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NZD market nervous ahead of RBNZ on Thursday

posted by mateo 810 days ago in AUD, NZD made popular 810 days ago

Despite the unanimous expectation that the RBNZ will leave New Zealand rates unchanged on Thursday morning, the NZD market remains a bit nervous. The market bought AUD/NZD aggressively on the break above 1.30 but has been quite quick to off-load

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Yen falls, high-yielders gain as risk in demand

posted by mateo 811 days ago in USD, JPY, Employment made popular 810 days ago

The yen was under pressure on Monday while demand for higher-yielding currencies was robust after better-than-expected U.S. jobs data supported optimism about an economic recovery.

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Euro Gains on Greek Budget Cuts

posted by mateo 811 days ago in USD, EUR, Trade

Bad news from Europe continues as the pound continues its decline and Investors remain concerned that Greece’s austerity measures may not be enough. On Wednesday the Greek government is set to announce 4.8 billion euros ($6.5 billion USD) of addi

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Currency: EUR / USD is near its highest intra-day

posted by mateo 811 days ago in USD, EUR

The Pound continues to consolidate above 1.5025 against the Dollar. GBP/USD has been trading in the last hours near the highs of the session that lie at 1.5075.

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Forex Tips : Learning through Losses Part 01

posted by mateo 811 days ago in Special

It is not a computer strategy game, nor a try try game. It is your real money.If you lose, you are losing the money, the other will have your money.

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Crude posts weekly gains despite increase in US stockpiles

posted by mateo 812 days ago in USD, Oil made popular 812 days ago

Crude prices surged this week, rising above US$81/barrel despite bearish US stockpiles data after benefitting from copper’s rally early in the week and strong gains in equity markets in Europe and the US.

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Ecuador trade deficit narrows in January

posted by mateo 813 days ago in USD, GDP, Trade made popular 813 days ago

Ecuador's Central Bank said on Friday the South American oil exporter posted a trade deficit of $17.9 million in January, down from a $403.1 million negative balance in the same month of 2009.

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Aussie dollar ends lower in quiet trade

posted by mateo 814 days ago in USD, AUD, Employment

The Australian dollar closed slightly lower after a quiet day of trade as investors awaited key US employment data to give them a fresh lead.

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Euro in Reverse, Dollar Supported Ahead of Payrolls

posted by mateo 814 days ago in USD, EUR made popular 814 days ago

The euro was on the defensive on Friday, as a short squeeze in the single currency appeared to have run in course, with investors fretting about debt-laden Greece and Moody's cutting Deutsche Bank's ratings.

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Euro Erratic Next Few Months

posted by mateo 815 days ago in EUR, Trade made popular 815 days ago

The euro will be quite erratic in the coming months as risks exist even after Greece announced its austerity plan to slash debt, says Stephen Roberts, chief economist, Australia at Nomura. He speaks to Tony Cripps of HSBC, and CNBC's Amanda Drury

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Euro gain after Greece's budget plan

posted by mateo 815 days ago in EUR, Employment

The euro rose against the U.S. dollar and stocks edged higher on Wednesday after Greece agreed to further budget cuts in hopes it will gain European help and data showed the U.S. labor market further on the mend.

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Euro reaches ten month low against US dollar

posted by mateo 816 days ago in USD, EUR, Trade

The euro reached a ten-month low against the US dollar earlier today over concerns about Greece's debt crisis. The euro traded at US$1.3436 in the morning, a level not seen since May of last year, although it finished the day back up at $1.3606.

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