The U.K. visible trade balance widened to 7.3 billion pounds which was the widest in almost a year, as imports rose faster than exports. Imports rose 5.2 percent, while exports climbed 4.5 percent on the month.
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Your Source for Daily FOREX Market News and Analysis
Wednesday, 10 February 2010 GMT
FOREX ALERTS >>
- Overnight Interest Rate Update 02.09.10 Tue, 09 Feb 2010 05:24 GMT
- RICS Survey Hints UK House Prices May Decline as Supply Swells Tue, 09 Feb 2010 04:41 GMT
- UK Retail Sales Growth Worst in 15 Years in January, says BRC Tue, 09 Feb 2010 02:19 GMT
Daily Briefings
Forex News
European markets
Euro Market Opening Brief
Tuesday, 09 February 2010 05:54 GMT
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Euro Higher on Greek Bailout Hopes but Markets Skeptical on Spain, Portugal
The Euro pushed higher against the US Dollar amid renewed hopes that a bail-out of Greece will be announced shortly, but rising costs of protection against default in Spain and Portugal reveal skepticism about a resolution of the larger southern European debt problem.
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US Market Opening Brief
Tuesday, 09 February 2010 12:05 GMT
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British Pound Gives Back, Euro Advances on Hopes for Greece Bailout
The British Pound failed to hold ground during the overnight trade and weakened against the greenback for the fifth day to reach a low of 1.5566, and the currency is likely to face increased volatility over the next 24 hours of trading as the Bank of England is scheduled to release its quarterly inflation report tomorrow at 13:30 GMT.
... Read MoreAsian Markets
Daily Fundamentals
Tuesday, 09 February 2010 01:17 GMT
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Dollar Advances for a Fourth Consecutive Session Despite a Tempered Pace of Risk Aversion
• Dollar Advances for a Fourth Consecutive Session Despite a Tempered Pace of Risk Aversion
• Euro Finds Little Consolation from EU Finance Ministers’ Greek Guarantees at G7
• Japanese Yen: Lending Troubles another Road Sign to the Next ‘Lost Decade’
• Commodity Currency Policymakers Start Rolling Back Emergency Aid
TOP FX HEADLINES
Tuesday, 09 February 2010 13:22 GMT
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U.K. Trade Balance Widens As Imports Outpace Exports
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Opening Comment
Tuesday, 09 February 2010 05:28 GMT
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Opening Comment 02.09
The markets are starting to show a willingness to correct on Tuesday with most of the major currencies tracking higher against the buck following some sharp setbacks over the past several days. Fed Dudley has been out talking up the US economy after saying that it is in much better shape than a year a go, despite pressures on some of the smaller and medium sized banks.
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Trading the News
Tuesday, 09 February 2010 19:12 GMT
EUR/USD: Trading the U.S. Advanced Retail Sales Report
Retail spending in the U.S. is expected to improve in January, with economists forecasting a 0.3% rise following the unexpected contraction during the holiday season, and the data is likely to encourage an improved outlook for the world’s largest economy as it emerges from the worst recession since the Great Depression.
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Scalping Report
Tuesday, 09 February 2010 15:34 GMT
Solid S/R Levels Makes USD/CAD Scalping Target
The Canadian dollar has found support on a surge in risk appetite due to speculation that Greece will receive help with their budget issues. Rumors aren’t enough to generate a sustainable rally which may limit further downside potential for the USD/CAD with solid support below. A failure to break above Fibo resistance slowed the longer-term bullish rally and has generated a period of consolidation which favors scalping strategies.
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Forex Trading Outlook
Tuesday, 09 February 2010 18:29 GMT
The Euro, Dow and Gold Rally on Speculation of a Greek Bailout
Daily analysis of the US forex market trading session with DailyFX Currency Strategist John Kicklighter and Terri Belkas
Daily analysis of the US forex market trading session with DailyFX Currency Strategist John Kicklighter and Terri Belkas
