posted by
commodityblog
19 hours ago
in USD, EUR, Fundamental
EUR/USD was swinging back and forth today as Federal Reserve Chairman Ben Bernanke sent mixed signals about the future monetary policy. The movement of the currency pair reflected shifting sentiment. Initially, the euro surged against the dollar,
posted by
GAINSY
19 hours ago
in USD, Technical, Daily
USD/JPY recovers mildly today but stays below 103.30 temporary top. More consolidations could still be seen and intraday bias remains neutral. In case of deeper retreat, downside should be contained by 99.94 support and bring another rally. Above
posted by
GAINSY
19 hours ago
in USD, GBP, Technical
Quick update: Dollar spiked against euro, with EUR/USD just missing 1.3 psychological level in early US session. In his testimony to the Joint Economic Committee of Congress, Fed chairman Bernanke warned that "premature tightening of monetary pol
posted by
GAINSY
19 hours ago
in EUR, GBP, Technical
Although intra-day rally to 0.8590 suggests low has possibly been formed at 0.8398 earlier and consolidation with upside bias remains for gain to 0.8600-10, break of previous resistsance at 0.8637 is needed to signal early fall from 0.8815 top ha
posted by
GAINSY
19 hours ago
in USD, CAD, Technical
Despite intra-day brief retreat to 1.0251 (we recommended to buy at 1.0260 yesterday), as the greenback found renewed buying interest and has rallied in line with our expectation, retaining our bullishness for recent rise to extend further gain t
posted by
GAINSY
19 hours ago
in EUR, JPY, Technical
Current rally above last week's high of 132.78 confirms recent upmove has finally resumed and further gain to 133.50 and 133.90-00 would be seen, however, near term overbought condition should limit upside to 134.50 and reckon psychological resis
posted by
GAINSY
19 hours ago
in USD, AUD, Technical
Although aussie has retreated again after recovering to 0.9842, break of recent low of 0.9711 (last week's low) is needed to confirm recent decline has resumed and extend weakness to previous support at 0.9672, however, a daily close below this l
posted by
GAINSY
19 hours ago
in Fundamental
An annualized 4.97 million existing homes were sold in the US in April 2013, which was a 0.6% increase from the revised 4.94 million annualized units sold in March (initially reported as 4.92 million).
posted by
GAINSY
19 hours ago
in Fundamental, Retail Sales
Nominal retail sales in March 2013 were unchanged in the month following a 0.7% jump in February, which was revised downward slightly from an initially reported gain of 0.8%. Expectations had been for sales in March to rise by 0.1%.
posted by
GAINSY
19 hours ago
in Fundamental
There was no big news in connection with today's meeting, which underscores that we have entered a phase in which BoJ-meetings in general will be less dramatic than during the past six months. The BoJ policy framework has been put in place and at
posted by
GAINSY
20 hours ago
in GBP, Fundamental
It's been a rough morning for GBP, with economic data thwarting early attempts at a GBP recovery. BOE minutes, retail sales and public sector data all weighed on the pound, pushing it below 1.5100 – a key support level. Data details:
posted by
GAINSY
20 hours ago
in Fundamental
Bank of Japan (BoJ) leaves policy unchanged (as expected). Upgrades economic outlook for 5th straight month