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Dollar rises in mid-day Asian trade

posted by Avatar stephenie 229 days ago in NZD

The greenback was higher against its Canadian, Australian and New Zealand counterparts with USD/CAD up 0.07% to hit 1.0266, AUD/USD down by 0.06% to hit 0.9982, and NZD/USD falling 0.15% to hit 0.7825. The dollar index, which tracks the performance of ... read more
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Canadian dollar jumps on encouraging Canadian, US employment data

posted by Avatar stephenie 232 days ago in CAD

By Malcolm Morrison, The Canadian Press | October 07, 2011 A Canadian dollar is seen next to a US dollar Wednesday, January 26, 2011 in Montreal. THE CANADIAN PRESS/Paul Chiasson TORONTO - Better than expected employment data from Canada and the United ... read more
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USD/CAD extends gains, rises to daily high

posted by Avatar stephenie 233 days ago in EUR, CAD made popular 233 days ago

But market sentiment remained downbeat after outgoing ECB President Jean-Claude Trichet said the euro zone economy remained subject to particularly high uncertainty and intensified downside risks." The announcement came after the Bank of England ... read more
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USD JPY down in Asian trading hours

posted by Avatar stephenie 237 days ago in USD

Forexpros - The US Dollar was lower against the Japanese Yen on Monday after the release of Japanese data on Tankan Large Manufacturers Index. USD/JPY was trading at 77.00, down 0.07% at time of writing. The pair was likely to find support at 76.34, ... read more
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GBP/USD up in U.S. trade

posted by Avatar stephenie 242 days ago in USD, Economic Indicators made popular 242 days ago

Forexpros - The British Pound was higher against the US Dollar on Tuesday after the release of US data on CB Consumer Confidence. GBP/USD was trading at 1.5651, up 0.55% at time of writing. The pair was likely to find support at 1.5329, Thursday's low, ... read more
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The Week Ahead

posted by Avatar stephenie 244 days ago in NZD made popular 243 days ago

GBP/USD (low $1.5326) and EUR/USD(low $1.3384) at their weakest in months, the latter retracing exactly 50% of the rally from June 2010 to May 2011 (as did AUD and NZD). Needless to say 1-month at-the-money implied volatility is trading 2 standard ... read more
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Euro-Zone economy in retreat

posted by Avatar stephenie 246 days ago in EUR

However, "the euro crisis, if it is not solved in the next two or three months, will have an effect," he warns. Even if Germany is able to generate 1% or 1.5% GDP growth, enough to keep its unemployment rate low, it needs to expand much faster to keep ... read more
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Eurobond Talk Spurs Relief Rally

posted by Avatar stephenie 255 days ago in AUD, Commentary made popular 255 days ago

The Australian Dollar (AUD) the Aussie was the weakest currency in the market yesterday after the ABS released revised lower inflation numbers. The revision takes pressure off the RBA to hike rates and now the louder talk in the market is for rate cuts ... read more
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AUD/USD, upside still favored V.Bednarik

posted by Avatar stephenie 261 days ago in AUD made popular 261 days ago

Still showing no much strength according to the hourly chart, with price below moving averages and indicators not helping, the upside is still favored in the cross, as per Australian dollar self strength, comments Valeria Bednarik, Chief Analyst at ... read more
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US wheat falls for 2nd day on supply; corn, soy steady

posted by Avatar stephenie 262 days ago in USD, Commodities

Corn and soybeans were little changed after declining in the previous session as investors were cautious ahead of the US Department of Agriculture's supply-demand report on Monday, which will update the agency's crop forecasts. ... read more
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Good morning Emerging Europe/Africa

posted by Avatar stephenie 265 days ago in EUR, AUD

Although AUD was weighed on risk aversion as well, it opened where it left off on Friday and indeed saw a decent bounce to near 1.0600 after Australia company profit data came out better than expected. We are still hearing of tiered bids from Asian ... read more
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Market Insight 26 August 2011

posted by Avatar stephenie 275 days ago in AUD

AUD/USD continues to trade within the symmetrical triangle and traders will be waiting for a break in either direction for new trades. The bias looks to be building on to the long side, with a break of 1.0600 setting up a move back toward the all-time ... read more