Forex News: Will Riskier Assets Stay on Top Today?
August 2, 2010 8:59 am by Natalie R.As we start off the week, risk taking seems to be the predominant sentiment in the marketplace. Both the EURand U.K. Pound are making gains on the U.S. Dollar and Yen. Today, traders will want to pay attention to a ...
The Pound Climbs vs. U.S Dollar; May Stretch Gains Further
December 31, 2009 12:19 pm by Natalie R.The British currency rose Wednesday against the U.S dollar after declines sent the Cable into an 11-week low. The GBP/USD cross rose 10% to $1.6102 in early trading. It slid 0.5% earlier to $1.5833, the lowest level since Oct. 13. ...
U.S Unemployment Claims on Tap
December 31, 2009 11:36 am by Natalie R.As this is New Year’s Eve, very low liquidity and possibly high volatility is expected in the markets today. Nationwide HPI – GBP – 7:00 GMT
The EUR Posts Gains vs. Sterling
December 30, 2009 6:52 am by Natalie R.The EUR traded lower against the Dollar and the Japanese yen on Tuesday, retrieving from early gains against the U.S currency, as holiday-thin trade made moves more volatile.
Prelim GDP Shock Figures Threaten Pound’s Stability
October 23, 2009 12:58 pm by Dan EduardThe most important issue facing the Pound's stability is the implications of the recently released shocking figures of the British Prelim GDP publication. The release indicates that the British economy is facing the longest protracted decline in recent history.
Pound Tumbles on Publication of Prelim GDP Figures
October 23, 2009 12:05 pm by Dan EduardThe Pound tumbled on the publication of the Prelim GDP figures. The publication measures the change in the inflation adjusted value of services and goods that are produced by the British economy. The figure was a surprisingly low -0.4%, far ...
Yen Falls on Bank of Japan Decision
October 14, 2009 2:30 pm by Dan EduardThe Yen has fallen drastically thus far in today's trading, due to the decision by the Bank of Japan (BoJ) to not conclude its program of purchasing corporate debt in this morning's Monetary Policy Meeting. This led to speculation that ...
U.S. Federal Budget Balance to be at the Forefront of Today’s Trading
October 13, 2009 6:22 am by Dan EduardThe Dollar experienced in most cases a bearish trading day on Monday, as it fell against the EUR, the CAD and the CHF. With regards to the British Pound, the British currency tumbled vs. the USD, EUR and JPY. Crude ...
Pound to Benefit from British Economic Rebound?
September 9, 2009 1:49 pm by Dan EduardBritish consumer confidence rose to its highest level since May 2008. According to the Nationwide Building Society, it rose to 63 in August from 61 in July, the highest level since May 2008. This result came the same day that ...
Pound Soars on Optimistic Manufacturing Data
September 8, 2009 7:15 pm by Dan EduardThe Pound soared today, as optimistic manufacturing data from Britain gave support to the British currency. According to the Office for National Statistics (ONS), British Manufacturing Production rose 0.9pc in July in comparison to June. This was the biggest increase ...
