FreshPips.com / User / Cittiperth / Submitted

Daily Summary on USD, EUR, GBP, JPY, AUD, CAD and NZD

posted by Cittiperth 162 days ago in USD, EUR, CAD, AUD, Commodities

The US dollar is slightly weaker across most major currencies as the market retraces some of the week's riskier positions. Despite the IMF's warnings of the future, plunging European export, the threat of European downgrades and Fitch Rating cuts of ...

Discuss

EUR/JPY falls 40 pips

posted by Cittiperth 162 days ago in USD, EUR

Similarly to the EUR/USD plunge after the US CPI data, the EUR/JPY has fallen by 40 pips and is currently quoting at 101.40. US CPI data held flat in November, proving right the Fed comments about inflation not being an issue ...

Discuss

Asian Highlights - Thurs Dec 15, SNB MPS EUR/CHF peg; Spanish auction

posted by Cittiperth 164 days ago in CHF, NZD

AUD/JPY sales continue to weigh on AUD. AUD hit 2-week lows of 0.9862. Eye break of 0.9800. Kiwi hit 3-week low 0.7461, focus on break of 0.7400 handle on risk aversion. * USD/CHF at 0.9533-35, at 10-m highs, while EUR/CHF edging up to 1.2385-90 ...

Discuss

USD/JPY slumps as market shrugs off manufacturing data

posted by Cittiperth 164 days ago in USD, EUR made popular 164 days ago

Consensus among analysts put the index falling -2 in the quarter, and the worse-than-expected figures suggest waning confidence in the economy among manufacturers. The dollar soared in earlier US and European sessions over ongoing concerns that Europe ...

Discuss

Canada manufacturing sales fall more-than-expected

posted by Cittiperth 164 days ago in CAD made popular 164 days ago

The decrease in October largely reflected lower sales in the petroleum and coal product, and the aerospace product and parts industries. Following the release of the data, the Canadian dollar remained lower against its US counterpart, with USD/CAD ...

Discuss

USD Index To Maintain Upward Trend, Australian Dollar Top In Place

posted by Cittiperth 169 days ago in AUD made popular 169 days ago

However, as market participation tends to thin ahead of the weekend, the USD looks poised to consolidate for the remainder of the day, and we should see the greenback extended the rebound from 3786 next week as the heightening risk for contagion ...

Discuss

Euro Rises Before European Summit, on IMF Plan; Yen Declines

posted by Cittiperth 174 days ago in EUR

The yen fell against most major peers after a Dec. 2 report showed the US jobless rate slid to the lowest since March 2009, supporting demand for higher-yielding currencies. "The ECB is prepared to do more as long as politicians get their fiscal house ...

Discuss

Markets Live: Stocks rally on banks plan

posted by Cittiperth 177 days ago in AUD

"The rapid run high in the AUD will have left a lot of the market shocked and still short," says Greg Gibbs, a strategist at RBS. "But their sceptical underbelly will keep them from chasing it higher now. "The Australian resources boom is robust and ...

Discuss

Good morning Emerging Europe/Africa

posted by Cittiperth 178 days ago in EUR, AUD

AUD in particular slumped to 1.0250 in thin conditions. Poor building approvals data saw the major dip further to 1.0215-20. Prices held steady before the release of the China official PMI, and although the print was worse than the consensus forecast, ...

Discuss

Market factors to watch - Nov 23

posted by Cittiperth 186 days ago in USD, EUR, JPY, AUD

... premium to WTI widens > Euro resilient; China PMI in focus ---------------- MARKET SNAPSHOT AT 0009 GMT ----------------- INSTRUMENT LAST PCT CHG NET CHG S&P 500 1188.04 -0.41 -4.94 USD/JPY 76.94 0.00 0.00 US 10YR 1.92 -0.08 0.00 SPOT GOLD 1700.09 ...

Discuss

Euro Rallies On ECB Rumors, Sterling Outlook Weighed By BoE

posted by Cittiperth 190 days ago in EUR

As the fundamental outlook for the euro-area remains clouded with high uncertainty, the relief rally in the EUR/USD is likely to be short-lived, and we may see the pair continue to find resistance around the 20-Day SMA at 1.3757. ...

Discuss

ForexLive Asian market wrap: Choppy consolidation the order of the day

posted by Cittiperth 191 days ago in AUD made popular 190 days ago

AUD/USD followed a similar pattern to the EUR, opening at .9995, falling to .9968 in early trade before rallying strongly to 1.0040 on short-covering in thin markets. Solid offers above 1.0030 helped repel the buyers. The other majors traded quietly ...

Discuss