Current Global Forex Headlines from ActionForex.com

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• Wed, 22 Feb 2012 18:23:25 +0000: EUR/USD Looking for Triangle and Momentum Breakout
  After bouncing up from 1.32, instead of rallying to 1.33-1.3320 resistance area, the EUR/USD traded into a congestion triangle seen in the 1H chart. It should be noted that USD has been gaining across the board against the GBP, AUD, NZD, CAD, JPY, but not against the EUR, and CHF.
• Wed, 22 Feb 2012 17:15:55 +0000: The UK, QE and the Pound
  The Bank of England minutes from the February meeting were released on Wednesday and surprised the market because two members of the Committee (noted dove Adam Posen and David Miles) had voted to extend asset purchases by GBP75bn, more than the GBP50bn that the consensus wanted. This caused an immediate knee-jerk
• Wed, 22 Feb 2012 16:42:49 +0000: U.S. January Existing Home Sales Rise to Highest Level Since May 2010
  Existing home sales in the US rose 4.3% in January 2012 to 4.57 million annualized units from the downwardly revised 4.38 million seen in December 2011 (initially reported as 4.61 million). Today's increase was larger than the 1.0% increase expected by markets; however, the downward revision to the previous month
• Wed, 22 Feb 2012 15:35:10 +0000: Can it be? Commodity Dollars and JPY Weak on the Same Day?
  Today we have the odd spectacle of the weak commodity currencies and a weak Japanese yen a spectacle that is unlikely to continue in the near term. Which currencies to win the race to the bottom? The market's satisfaction with the Greek bailout deal remained in evidence as the Euro's
• Wed, 22 Feb 2012 15:30:56 +0000: GBP/USD & Other GBP Crosses Pressured by BOE Minutes
  One of the weakest performers today was the GBP as Bank of England Meeting Minutes revealed that two members voted for a larger expansion of the bond purchase program than the £50 billion the bank agreed to in early February. This certainly went against the sentiment the market had for the

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