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The Trading Week: May 16 - May 20

posted by Avatar skushno 377 days ago in USD

USD- US FOMC Meeting Minutes, a detailed record of the Fed's last monetary policy meeting that may provide an outlook on the economy, inflation and the Fed's future monetary policy, Wed., May 18, 2:00 pm, ET. The minutes from the Federal Open Market ... read more
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USD/CAD weekly outlook: May 16-20

posted by Avatar skushno 377 days ago in CAD

Also Wednesday, Canada is to publish an index of leading economic indicators, designed to predict the future direction of the economy, as well as data on wholesale sales, a leading indicator of consumer spending. The US is to publish its weekly report ... read more
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Larger Risk Retreat Now Appears to be Underway

posted by Avatar skushno 377 days ago in all

EUR/USD has dropped into the cloud. The USD index has tested the bottom of the cloud from below. These developments suggest that there may still be some bounce left in certain commodities and currencies/pullback in the USD, but that another week like ... read more
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Sterling falls, gilts gain on weak UK factory data

posted by Avatar skushno 380 days ago in all

Sterling fell to a 3-week low against the dollar and gilts extended gains on Thursday after UK industrial output data rose much less than expected in March. [ID:nUKLCGE7DY] Sterling GBP=D4 fell around 60 pips against the ... read more
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Obama Asks Congress To Stop Subsidizing Oil Companies

posted by Avatar skushno 392 days ago in USD, Commodities made popular 392 days ago

US President Barack Obama called on Congress Saturday to stop handing oil and gas companies USD four billion annually in taxpayer subsidies, affirming that America needs to invest in the energy of the future. After the worst recession since the Great ... read more
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No end in sight to soaring Australian dollar's record run as it approaches $US1.10

posted by Avatar skushno 400 days ago in USD, JPY, AUD

"The yen-funded carry trade could continue to boost demand for the Australian dollar as the Bank of Japan increases quantitative easing, which implies Japan's interest rates will remain at zero for years to come," Mr Kyriakopoulos said. ... read more
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GBP/USD down in U.S. trade

posted by Avatar skushno 407 days ago in USD, EUR made popular 407 days ago

By Forexpros.com The pair was likely to find support at 1.6228, Tuesday's low, and resistance at 1.6426, Monday's high. Meanwhile, the British Pound was up against the Euro and down against the Japanese Yen, with EUR/GBP shedding 0.09% to hit 0.8852 ... read more
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Asia Session: Yen Reverses as Risk Returns

posted by Avatar skushno 409 days ago in JPY, Economic Indicators made popular 408 days ago

by Forex.com Research Desk - FOREX.com | View company's profile The first event of the Asian trading session was brought about by the posting of a 23.5% GDP number in Singapore, prompting the Monetary Authority of Singapore to tighten monetary policy ... read more
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Germany's Govt Forecasts 2011 Public Deficit Of 2.5% Of GDP

posted by Avatar skushno 409 days ago in EUR made popular 409 days ago

Gerry Davies: EUR/GBP has been going up lately and so EUR/USD and GBP/USD not in synch as you put it. One reason for this is recent weaker than expected UK CPI data... Mano: Profit-taking or barrier defence would be the most likely reasons in this case ... read more
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JPY Cross buying flows

posted by Avatar skushno 409 days ago in JPY

Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you ... read more
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Portugal business body spies Qatar opportunities

posted by Avatar skushno 412 days ago in EUR made popular 412 days ago

Portugal will be particularly keen to strengthen its international commercial ties since seeking financial aid from its fellow Eurozone members last week, a bailout that has been initially estimated at EUR 80 billion. Rising yields for Portuguese bonds ... read more
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Currencies and Metals Outlook for April 8, 2011

posted by Avatar skushno 414 days ago in EUR, Commodities

The yen plunged to a 6-1/2 month low as it extends its correction lower from last month's record high of 76.36 per dollar. Bearish factors include (1) improved interest rate differentials for the euro after the ECB hiked interest rates 25 bp along with ... read more