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Facebook Heat could turn Wall Street from Sour to Sweet

posted by Avatar eToro 12 days ago in USD, Fundamental, Daily made popular 11 days ago

Ahead of the Facebook IPO – due to launch within the next few days – the heat’s been kicked up a notch and appetite for social networks stock whetted on the news that Groupon’s share price rose 18.54% in the overnight hours. According to the pres  read more
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German steelmakers give gloomy outlook

posted by Avatar sonnyboy 12 days ago in all made popular 11 days ago

Kloeckner & Co, Europe's biggest independent steel trader, warned last week it would only reach its 2012 profit target if Europe's economy improved in the second half of the year. ThyssenKrupp posted a net loss of 587 million euros in its fiscal second ...  read more
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Euro hits near 4-month low; bleak prospects seen

posted by Avatar Alice 12 days ago in all made popular 12 days ago

The euro fell to its lowest in nearly four months ...  read more
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GBP/USD Staying Resilient in a Risk Averse Environment

posted by Avatar FXTimes 12 days ago in USD, GBP, Technical made popular 12 days ago

The Sterling has been resilient some treating it as a safe haven amidst uncertainty in the Eurozone. It has been sliding against the USD, but not as much as other currencies such as the EUR or AUD. The 4H chart shows the market holding above the  read more
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Can Facebook IPO overcome European Debt Woes?

posted by Avatar eToro 12 days ago in USD, Fundamental, Daily made popular 12 days ago

The top two headlines over the past week or so have been the ever-enduring debt saga in the Eurozone and the imminent launch of what could be the largest tech-based IPO ever for social media behemoth Facebook. In isolation, one is a major concern  read more
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GBP/USD Downtrend May Extend, Next Target 1.6

posted by Avatar PipWatCher 12 days ago in USD, EUR, CAD, AUD made popular 12 days ago

On Friday Pound/Dollar resumed decreasing with 80 pips. The Cable depreciated from 1.6143 to 1.6061 yesterday, in line with the negative money flow sentiment at almost -7%, closing the week at 1.6060. Today the British Pound declined further, ...  read more
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USD Exchange Rate Climbs as Greece to Face Re-Election?

posted by Avatar PureFX 13 days ago in Fundamental, Sentiment, Daily made popular 13 days ago

The US and Canadian dollars have gained ground against the pound and euro, as speculation builds that Greece will need a second general election to form a government. This could bolster the support of anti-euro parties in Greece.  read more
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Australian Dollar Falls Below Parity Against U.S. Dollar On Greece Woes

posted by Avatar currencyplus 13 days ago in USD, EUR, AUD made popular 13 days ago

The Australian dollar that ended Friday's trading at 1.0014 against the US dollar slipped to 0.9998 in early Asian deals. If the aussie-greenback pair weakens further, it may target the 0.990 level. The Australian currency has been declining against ...  read more
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Inflation will be contained but non-mining sector will remain weak: Lowe

posted by Avatar Tottie 13 days ago in all made popular 13 days ago

The disinflationary impact of the high Australian dollar was expected to weaken over time, but at the same time, domestic sources of inflation risk were expected to ease, Mr Lowe said. The Australian dollar has risen by 70 per cent since 2008, ...  read more
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Singapore Stocks-May open up as China moves to boost growth

posted by Avatar Jason65 13 days ago in all made popular 13 days ago

----------------------MARKET SNAPSHOT @ 0015 GMT ------------ INSTRUMENT LAST PCT CHG NET CHG S&P 500 1353.39 -0.34% -4.600 USD/JPY 80.03 0.09% 0.070 10-YR US TSY YLD 1.8307 -- -0.010 SPOT GOLD 1580.72 0.15% 2.420 US CRUDE 95.58 -0.57% -0.550 DOW JONES ...  read more
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Oil Prices – Weekly Outlook May 14-18

posted by Avatar liorcohen 13 days ago in Fundamental, Weekly, Oil made popular 13 days ago

Crude oil prices continued their descent and mostly declined during the month (so far). The reports from OPEC and IEA might suggest the oil market is loosening up. The Brent premium over WTI slightly rose to $14 -$15 range.  read more
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Gold & Silver | Weekly Recap May 7-11

posted by Avatar makino 13 days ago in EUR, Commodities made popular 13 days ago

This news weakened the Euro and as a result metals also suffer from the strengthening of the USD. The industrial production output of China and India may have also adversely affected commodities rates. Several US reports came out during the week but ...  read more