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N.Z. Dollar Falls After Inflation Data; AUD Drops

posted by chuzzle 1223 days ago in NZD, Fundamental, Inflation made popular 1223 days ago

The New Zealand dollar approached a six-week low after a government report showed consumer prices fell last quarter, giving the central bank more room to cut interest rates to a record low next week.

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UK Rightmove Jan House Price Index -7.3% on Year

posted by chuzzle 1223 days ago in GBP, Fundamental, Housing

The average asking price for houses in the United Kingdom is down a record 7.3 percent on year in January, property website Rightmove said on Monday, standing at 213,570 pounds.

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Financial Markets: Headlines for January 17

posted by chuzzle 1226 days ago in USD, EUR, Daily

The ECB cut the main refinancing rate by 50bps to 2.00%, in line with our forecast and consistent with the market consensus; the ECB deposit facility rate drops by 100bps from 2% at present to 1% effective from 21 January, as the margin between t

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BOJ Says Economy Deteriorated in All Nine Regions

posted by chuzzle 1226 days ago in JPY, Fundamental

Japan’s economy weakened in all of the country’s nine regions over the past quarter as slumping exports prompted companies to cut production and fire workers, the central bank said.

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Crude Reality: How Long Can Oil Stay

posted by chuzzle 1228 days ago in Daily, Oil

Tuesday was a violent day for oil once again. Oil prices fell to near $36 a barrel on the NYMEX setting a new low point for 2008. Of course, many are still betting on a rebound in oil prices.

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American consumers crushed by job losses

posted by chuzzle 1232 days ago in USD, Fundamental, Retail Sales made popular 1231 days ago

On Wednesday, the government is scheduled to report retail sales for December, and economists expect a record sixth consecutive month of declines. While falling gas prices have relieved consumers to some extent, job losses are pinning down confid

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Jobs data helps USD

posted by chuzzle 1233 days ago in USD, Fundamental made popular 1232 days ago

The US dollar strengthened in relation to the euro Friday after the Labor Department’s official jobs numbers showed that the United States economy only lost 524,000 jobs in December, fewer than expected and many fewer than a private report showed

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Jan-06 market commentary and technical levels

posted by chuzzle 1236 days ago in Technical, Daily made popular 1236 days ago

As I had expected, after breakdown the descending triangle formation on 4h chart, the EURUSD made a significant bearish movement yesterday. The pair hit my short target at 1.3750 and 1.3600, even further, bottomed at 1.3546.

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USD/JPY - Dollar Yen

posted by chuzzle 1237 days ago in USD, JPY, Technical

93,37. USD JPY is in an uptrend supported by 1H exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified S

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USD/CHF - Dollar Swiss Franc

posted by chuzzle 1237 days ago in USD, CHF, Technical

1,1090. USD CHF broke 1,0850 resistance. The volatility is high. Bollinger bands are deviated. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on USD CHF.

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USD/CAD - US Dollar Canadian Dollar

posted by chuzzle 1237 days ago in USD, CAD, Technical

1,2149. USD CAD is in a range between 1,2080 and 1,2280. USD CAD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low.

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GBP/USD - British Pound Dollar

posted by chuzzle 1237 days ago in USD, GBP, Technical

1,4484. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration.

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