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Forex: GBP/USD falls below 1.4700 after worse than expected US GDP

Fxstreet.com (Barcelona) - GBP/USD is falling after the worse than expected US GDP, the pair has fallen around 40 pips from 1.4740 to test the 1.4700 level. On the day, The pair has risen 0.40% from opening price at 1.4641 to the currently range of 1.4695/1.4505.The US annualized Gross Domestic Product has fallen 6.1% in the first quarter of the year, well below of 5.0% decreases expected bu market but better than 6.3% decreases posted in the previous quarter. GDP

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Forex: USD/CHF finds support at 1.1350 and is back to test 1.1400 level

FXstreet.com (Barcelona) - After falling around 75 pips in the European session from 1.1424 to reach 1.1349, fresh intra-week low, the USD/CHF has begun to rise to test 1.1400 level after the US GDP 1Q data releases. Currently the pair is trading around 1.1380/90, 0.45% decreases so far today from opening price at 1.1438.The US annualized Gross Domestic Product has fallen 6.1% in the first quarter of the year, well below of 5.0% decreases expected bu market but better than

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Forex: EUR/USD falls to test 1.3230 on US GBP data

Fxstreet.com (Barcelona) - Euro has fallen around 50 pips against Dollar after the US GDP 1Q data, from 1.3270, ahead data releases, to 1.3223. Currently the pair is trading around 1.3225/35 after rising 0.75% so far today from opening price at 1.3130.The US annualized Gross Domestic Product has fallen 6.1% in the first quarter of the year, well below of 5.0% decreases expected bu market but better than 6.3% decreases posted in the previous quarter. GDP price index rises 2.9%

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Canada Industrial Product Price rises 0.3% in Mar

FXstreet.com (Barcelona) For more information, read our latest forex news.

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European markets apot moderate advances; Euro and Pound, steady at high levels

FXstreet.com (Barcelona) - European stock markets are going through moderate gains on Friday as investors remain cautious amid uncertainty about corporate earnings. Euro and Pound and Yen have remained steady at high levels.Eurostoxx 50 Index adds 0.82% while German DAX Index rises 0.91% and the French CAC Index trades 0.75% above its opening level. In the UK, London FTSE Index rises 0.61% around midday central European time.On the macroeconomic front, UK Gross Domestic Product declined 1.9% in the first

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Forex: USD/JPY reacts down after the US GDP bad data

FXstreet.com (Barcelona) - USD/JPY has falling 35 pips from 96.00 to test intra-day low at 1.9565 in the first minutes after the worst than expected 1Q US GDP data. Currently the pair is trading around 95.65/75, posting 1.00% daily losses from opening price at 96.70.Gross Domestic Product Annualized has been revised to a 5.7% drop in the First Quarter of 2009 from the -6.1% posted previously. Market expectations was 5.5% decreases between January and March.Nick Nasad, Analyst at CMS, affirms

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Forex: GBP/USD tests 1.6175 resistance after the US 1Q GDP data

FXstreet.com (Barcelona) - GBP/USD has risen around 50 pips from 1.6130 to test the 1.6175 resistance level after the smaller than expected revision on US 1Q GDP data. Currently the pair is trading 1.6160/70, 1.30% above today's opening price action.Gross Domestic Product Annualized has been revised to a 5.7% drop in the First Quarter of 2009 from the -6.1% posted previously. Market expectations was 5.5% decreases between January and March.Nick Nasad, Analyst at CMS, affirms in his US GDP FXstreet.com

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GBP/USD: Pound drops to 1.4600 after GDP data

FXstreet.com (Barcelona) ? The Pound seems to have been hammered by UK GDP data, and the Pair has dropped about 80 pips from 1.4675 to levels right at Apr 23 low 1.4595. UK Gross Domestic Product relative to the first quarter has been released to have dropped 1.9% in the first quarter and 4.1% year on year, according to preliminary estimations by National Statistics. The quarterly decline has been the largest since 1979.The Sterling, which was attempting to recover from

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Forex: GBP/USD falls below 1.4700 after worse than expected US GDP

Fxstreet.com (Barcelona) - GBP/USD is falling after the worse than expected US GDP, the pair has fallen around 40 pips from 1.4740 to test the 1.4700 level. On the day, The pair has risen 0.40% from opening price at 1.4641 to the currently range of 1.4695/1.4505.The US annualized Gross Domestic Product has fallen 6.1% in the first quarter of the year, well below of 5.0% decreases expected bu market but better than 6.3% decreases posted in the previous quarter. GDP

gross national product at gross domestic product ng industrial product - gold market prices decreases in oman - what is eur gbp expected to do for 2009

Forex: USD/CHF finds support at 1.1350 and is back to test 1.1400 level

FXstreet.com (Barcelona) - After falling around 75 pips in the European session from 1.1424 to reach 1.1349, fresh intra-week low, the USD/CHF has begun to rise to test 1.1400 level after the US GDP 1Q data releases. Currently the pair is trading around 1.1380/90, 0.45% decreases so far today from opening price at 1.1438.The US annualized Gross Domestic Product has fallen 6.1% in the first quarter of the year, well below of 5.0% decreases expected bu market but better than

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