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Day: February 14, 2008
February 142008
EUR/USD Grows on Trade Balance News
EUR/USD rose from 1.4575 to 1.4635 today after the news from the U. S. Department of Labor and the U. S. Census Bureau arrived. Despite them being better than expected, they failed to stop dollar or even stock markets from declining today. Initial jobless claims for the last week went down from 357,000 to 348,000 slightly better than it was expected by the markets (350,000). Trade balance deficit in U.S. […]
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February 142008
GBP Continues Rising against Other Majors
Great Britain pound continued its almost a week long rally against the currencies of Eurozone, U.S. and Japan, as the traders believe that the Bank of England will turn its head to inflation rather than the lack of the financial liquidity. There is now a three days of consequential growth on the GBP/JPY Forex pair, but it still is quite moderate result for this trading instrument. Withing these three days GBP/JPY easily went up from 208.66 to 213.42. […]
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