Forex News Blog
Back to The Headlines
Tuesday October 26, 2010 - 10:23:56 GMT
Share This Story
Forexpros - www.forexpros.com
ForexPros Daily News October 26, 2010ForexPros Daily News October 26,
Forex - GBP/USD soars to 4-day high after upbeat U.K.
Forex Pros â€“ The pound was up against the U.S. dollar on
Tuesday, soaring to a 4-day high after the release of significantly
better-than-expected U.K. third quarter GDP data.
GBP/USD hit 1.5869
during European morning trade, the pairâ€™s highest since October 20; the pair
subsequently consolidated at 1.5859, soaring 0.87%.
Cable was likely to
find support at 1.5663, Mondayâ€™s low and resistance at 1.6002, the high of
Earlier in the day, the U.K. Office for National Statistics
said that GDP increased by a seasonally adjusted 0.8% in the third quarter,
after rising by a revised 1.2% in the preceding quarter. Analysts had expected
GDP to rise 0.4% in the third quarter.
The report said that the increase
was due to strong growth in the services, production and construction sectors.
Total services output rose 0.6% in the third quarter while total production
output also rose 0.6% and construction output rose 4.0%.
The pound was
also up against the euro, with EUR/GBP tumbling 0.89% to hit
Later in the day, the U.S. was to release industry data on
consumer confidence and house prices as well as official data on
--- Forex - EUR/USD turns lower as dollar
sentiment firms upForex Pros â€“ The euro
edged lower against the U.S. dollar on Tuesday, falling to a 2-day low, as the
dollar firmed up on the sense that expectations for further monetary easing by
the Federal Reserve were already priced into the market.
1.3907 during early European trade, the pairâ€™s lowest since October 22; the pair
subsequently consolidated at 1.3949, shedding 0.10%.
The pair was likely
to find support at 1.3857, Fridayâ€™s low and resistance at 1.4157, the high of
October 15 and an 8-month high.
Earlier in the day, data showed that
Germanyâ€™s Gfk consumer climate outlook for November remained unchanged at 4.9,
after rising for in the four preceding months. Analysts had expected the outlook
for November to rise to 5.2.
The economic expectation indicator rose by
2.5 points in October to 56, up for the fifth consecutive month. The report said
that consumers expect that the German economy will continue to recover based on
positive trends in the labor market.
Also Tuesday, official data showed
that German import prices rose more-than-expected in
Meanwhile, the euro was down against the pound, with EUR/GBP
shedding 0.40% to hit 0.8846.
Later in the day, the U.S. was to release
industry data on consumer confidence and house prices as well as official data
Daily Forex News Provided By
Fusion Media will not
accept any liability for loss or damage as a result of reliance on the
information contained within this website including data, quotes, charts and
buy/sell signals. Please be fully informed regarding the risks and costs
associated with trading the financial markets, it is one of the riskiest
investment forms possible. Currency trading on margin involves high risk, and is
not suitable for all investors Before deciding to trade foreign exchange or any
other financial instrument you should carefully consider your investment
objectives, level of experience, and risk appetite. Fusion Media would like to
remind you that the data contained in this website is not necessarily real-time
nor accurate. All stock prices, indexes, futures and Forex prices are not
provided by exchanges but rather by market makers, and so prices may not be
accurate and may differ from the actual market price, meaning prices are
indicative and not appropriate for trading purposes. Therefore Fusion Media
doesnâ€™t bear any responsibility for any trading losses you might incur as a
result of using this data.
Forex Trading News
Daily Forex Market News
Forex news reports can be found on the forex research
headlines page below. Here you will find real-time forex market news reports
provided by respected contributors of currency trading information. Daily forex
market news, weekly forex research and monthly forex news features can be found
Real-time forex market news reports and features providing
other currency trading information can be accessed by clicking on any of the
headlines below. At the top of the forex blog page you will find the latest
forex trading information. Scroll down the page if you are looking for less
recent currency trading information. Scroll to the bottom of fx blog headlines
and click on the link for past reports on forex. Currency world news reports
from previous years can be found on the left sidebar under "FX Archives."
Actionable trading levels delivered to YOUR charts in real-time.
Register To Test Your Amazing Trader
GVI Trading. Potential Price Risk Scale
Tue 19 June 2018
AA: Major, A: High, B: Medium
A 12:30 US- House Permits/Starts
Wed 20 June 2018
A 14:00 US- Existing Homes Sales
A 14:30 US- EIA Crude
Thu 21 June 2018
AA 11:00 GB- Bank of England Decision
A 12:30 US- Weekly Jobless
Fri 22 June 2018
John M. Bland, MBA
co-founding Partner, Global-View.com
Global-View Affiliate Program
We are starting an affiliate program to market some of our products.
Send me an email if you would be interested or if you know someone who would like to be an affiliate. Generous commissions payout for those accepted.
Put the word "affiliate" in the email subject line.
Start trading with forex broker Markets Cube
Max McKegg's Daily Forex Trading Forecasts
Veteran FX Trader, Max McKegg, forecasts all the Major currencies and the Australasians; providing Daily and Medium Term Trading forecasts to subscribers, who include large Banks the world over, as well as individual traders in more than 30 different countries.
Request a TRIAL of Max's Forex Service.