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EUR/GBP down after UK data

posted by Avatar Gimmy 143 days ago in EUR, Economic Indicators made popular 143 days ago

Mixed results in the British economy are contributing to the downside in the cross, sliding into negative figures for the fifth consecutive week. PMI Construction, Consumer Credit and Mortgage Approvals all came in better ... read more
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Japanese integrated steels continue price talk with contract users

posted by Avatar Gimmy 151 days ago in JPY

Some users seek to reflect historical high yen rate to the steel price for the second half year when the yen rate keeps less than JPY 80 per US dollar. The integrated steel makers and contract users are talking on the price negotiation based on USD 167 ... read more
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FX USD/JPY: Idling as Japan data has no impact

posted by Avatar Gimmy 151 days ago in USD, JPY made popular 151 days ago

The USD/JPY has idled in a 77.82/91 range in early Asia after the stack of month-end Japanese data came in close to expectations and had no impact on FX trading. The market is buzzing about the US Treasury report released overnight went out of its way ... read more
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Potential gains and potential losses with Copper

posted by Avatar Gimmy 160 days ago in Commodities

Supported by strong demand in China, the copper price by February this year had surpassed its all time record, reaching USD 10190 a ton on London Metal Exchange (LME). However, since August it have fallen by more than 20 percent to USD 7263 a ton now ... read more
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USD/CAD Weekly Outlook: December 19 23

posted by Avatar Gimmy 160 days ago in CAD made popular 160 days ago

In the US, official data showed that core consumer price inflation rose more-than-expected in November, ticking up 0. 2% after a 0.1% increase the previous month. The report also showed that CPI was flat after a 0.1% decline in October. ... read more
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Kuwait to spend USD 30 bln on energy projects by 2012 - magazine

posted by Avatar Gimmy 160 days ago in USD made popular 160 days ago

KUWAIT, Dec 18 (KUNA) -- Kuwait will spend around USD 30 billion on energy-related projects by 2012, said an economic magazine here Sunday. MEED magazine, which specializes in the economy of the Middle East, said that oil and natural gas related ... read more
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EUR/USD Firms As Flight From Risk Eases

posted by Avatar Gimmy 162 days ago in EUR made popular 162 days ago

Fears of European downgrades and general uncertainty in recent sessions coupled with growing sentiment that the US will avoid both recession and serious inflation sparked a flight to the safety of the dollar. On Friday, however, appetite for risk ... read more
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Indian rupee may continue to drop against US dollar: Edelweiss

posted by Avatar Gimmy 171 days ago in USD, NZD

``Indian rupee shall continue to widely drop against EUR, GBP and US dollar at open tracking Asian region`s weakness and poor performance by regional currencies like Korean won & Indonesian Rupiah despite risk sensitive currencies(EUR, GBP, AUD, NZD) ... read more
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FX AUD/USD: Aus jobs data the key local event today

posted by Avatar Gimmy 171 days ago in AUD

Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your ... read more
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USD/CAD plunges on BoC unchanged rate of 1%

posted by Avatar Gimmy 172 days ago in CAD

The USD/CAD has lost more than 70 pips right after the Bank of Canada decision of leaving its interest rate at 1%. The pair dropped to 1.0125 area, fresh daily low. Analysts were already expecting the rate to remain at 1%, ... read more
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Daily Summary on USD, EUR, JPY, GBP, AUD, CAD and NZD

posted by Avatar Gimmy 176 days ago in NZD made popular 176 days ago

The EUR begins relatively flat after paring an early gain as investors remain apprehensive to hold the common currency even as plans to stabilize the region's economy materialize. After global central banks pledged to ease access to USD liquidity ... read more
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GBP/JPY up during the Asian session

posted by Avatar Gimmy 179 days ago in JPY

Forexpros The British Pound was higher against the Japanese Yen on Tuesday after the release of Japanese data on Unemployment Rate. GBP/JPY was trading at 121.19, up 0.19% at time of writing. The pair was likely to find support at 119.39, ... read more