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The Opening Bell: Where currencies start on Monday, December 12, 2011

posted by Avatar ChocoFudgeCake 167 days ago in NZD made popular 167 days ago

Gold prices rose 0.3% on Friday to close at USD$1711 an ounce, while Copper and Nickel both climbed 1.6% higher. Oil prices also closed firmed in choppy trading. It is a light week data-wise domestically with NZ Food Price Index scheduled on Tuesday ... read more
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Gold remains steady as Europe resorts to desperate measures

posted by Avatar ChocoFudgeCake 171 days ago in EUR made popular 171 days ago

Only this weekend, Italian Prime Minister and Finance Minister Monti unveiled an ambitious EUR 30 billion austerity package to eliminate the budget deficit by 2013. The package includes measures to cut costs of the government and combat tax evasion. ... read more
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EUR/JPY pressing against 104.30 in early Tokyo

posted by Avatar ChocoFudgeCake 172 days ago in EUR made popular 172 days ago

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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EUR/JPY down during Asian trade

posted by Avatar ChocoFudgeCake 172 days ago in EUR made popular 172 days ago

The pair was likely to find support at 103.93, today's low, and resistance at 105.70, Friday's high. Meanwhile, the Euro was down against the US Dollar and the British Pound, with EUR/USD shedding 0.20% to hit 1.3376 and EUR/GBP falling 0.07% to hit ... read more
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The Globe and Mail

posted by Avatar ChocoFudgeCake 180 days ago in EUR made popular 180 days ago

The Canadian dollar CAD/USD-I jumped almost one-and-a-half cents (US) with traders willing to take on more risk amid hopes for a resolution to the European debt crisis. The loonie surged 1.43 cents to 96.72 cents as sentiment also turned positive on ... read more
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EUR/USD continued declining last week

posted by Avatar ChocoFudgeCake 181 days ago in EUR, AUD

AUD/USD lost considerable ground last week as risk assets were especially hard hit, and the rate reacted to weaker economic numbers out of China. The week began with the rate making its weekly high of 1.0012 before trading sharply lower as risk assets ... read more
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Analysis: US deliberates on how to assist Eurozone

posted by Avatar ChocoFudgeCake 182 days ago in EUR made popular 182 days ago

The Federal Reserve has already been lending to the ECB so as to ease pressures from those euro area banks unable to access the USD inter bank market and to facilitate the settling of US dollar obligations from those banks. ... read more
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Economy may crimp holiday sales but some retailers could see big online ...

posted by Avatar ChocoFudgeCake 182 days ago in EUR made popular 182 days ago

The report also mentioned that the major European economies were reporting lower sales with many of the largest countries in decline. With the euro zone even more conflicted than last year, a repeat of this pattern can be expected. On the other hand, ... read more
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Foreign Currency Commentary

posted by Avatar ChocoFudgeCake 191 days ago in JPY

The Japanese yen will remain strong roughly the 77.00 level in USD/JPY but will not go much lower than that. Buyers of the yen will be afraid of intervention by Japanese authorities; but also Japanese authorities are afraid of intervention, ... read more
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Asian institutional investors take aggressive stance on volatility

posted by Avatar ChocoFudgeCake 192 days ago in EUR made popular 192 days ago

While the latest data suggests the US has dodged a double-dip recession with GDP growing 2.5% in the third quarter and after European policy-makers finally agreed a stabilisation package in October, Italy is now mired in a sovereign debt crisis and ... read more
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Markets stabilised overnight, but the Italian situation still remains very ...

posted by Avatar ChocoFudgeCake 198 days ago in USD, EUR, GBP, NZD made popular 198 days ago

The European Union lowered its GDP forecast to just 0.5% in 2012, which brings it more into line with the OECD's 0.3% forecast of last week Trading in the other major currencies was very whippy overnight. GDP/USD traded inside a wide 1.5870 to 1.5980 ... read more
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Oil rises towards $113, US jobs data helps

posted by Avatar ChocoFudgeCake 198 days ago in Commodities made popular 198 days ago

The US crude contract made stronger gains and was up 91 cents at USD 96.65 a barrel by the same time, narrowing the spread between the two contracts to around USD 16. US data showed new claims for unemployment benefits declined for a second straight ... read more