Thursday, April 29, 2010
The trading pair of the GBP/USD in Wednesdays trading market found a bit of resistance that helped it climb up to go beyond the level of 1.5210. The trading pair had shown in the past few days that it couldn’t manage to keep to a level and continued on a daily slide to get to [...]
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Thursday, April 29, 2010
During Wednesday’s trade the US dollar seemed to fall against several of the major currencies. This was a huge contribution of the euro zone nations report on the IMF who were all ready to give Greece an aid package to clear its debts; however the aid that will be given to them is expected to [...]
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Tuesday, April 27, 2010
The Australian dollar had stooped from its earlier level against the US dollar its counterpart in Tuesdays trading, and this was considered to be the 2nd day low largely because of the commodity prices that fell and that was even ahead of the key consumer sentiment data that the US had released.
The trading pair of [...]
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Tuesday, April 27, 2010
The euro had pared some of it losses in today’s trade market against the US dollar, it managed to move back to above the much wanted level of 1.33 mark and this was after a report was released showing that the consumer confidence in the US had increased to a higher percentage than what was [...]
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Monday, April 26, 2010
The industry data that was released on Thursday by the US showed that the U.S homes grew even faster than what was expected of it in March.
According to the report that was released by the National Association of Realtors who also mentioned that the number of sales had increased b y6.8% and this was a [...]
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Sunday, April 25, 2010
The Asian markets today are said to be trading heavily on the sell tone ion markets. Investors don’t seem to be very happy about the increasing debt crisis that Europe is facing. The euro fell even further during Thursday’s trading session and this was largely as a reaction to how Moody had downgraded the government [...]
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Friday, April 23, 2010
The European session of forex trading seen that the pound had managed to gain itself against the US dollar. The pound was seen to be doing well for itself during this entire week and today’s trading showcased a 4 day high although it was much ahead of the data that was to be released on [...]
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Thursday, April 22, 2010
During Thursdays trading at the Forex market the euro seemed to gain itself against the US dollar, and all this happened while regular traders patiently waited for the US President Barack Obama in New York to deliver his speech. They were infact waiting to know about what he had to say, since the US President’s [...]
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Thursday, April 22, 2010
Wednesday’s trading seemed to be a downer for the trading pair of the GBP /USD. The pound did not do well as expected and instead managed to loose most of the gains that it had managed to gather up on Tuesday against the dollar. It had an impressive climbs in context with the pips where [...]
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Wednesday, April 21, 2010
The earlier Asian Session of forex trading showed that it was an excellent chance for the market to down play the risks as most of those who had invested in it had gotten some advantage because of the low quotes and hence went on a buying spree which eventually gave them assets that were of [...]
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