Starting the day
Posted on March 24, 2009 at 10:52 in Starting the day by Valeria BednarikNo Comments »

Hi everybody and welcome. The U.K. inflation rate unexpectedly rose in February after higher food costs and the weakness of the pound sustained price pressures even as Britain’s recession deepened. Gbp runs to 1.4770 zone, and quickly come down 100 pips. Market is highly volatile due to a bunch of reports already published, and stocks that keep on driving investors mood. Euro and Yen are the weakest currencies  today, with Euro close to hit the 1.3500, and yen loosing ground fast against all rivals. We still have more reports today, so here is the link to today’s calendar, while I begin with more technicals for today.

This is today’s calendar: 

http://www.fxstreet.com/fundamental/economic-calendar/

Have a great day!

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Starting the day
Posted on February 27, 2009 at 10:30 in Starting the day by Valeria BednarikNo Comments »

Hi everybody welcome back! Greenback is still the preferred refuge in this crazy turmoil times. Euro and Gbp, are pushing the downside of the narrow range they were in these past days, and ready to continue. Investors are very pessimistic (logical, of course) and market is a good reflection of that. Stocks are still the main forex driver, and by this time, Europe remain negative, while the U.S. close again yesterday very close to a 12-year low. Japanese Yen is gaining some ground, but consider it as a correction of last days upside run.

Here is the link to today’s calendar:

http://www.fxstreet.com/fundamental/economic-calendar/

Have a great day!

Tags: ,