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EUR/USD back above 1.3800

posted by Avatar aranel 225 days ago in EUR

Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your ... read more
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Canadian dollar rises on hopes EU is moving on crisis plan

posted by Avatar aranel 227 days ago in CAD, Commodities

That uncertainty is stifling lending both between banks and to the wider economy which threatens to throw the 17-country euro zone into a new recession and derail a fragile global economic recovery. Oil prices CL-FT snapped a five-session run of ... read more
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Tues 11 Oct, Hang Seng up over 3 %

posted by Avatar aranel 229 days ago in JPY

Business confidence index rises to -2 vs -9 in Aug *DPJ Policy chief Seiji Maehara says Japan have to take firm stance and sell JPY when necessary to stop negative cycle of extreme JPY appreciation. *Japan current account balance for August -64/3%y/y ... read more
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USD/CAD weekly outlook: October 10-14

posted by Avatar aranel 230 days ago in USD, CAD made popular 230 days ago

Also Tuesday, Federal Reserve Chairman Ben Bernanke said that the US economic recovery has been far less robust that the Fed had hoped, adding that the central bank was ready to do more to help the US economy. The US dollar dropped on Wednesday as ... read more
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Gold price gains on global uncertainty, silver rate slips

posted by Avatar aranel 235 days ago in Commodities made popular 235 days ago

In overseas markets, gold continued to surge on concerns over worsening euro-zone debt crisis amid renewed fears on Greece's inability to withstand default, resulting in a global economic uncertainty. In London, spot gold surged by USD 16.79 to USD ... read more
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Stocks Slump into New Month

posted by Avatar aranel 237 days ago in AUD, Commentary

The Australian Dollar (AUD) selling came back in force breaking to 0.9650 in the US session with the uncertainty and lack of progress on Greece creating a toxic environment for the Aussie. Commodities are also under heavy selling pressure and Chinese ... read more
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NZD/USD, shy movements in Asia

posted by Avatar aranel 237 days ago in NZD

At present, NZD/USD is trading in a limited range between 0.7635/0.7605, last quoted in the 0.7610 price zone. Next support lies at 0.7575 (25 March high) while, to the upside, next resistance lies at 0.7634 (26 Sept. low). Make significant savings on ... read more
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Canadian dollar sinks below 96 cents as an ugly quarter closes

posted by Avatar aranel 239 days ago in CAD

Stocks sank today and currencies were roiled as economic jitters again sapped the optimism of investors, closing out a third quarter many investors would like to forget. The Canadian dollar CAD/USD-I slipped below 96 cents US, hitting its lowest level ... read more
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Rangarajan hints at budgeted fiscal deficit missing its target

posted by Avatar aranel 240 days ago in CAD

On balance of payments issue, the former Reserve Bank of India governor said so far there was no problem in financing the current account deficit (CAD) as capital inflows have been adequate. He, however, cautioned, there was a need to moderate our ... read more
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EUR/USD slips back

posted by Avatar aranel 241 days ago in EUR made popular 241 days ago

Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your ... read more
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What is the Pre-FOMC Trade?

posted by Avatar aranel 249 days ago in AUD, Economic Indicators

Sean touched on this, noting that EUR/USD shorts and AUD/USD shorts are likely to be covered after the large declines this month. 2) Ride the worry trade. Unlikely but possible outcomes tend to seem more likely in the hours before the FOMC. ... read more
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AUD/USD finds resistance at 1.0300

posted by Avatar aranel 249 days ago in AUD made popular 249 days ago

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