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A Deep Contraction In U.K. GDP Could Break Bulls vs Bears Stalemate

U.K. GDP is expected to have shrunk by another 1.5% in the first quarter as declining demand for exports and retrenching consumers continue to weigh on…

Overnight Interest Rate Update 04.24.09

Current Yesterday USD 0.20250 0.20625 GBP 0.55875 0.59125 EUR 0.79875 0.84625 JPY 0.17875 0.17863 CHF 0.10167 0.10500 AUD 3.10000 3.11250 CAD 0.23667 0.25833 NZD 3.47500 3.38750

Bank of Canada Governor Cites U.S. for Stagnation, Says Quantitative Easing a ‘Big If’

Bank of Canada‚Äôs Governor Mark Carney blamed the Obama administration for the slow economic recovery. By taking insufficient measures to stabilize financial…

Dollar Bouncing Off 3-Week Support Against Yen (Chart)

The U.S. Dollar has been oscillating in a downward channel against the Japanese Yen since 04/06/09. The 60-minute chart featured below shows that the pair…

FXbootcamp London Outlook 04/24/2009

Dollar, Yen And Risk Appetite Await G20 Meeting And US GDP

Market sentiment has stabilized over the past week as traders wait for fundamentals to either catch up to optimism or draw the budding recovery to a grinding…

European Economic Data Estimates: 04-24-09

Major Event Risk Tomorrow Threatens High Volatility For The Pound (Forex Video)

Canadian dollar the top mover this morning after the BoC defers quantitative easing. Volatility will likely be a common theme given tomorrow’s event risk.

US Dollar, Japanese Yen Trading Above Key Support Levels – Watch Status of Risk Appetite

– British Pound Dominates – UK Q1 GDP Could Weigh Heavily on Friday – Euro Gains as Euro-zone PMI Reflects Surprisingly Strong Results – What About Deflation? -…

EURUSD Resistance at 1.32

As per the special report published yesterday, the trend in the EURUSD is viewed as down as long as price is below 1.34 (April 13 high). Near term, an…