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EURUSD: Prime For a Breakout

By FX360,  April 24, 2012, 12:05:55 PM EDT

TODAY'S BIGGEST PERCENTAGE MOVERS

EUR/AUD +68 pips +0.53
AUD/CAD -54 pips -0.53
EUR/NZD +75 pips +0.48

THE STORIES IN THE CURRENCY MARKET

EXPECTATIONS FOR UPCOMING FED MEETINGS

CURRENT US INTEREST RATE: 0.25%
04/25 Meeting 06/20 Meeting
NO CHANGE 52.0% 46.1%
CUT TO 0BP 48.0% 51.8%
HIKE TO 50BP 0.0% 2.1%

EURUSD: PRIME FOR A BREAKOUT

FOMC Preview

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USD: COUNTING DOWN TO THE FOMC ANNOUNCEMENT

GBP: RECESSION AVERTED?

AUD: WEAK CPI SIGNALS POSSIBLE RATE CUT

JPY: DRIVEN LOWER BY MORE STIMULUS TALK

GBP/USD: Currency in Play for Next 24 Hours




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

Referenced Stocks:



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