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Dollar lower vs. rivals after ECB rate cut

posted by Avatar posh 170 days ago in EUR made popular 170 days ago

Forexpros - The US dollar was lower against its major counterparts on Thursday, as market sentiment strengthened after the European Central Bank lowered its benchmark interest rate for the second consecutive month. During European after trade, ... read more
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Why Early Dec Will Be Financial Markets Last Hurrah! Global Economy to Crash

posted by Avatar posh 179 days ago in CAD made popular 179 days ago

USD/CAD is leverage play on crude but even then USD/CAD supersede crude over a longer duration. We expect USD/CAD to play ball with risk as USDCAD falls back to 50 MA at 1.0220 levels before Dec is done. On fundamental side, we believe that the world ... read more
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GBP/USD Begins The Week Slightly Weak

posted by Avatar posh 187 days ago in USD, GBP made popular 187 days ago

On Friday Pound/Dollar increased with 150 pips. The Cable appreciated from 1.5736 to 1.5889 on Friday, in line with the positive Interbank sentiment at over +8%, closing the week at 1.5800. Today the British Pound slightly descended, reaching 1.5709. ... read more
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Japan Data Due On Monday

posted by Avatar posh 188 days ago in USD, EUR, JPY made popular 188 days ago

At the meeting, the policy board enhanced monetary easing by lifting the asset purchase program to JPY 55 trillion from JPY 50 trillion. The central bank retained its benchmark uncollateralized overnight call rate at around 0-0.1 percent by a unanimous ... read more
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JPY orders

posted by Avatar posh 191 days ago in JPY, NZD made popular 191 days ago

Tabla: Hi Sean, Falls in metals Is that also the reason for weakness in NZD as well and the spike up in... John Cheers: When was the last time Gold fell below the 200 Daily moving average? Seems highly unlikely. Bjorn: 3.9%? ... read more
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EUR/USD backs away from session highs

posted by Avatar posh 192 days ago in EUR

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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Euro Weakens As Italian Borrowing Costs Remain Steep

posted by Avatar posh 193 days ago in EUR, JPY made popular 193 days ago

There was little movement versus the sterling, with the euro holding at GBP 0.8566, having touched a 9-month low of GBP 0.8484 last week. Japan's gross domestic product was up an annualized 1.5 percent in the third quarter of 2011 compared to the ... read more
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GBP/USD dives below 1.6000

posted by Avatar posh 194 days ago in USD

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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Gold, Silver and Oil Technical Trading Outlook

posted by Avatar posh 198 days ago in Commodities

Despite trading into positive territory, and marking a high at 97.84, the weakness in equities and strength in the USD proved too much for prices. Crude Oil sold off back into negative territory to close at levels seen in overnight trade. ... read more
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Asia Midday Highlights

posted by Avatar posh 205 days ago in CHF made popular 204 days ago

AUD traded with a heavier tone on the back of the MPS released by the RBA, and prices duly broke 1.0400 and traded firmly to the downside thereafter. Shadowy bids (suspected from SNB) are still keeping EURCHF afloat above 1.2100 for now. ... read more
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U.K. House Prices Rise For Second Month, Likely To Remain Subdued: Nationwide

posted by Avatar posh 207 days ago in GBP

Economists had forecast a 0.5 percent increase. On a non-seasonally adjusted basis, the average house price in the UK fell to GBP 165650 from GBP 166256 in September. Other housing market indicators also suggest declining demand. ... read more
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Chart GBP/JPY Update: Extending consolidation

posted by Avatar posh 213 days ago in JPY

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