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Market Overview by Forex Yard
Economic News
* USD
Strengthening Dollar Awaits ADP Non-Farm Employment Change Figures.
The greenback saw mixed results during yesterday's trading session, and continued it advance against a basket of major currencies. Positive USD positions were supported...
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Varengoldbank FX - Daily FX Report
This morningÂs Daily FX Report by the VarengoldbankFX trading desk team including a review of the Forex and currency markets, technical analysis, key pivot points and the daily economic calendar.
Click for the full report.
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Market Update from Trade The News
European Market
Update: Slowing Growth Concerns ahead of European Interest Rate Decisions
.
***Data***
- (SW) Riksbank raised interest rates by 25bps to 4.75%,
as expected
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Forex Market Update
Today's ECB meeting: a turning point or an accelerator for the EUR decline? BOE also on tap - any chance of a surprise cut?
Will ECB continue to declare "no bias"? EURCHF nears critical support at 1.6000. US ISM Non-manufacturing up later.
MAJOR...
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Forex Trading News - Bank of England Rate Decision
The Bank of England, which was expected to keep rates unchanged, did just that keeping rates at 5%. The Cable which was trading below the 1.78 handle is relatively unchanged as the expectations of most were met. ...
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Simple setup , but ‘not-so-good’ trades
I made 2 day trades yesterday. Long EURUSD, Short USDCHF. Simple setup. But, instead of waiting for the planned target, I chickened out on exit. Well… Beautiful charts. Side note. If you are not reading this post on www.tradergav.com, ...
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Intersil Expects Modest Growth
Intersil Corporation (ISIL) is an OEM of analog and mixed signal semiconductor ICs. June quarter revenue was in-line with consensus estimates, while the EPS exceeded. Forward guidance is for a 1-3% ...
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ETFs Could Deck The Halls With Strong Retail Numbers For Discounters
Is the Ghost of Christmas Future trying to tell us that exchange traded funds (ETFs) could benefit from bargain-hunting this holiday season? The economy is not out of the doldrums yet, to be sure. While prices are off their...
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Forex Trading News - German Factory Orders
German Factory Order expected at 0.3% month over month, came in weaker than expected at -1.7% . The year over year release expected at -2.2%, came in better at -.7% .Both the monthly and yearly variance were revised better for June. ...
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Forex Trading - EUR/USD Ranging into the ECB Rate Decision (CLICK ...
The Euro received a bid against the USD dollar early in European trading, as some profit taking seems to be going on in the market place ahead of the ECB's rate decision. Although the consensus suggests that the ECB will...
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Daily Forex Snapshot - ACM
EURUSD traded to a low of 1.4386 - on weak retail sales - and high of 1.4512 yesterday. Asian session saw the pair playing the range. Commodities continued to consolidate. Gold tested a previous support of $790 before backtracking to $808. Crude stayed below $110...
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FX Technical Analysis by iForex.bg
The British Pound also descended significantly yesterday against the US Dollar from Wednesday's top 1.7839 to the bottom 1.7675, which are the the first resistance and support levels respectively for the currency couple today.
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EUR/USD - Euro Dollar, European Session - 04/09/08
1,4506.
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GBP/JPY - British Pound Yen, European Session - 04/09/08
192,33.
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GBP/USD - British Pound Dollar, European Session - 04/09/08
1,7798.
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