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AUD/USD under pressure in Asia

posted by Avatar victoryismine 160 days ago in AUD

AUD/USD has lost the upside gap advantage at the weekly open, sliding from 0.9986 to 0.9930 in Asia; the Australian dollar still looks biased to the downside against the greenback. Technically speaking, The hourly chart, ... read more
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Aussie, Kiwi Snap Gains Before RBA Meeting as S&P Warns on Euro Ratings

posted by Avatar victoryismine 173 days ago in EUR, AUD

Demand for the Aussie dollar was also limited on bets the Reserve Bank of Australia, which lowered borrowing cost for the first time in 2 1/2 years last month, will cut interest rates again today to sustain the economy as Europe's debt crisis weighs on ... read more
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EUR/JPY bounces up to revisit 105.00/10 highs

posted by Avatar victoryismine 176 days ago in EUR

You must be aware of the risks of investing in forex, futures, and options and be willing to accept them in order to trade in these markets. Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with ... read more
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RBI should allow rupee to fall

posted by Avatar victoryismine 177 days ago in CAD

India is the only leading emerging market economy (EME) in Asia that has a persistent balance of payments current account deficit (CAD). Hence, the Indian forex reserves are vulnerable to the caprice of volatile capital movements. ... read more
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GBP/USD decline stalls at 1.5525/30 lows

posted by Avatar victoryismine 178 days ago in USD, EUR

Pound reversal from one-month highs at 1.5655 on Tuesday extended below 1.5580 support level at London opening times, and the pair, contained at 1.5525/30 has remained trading sideways over the European session, ... read more
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Daily Majors Fundamental: EUR/USD, GBP/USD, USD/CHF, USD/JPY

posted by Avatar victoryismine 178 days ago in EUR, CHF

However, investors are still cautious due to the worsening outlook for the euro area and global economies. European economic confidence retreated to 93.7 in Nov. compared with the prior 94.8, while Moody's Investor Service said it will put European ... read more
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Euro crisis: Now is not the time for obsessions

posted by Avatar victoryismine 178 days ago in EUR made popular 178 days ago

It's easy to blame profligate governments and consumers in Europe's South for the euro crisis: They used low interest rates to pay off public-sector employees and speculate in real estate rather than invest in productive assets to become more ... read more
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Pre Market Briefing, including 'US new home sales rose in October'

posted by Avatar victoryismine 179 days ago in USD, Commodities

Mining sector stocks, Vedanta Resources, Kazakhmys, Antofagasta, Xstrata and Rio Tinto jumped between 4.3% and 7.2%, in line with a rise in metal prices. Energy stocks, Essar Energy, Tullow Oil and BG Group gained between 4.3% and 5.4%, tracking the ... read more
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GBP/USD falls on European opening

posted by Avatar victoryismine 180 days ago in EUR

... the GBP/USD may shift focus away from further new trend lows. Supports for the pair at 1.5440, followed by 1.5400 and 1.5460, according to Delgado Egea. On the upside, resistance at 1.5530, 1.5570 and 1.5610 Trading foreign exchange on margin ... read more
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GBPUSD: Commerzbank and Deutsche Bank anticipate decline

posted by Avatar victoryismine 184 days ago in USD made popular 184 days ago

... expand the QE program, which remained unchanged (275B) as well as the key interest rate (0.5%). As for the British Pound, the analysts of Deutsche Bank expect that in the first part of 2012 the British Pound will be weaker against the US Dollar. ... read more
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Calais banking on strong Canadian dollar

posted by Avatar victoryismine 187 days ago in CAD

A sustained period of high value for the Canadian dollar is also building confidence among retailers in the US border community, said Barnes. "I think the downtown area is looking more attractive to having businesses open and locate in that area," she ... read more
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Bottom of the Class-Teachers Score Least in Smart Work Wear Poll

posted by Avatar victoryismine 187 days ago in GBP

One in three Brits admitted to investing an extra GBP 163 than they would normally spend a year since 2008 in their work wardrobe. A new suit (59%), smart jacket/blazer (41%), new trousers/skirt (38%), smarter shirt/blouse (22%) and matching coloured ... read more