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USD/JPY Fundamental Analysis January 16 Forecast

posted by Avatar milkyway 134 days ago in USD

A reminder that the US Dollar continues as the world's reserve currency and the recent positive tone in US economic data suggests that the Fed's may be easing away from introducing another round of quantitative easing. USD/JPY was trading at 76.79, ... read more
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Asia Midday Highlights

posted by Avatar milkyway 136 days ago in AUD made popular 135 days ago

Even the release of China CPI could not nudge prices out of their confined ranges, although AUD did dip a tad upon the release to 1.0281. Some banks are still calling for additional RRR cuts going forward before the Chinese New Year. ... read more
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November 2011 Euro area unemployment rate at 10.3% EU27 at 9.8%

posted by Avatar milkyway 140 days ago in EUR made popular 140 days ago

The euro area1 (EA17) seasonally-adjusted2 unemployment rate3 was 10.3% in November 2011, unchanged compared with October4. It was 10.0% in November 2010. The EU271 unemployment rate was 9.8% in November 2011, also unchanged compared with October4. ... read more
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Canadian dollar moves lower amid fresh worries about European banks

posted by Avatar milkyway 142 days ago in EUR made popular 142 days ago

A Canadian dollar coin, or loonie, and an American dollar sit in front of a scale in Quebec City, in this April 7, 2010 photo. THE CANADIAN PRESS/Jacques Boissinot TORONTO - The Canadian dollar headed lower as investors avoided risk amid the latest ... read more
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EU 'on brink of recession'

posted by Avatar milkyway 142 days ago in EUR

Euro-zone inflation slowed for the first time in five months last month, beginning a slowdown economists expect will revive deflation fears and tempt the European Central Bank (ECB) to cut rates below 1% for the first time in its history. ... read more
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Wheat falls for 2nd day on risk aversion; soy steady

posted by Avatar milkyway 143 days ago in Commodities made popular 143 days ago

The US Agriculture Department's National Agricultural Statistics Service has rated hard red winter wheat in Kansas 53 percent good to excellent, up from 47 percent at the end of November. Traders said the market was technically overbought after prices ... read more
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Gov't expects nearly $150 bln in export revenue in 2012

posted by Avatar milkyway 146 days ago in CAD made popular 146 days ago

According to the most recent data available, Turkey's foreign trade deficit -- the main reason for its wide current account deficit (CAD) -- dropped by nearly 3 percent to $7.53 billion in November of last year from $7.75 billion in the same month of ... read more
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IFAD to provide 100 mln USD to Ethiopia

posted by Avatar milkyway 155 days ago in USD made popular 155 days ago

MFIs and RUSACCOS are the only major sources of agricultural finance for smallholder farmers to support agricultural growth as well as rural employment opportunities. Co-financed by the government of Ethiopia, the Development Bank of Ethiopia, ... read more
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Chart EUR/JPY Update: Listless intraday trading

posted by Avatar milkyway 156 days ago in EUR, JPY made popular 155 days ago

by FXMarketAlerts Team - FXMarketAlerts | View company's profile 05:07 GMT - With the festive season around the corner and Japan away, intraday trade showing lack of incentive to move the market as prices extend sideways. For now, suggest trade the ... read more
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Asian summary

posted by Avatar milkyway 166 days ago in EUR made popular 166 days ago

In FX markets the EUR is rangebound against the USD and JPY after falling to multi-week lows in early trade amid caution over Europe's sovereign-debt problems. The EUR/USD is at 1.3187 from 1.3188 late Monday in New York, the EUR/JPY is at 102.69 from ... read more
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AUD/USD, modest upside reaction on weaker than expected China CPI

posted by Avatar milkyway 170 days ago in AUD, Economic Indicators made popular 170 days ago

Inflation continues to cool in China, undoubtedly making monetary policy-makers content that the recent easing measure taken such as lowering RRR requirements or cutting rates are having its effects. The Chinese YoY CPI stood ... read more
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Dollar Gains Head Of EU Summit

posted by Avatar milkyway 171 days ago in NZD

The greenback was up against its Canadian, Australian and New Zealand counterparts, with USD/CAD climbing 0.01% to hit 1.0099, AUD/USD falling 0.45% to hit 1.0248 and NZD/USD sliding 0.01% to hit 0.7797. The dollar index, which tracks the performance ... read more