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Day: March 26, 2008
March 262008
Pound Falls on Account Deficit
The commentary on the current account deficit in United Kingdom pulled the Great Britain pound down today, as it added one more reason for the British currency to be less favored by the Forex trading institutions. The Bank of Englands executive director and chief economist, Charlie Bean, spoke before the Treasury Select Committee today, saying that the size of the current account gap is likely to keep […]
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March 262008
EUR/USD Still Grows Today
EUR/USD gained more than 100 pips today as it continued to grow on Forex before and after the fundamental news releases in U.S. Some of those releases were rather neutral, while one was particularly bad. Although EUR/USD descended from its historical maximums it is now starting to return to the bullish trend. Durable goods orders in February dropped 1.7%, while a growth of about 0.8% was expected. It followed the […]
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