Comments from SNB board member that rates will not be able to stay low indefinitely caught investors by surprise. Lately some positive signs have emerged from Switzerland showing private consumption rose 2.05% and unemployment topped out at 4.5%. In the SNB meeting last week the SNB reiterated it is committed to keep the CHF [...]
Continue reading...15. March 2010
Around the U.S Interest Rate Announcement Dear Trader, The U.S Interest Rate will be released today, March 16th at 6:15pm GMT. Due to the expected influence of the announcement on the Forex market, we have collected for you a few trading ideas, which you might consider to take advantage of prior to the rate announcement - EUR.USD, Hourly Trading [...]
Continue reading...10. March 2010
Trading advice: Trade with the range Although the pair is currently trading sideways on a daily basis, a good idea would be to take advantage of the current range for short term trading. The pair has found support around 1.352 and since then has slowly rebounded..Use the 1.352 as support with a target of the 1.369. [...]
Continue reading...8. March 2010
The Euro and the Sterling gave up earlier gains from last week as risk aversion play weighed on the high yielders. Last week the high yielding currencies among them the Euro and the Sterling were able to recover losses and rebound against the Dollar and the Yen as better than expected job figures lifted [...]
Continue reading...4. March 2010
Pairs you should watch GBP rebounded , watch out of the 1.515 resistance a daily close above 1.515 would mark 1.53 as the next target For more on the BoE and ECB rate decision see our latest review
Continue reading...4. March 2010
Pairs you should watch: Euro rebounded, watch out of the 1.38 resistance a daily close above 1.38 would mark 1.4 as the next target For more on the BoE and ECB rate decision see our latest review
Continue reading...2. March 2010
In Thursday market eyes will focus both on the EU and UK rate decisions. Both the Euro and the Sterling have been under strong selling pressure lately the Euro pressed down by the Greek debt issue and the Sterling by the looming political instability. The selling pressure on the Euro eased somewhat in recent hours [...]
Continue reading...17. February 2010
eToro News Wednesday, February 17, 2010 Sterling traded rather stable in recent days as upbeat UK inflation figures and EU credit woes shifted selling pressure to the Euro. The cable bottomed around 1.553 against the Dollar and settled around 0.87 against the Euro. Although the Sterling has been rather exposed to selling pressures not so long [...]
Continue reading...11. February 2010
Euro Dollar trade is currently steady at the 1.37-1.38$ range ahead of the EU conference which will take place today. Market focus on EU events will be rather intensive as EU members are expected to try and conclude an emergency funding package to Greece. Although the woes over the Greek swelling debt problem are flouting [...]
Continue reading...4. February 2010
Bank of England - 12:00 GMT On the first rate announcement of the day, due at 12:00 GMT, the Bank of England is likely to keep interest rate unchanged at a record-low of 0.5%. Investors’ polls coincide almost unanimously to this forecast, pointing out in addition that they expect no further increments to the BoE’s [...]
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19. March 2010
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