posted by
commodityblog
8 minutes ago
in USD, EUR, Fundamental
The euro slumped against the US dollar as Federal Reserve Chairman Ben Bernanke said that the central bank will likely reduce stimulus by the end of the year. The currency was firm against some other majors, including the Great Britain pound and
posted by
AnnaMata
18 minutes ago
in NZD
"This was a genuine downside surprise relative to expectations, and therefore leans in the direction of later/fewer interest rate hikes and a lower NZD. However, the surprise was relatively small and does not alter the fundamental characteristics of ...
posted by
AnnaMata
50 minutes ago
in USD
WASHINGTON - The Federal Reserve has trimmed its growth forecast for 2013 slightly and slashed its inflation outlook, suggesting it saw little threat to prices from its ongoing easy-money program. MADRID - Spain's biting recession may end soon but the...
posted by
shen
1 hour 18 minutes ago
in AUD
According to analysts at NAB Global, The other key event this morning should be the China HSBC 'flash' manufacturing PMI, last at 49.2 and expected to show a small rise to 49.4. Anything worse than this risks fresh downward pressure on the AUD and...
posted by
cane
2 hours 18 minutes ago
in NZD
About 1 hour away from NZ GDP figures are out at 22:45 GMT, the Kiwi dollar is last trading at 0.7875, off fresh weekly and 6-day lows at 0.7854, printed on the back of a massive rally in the USD across the board, after ...
posted by
commentary
2 hours 50 minutes ago
in USD
U.K. retail sales are scheduled for release tomorrow and we are looking for an upside surprise that could help to stem some of the losses in sterling. Having broken below 1.56 and 1.55, the trend in the GBP/USD appears to have turned but whether these...
posted by
vinia
3 hours ago
in JPY, Commodities
It is not often that an impoverished Government turns down a twelve million USD Japanese grant, especially one whose terms have been negotiated to secure particular benefits to the people. All contractors were to have been local. There would have been...
posted by
FXTimes
4 hours ago
in USD, Technical, Fundamental
FOMC, Bernanke press conference: The FOMC held its Feds Funds rate between 0 to 0.25% as expected. It is maintaining its rate of $85bln/month asset purchase for now, though the FOMC’s economic projection improved. Fed Chariman Bernanke held a pre
posted by
GAINSY
4 hours ago
in USD, CHF, Technical
Although dollar's near term sideways trading is likely to continue, yesterday's retreat from 0.9262 to 0.9176 suggests correction from 0.9130 (last week's low) has possibly ended at 0.9272 earlier and consolidation with downside bias remains for
posted by
makino
5 hours ago
in Commodities
Agriculture Minister Sharad Pawar has been consistently opposing expansion of the scope of the existing Public Distribution System (PDS) through the proposed Food Security Bill (FSB). He talks with conviction because of his first-hand experience of the...
posted by
marius
5 hours ago
in CAD
Both the government as well as the RBI are concerned over the rising gold imports adding to a record high current account deficit (CAD) at 6.7 percent in October-December quarter of FY13. India is the largest consumer of gold. saikat.das@network18online.