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UFXBank Daily Review - January 19, 2010

Written by ForexCult Team
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Daily Review 19/01/2010

USD Dollar (USD) –
The Dollar weakened versus most majors after a low volume session and gains in world equity markets worldwide pushed the Dollar lower versus the other majors. U.S stock markets have been closed due to Martin Luther King Day. Crude was almost flat with 0.22% closing at 78.25$ a barrel and Gold (XAU) almost unchanged closing at 1131.10$ an ounce. Today, TIC Long Term Purchases are expected stronger with 30.3B versus 20.7B prior.
EURO (EUR) –The Euro gained slightly versus the Dollar and weakened versus the Pound as Greece's debt problems continue to worry investors. Overall, EUR/USD traded with a low of 1.4335 and a high of 1.4408. EUR/USD has been trading near the 200 moving day average that acts as support and an upside move is possible. Today, German ZEW Economic Sentiment is expected weaker with 49.8 versus 50.4 prior.

EUR/USD - Last:  1.44

Resistance    1.4425    1.445    1.4485
Support    1.4365    1.4335    1.43



British Pound (GBP) &ndash

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Interview with Matthew Sheppard

Senior Forex Advisor at XForex

1. What is your name and position?

Hello, my name is Matthew Sheppard and I am a senior forex advisor at XForex.

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In the last 6 years I had filled several positions in financial institutions such as a stock broker, a foreign exchange desk manager, a financial consultant and in my recent role I serve as a senior Forex advisor for XForex which is an online forex company.

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Because of our high presence on the web, most of our business comes from the online world.

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