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Forex Market News - Canadian dollar rises as greenback slumps
Reuters Tuesday August 19, 2008 - 21:29:27 GMT
The Canadian dollar rose against the U.S. dollar on Tuesday as the greenback weakened due to market doubts that the U.S. Federal Reserve would be able to raise interest rates to control inflation because higher rates might amplify the country's economic w More...
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FX Blog - Morning Report
Westpac Institutional Bank Tuesday August 19, 2008 - 21:26:31 GMT
The US dollar remained in favour in early overnight trade, with the US July PPI even higher than expected. But equity losses extended, ultimately pulling the USD lower, about -0.7% from the NY morning highs. More...
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FOREX NEWS-Profit-taking, weak stocks drag US dollar lower
Reuters Tuesday August 19, 2008 - 21:08:00 GMT
The U.S. dollar fell for a second day on Tuesday, hit by a bout of profit-taking after recent sharp gains, as crude oil prices rose and stocks on Wall Street sagged on renewed worries about the financial sector. More...
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FX Blog- Market Snapshot Far East Open 19 August 2008
GVI john Tuesday August 19, 2008 - 20:22:03 GMT
The USD advanced early on Tuesday but then tumbled after the markets pushed the unit too high after a hotter than expected PPI report. This came on the heels earlier of a mixed to weak ZEW survey. The EUR/USD overnight made a new low for the move (1.4630) More...
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Forex Blog - Who is Kidding Whom?
FXA Tuesday August 19, 2008 - 20:13:59 GMT
If the US is anything in its history it is naive. Sometimes being naive helps and sometimes it hurts. It helps when problems that it confronts would never even be attempted to be solved by a more cynical society – Britain comes to mind. More...
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Chart of the Day - 8/19/2008 - USD/CAD
FX Solutions Tuesday August 19, 2008 - 16:00:18 GMT
As shown on the accompanying USD/CAD 4-Hour chart, price action on this pair has formed both a steep uptrend support line and a flag pattern since the forceful bullish run in the dollar began several More...
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FX Thoughts for the day - Evening - 19-Aug-2008 -1215 GMT
FX Thoughts for the Day Tuesday August 19, 2008 - 12:24:42 GMT
Cable had dipped earlier in the day to a low of 1.8539, however, a sharp buying interest from there has resulted in a bounce to 1.8620 since then. For the day, 1.8675-8700 is a strong Resistance and.. More...
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GBPUSD Going for 1.8500
Forex Hound Tuesday August 19, 2008 - 10:56:48 GMT
Cable started once again to move lower, although we did expect it to stay around current level for a while longer if not even retrace. 1 hour chart displaying the last few days show the pair trading inside the 1.8800 and 1.85 making lower lows and forming More...
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FX Blog- Market Snapshot Europe Mid-Session 19 August 2008
GVI john Tuesday August 19, 2008 - 09:53:37 GMT
The USD has advanced early on Tuesday following a mixed to weak ZEW survey. The EUR/USD overnight made a new low for the move (1.4630). The markets seem to be showing once again that those looking for a bounce in the EUR/USD might be ahead of the markets. More...
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FX Blog - Morning Report
Westpac Institutional Bank Monday August 18, 2008 - 23:52:18 GMT
The US dollar wandered in tight ranges with an eye on commodities, overall pressing a little higher late in New York for modest gains. These came despite a poor start to the week on Wall Street, where the Dow Jones traded down about -200pts late, weighed More...
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FX Blog- Market Snapshot Far East Open for 19 August 2008
GVI john Monday August 18, 2008 - 20:16:32 GMT
The USD fell early on Monday heading into early trade for the new week. It tried an N.Y. session advance again, but this time that trade did not work.
Note also that the Georgian situation seems finally to be cooling off, with a Russian withdrawal expec More...
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Forex Blog - US Market Update
Trade the News Staff Monday August 18, 2008 - 17:42:56 GMT
The USD continues to consolidate it recent gains among the majors in a quiet, listless session. Higher oil and gold prices are helping to quell the dollar's recent surge. Oil probed into negative territory a few times but climbed back higher following com More...
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Chart of the Day - 8/18/2008 - GBP/JPY
FX Solutions Monday August 18, 2008 - 16:04:26 GMT
After the severe drop that occurred last week, this pair has corrected somewhat and consolidated into what currently appears to be an inverted pennant formation More...
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