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February 21, 2008

GFT Market Recap: London Session

The GBP spiked higher in today’s trading, backed by stronger than expected UK Retail Sales data which came in at .8% v’s .3% expected last month. The EUR/USD started to move higher but was capped around the 1.4760 level and traded sideways for the rest of the session.

 

 

                RANGES

      11:00pm-7:00am EST

 

Low

High

EUR/USD

 1.4705

1.4759

GBP/USD

1.9410

1.9584

USD/JPY

107.92

108.27

USD/CHF

 1.0961

1.1018

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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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