Disclaimer: Forex trading involves high risks, with the potential for substantial losses and is not suitable for all persons. The views expressed in this blogsite are those of the author(s) and do not necessarily reflect the official policy, position, or opinions of Global Forex Trading. Excerpt from: Forex Market Recap
|  | | February 12, 2008 | | The GBP slipped lower after the report showing UK’s CPI figures came in lower than expected. The numbers came in at -.7% v’s -.6% (m-m) and 2.2% v’s 2.3% expected (y-y). The GBP did find some support as the day wore on and pared some of the losses as the GBP/USD ended the day around the 1.9500 level after reaching lows near 1.9440. The other majors were mostly range bound throughout the session.
RANGES 11:00pm-7:00am EST
| Low | High | EUR/USD | 1.4495 | 1.4548 | GBP/USD | 1.9442 | 1.9555 | USD/JPY | 106.82 | 107.14 | USD/CHF | 1.1001 | 1.1037 |
| Topic Tags: currency trading, dollar, euro, Euro, Forex market, Forex rates, forex resistance, forex software, Forex support, forex trading, Forex trading, Japanese Yen, US dollar | |
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