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EUR/USD: Decline from 1.3385 hits intra-day low at 1.3190

FXstreet.com (Barcelona) ? The Euro has reversed widely previous gains and after having peaked at 1.3385, EUR/USD has suffered a downward correction that has driven the pair down to 1.3190 intra-day low on early U.S. session. At the moment the Euro trades around 1.3240.Valeria Bednarik, collaborator at FXstreet.com observes the Euro decline as a corrective move after two days of continuous climbing: ?Pair continues correcting after past two days upside run and braking under the 38.2% of the last up

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Asian markets rise; Euro and Pound consolidate

FXstreet.com (Barcelona) - Asian markets have risen on Wednesday despite Japanese GDP decline, as Goldman & Sachs upgraded its recommendations for trading houses and shipping lines. Euro and Pound are going through consolidation after two-days rally.Japanese Nikkei Index has added 0.5% despite the 15.2% year-on-year decline in Japanese GDP. The MSCI Asia Pacific Index rose another half percentage point. Mitsubishi Corp, a trading house with half of its activity dedicated to commodities has s¡urged 5.5% in Tokyo, while China

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Euro closing at 1.4011

FXstreet.com (Jakarta) - The Euro (EUR) the break above 1.4000 was relatively calm with the market not ready to push further without extra stimulus. The move higher was aggressive during the week and could be in store for consolidation if the AAA story fades from view.Overall the EUR/USD traded with a low of 1.3885 and a high of .1.4051 before closing at 1.4011, said Easy Forex Team.For more information, read our latest forex news.

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Forexnewsmarket.com 4/23/2009 News

ForexNewsMarket.com - 24/5 Forex News, Analysis, Trading Signals & Much More!4/23/2009Unemployment Levels Rise After Initial DropThe number of jobless claims filed last week rose to 640,000 for the entire week. The rise in claims comes after a drop the previous week. The increased number could be due to layoffs which have been commonplace

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GBP/USD; Sterling closing New York session at 1.4690

FXstreet.com (Jakarta) - The Sterling (GBP) rebounded with stocks supported by EUR/GBP selling and GBP/JPY buying. A lot of data is ahead of us this week including Q1 GDP which will be critical in the pounds short term direction. CPI (Mar) came in at 2.9% y/y as expected.?Overall the GBP/USD traded with a low of 1.4481 and a high of 1.4706 before closing the day at 1.4690 in the New York sesión,? said Easy Forex Team.For more information, read our

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Sterling closing the day at 1.4675

FXstreet.com (Jakarta) - The Sterling (GBP) had a mixed day coming under pressure in Europe as Q1 GDP came out at -1.9% vs. -1.6% previously. Helping the pair off lows was the better than expected March Retail Sales at 0.3% vs. -0.3%. Easy Forex Team said: ?Overall the GBP/USD traded with a low of 1.4577 and a high of 1.4773 before closing the day at 1.4675 in the New York session.?For more information, read our latest forex news.

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EUR/USD: Decline from 1.3385 hits intra-day low at 1.3190

FXstreet.com (Barcelona) ? The Euro has reversed widely previous gains and after having peaked at 1.3385, EUR/USD has suffered a downward correction that has driven the pair down to 1.3190 intra-day low on early U.S. session. At the moment the Euro trades around 1.3240.Valeria Bednarik, collaborator at FXstreet.com observes the Euro decline as a corrective move after two days of continuous climbing: ?Pair continues correcting after past two days upside run and braking under the 38.2% of the last up

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Sterling closing at 1.4915

FXstreet.com (Jakarta) - The Sterling (GBP) used better than expected data to surged back towards 1.5000 and helped the EUR/GBP back towards 0.8900. UK PMI Manufacturing jumped to 42.9 vs. 39.5 previously.Easy Forex Team said: ?Overall the GBP/USD traded with a low of 1.4735 and a high of 1.4935 before closing the day at 1.4915 in the New York session.?For more information, read our latest forex news.

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Canadian Dollar Moves Higher as Equities Make Major Gains

The Canadian dollar is moving higher against the greenback as positive sentiment sweeps all asset classes on Thursday morning.USD/CAD has been on a steady decline through the entire trading session, giving up more than 2 cents on the day. The cross has given up most of its gains since March 30 and is now trading below strong support at 1.24 CAD.Currency strategists will continue to look to equity markets for further direction in USD/CAD. Equities received a

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Sterling closing at 1.4780

FXstreet.com (Jakarta) - The Sterling (GBP) was able to overextend gains on the back of GFK consumer confidence jumping to -27 vs. -29 previously. Nationwide HPI was at -0.4% vs. -1.2% previously.Easy Forex Team said: ?Overall the GBP/USD traded with a low of 1.4705 and a high of 1.4946 before closing the day at 1.4780 in the New York session.?For more information, read our latest forex news.

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