Other Source Archive

European Market Update

  • October 22, 2008

The session continued to see some sharp moves in all types of pairs from USD related, commodity related, European-related and carry-related. Tough to gauge who was leading this volatility but the comments from BOE’s King’s comments on Tuesday that the UK would likely enter a recession was the latest ‘trigger…
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Euro, Pound Slaughtered In Overnight Trade As Massive Anti-Dollar Bets Go Wrong - Selling Climax?

  • October 22, 2008

EUR/USD hit a low of 1.2735 while GBP/USD fell though the 1.6200 figure - its lowest level in 5 years - as panicky investors in Asia liquidated positions in a flurry of indiscriminate selling. The moves triggered a cascade stop losses and were further exacerbated by algorithmic traders who joined…
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The Euro And The Sterling Fall On Indications That The ECB And BOE Will Cut Rate

  • October 22, 2008

The euro fell below $1.28 for the first time since November 2006 and the pound tumbled to a five- year low on speculation European central banks will cut interest rates as the global economy heads for recession. The Euro also slid to the weakest in more than four years versus…
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Forex Technical Analysis

  • October 22, 2008

EUR/USD is in а downtrend, after finalizing the rebound from 1.3882 (Sept. 11 2008) at 1.3882. Technical indicators are falling, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.4595 and 1.5183.
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Trade Desk Thoughts - U.K. MPC Meeting Minutes

  • October 22, 2008

Trade Desk Thoughts: The BoE’s minutes from the emergency meeting held October 8 shows that the committee voted unanimously in favor for a 50 basis point rate cut, in conjunction with the world’s major central banks. The bank’s view is that the risk of inflation has definitely shifted to the…
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