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Copper Heads to Second Weekly Loss, Gold Advances

posted by Avatar commodityblog 2 days ago in Fundamental, Gold, Metals made popular 2 days ago

Copper headed to the fourth consecutive weekly loss today as concerns about the situation in Europe continued to plague markets. Gold futures had their first advance in four day as central banks continued to buy the metal. read more
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Canadian Dollar Fluctuates as U.S. Jobless Claims Little Changed

posted by Avatar grimadventures 2 days ago in Economic Indicators made popular 2 days ago

The currency traded little changed at C$1.0255 per US dollar at 8:39 am in Toronto, after gaining as much as 0.2 percent and falling 0.3 percent. Yesterday it depreciated to C$1.0296, its weakest level since Jan. 9. One Canadian dollar buys 97.51 US ... read more
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EUR/USD Flat After Reaching 22-Month Low

posted by Avatar commodityblog 2 days ago in USD, EUR, Fundamental made popular 2 days ago

EUR/USD was flat after earlier today it reached the lowest level since July 2010. The euro was continuously declining since the beginning of May as the possibility of Greece’s exit from the eurozone was becoming more and more material. read more
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Investors pick up Danish crowns as euro break-up hedge

posted by Avatar Sylvanna 2 days ago in all made popular 2 days ago

This has led to talk that the central bank may be forced to raise interest rates, which it could do as early as this week. Investors are betting that if the euro broke apart, Denmark would peg the crown to Germany's currency, whether the euro or a ... read more
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ForexLive: NZD/USD's Choppy Correction Higher

posted by Avatar ejc 2 days ago in NZD, Technical, Daily made popular 2 days ago

The NZDUSD has been chopping higher with the NY action staying above the 200 bar MA on the 5 minute chart and a loose channel trend line. Earlier the price pushed above the midpoint of the move down this week but that attempt was quickly rejecte read more
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USD/CAD Trading at Resistance Area Around 1.03

posted by Avatar FXTimes 2 days ago in USD, CAD, Technical made popular 2 days ago

The USD/CAD indeed pushed to the 1.03 level after breaking above the 1.0050-1.0060 resistance. The 1.0280-1.0315 area represent resistance pivots back in January 2012, with 1.0315 being the 2012 high. Although this resistance area sent the market read more
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Better Data Boosts Risk Appetite, Sending US Dollar Lower

posted by Avatar MMarquit 2 days ago in USD made popular 2 days ago

US dollar is moving lower right now, thanks to improved risk appetite. Most of that risk appetite is coming from enthusiasm over better data in the United States. Improvements to the US economy are helping high beta currencies, even after continu read more
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UK Q1 GDP Contracts More Than Initial Estimate

posted by Avatar Cittiperth 2 days ago in USD, GBP, Economic Indicators made popular 2 days ago

Meanwhile, output of the service industries rose by 0.1 percent. In a separate report, the ONS said business investment rose by GBP 1.1 billion sequentially to GBP 30.8 billion. On a yearly basis, investment grew GBP 3.8 billion or 14.2 percent. by RTT ... read more
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Private equity shops buy Global Blue for 1 bln eur

posted by Avatar provision 2 days ago in all made popular 2 days ago

Headquartered in Nyon, Switzerland, Global Blue's tax-free shopping business helps overseas travellers into Europe reclaim sales tax on their shopping and offers its service through more than 270000 retail locations worldwide. read more
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Eurozone Manufacturing (April), UK GDP (Q1) Contract Sharper

posted by Avatar FXTimes 2 days ago in EUR, GBP, Fundamental made popular 2 days ago

Note that everything is in contraction, except German services PMI. The EUR/USD made news lows over the European session after the releases, but has found support at 1.2510 heading into the US session and is showing some signs of consolidation.
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GBP/USD Dips Further, Next Target 1.56

posted by Avatar sparksy 2 days ago in USD, EUR, JPY, CAD, AUD made popular 2 days ago

On Wednesday Pound/Dollar continued decreasing with 100 pips. The Cable depreciated from 1.5772 to 1.5668 yesterday, in line with the negative money flow sentiment at nearly -22%, closing the day at 1.5689. Today the British Pound weakened slightly ... read more
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Facebook tries to Regroup as Wall Street Ekes Out Mixed Resu

posted by Avatar eToro 3 days ago in USD, Fundamental, Daily made popular 2 days ago

On Wednesday, Wall Street had looked as though it would continue its losing streak but managed to eke out a couple of gains at the closing bell, leaving traders to believe that there may still be some life left yet. At the end of trading, only th read more