posted by
commodityblog
35 minutes ago
in USD, Fundamental, Daily
The Swedish krone fell today despite macroeconomic indicators showed that the nation’s economy is improving, reducing chances for an interest rate cut by the Riksbank.
posted by
commodityblog
1 hour 58 minutes ago
in Fundamental, Gold, Oil
Commodities, including crude oil and gold dropped today, after the US Federal Reserve hinted yesterday that quantitative easing may be reduced in the future.
posted by
commodityblog
3 hours 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
FXTimes
7 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
7 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
GAINSY
11 hours ago
in Technical, Daily
EUR: The single currency has traded narrowly throughout the day as traders await key event of the week - FOMC and further sideways trading is in store. At the moment, selling interest from Asian CBs is still seen around 1.3420-30 (some stops are
posted by
GAINSY
11 hours ago
in USD, Technical, Daily
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
posted by
GAINSY
11 hours ago
in USD, Technical, Daily
Dollar weakens again as recent consolidation continues and as markets await FOMC rate decision. FOMC statement will catch most attention later today. The focus would remain on discussion about the tapering of QE measures.
posted by
GAINSY
11 hours ago
in USD, CHF, Technical
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 weakness to 0.9150-60, however, break there is needed to add credenc
posted by
GAINSY
11 hours ago
in USD, GBP, Technical
Despite intra-day retreat to 1.5603, as the British pound has rebounded after holding above indicated support at 1.5565, retaining our view that further choppy consolidation would be seen and another bounce to 1.5700-10 cannot be ruled out, howev
posted by
GAINSY
13 hours ago
in USD, JPY, Fundamental
The dollar steadied against its major counterparts on Wednesday's European trading session as investors held their breath awaiting the outcome of the Federal Reserve`s policy meeting for signs on the U.S. stimulus outlook.