FreshPips.com / User / fx360 / Submitted

Aussie Stands Above The Crowd As Labor Demand Remains Robust

posted by fx360 625 days ago in AUD, Daily made popular 625 days ago

Australian employment data beat expectations printing at 30.9K versus 27.2K eyed, pushing Aussie to a fresh three month high as traders began to price in the possibility of further RBA rate hikes before the year end. Australian employment increas

Discuss

Aussie Leads, Cable Lags as High Beta FX Goes Separate Ways

posted by fx360 625 days ago in AUD, Daily made popular 625 days ago

A very fractured night in the currency market as high beta currencies followed their own individual paths with Aussie outperforming the pack by a wide margin while cable brought up the rear in the wake of weaker than expected UK trade figures. Au

Discuss

Stronger U.S. Data Boosts Risk but not the USD

posted by fx360 625 days ago in USD, Daily made popular 625 days ago

A sharp improvement in the U.S. trade deficit and decline in jobless claims helped to lift risk appetite across the forex market. With Federal Reserve officials warning about the risks in the U.S. economy and the prospect of slower growth in the

Discuss

USDJPY HITS FRESH 15 YR LOW ON RISK AVERSION

posted by fx360 626 days ago in USD, EUR, JPY made popular 626 days ago

countdown to the end of the year begins. Volume typically picks up this time of the year as investors, funds and trading desks scramble to bank additional profits before the volatility dries up during the holidays and trading books are officiall

Discuss

German Trade Contracts - Has Growth Peaked?

posted by fx360 626 days ago in USD, EUR made popular 626 days ago

German exports fell in July for only the second time this year suggesting that growth in EZ largest economy may be slowing into the second half of the year. The German Trade Balance declined to 13.5 Billion euros from 14.2 Billion euros the m

Discuss

Euro Selloff Continues as 1.2700 Gives Way

posted by fx360 626 days ago in USD, EUR, Daily made popular 626 days ago

After rebounding slightly during the Asian session the EUR/USD came under a fresh assault breaking below the 1.2700 barrier in early morning European trade as jitters over the financial state of the peripheral economies continued to pressure th

Discuss

Aussie Weakens As Political and Monetary Risks Weigh

posted by fx360 627 days ago in USD, AUD, Daily made popular 627 days ago

The Aussie dollar fell towards the .9100 cent mark after the Reserve Bank of Australia kept rates unchanged and the Labor party finally won enough independent votes to form a minority coalition government.

In its monetary policy statement t

Discuss

Euro Hit As Sovereign Debt Fears Resurface

posted by fx360 627 days ago in USD, EUR, Daily

The euro was massacred on the second trading day of the week falling more than 150 points in overnight trade after a Wall Street Journal article suggested that this summer’s bank stress tests were insufficient raising fresh concerns in the FX ma

Discuss

USD: Sustainability Of Rally Hinges On Payrolls

posted by fx360 632 days ago in USD, JPY, Daily made popular 632 days ago

The first trading day of September has started off with a bang and we can only hope that the performance in the financial markets for the rest of the year will be as strong as what we have seen today. U.S. stocks closed up more than 2 percent le

Discuss

Japan's Political Drama May Expedite Intervention in the Yen

posted by fx360 632 days ago in JPY, Daily made popular 632 days ago

Ichiro Ozawa who is mounting a leadership challenge for the ruling Democratic Party of Japan stated last night that the government must stop rapid rises in the yen. However he acknowledged that there was limited scope for BOJ to act alone on the

Discuss

Euro Holds Gains- Will ECB Hint At Tightening ?

posted by fx360 632 days ago in EUR, GBP, Daily

A relatively muted session in FX markets overnight with cable underperforming the rest of the high beta FX as weak UK housing data weighs on the unit. UK Nationwide survey showed a much larger than expected decline in prices of -0.9% versus -0.3

Discuss

German Consumer Confidence Hits a Two Year High

posted by fx360 639 days ago in USD, EUR, Daily made popular 639 days ago

German GFK consumer confidence rose to its highest level in more than two years hitting 4.1 versus 4.0 eyed as sentiment continued to improve in Europe’s largest economy. The increase in consumer confidence supports the stronger August servic

Discuss