Wed, Jan 07 2009  (GMT)
Weekly Latest Performance
Date GBP/USD
08 Dec 2008 0
09 Dec 2008 44
10 Dec 2008 5
11 Dec 2008 3
12 Dec 2008 0
Total 52
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Latest Technical Analysis
iFOREX.bg EUR/USD Technical Analysis 24 July 2008
Term: Daily      Trend:
The Euro continued descending yesterday against the US Dollar Tuesday Wednesday's top 1.5797 to the bottom 1.5671, which are the first resistance and support levels respectively for the currency couple today. If the negative trend continues, next support is expected at 1.5600, followed by 1.5535. In upward direction next resistance for today is expected at 1.5865, the break of which would lead to next target 1.5940.

Latest Fundamental Analysis
The congress to approves $700 billion risky plan
Term: Daily      Trend:
The U.S. congress probably will approve the multi billion plan to help the financial system. These speculations were stronger than the economic release today. The Initial Claims continue to jump to 493K, at the same time Durable Orders down to –4.5%. The crisis in the U.S. home sales continue, as the New Home Sales fall to 460 000 for the month by 515 000 a month ago. The second speculation moving the market is that Bernanke probably is turning to interest rates cut. The latest economi ...

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Breaking News By RTTNEWS
Fed's Evans: Fiscal Stimulus "Appropriate," Fed To Expand "Nontraditional" Policies
Sat, 03 Jan 2009 17:44:59 GMT
The policymaking branch of the U.S. central bank will be "expanding nontraditional policies" as it works to pull the economy out a full-year recession, a top Federal Reserve Official said Saturday. The United States economic and financial systems are battling their "greatest challenges since World War II," Chicago Federal Reserve Bank President Charles Evans said, stressing the importance of restricting the regulatory system in the wake of the crises.
2009 Economic Outlook Far from Comforting
Fri, 02 Jan 2009 17:18:45 GMT
The markets are resigned to the fact that the economy will continue to show weakness in the near term and are unlikely to react very negatively unless the pace of decline deteriorates further. A weak first-half performance may result in a permanent market bottom from where the markets should rally in the second half of the year. Consumer spending may continue to be restrained due to a rise in unemployment, as more and more companies slash jobs.
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