Forex Crunch GBP/USD Breaks Higher After Rate Decision

Forex Crunch GBP/USD Breaks Higher After Rate Decision

GBP/USD Breaks Higher After Rate Decision

Posted: 07 Oct 2010 04:45 AM PDT

The Bank of England didn’t go to the printing presses. The Pound that lagged behind reacted with a jump, finally moving above 1.60, but is still vulnerable. No statement was issued. Update. Adam Posen’s talk about more quantitative easing – more pound printing, hurt the Pound in the past week. While there were doubts if [...]

AUD/USD parity in sight after great jobs report

Posted: 06 Oct 2010 11:58 PM PDT

AUD/USD jumped to a 27 year high following the job figures. The gain of 49,500 jobs was far better than expected. Will we see parity soon? Update on this strong currency. The Australian job market added 49,500 jobs in September, far better than 20,200 that was expected. Last month’s gain was also positive – a [...]

EUR/USD October 7 – Bounces Off 1.40

Posted: 06 Oct 2010 11:15 PM PDT

EUR/USD is moving forward after topping yet another resistance level, bouncing near 1.40. Last hints towards the Non-Farm Payrolls will be released today. Here's a quick update on technicals, fundamentals and community trends. EUR/USD eyes 1.40 EUR/USD Technicals Asian session:  very quiet session, with EUR/USD trading under 1.3950. Current Range between 1.3850 to 1.3950 Further [...]

Forex Daily Outlook – October 7 2010

Posted: 06 Oct 2010 03:00 PM PDT

U.S. Unemployment Claims, European and British rate decision and Australia’s Employment data are the major events on our calendar in the next 24 hours. Here is an outlook on the market-moving events before us today. In the U.S., Unemployment Claims turned better than expected in the previous week with 453K the same number is predicted [...]

Currensee Gets FSA Approval

Posted: 06 Oct 2010 09:09 AM PDT

Currensee’s social network received an approval from Britain’s FSA, one of the tougher regulatory bodies in the world of forex. It also opened an office in London and can now introduce clients to UK-based forex brokers. More regulation means more transparency. London is the biggest hub for forex trading, with over a third of transactions [...]
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