Forex Crunch British Rate Unchanged – Pound Bounces Off Support

Forex Crunch British Rate Unchanged – Pound Bounces Off Support

British Rate Unchanged – Pound Bounces Off Support

Posted: 10 Feb 2011 04:02 AM PST

The MPC left Britain’s benchmark interest rate at 0.50% for another month. Yet again, the voices and votes for a rate hike weren’t strong enough and the rate is unchanged despite the rising inflation. GBP/USD makes an initial small dip and recovers quickly. As in previous meetings, no statement was released. The bank is split

Forex Market Interview with Senior Currency Strategist, John Kicklighter from DailyFX

Posted: 10 Feb 2011 02:00 AM PST

We are pleased to share a forex interview on this week's major events and forex trends with the senior currency strategist at DailyFX.com, John Kicklighter. John specializes in combining fundamental and technical analysis with money management. John authors a number of regular articles forDailyFX.com, ranging in topics from basic fundamental forecasts for the G10 economies and

GBP/USD Refuses to Fall Despite the Squeeze in Manufacturing

Posted: 10 Feb 2011 01:37 AM PST

British manufacturing production fell by 0.1% in December. This is very disappointing as expectations stood on a rise of 0.5%, similar to last month’s 0.6% rise. GBP/USD is rather stable at 1.6033, as tensions towards the rate decision mount. This is the first fall in manufacturing production in 8 months. The wider figure, industrial production,

EUR/USD Feb. 10 – Falling Towards Support

Posted: 10 Feb 2011 01:23 AM PST

EUR/USD is losing the nice gains it made yesterday and is approaching support. Where will it go on this busy day ?  Here's a quick update on technicals, fundamentals and community trends. EUR/USD Technicals Asian session:  Euro/Dollar failed to break above 1.3760 and fell through 1.37. Fall continues in European session. Current range – 1.3610

Forex Daily Outlook – February 10 2011

Posted: 09 Feb 2011 02:00 PM PST

Unemployment Claims in the US, Manufacturing Production in the UK are some of the interesting events on this hectic day. Let’s see what awaits us today. In the US, Unemployment Claims, individuals who filed for unemployment insurance for the first time during the past week is about to reduce by 4K. It is an important

AUD/USD Feb.10–Aussie Declines Wednesday against US Dollar

Posted: 09 Feb 2011 12:29 PM PST

The Aussie reversed its rise against the US Dollar Wednesday, following US Fed Chairman Bernanke’s dovish remarks trading at 1.0097 down 0.54% at the time of this writing. Was this the top of the latest Aussie rally? Here's a quick update on technicals, fundamentals and community trends. AUD/USD Technicals Previous sessions: The Aussie traded lower
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