much as $5.42 to $937.03 in midmorning New York trade, but it then climbed back higher for most of the rest of trade and ended near its high of $949.50 with a gain of 0.56%.

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EUR/JPY - Euro Yen Feb. 10, 2009

posted by Lacy 1202 days ago in EUR, JPY, Technical

117,34. EUR JPY is in a consolidation after the last bearish movement. EUR JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. Oscillators are neutral. The price should continue to move

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Pound drops to 4-day low against euro

posted by Lacy 1202 days ago in EUR, GBP made popular 1202 days ago

The UK's sterling slipped against most of its major counterparts in the early Asian session on Tuesday.

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EUR/GBP - Euro British Pound February 6, 2009

posted by Lacy 1206 days ago in EUR, GBP, Technical

0,8739. EUR GBP is in an downtrend directed by 1H exponential moving averages. EUR GBP is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H, 4H (Mataf Trend Indicator) is in

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Feb-05 Daily Forex Analysis

posted by Lacy 1206 days ago in Fundamental, Daily

The U.S currency held gains versus the EUR as it rose1.4% to 1.2848 on Wednesday after a report showed U.S. private sector employment in January fell in line with expectations.

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GBP/USD - British Pound Dollar 02-04-09

posted by Lacy 1207 days ago in USD, GBP, Technical

1,4401. GBP USD is in a consolidation after the last bullish movement. GBP USD is in a range between 1,4050 and 1,4500. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100).

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ECB to pause on interest rates as gloom deepens

posted by Lacy 1209 days ago in EUR, Inflation

The European Central Bank has made it very clear it will pause with cuts in interest rates on Thursday, focussing financial markets on signals of how low the bank can go and the likely scale of a cut they now expect in March.

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Euro Trades Near 8-Week Low Before European Inflation Report

posted by Lacy 1209 days ago in EUR, Fundamental, Inflation

The euro traded near an eight-week low against the dollar before a report that may show European producer prices fell for a fifth month, giving the region’s central bank more room to cut interest rates.

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Consumer Spending, Incomes Fall

posted by Lacy 1209 days ago in USD, Fundamental, Consumer made popular 1209 days ago

Consumer spending fell for a record sixth straight month in December as recession-battered households, worried about surging layoffs, boosted their savings rates to the highest level since May.

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