what is eur gbp expected to do for 2009

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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USD Mixed Following ADP Employment Report

The U.S. dollar is mixed against majors in the aftermath of a larger-than-expected decline in U.S. employment for March and ahead of what could shape up to be a battle among G20 leaders in London.According to Automatic Data Processing Inc, the U.S. labour market lost 742k jobs in March, much worse than the 663k contraction expected and follows February's 706k fall. The result comes ahead of nonfarm payrolls from the Bureau of Labor Statistics on Friday, which

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Euro Moves Higher Despite Weaker U.S. Economic Growth

Weaker-than-expected U.S. first quarter economic growth is not having much impact on currency markets as the euro holds major gains against the greenback Wednesday morning.EUR/USD climbed steadily higher through most of the session and is currently in the mid-1.32 USD level. The latest U.S. data has not provided any direction for the cross.Recently, negative U.S. data has supported the U.S. dollar by boosting risk aversion sentiment. However, currency markets and equities shrugged off a stronger-than-expected drop in

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Deltastock Daily Fx Analysis

April 28, 2009Current level- 1.4545The pair is in a broad corrective phase, after bottoming at 1.3506. Trading is situated between the 50- and 200-day SMA, currently projected at 1.4422 and 1.5896. As expected, yesterday's dip was limited above 1.4504 and the rebound that followed peaked at 1.4693. We think, that the overall consolidation pattern above 1.4397 is not over yet and there is a chance for one more upward attempt in the 1.4772-4812 zone before renewal of the

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Wall Street advances on better than expected retailers reports, EUR fuelled by ECB

FXstreet.com (Barcelona) - US market has opened higher after the better than expected retailers reports as WallMart says its US yearly sales rose 5.0% in April, well above 3.0% expected by market. EUR is climbing up on ECB buying bonds plan and Trichet words, Risk appetite seems to be back.Dow Jones advances 0.25% to 8,530, S&P 500 is rising 0.49% to the 922.54 level. On the other hand, Nasdaq is losing 0.55% after open higher.EUR/USD has reached its monthly high

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Forex (foreign exchange) Currency trading

Forex trading (foreign exchange), Currency trading, Daily forex major currency technical analysis

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Momentum Continues to Support Canadian Dollar

The Canadian dollar continues to be one of the best performers despite broad-based gains by the U.S. dollar and more negative sentiment in financial markets.The risk aversion dominating currency markets is not supporting USD/CAD, as the cross remains under pressure. The Canadian dollar is the second best performer against the U.S. dollar - second only to the British pound - among G10 currencies.The U.S. dollar saw broad gains following higher-than-expected core CPI data. However the rally in

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Forex: USD/JPY : Decline from 101.45 high extends below 97.00

FXstreet.com (Barcelona) ? The Dollar has weakened during Asian session breaking below the upward trending support line from Jan 21 low at 87.00; Decline from 101.45 high on Apr 06 has extended below 97.00, reaching a fresh two-weeks low at 97.88.At the moment the Dollar struggles to remain above 97.00 support level, in case of further decline next support levels could stand at 96.50/40 and then 95.90 (Mar 30 low).On the upside, the Dollar might find resistance at 97.60, and

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RBA leaves rates unchanged at 3.00

Fxstreet.com (Jakarta) - The Reserve Bank of Australia as expected left its cash rate target unchanged at a 49-year low of 3.00% after a policy meeting earlier Tuesday. Strong gains in global equity prices over recent weeks also likely contributed to the RBA board's decision to keep interest rates on hold. But economists have said further cuts are nevertheless likely over coming months. Data is soon expected to confirm that Australia's economy is in a technical recession, with unemployment widely

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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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