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Eurozone GDP post largest fall on record in 1Q; Euro and Pound pick up

FXstreet.com (Barcelona) - Eurozone's economy has registered the largest quarterly drop since records began in 1995; Gross Domestic Product posted a 2.5% drop on the quarter and a 4.6% year on year decline.Despite such discouraging news The Euro's immediate reaction was appreciation, the Euro has bounced up at 1.3550 and reached 1.3575 minutes after GDP data was released.The Pound is hesitant after GDP data, moving from 1.5170 to 1.5185, after having declined from 1.5245 high before the release of Euro

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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

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Forex: USD/JPY: Dollar will climb to 110.00 by year end; National Bank Financial

FXstreet.com (Barcelona) ? Dollar recovery from 87.00 low on January 21 has reached levels right below 100.00 on early April. national Bank Financial foresees the Dollar breaking above 100 during the current quarter to end 2009 year at levels around 110.00.The National Bank Financial technical analysis team forecasts the Dollar uptrend to extend above 100.00,to reach 102.00 at the end on the second quarter of the current year and continue appreciating throughout the rest of the year.USD/JPY will reach levels

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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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Conversor Marco alemão / Dólar de Formosa novo (GERMANY / FORMOSA, PROVÍNCIA DE CHINA)

Conversor Marco alemão / Dólar de Formosa novo permite-lhe converter a moeda da GERMANY em FORMOSA, PROVÍNCIA DE CHINA baseado na taxa de câmbio.

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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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