RBA Minutes Show Scope for Additional Stimulus, AUD Down
The Australian dollar weakened today as the minutes of last Reserve Bank of Australia policy meeting showed that policy makers thought additional stimulus may appropriate in the future.
USD Moves Higher, Fed Monetary Forecast In Focus
The dollar rose against major counterparts Monday ahead of the U.S. Federal Open Market Committee's two-day policy meeting tomorrow, while traders are expecting to get fresh clues about the Fed's next move.
Squeezed To Square: A False EUR Bid Into FOMC?
Asset class prices continue to fluctuate, mostly on the market's expectation of Fed tapering through QE easing later this year. The degree of 'swaying volatility' has already tapered somewhat, on the back of last week's major positioning. Mind yo
European Market Update
Risk-on sentiment maintains foothold as scales point towards dovish statement from Fed later this weekNotes/Observations
Iran elected a moderate president to take place of the outgoing Ahmadinejad without the need for a run-off
European Stocks Gain Before FOMC Meeting
European stocks opened higher Monday, rebounding from last week`s losses as investors awaited clues whether the Federal Reserve might exit its quantitative easing program this week.
Counting Down To The Fed
On Friday, markets enjoyed a second consecutive day of relative calm after the heightened volatility over the previous days. The trading pattern in EUR/USD was quite similar to what happened on Thursday. The pair gradually drifted off the intrada
Morning Forex Fundamental
'If the growth data disappoints in the latter half of this year then that could be very important for determining market sentiment towards the Eurozone' - Thanos Vamvikidis, head of European G10 forex strategy at Bank of America Merrill Lynch ...
G8 Summit In Sight
Asian markets started the week with improved sentiment. Stock markets mostly traded in the green zone before the two-day G8 summit starts in Northern Ireland today. The Nikkei 225 rallied 2.73%, Hang Seng added 1.34%, while ASX 200 and NZX 50 gai
USD/CHF: Swissy Moving Lower In The Asian Session
On Friday, the USD rose marginally against the CHF and closed at 0.9224.In the Asian session, at GMT0300, the pair is trading at 0.9241, with the USD trading 0.18% higher from Friday’s close.
USD/CAD: Loonie Fell On Unexpected Drop In Canadian Manufact
On Friday, the USD rose marginally against the CAD to close at 1.0172.The Canadian Dollar recorded losses after manufacturing shipments in Canada dropped unexpectedly by 2.4% (MoM) in April, following a 0.6% fall recorded in the previous mont
AUD/USD: Aussie Reverses Its Direction In The Asian Session
On Friday, the AUD weakened 0.12% against the USD to close at 0.9600.LME Copper prices declined 0.2% or $12.50/MT to $7045.0/MT. Aluminium prices rose 0.1% or $2.50/MT to $1815.5/MT.
AUD/USD's Fate May Be Decided This Week
The Australian dollar's spectacular fall against the USD dollar over the last couple of months has intensified speculation that a deeper correction may be around the corner. A slew of events and data releases this week may provide fuel for a pull


