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USD Forecast to Lose Further Against Euro on Forex Sentiment

posted by DailyFX 709 days ago in USD, EUR, Sentiment made popular 709 days ago

A considerable pullback in the US Dollar has been met with aggressive forex trading crowd buying, giving contrarian signal to stay short the US Dollar against the Euro, British Pound, and Canadian Dollar

Read more: DailyFX - US Dollar Forecast

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USD/CAD Establishes Short-Term Triple Bottom

posted by jameschen 709 days ago in USD, CAD, Technical made popular 709 days ago

USD/CAD, an hourly chart of which is shown, has established a triple bottom low around the 1.0220 price region. This has established key support for the pair.

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Market opening analysis

posted by Gimmy 709 days ago in Fundamental, Employment made popular 709 days ago

Initial jobless claims rose to 470,000 last week, higher than expected, while the cost of living declined.

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King Says BOE Will Start Stimulus Exit by Raising Rate

posted by walteros 709 days ago in GBP, Fundamental, Inflation made popular 709 days ago

Bank of England Governor Mervyn King said officials will probably raise interest rates before selling bonds when they decide to remove stimulus in the economy, which is still struggling to shake off the effects of the recession.

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"You're imbalanced!" "No, you're imbalanced!"

posted by Nica 709 days ago in Technical, Fundamental, Daily made popular 709 days ago

There's been a specific, yet passive, global contingent led by the US and somewhat supported by Europe, that believes the Chinese yuan is undervalued, that China possesses an unfair trade advantage by keeping their currency tied down.

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House prices edge up in London but confidence weakens

posted by jerome 711 days ago in GBP, Housing

House prices edged up in May, but there appears to be a weakening confidence in the London housing market, possibly due to concerns about the economy and likely budget cuts.

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Dollar Libor Reaches 11-Month High

posted by ForexPlaybook 711 days ago in USD, EUR, Fundamental made popular 711 days ago

The closely watched 3-month Libor rate for US dollars reached an 11-month high today, following Moody's latest Greece ratings cut issued yesterday.

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Goldman Sachs Commodities Index at 'Crossroads'

posted by ForexPlaybook 711 days ago in Gold, Oil, Metals made popular 711 days ago

The Goldman Sachs Commodities Index, a widely followed measure of commodities valuations, is testing a key level in trading today.

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EU Morning Report – Moody’s downgrades Greek debt to Junk!

posted by topequitynews 711 days ago in Technical, Daily made popular 711 days ago

Markets seemed to shun the fear of an EU wide debt crisis yesterday as global risk appetite picked up. It seems that no news is good news especially when the market was heavily pricing in risks of defaults. With a record number of short positions

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European Market Update – 6/15/10

posted by topequitynews 711 days ago in Technical, Daily made popular 711 days ago

Equities: European equities opened the session lower across the board as markets reacted to yesterday’s move by Moody’s to cut Greece’s debt to junk. Equities were also weighed down by earlier declines in shares of BP, SocGen and Tesco. As of 5:3

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Sterling slips after inflation data

posted by camac 711 days ago in GBP, Inflation made popular 711 days ago

Sterling fell back from one-month highs against the dollar as speculation that a change in monetary policy could be on the cards faded after UK inflation data came in under forecast.

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Euro eases as investors look for cues

posted by fahrell 711 days ago in USD, EUR made popular 711 days ago

The euro eased against the U.S. dollar and the yen in Asia yesterday as players looked to the stock markets for trading cues, dealers said.

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