dekac's commentaries - page 2
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
Hi
09 July- The Sterling (GBP)steadied below last week’s 26 year highs versus the dollar on Friday, staying comfortably above the $2 mark, supported by Thursday’s interest rate hike and expectations for further tightening. Overall, the GBPUSD traded with a range of a low 2.0060 and a high of 2.0142 before closing the day at 2.0105 in the New York session
Hi
The Sterling (GBP) continued to rally, trading at 26 year highs on a broadly weaker dollar. Overall, the GBPUSD traded with a range of a low 2.0248 and a high of 2.362 before closing the day at 2.0341.
Hi
17 July-The Euro(EUR)-traded near record highs against the USD once again, as outlook on the EZ’s currency remains bullish pricing in future rate hikes with Core CPI data for the month of June coming in slightly better than expectations. Overall the EURUSD traded with a range of a low 1.3760 and a high of 1.3804 before closing the day at 1.3783 in the New York session. Looking ahead, German ZEW survey will be released on Tuesday with forecasts of 88 down from the previous 88.
Hi
20 July-The Japanese Yen (JPY) traded lower against the USD and the EURO as investors continued to source the low yielding currency. Overall the USDJPY traded with a range of a low 121.74 and a high of 122.18 before closing the day at 122.06 in the New York session
Hi
24-July-U.S. Dollar Trading (USD) eased across the board as absence of data saw traders remain cautious. As a result the USD traded near 12 year lows against a basket of currencies, where uncertainty in the sub prime mortgage market has seen continual betting against the greenback. In U.S. share markets the NASDAQ was up 2.98 points (0.11%) whilst the Dow Jones was also up by 92.34 points (0.67%). Crude Oil eased on Monday falling by 1.31% to US$74.80 a barrel. Looking ahead, second tier data is expected out of the U.S. today with the release of the Redbook and the Richmond Fed index.