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Turkish cbank raises forex reserve requirement
* Forex reserves requirement raised by 0.5 pct point * Lira reserve requirement left unchanged * Move will soak up $720 mln fx from the market forex news 29 Jul 2010
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The Euro pared the decline from the previous day and rallied to a fresh monthly high of 1.3091 during the overnight trade, and the single-currency may continue to retrace the decline from earlier this year as the economic docket reinforced an improved outlook for the region. forex news 29 Jul 2010
Forex: EUR/USD hits fresh 11-week high at 1.3090
FXstreet.com (Barcelona) - The Euro has stretched higher against the Dollar on European session, breaking above 1.3045 session high to extend its rally from last week's low at 1.2730 to a fresh 11-week high at 1.3090 before pulling back to 1.3060. forex news 29 Jul 2010
Forex: GBP/USD rally capped at 1.5660
FXstreet.com (Barcelona) - The Pound attempted to extend rally from 1.5120 low last week, and the pair managed to break higher on early European session, reaching fresh 5-month high at 1.5660, to ease afterwards to 1.5630 area at the moment of writing. forex news 29 Jul 2010
Your Source for Daily FOREX Market News and Analysis
USD/CHF : The market could be in the process of carving out a material base after closing back above the 10-Day SMA on Tuesday. Any setbacks have been very well supported in the 1.0400 area and this should be encouraging for bulls. forex news 29 Jul 2010
Your Source for Daily FOREX Market News and Analysis
EUR/USD : The push to some fresh multi-day highs on Tuesday by 1.3045 was not impressive, with the market reversing and closing back by opening levels to set up a doji formation, that has now been followed up by yet another doji formation on Wednesday. forex news 29 Jul 2010
FOREX: Ringgit Closes Higher Against US Dollar
KUALA LUMPUR, July 29 (Bernama) -- The ringgit closed higher against the US dollar Thursday supported by firmer regional and local equities markets, dealers said. forex news 29 Jul 2010
Your Source for Daily FOREX Market News and Analysis
GBP/USD : Gains have been quite impressive over the past few sessions with the market taking out key resistance by the 200-Day SMA and closing above the longer-term SMA. This is the first time the market is above the 200-Day since January and could potentially warn of a major shift in the structure. forex news 29 Jul 2010
