Aussie Edges Down as RBA Cuts Main Rate More Than Expected
The Australian dollar dipped today as the Reserve Bank of Australia cut its key cash rate more than analysts anticipated. The decrease of the rate was expected and perhaps priced in, but the scope of the cut took traders by surprise.
GBP/USD close to 2-day low on U.K. PMI, E.Z. worries
The report underlined concerns over the outlook for the UK economy, after official data last week showed that the economy entered a recession in the first quarter, although the pound remained supported by diminished expectations for another round of ...
Dollar & Dow Rally and QE Unwinding
Usually the conversation surrounding a Dow rally is dollar weakness but not today, the market's fallen down the "QE" rabbit hole.
A Truly Physical Perspective On Precious Metals
Many people will agree that silver is a beautiful precious metal. After just a little polishing, jewelry and crockery made from sterling silver can look just as good today as it did over a century ago. In fact, there are very few materials like silver ...
Quiet GBP/USD Today, Will Uptrend Continue?
On Tuesday Pound/Dollar decreased insignificantly with 70 pips. The Cable depreciated from 1.6254 to 1.6185 yesterday, in converse with the positive Interbank sentiment at under +22%, closing the day at 1.6218. Today the British Pound is trading ...
French Elections: Will Germany Bend for the Euro?
The runoff between incumbent president Nicolas Sarkozy and the socialist candidate Françios Hollande will be held on May 6th. All the polls point to a healthy majority for Hollande, of around 10%. His election will have implications on the euro.
Nielsen: Food Helps UK Shop Price Inflation Ease
By Market News International || May 7, 2012 at 23:10 GMT Sean Lee: Hi Khan, the trade balance is not the most watched piece of data but a deficit of 2.5bln would drop AUD/USD... Sean Lee: Hi Solange, I do agree that the picture has become less ...
gold prices prediction may 8 2012
Gold held steady on Tuesday as a backlash by voters in Greece and France against austerity measures continued to weigh on the euro,
C$ falters on Greece politics, CMHC
The Canadian dollar dropped to a low of C$1.0023 against the greenback, or 99.77 US cents, its lowest since April 16. By 2:00 pm (1800 GMT), it was at C$0.9983 versus the US dollar, or $1.0017, down from Monday's finish at C$0.9930 versus the US dollar ...
USD/JPY: Trading the Japanese Current Account
The Japanese Current Account measures the difference between imported and exported goods, services and other transfers. A reading which is higher than the market forecast is bearish for the dollar.Here are all the details, and 5 possible outc
90 seconds at 9 am: Australia cuts taxes and cuts spending; Greek political ...
Commodities are down; US oil down to US$97/barrel, Gold fell heavily and was under US$1600 per ounce at one point. Grain futures are very soft. All this bad sentiment has seen the New Zealand dollar continue its fall and it is now at 70.5 on the TWI, ...
GBP/AUD Trades At Resistance Pivot Ahead of BoE Meeting
The GBP/AUD has been in a strong bull run from about 1.4550 during 2/15 up to 1.6050 at the end of the 5/9 US trading session. The daily chart shows the market pushing above a channel in the previous few sessions, now testing a resistance pivot f


