Pentnews magazine » ForexWebTrader http://www.pentnews.com Pentnews Magazine delivers the latest RSS Feed headlines and information on the latest top stories: Thu, 09 Feb 2012 13:25:00 +0000 en hourly 1 The pound continues to fall, ForexWebTrader http://www.pentnews.com/forex/the-pound-continues-to-fall-forexwebtrader/ http://www.pentnews.com/forex/the-pound-continues-to-fall-forexwebtrader/#comments Tue, 25 May 2010 22:18:05 +0000 admin http://www.pentnews.com/?p=3493 The pound continues to fall as concerns remain high that the U.K will be unable to handle its massive debt, and that Europe’s financial problems will spread to the British island. Last week’s higher than expected CPI figure has added to investors concerns.

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The annual rate of consumer inflation rose 3.7% in April, up from 3.4% in March, and well above market expectations of a 3.5% increase.
The GBP/USD spent most of last week trading below the 1.4500 mark. The pair is currently trading in dangerous waters – any negative news from the U.K could very well push the pair below the 1.4000 figure.

On Tuesday, the U.K Bureau of National Statistics will release the nation’s Revised GDP figure.
Forex traders will want to see if the numbers will be revised higher following positive manufacturing sector numbers, or if the recent rise in inflation has sapped GDP growth.

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]]> http://www.pentnews.com/forex/the-pound-continues-to-fall-forexwebtrader/feed/ 0 Get a 10% Bonus on your first deposit ! http://www.pentnews.com/forex/get-a-10-bonus-on-your-first-deposit/ http://www.pentnews.com/forex/get-a-10-bonus-on-your-first-deposit/#comments Mon, 08 Feb 2010 18:04:45 +0000 admin http://www.pentnews.com/?p=702 Want to experience the excitement of the Forex market? Try ForexWebTrader’s award winning Forex platform. At ForexWebTrader, we pride ourselves at being one of the best and fastest Forex services available – see what it is really like to start trading in seconds.

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]]> http://www.pentnews.com/forex/get-a-10-bonus-on-your-first-deposit/feed/ 0 Forex Analysis 21.12.2009 http://www.pentnews.com/forex/forex-analysis-21-12-2009/ http://www.pentnews.com/forex/forex-analysis-21-12-2009/#comments Mon, 21 Dec 2009 12:14:13 +0000 admin http://www.pentnews.com/?p=538 What’s in store this week?
This week is one of the shortest in terms of economic data reporting so look for it to be quite slow and uneventful, unless some country has a major crises. The next two weeks of trading for that matter are going to feature very thin liquidity as they contain the Christmas and New Years holidays. Sometimes these days transpire very quietly, but there are plenty of examples of very exaggerated moves, especially in the week between Christmas and the New Year, so be careful out there as always.

USD
As the end of the year approaches, investors who sold off the Dollar during the year seem to be returning with a fury. The Dollar rose, albeit slightly on Friday, hitting eight month highs against the Euro and capping a good week overall for the USD. Investors who shorted the Dollar earlier in the year and helped it fall for most of it was now buying it back, locking in profits before the new tax year began. The week was highlighted by the Federal Reserve’s promise on Wednesday night to wind down its quantitative easing policy by February of 2010, and while it was far from the interest rate hike investors wanted, it was a sign that things are rebounding and gave traders hope for the New Year.

At the close, the Dollar traded up .11% to the Euro to 1.4335, up .23% against the Japanese Yen to 90.45, up .09% versus the British Pound Sterling to 1.6158, up .08% against the Australian Dollar to .8905 and up .11% to the Kiwi to .7114. The Dollar did fall by .98% to the Canadian Dollar to 1.0665 and .66% versus the Swiss Franc to 1.0424.

EUR/JPY
A massive reversal from an attempt at the lows as the market at first ran stops and then rallied on the Bank of Japan’s new determined deflation-fighting stance. The moves in interest rate spreads do not support the rally – so it will be interesting to see if JPY crosses can continue to rally on JPY-negative sentiment or some inscrutable new theme. In any case, Friday’s candlestick on the daily charts looks like an impressive bullish reversal and draws an emphatic line in the sand on the chart.

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