Post Tagged with: "BOE"
EUR/GBP Broke Support After Rate Decisions
The Bank of England and the ECB made their expected decisions: BoE lowered the interest rate to 1%, and Jean Claude Trichet left the interest rate unchanged at 2%. The immediate result in the forex market was a big drop of EUR/GBP, currently trading at 0.8780. When looking at the hourly forex charts for the
GBP/USD Parity in 2009?
GBP/USD Parity in 2009? Yes, it sounds quite wild. While parity between the pound and the dollar never happened, the global crisis is so deep, that this is an option. GBP/USD in history The last time that GBP/USD has seen such levels was back in 1985. In September 1985, while there were riots in Brixton,
Forex Weekly Outlook – January 19-23 2009
Before the new week begins, there were major events during the weekend. The Gaza war is nearing its end, with a unilateral cease fire declaration by Israel. If it holds, the ending of this conflict in Gaza will impact oil prices, stock prices, and forex trading, especially USD/CAD and AUD/USD. More about the Gaza cease
Forex Daily Analysis – January 16th 2009
The last day of this week opened with Bank of Japan Governor Masaaki Shirakawa speech. He said that the BOJ sees the economy struggling, and that they may respond in purchasing corporate debt. Cut rates are not an option, considering Japan’s 0.1% interest rate. USD/JPY now trades above 90, at 90.34. Elsewhere, the dollar loses ground
Forex Daily Analysis – January 8th 2009
Big day today in the Forex market: The BOE will publish new interest rates in Britain, Ivey PMI in Canada, Unemployment Claims in the US, and many important speeches. Oil prices fell yesterday to$42.23 after the Crude Oil Inventories rose to 6.7M, much higher than expected. This large storage of oil eases oil prices, and weakens
EUR/GBP Drifting Away From Parity
Parity in the EUR/GBP surrency pair seemed very close during the 2 weeks of partial holiday in the Forex market. The EUR/GBP cross was already above 0.98, but now it fell back to 0.90. The bad state of the British economy, and the sharp measures of the BOE took the pound down against the dollar.
Forex Weekly Outlook – January 5-9 2008
Finally, after two weeks of holidays, we have a full trading week. And it’s expected to be very exciting! Monday begins easily, with a speech by FOMC Member Yellen. Federal Reserve Bank of San Francisco President Janet Yellen might give some direction about the money printing that the Federal Reserve plans to spend. More from the US
GBP/AUD Short – Forex Trade for the new year
The GBP/AUD currency pair isn’t one of the popular crosses on the board. It doesn’t appear by default on forex charts on major sites. This forex trading option looks currently very lucrative. Both fundamental analysis for this currency pair and technical analysis support going short, on what looks like a serious move. GBP/AUD Technical Analysis
Forex Daily Analysis – December 16th 2008
The US dollar retreated some more on Monday, especially against the Euro. USD.EUR currently stands at 1.3691, breaking resistance of 1.35. Also the British pound managed to get away from the 1.50 pivot spot, now trading at 1.5278. GBP/USD struggled more than the Euro. The loonie (USD.CAD) and the chocola (USD/CHF) also weakened – USD