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New Zealand Dollar May Strengthen on Demand for Higher Yield

posted by Avatar JayP 1469 days ago in NZD, Sentiment, Oil made popular 1468 days ago

New Zealand's dollar may rise on speculation a drop in consumer confidence and high oil prices will slow U.S. economic growth, prompting investors to turn to high-yielding currencies. read more
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Canadian Dollar Rises to a Two-Month High

posted by Avatar JayP 1469 days ago in CAD, Sentiment, Oil made popular 1467 days ago

The Canadian dollar touched a two- month high and rose for a second week as surging commodity prices and stocks at a record boosted the currency's appeal. read more
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Trichet says wages in some countries should rise by

posted by Avatar JayP 1486 days ago in EUR, Fundamental, Employment made popular 1486 days ago

AACHEN, Germany (Thomson Financial) - European Central Bank President Jean-Claude Trichet said wages in some euro zone countries should rise by less than productivity in order to improve competitiveness. read more
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Jobless claims surge

posted by Avatar JayP 1486 days ago in USD, Fundamental, Employment made popular 1486 days ago

WASHINGTON (AP) -- The number of newly laid off workers filing claims for unemployment benefits soared last week. read more
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Canada stands alone as it dodges inflation bullet

posted by Avatar JayP 1488 days ago in CAD, Fundamental, Inflation made popular 1488 days ago

OTTAWA — The pace of inflation in Canada is among the lowest of industrialized countries, second only to Japan, according to a comparison on consumer prices in March by the Organization of Economic Co-operation and Development. read more
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Euro Crosses Likely to Continue Falling

posted by Avatar JayP 1488 days ago in EUR, Technical made popular 1488 days ago

We wrote last week that “a 3rd wave advance is most likely complete at .8097. The .81 level is round number resistance and Thursday’s top occurred right at a nearly 7 month resistance line. Expect the EURGBP to reach at least .7762 in the comin read more
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Trichet says important for ECB to control inflation at time

posted by Avatar JayP 1489 days ago in EUR, Inflation made popular 1489 days ago

VIENNA (Thomson Financial) - European Central Bank President Jean-Claude Trichet said it is even more important to control inflationary pressures at times of turmoil in financial markets. read more
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Dollar Recovery Stalls While Market Mulls Possible Fed Cut

posted by Avatar JayP 1489 days ago in USD made popular 1489 days ago

The US dollar is slightly lower against the Euro, Swiss franc and British pound on Monday. EUR/USD is capped by resistance around 1.5700-10 and its nearest support is around 1.5530-50, with read more