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What to expect from the US Dollar Index in 2012

posted by Avatar wizardfx 130 days ago in USD, EUR made popular 130 days ago

Fundamental outlook Medium-term bullish The dollar's trend remains bullish on the European debt crisis and improved US economic growth. Bouts of short covering may boost the euro temporarily, but pressure remains from deteriorating interest rate ... read more
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USD/CAD pares losses after BoC keeps rate unchanged

posted by Avatar wizardfx 130 days ago in CAD made popular 130 days ago

Forexpros - The US dollar trimmed losses against its Canadian counterpart on Tuesday, after the Bank of Canada said the outlook for the global economy had deteriorated after it left its benchmark interest rate unchanged at 1% earlier. ... read more
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Sterling falls vs euro before UK CPI; rises vs dollar

posted by Avatar wizardfx 130 days ago in GBP, Economic Indicators made popular 130 days ago

Sterling fell against the euro ... read more
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Euro nears 16-month low on debt fears, world stocks fall

posted by Avatar wizardfx 136 days ago in EUR made popular 136 days ago

Oil prices also declined as investors rushed into the perceived safety of gold and sovereign bonds issued by the United States and Germany. The euro fell 0.8% to USD 1.2672, closing in on its 16-month low of USD 1.2666 set on Monday, after Fitch's head ... read more
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Pdvsa transfers USD 13.39 billion to the Treasury in nine months

posted by Avatar wizardfx 141 days ago in USD

Between January and September 2011, state-run oil company Petrleos de Venezuela (Pdvsa) transferred USD 13.39 billion to the National Treasury, according to the monthly bulletin issued by the Central Bank of Venezuela (BCV). Based on the report, ... read more
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US dollar mostly flat in end of year trade

posted by Avatar wizardfx 148 days ago in USD

Although a gauge of euro zone manufacturing activity rose from 46.4 to 46.9 in December, readings below 50 still indicate economic contraction providing little hope for the region. Meanwhile, the greenback was higher against the yen and down against ... read more
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AUD/USD unchanged above 1.0150

posted by Avatar wizardfx 152 days ago in AUD made popular 152 days ago

Aussie remains firm against the greenback, although AUD/USD barely managed to print its fifth successive day of gains on Monday, ending at 1.0163, just 5-pips above its opening price. AUD/USD volatility and trading volumes ... read more
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EUR/USD flat, US dollar down

posted by Avatar wizardfx 162 days ago in USD, EUR

As of writing the pair is advancing 0.02% at 1.3031 vs. a decline of 0.10% in the US Dollar Index. The pair has proven some resilience at 1.3000, although further strength is needed to change the actual bearish trend. The first hurdle on its way up ... read more
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Canadian dollar up amid mixed data, successful Spanish bond auction

posted by Avatar wizardfx 163 days ago in EUR, CAD

Meanwhile, there was a further indication Europe is sliding toward recession after the purchasing managers' index from financial data company Markit showed eurozone manufacturing and services output contracted for a fourth month in December, ... read more
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EUR/JPY, EUR/USD Flows: NKS/DJ: Japan GPIF to stick with European bonds

posted by Avatar wizardfx 165 days ago in EUR, AUD

RBA deputy Battellino remarked that it Australia will not be unaffected by an eurozone slowdown and that the AUD would also fall on the drag to the global economy it would present, serving to cushion the export-heavy Australian economy. ... read more
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AUD/USD breaks parity; next support at 0.9970

posted by Avatar wizardfx 165 days ago in AUD

Against the Australaian Dollar, the rate exchange just hit the magic parity level after falling roughly 70 pips since the FOMC announcement. The pair reached a session high at 1.0155 but hopes over lack of ammunition on the upcoming ESM to help Spanish ... read more
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Todays Outlook for EUR/USD & GBP/USD

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

If we can break this lower barrier we can trade lower with 1.5485 to 1.5460 the short Carol Harmer has over 30 years experience of analysing and trading the world's markets and is undoubtedly one of the most respected technical analysts in the world ... read more