Wednesday, November 26, 2008
US Dollar Tumbles as Q3 GDP Falls 0.5% Amidst Sharpest Contraction in Consumption Since 1980The
US dollar fell sharply across the majors as US data was broadly
disappointing, adding to the pile of evidence suggesting that the
nation is in the midst of recession.It seems that the
announcement of yet another Federal Reserve lending facility - this
time to support consumer and small business loans... [read more]
posted by fxgenguide,
in Federal Reserve, forecasted, ForexGen Trading Signals, GDP, indicator, US Dollar
@ 5:40 PM,
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Wednesday, November 26, 2008
The euro and British pound surged higher on Tuesday, breaking above key resistance points.More
specifically, EUR/USD managed to push above 1.30, a level that has
prevented previous recovery attempts in recent weeks. Meanwhile,
GBP/USD rallied above the 38.2% fib of 1.6671-1.4557 at 1.5361, which
also provided support in the past on October 24, October 27, and
November 11. The gains in the euro... [read more]
posted by fxgenguide,
in British pound, economy, euro, forecasted, forex markets, ForexGen Trading platforms, trading station
@ 5:21 PM,
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