Sterling Fights Back From Early Losses Versus Majors [GPB/USD]
The sterling extended its November downtrend versus other majors in Friday early deals, but was able to fight back in mid-morning action amid speculation its recent sell-off was overdone.
Stocks Showing A Lack Of Direction In Morning Trading - U.S. Commentary []
With traders digesting some mixed economic data, the U.S. stock markets are turning in a lackluster performance in morning trading on Thursday. Stocks have been unable to sustain any significant moves.
Loonie Snaps Back Versus Dollar, Euro [USD/CAD]
The Canadian dollar bounced back against its US counterpart on Friday, rising to .9704 from Thursday's 5-week low near the .99 mark. Prior to firming up today, the loonie had dropped almost 9 cents from last week's modern-era era high of .9056.
Euro Testing 2-month Low Versus Swiss Franc []
The euro is testing a 2-month low versus the Swiss franc Friday morning just before the opening bell on Wall Street. The euro slipped to 1.6382 in the last hour. A move below 1.6378 would take the euro to its lowest point since September 10.
European Markets End Slightly Higher; Banks Shine, Oils Decline - European Commentary []
The European markets closed slightly higher in choppy trading on Monday, as a rally among banking stocks offset the weakness in energy and mining stocks.
Friday, November 16, 2007
Sterling Fights Back From Early Losses Versus Majors [GPB/USD]
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Any views/ forecasts/ suggestions, though proferred with the best of intentions, are based on our reading of the market at the time of writing. They are subject to change without notice.Though the information sources are believed to be reliable, the information is not guaranteed for accuracy. Those acting in the market on the basis of these are themselves responsibly for any profits or losses that might occur, without recourse to us. World financial markets, and especially the Foreign Exchange markets, are inherently risky and it is assumed that those who trade these markets are fully aware of the risk of real loss involved.
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