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Market Commentary - 11th May 2009

posted by cane 1111 days ago in Fundamental, Daily

Building on gains seen following the positive market reaction to last week's ECB announcement, the euro continues to trend upward versus the dollar, hitting a near seven week high of $1.3665 in early morning trade and also trading well above its

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Dollar Continues Free-Fall Versus Majors As Green Shoots

posted by cane 1114 days ago in USD made popular 1114 days ago

The dollar took yet another brutal drubbing at the hands of other major currencies on Friday as traders expressed renewed risk appetite and relief that the government's stress test on the biggest banks produces no major surprises.

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Daily Forecast for EUR/USD

posted by cane 1115 days ago in USD, EUR

The underlying direction is bullish while the daily bias is neutral. This may indicate price consolidation or an unclear wave structure that needs confirmation.

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Gold and silver gain as greenback falls

posted by cane 1118 days ago in Gold

Gold climbed for the first time in three sessions on surging demand for the metal as a store of value while the dollar fell and investors prepared for the release later this week of US bank stress tests. Silver rose.

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Daily Forex Commentary for April 30, 2009

posted by cane 1123 days ago in Fundamental, Daily

The primary theme in the Forex markets on Wednesday was increased appetite for risk as investors punished the U.S. Dollar following the release of a government report showing the U.S. economy had contracted more than expected during the first qua

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UK Industrial Production Falls at Record Speed February

posted by cane 1145 days ago in GBP, Manufacturing made popular 1145 days ago

UK industrial production extended its losses into February, falling at a record annual pace as firms cut staff to cope with falling demand, the Office for National Statistics (ONS) reported.

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Confidence among NZ employers drops further

posted by cane 1151 days ago in NZD, Fundamental, Employment made popular 1151 days ago

The hiring expectations of New Zealand employers has dropped further, according to the latest Hudson Report. While three-quarters (76.4 per cent) of employers intend to increase or hold their current staff levels steady, 24 per cent intend to red

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Gold rises on weaker dollar, rising ETF demand

posted by cane 1158 days ago in Gold

Gold futures rose Wednesday for the first session in four, boosted by a weaker dollar and rising demand for gold exchange-traded fund.

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Europe Roundup - More Gloom For Germany,France; UK Inflation

posted by cane 1159 days ago in EUR, GBP, Inflation made popular 1159 days ago

Tuesday, there was yet another gloomier forecast for the German economy. In France, consumer spending declined more than expected in February, while business confidence remained at a record low level in March. UK annual inflation unexpectedly acc

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Technical Analysis for USD/JPY - March 23, 2009

posted by cane 1161 days ago in USD, JPY, Technical made popular 1161 days ago

96,24. USD JPY is in a consolidation after the last bullish movement. USD JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility decreases. Bollinger bands are tightened. 4H ForexSto (Modified Stoch

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Australian Dollar extends gains

posted by cane 1167 days ago in AUD

The Australian dollar has opened higher for the fifth straight local trading session despite a negative finish on US equity markets.

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Dollar Declines on Concern U.S. Financial Turmoil Will Incre

posted by cane 1178 days ago in USD, Fundamental

The dollar fell the most in a week against the euro and dropped against the yen on speculation the U.S. recession and financial turmoil will deepen, damping demand for the greenback.

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