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Euribor rates inch up after Italy downgrade

posted by Avatar whatadous 249 days ago in USD, EUR, JPY, CAD made popular 249 days ago

The three-month Euribor rate -- traditionally the main gauge of unsecured interbank euro lending and a mix of interest rate expectations and banks' appetite for lending -- ticked up to 1.537 percent from 1.536 percent. Shorter-term one-week rates rose ... read more
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US corn at 5-week low, wheat falls on risk aversion

posted by Avatar whatadous 251 days ago in USD, EUR, AUD, Commodities made popular 251 days ago

"Grains have moved lower following a pretty significant move lower in the crude oil market and a sharp rally in the dollar index. Quite clearly the risk is coming off the table and grains are getting caught in that," said Luke Mathews, ... read more
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Aussie Dollar Set for Weekly Drop Before RBA Minutes

posted by Avatar whatadous 254 days ago in AUD

16 (Bloomberg) -- The Australian dollar headed for its biggest weekly slump against the yen in a month before the Reserve Bank releases minutes of its meeting next week amid speculation policy makers will cut interest rates this year. ... read more
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The EUR/USD pair was under moderate pressure in Asia

posted by Avatar whatadous 254 days ago in EUR, GBP made popular 254 days ago

Regarding the UK side of the story, there is a decent chance that the BoE will enlarge its program of asset purchases in case UK economic growth remains weak. The risk of more QE in the UK capped any gains of the UK currency. We had a LT EUR/GBP ... read more
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Intraday strategy in USD/CHF

posted by Avatar whatadous 264 days ago in CHF made popular 264 days ago

Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you ... read more
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Asia Midday Highlights

posted by Avatar whatadous 274 days ago in AUD

The Governor also stressed it too soon to judge the effects on the Australian economy from the global market rout. He also says that AUD at 1.1 'getting ahead of itself'. - Australia: Recent shocks on global markets may have helped ease some of the ... read more
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Emerging Europe Closing Summary and Highlights: 25 Aug

posted by Avatar whatadous 275 days ago in EUR

The minutes of the July rate setting meeting showed a hawkish bias ("majority of Council members did not rule out the possibility of further interest rate increases in the future, should the prospects of inflation returning to the target deteriorate") ... read more
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Daily Trading Forecast

posted by Avatar whatadous 278 days ago in CHF made popular 278 days ago

USD/CHF and USD/JPY got some recovery potential up to 0.7940/77.20. Asia today closed mixed, hesitant to make any directional moves at the start of the week. Now, in the European morning, recovery moves are clearly on their way. ... read more
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Chart EUR/AUD Update: Range trading

posted by Avatar whatadous 278 days ago in EUR made popular 278 days ago

by FXMarketAlerts Team - FXMarketAlerts | View company's profile Intraday trade stuck within the 1.3763-1.3870 band set last Friday and quick lift above 1.3870 hurdle needed to regain strength towards next hurdle at 1.4010. Slip of 1.3763 support will ... read more
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The Economy Is Slowing, Not Stalling

posted by Avatar whatadous 280 days ago in Economic Indicators made popular 280 days ago

Employment will increase, but not enough to lower the unemployment rate, which will stay at about 9%. For the euro zone, I'm forecasting zero [growth], since it will be dragged down by significant weakness in the [peripheral economies], such as Greece. ... read more
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Euro Holds Bearish Pattern, Cable Strength To Be Short-Lived

posted by Avatar whatadous 285 days ago in EUR

The Euro extended the overnight advance to reach a fresh daily high of 1.4387, but the near-term rally could be coming to an end as the EUR/USD continues to trade within a bearish pattern. The Euro extended the overnight advance to reach a fresh daily ... read more
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Oil Prices Hit Multi-Month Lows Before Rebounding

posted by Avatar whatadous 291 days ago in Commodities made popular 291 days ago

And Brent North Sea crude for September dived as low as USD 98.74 a barrel, hitting a level last seen on February 8. However, in late afternoon London deals, Brent oil stood at USD 104.62 per barrel, up 88 cents from yesterday's closing level. ... read more