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09 Oct 2007: Forex Technical Report GBP/USD
GBP/USD Open 2.0414 High 2.0428 Low 2.0327 Close 2.0355
The Pound/Dollar continued its consolidation and returned to the bottom line of the formed triangle on daily basis. Support for today is the top from 24 September 2.0320, followed by 2.0449 - a 21 day MA, and the 55 day MA 2.0496. ...
09 Oct 2007: USD strengthens on quiet trading
New Zealand dollar
NZD off seven week high ahead of NZIER. Despite a report from Quotable Value showing the first dip in New Zealand house prices in eight months, the NZD made early ground against a broadly weaker USD during the local session yesterday. The currency marked an intraday high of 0.7666, before posting a new seven week high of 0.7675 during offshore trade. ...
08 Oct 2007: Aussie hit 23−year high
Aussie hit 23−year high
Still, fears of a U.S. recession seemed to have receded and investors were piling back into riskier assets and high-yielding currencies. ...
08 Oct 2007: The US dollar initially lifted off of record lows
The US dollar initially lifted off of record lows, but quickly gave back its gains despite a strong non-farm payroll release that dampened expectations for a rate cut next month. Non-farm jobs in September grew to 110,000, the highest seen since May, while data for August and July were upwardly revised. ...
05 Oct 2007: USD three day rally snapped as markets await Non Farm Payrolls data
U.S. Dollar Trading (USD) eased on Thursday ceasing a three day rally as traders wait in anticipation of Fridays Non Farm Payrolls data, which may indicate further rate cuts from the Federal Reserve. ...