posted by
GAINSY
9 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
10 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
10 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.
posted by
brilo
11 hours ago
in CAD
With Federal Reserve Chairman Ben Bernanke due to deliver his highly anticipated economic statement in just a few hours time the Canadian Dollar slumped to a week low against its US counterpart. The Canadian Dollar Exchange Rate was in the region of...
posted by
durkie
11 hours ago
in USD, CAD
The bond purchases, the third round of quantitative easing embarked on by the Fed in the wake of the 2008 financial collapse and subsequent recession, have kept interest rates and bond yields low. They have also helped keep a strong rally on most stock...
posted by
stewie
12 hours ago
in USD, Commodities
VIENNA, June 19 (KUNA) -- OPEC daily basket price was down 75 cents on Tuesday and stood at USD 103.10 a barrel, compared to USD 103.85 the previous day, said OPEC bulletin Wednesday. The new OPEC Reference Basket of Crudes (ORB) is made...
posted by
GAINSY
12 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
12 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
12 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
babyblue
12 hours ago
in USD
Investing.com - The pound pulled back from session lows against the dollar on Wednesday as investors looked ahead to the outcome of the Federal Reserve's monthly meeting later in the session. GBP/USD pulled back from 1.5604, the session low, to hit...
posted by
GAINSY
12 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
12 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