Jun 9, 2011

Forex Crunch GBP/USD Ticks Up on Improved Trade Balance

Forex Crunch GBP/USD Ticks Up on Improved Trade Balance

GBP/USD Ticks Up on Improved Trade Balance

Posted: 09 Jun 2011 01:30 AM PDT

Britain had a deficit of 7.4 billion pounds in April, better than 7.5 that was expected. GBP/USD edges up before the rate decision. The margin between the actual and the expected figures was quite small, hence the move is quite limited, although it’s important to note that this is still better than expected and better

EUR/USD June 9 – Trading at Lower Range Before Trichet

Posted: 08 Jun 2011 11:49 PM PDT

Euro dollar lost ground and couldn’t get back up after the split between European leaders is becoming more obvious and is preventing a decisive solution. Tension is mounting towards the all-important press conference by Jean-Claude Trichet. Here's a quick update on technicals, fundamentals and what's going on in the markets. EUR/USD Technicals Asian session: An

Forex Daily Outlook – June 9 2011

Posted: 08 Jun 2011 02:00 PM PDT

Trade Balance in the US and HPI in Canada are the major market-movers. Let see what awaits us today. In the US, Trade Balance, measuring the difference between the value of import and export. Trade deficit reached -48.18 Billion US dollar in March and it is expected to widen to -48.90 billion US dollar. Later

AUD/USD June 09– Aussie Lower Against US Dollar on Australian Home Loans

Posted: 08 Jun 2011 12:14 PM PDT

The Aussie traded lower against the US Dollar Wednesday after Australia reported greater than expected new home loans data. The Aussie was trading at 1.0618, down 0.96% at the time of this writing. Here's a quick update on technicals, fundamentals and community trends. AUD/USD Technicals Previous sessions: The Aussie traded initially higher at the opening
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