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Good morning Emerging Europe/Africa

posted by Avatar Tottie 219 days ago in EUR, AUD

AUD/JPY dipped to sub-78.30 from 78.84 day highs. USD/JPY drifted lower to the 76.68-76.78 range. Nikkei was down almost 1%. - EU: Europe's grand plan to strengthen its banking system is set to fall well short of market expectations, identifying a ...  read more
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AUD/USD, bullish momentum still valid

posted by Avatar Tottie 221 days ago in AUD

Tuesday's trade saw AUD/USD recover a good part of ground lost on the previous session, reaching the 1.0325 price zone before retreating to close the session at 1.0260, more than 100 pips above its starting price. ...  read more
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Australian Dollar Faces Near-Term Pressure

posted by Avatar Tottie 221 days ago in AUD made popular 221 days ago

We remain constructive of the Australian dollar/dollar currency pair (AUD/USD) in the medium term because of our baseline expectation that China avoids a policy mistake and a hard landing. But we see immediate downside risks to the AUD/USD because of ...  read more
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Australia, New Zealand Dollars Slide Amid Debt Crisis Containment Concerns

posted by Avatar Tottie 241 days ago in AUD, NZD made popular 241 days ago

Developments regarding the euro-zone sovereign debt is really the major factor driving down the Aussie, said Janu Chan, an economist at St. George Bank Ltd. in Sydney. Negative sentiments would really follow through today. The Australian dollar ...  read more
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USD/CAD holds above 0.9900, nears daily highs

posted by Avatar Tottie 250 days ago in CAD made popular 250 days ago

The Loonie weakened on Monday along with equities and oil as investors moved away from riskier assets in benefit of safe-havens amid lingering fears about a Greek default. USD/CAD found support at the 0.9800 area during the ...  read more
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USD/CAD sideways above 0.9800

posted by Avatar Tottie 250 days ago in EUR, CAD

After closing Friday at its lowest level in over 2 weeks at 0.9789, USD/CAD recovered ground and peaked at 0.9845 at the beginning of the European session. However, the pair faced resistance at that level and helped by oil prices bounce, it eased back ...  read more
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Central Bank seeks to tighten retail lending regulation

posted by Avatar Tottie 257 days ago in CHF made popular 257 days ago

The maximum level of indebtedness will also be a factor in the following: the exchange rate shock: 35.5 percent for EUR, 52.6 percent for CHF and 40.9 percent for USD; the 0.6 percent shock on all currencies for interest rates and 6 percent for the ...  read more
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EUR/USD likely to remain under pressure - BBH

posted by Avatar Tottie 257 days ago in USD, EUR made popular 257 days ago

FXstreet.com (Crdoba) The EUR/USD is likely to remain under pressure and the US Dollar expected to remain bid during the week amid signs of waning market confidence according to the Brown Brothers Harriman, Global Currency Strategy Team. ...  read more
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Australian Dollar Holds Gains on Global Stocks Rally, Before Jobs Report

posted by Avatar Tottie 262 days ago in USD, Economic Indicators made popular 262 days ago

A separate poll showed the unemployment rate stayed at 5.1 percent in August. President Obama is scheduled to unveil his proposals for the US economy in an address to a joint session of Congress today. He plans to propose boosting job growth by ...  read more
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Canadian dollar at three-week high after Bernanke's comments

posted by Avatar Tottie 271 days ago in USD, CAD made popular 271 days ago

The Canadian dollar climbed to its highest level against the US dollar in more than three weeks on Monday morning after Federal Reserve Chairman Ben Bernanke left the door open on Friday for further action to stimulate the US economy. ...  read more
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Gold futures dips below Rs 26000 level; loses over Rs 700

posted by Avatar Tottie 275 days ago in Commodities made popular 275 days ago

... as rising equities helped curb demand for a safe haven and as CME Group raised futures margins. Meanwhile, gold declined by USD 30.35, or 1.7 per cent, to USD 1728.97 an ounce in London. The metal had touched a record high of USD 1913.50 an ounce ...  read more
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Currency Majors Technical Perspective

posted by Avatar Tottie 279 days ago in AUD made popular 279 days ago

Aussie has been drove and will probably continue subdue to market sentiment: the AUD/USD has followed stocks movement for most of the past week, as world turmoil keeps investors jumping. The hourly chart, shows the pair finding support at the 38.2% ...  read more