Intraday Forecast: EUR/USD ; USD/JPY ; USD/CHF ; GBP/USD - S
EUR/USD: No change in EUR/USD's outlook. Rebound from 1.2746 is viewed as a corrective move and we'd expect strong resistance above 61.8% retracement of 1.3710 to 1.2746 at 1.3342 to complete the correction. Below 1.3177 will turn bias back to th
Intraday Statement: Consolidation Continues, No Reaction to
Forex markets continue to consolidate in tight range today as investors are staying cautious ahead of FOMC announcement. The focus would remain on discussion about the tapering of QE measures. Besides the meeting statement, the Fed would also rel
FOMC Preview: Once again Bernanke Faces a Communication Chal
The forward-looking parts of the FOMC statement are likely to remain unchanged but the description of current developments might see some changes. In particular, the May statement said that longer-term inflation expectations have remained stable
Event-Full Week Ahead
The two-day G8 gathering starts today in Northern Ireland, to launch the event-full week ahead of us. The FOMC meeting, the SNB and the Norges Bank's policy verdicts are some of the key events on this week's busy agenda. The FX markets started th
FX Volatility Continues Before G-8 Summit, Fed Policy
Calm is still far from the financial markets facing more volatility with the start of the week, as traders brace for another heavy round of first-tier economic events, featuring the G-8 meeting and the Fed's interest rate decision.
Asian Market Update
Volatility subsides as talk of Fed taper takes the backseat to weak US consumer confidenceEconomic Data
(NZ) NEW ZEALAND Q2 WESTPAC CONSUMER CONFIDENCE: 116.6 V 110.8 PRIOR
Markets Enter A Vacuum Awaiting The FOMC, JPY Stronger Aussi
Stocks in the US ended the week under pressure as the Yen surged again and people reacquianted themselves with the relationship between USDJPY and the S&P 500. Data in the US was weaker than expected and the weekend just bought us a couple of day
EUR/USD: Euro Moving Southwards In The Morning Session
On Friday, EUR declined 0.15% against the USD and closed at 1.3340, after report showed that employment in the Euro area continues to drop in the Q1 2013. Additionally, the annual consumer price inflation in the Euro-zone rose in line with prelim
GBP/USD: UK's Rightmove House Price Index Advances In June
On Friday, GBP fell marginally against the USD and closed at 1.5703,On the economic front, UK's construction output dropped 1.1% (YoY) in April, against the expected 4.1% drop and following a 7.2% drop reported in March.
USD/JPY: Tertiary Industry Activity In Japan Remains Flat In
On Friday, the USD weakened 1.36% against the JPY and closed at 94.28, after the University of Michigan consumer sentiment index recorded an unexpected drop in June after rising to the highest level in almost six years in May.
Big Week For EUR/NZD
It's a big week for the euro and the kiwi, with a slew of potential market moving announcements and data releases, and let's not forget the G8 summit kicks-off in Northern Ireland tomorrow.
RBI Policy for next session
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