Light Crude
Tuesday, January 12th, 2010<a href=”http://www.dailyFX.com/feeds/rss_all.xml”>Go to Source
Archive for January 12th, 2010
The Pound Rises on Strong Exports, Will Weak Equity Markets Reverse Gains?
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GBP/USD May Become Scalping Target If Wedge Formation Develops
Tuesday, January 12th, 2010The Pound found support overnight as the November U.K. trade balance report showed a rise in exports, reinforcing expectations that the economy returned to growth in the fourth quarter. The end of the recession could lead the BoE to cease liquidity providing efforts and turn its eye toward tightening. The higher interest rate expectations could continue to provide support but if resistance holds for the pair it could become a target for scalpers. There is very little event risk until next week when we see the release of employment and inflation data for December.
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US Dollar / Swiss Franc
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US Dollar / Canadian Dollar
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New Zealand Dollar / US Dollar
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Australian Dollar / US Dollar
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British Pound / US Dollar
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Euro/ US Dollar
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