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Market Reviews and Forex News

UK

Posted on November 9, 2012 by the XM Investment Research Desk at 12:27 pm GMT

UK

Important Notice: This investment research was produced by an independent analyst and Trading Point of Financial Instruments Ltd has verified that the producer of the investment research is subject to requirements equivalent to the requirements under Directive DI144-2007-01 of 2012 of the Cyprus Securities and Exchange Commission in relation to the production of the research.

Latest Market and Forex News

European Session – Dollar trims post-GDP gains ahead of jobless claims

The US dollar gave back some post-GDP gains made on Tuesday when data showed that the US economy grew faster-than-expected in the third quarter. The dollar rallied strongly against the yen following the news that the US revised up its […]

Forex News – US GDP grows at fastest pace in 11 years in Q3

US GDP grew at its fastest pace in 11 years during the third quarter, as the final revision to preliminary estimates raised it to a 5% annualized, seasonally adjusted rate from a previous 3.9%.  Economists were expecting a growth rate […]

Asian Session – Dollar holds on to post-GDP gains

The US dollar was in a festive mood after a surprisingly strong upward revision to 3rd quarter growth the previous day.  The dollar climbed to 120.82 yen – still below the 121.86 high registered earlier in the month, but the […]

Technical Analysis – GBPUSD falls to new 15-month low

GBPUSD extended lower on Tuesday, recording a new 15-month low of 1.5484. 1.5500 is a key level. A daily close below this would strengthen the possibility of another leg lower.
The bearish trend is intact and has been strengthened as prices […]

European Session – Dollar surges as US GDP prints 5% growth in Q3

Sterling and the Australian dollar were the weakest performing currencies amongst the majors today. The British pound was pushed lower after UK GDP data disappointed and the current account widened. Third quarter GDP on an annual basis was revised lower […]

Forex News – Sterling hurt by growing UK current account deficit and weak GDP

Sterling fell after data showed that UK third quarter GDP on an annual basis was revised lower in the final estimate to 2.6%. It was revised downwards by 0.4% from the previously published estimate of 3.0%.
Meanwhile, quarter on quarter GDP […]

Asian Session – US dollar flat ahead of data, holidays

Having made some significant days on Monday, the US dollar had a rather quiet Tuesday Asian session with Japanese markets closed because of a national holiday.  The dollar traded at a 2-week high versus the yen, helped by the rally […]

Technical Analysis – USDJPY maintains upside momentum

USDJPY has regained upside momentum, rising for 5 straight days after bouncing off 115.55. The kijun-sen line has crossed above the tenkan-sen line which is a bullish signal. RSI is back into bullish territory above 50. There is scope for […]

European Session – Euro supported by rise in Eurozone consumer confidence

Currency markets were relatively quiet at the beginning of a holiday-shortened week. Consequently trading volumes were light but there was slight risk appetite.
After revisiting Friday’s 2-year low in early Asian session trading, the euro edged higher in the European session […]

Technical Analysis – AUDUSD hovers at 4-year lows, bearish outlook remains

AUDUSD has paused its decline and is consolidating near a 4-year low of 0.8105 hit on December 17. Any bounce higher would see immediate resistance at the tenkan-sen line at 0.8239. As long as the market remains below 0.8500, the […]

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