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Daily Economic Roundup - June 2, 2010

posted by Buruguduy 725 days ago in USD, Fundamental, Daily made popular 725 days ago

As expected after a long weekend, the FX market came back into life yesterday. The day began with a strong dollar rally, which promptly faded when the US trading session kicked in. Is this ranging behavior we're seeing?

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Key Says Aussie to Beat Kiwi Dollar on Carry Trade

posted by jasumine 725 days ago in AUD, NZD made popular 725 days ago

New Zealand Prime Minister John Key, the former head of foreign exchange at Merrill Lynch & Co., said the nation’s currency may fail to keep pace with gains in the higher-yielding Australian dollar.

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Euro Seen Vulnerable Near 4-Year Low vs Dollar

posted by megumi 725 days ago in EUR made popular 725 days ago

The euro was steady against the U.S. dollar above a four-year low on Wednesday but looked increasingly vulnerable to another sell-off amid mounting concern that the euro zone's debt crisis is spreading to its banking system.

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USD Pares Gains on Construction Spending Surge

posted by mountaindewd 725 days ago in USD, EUR, Fundamental made popular 725 days ago

USD traded at a 15 month high Tuesday supported by European debt worries and bank concern and in reaction to weak PMI data from China.

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Australian Q1 GDP +0.5% MoM, 2.7% YoY

posted by sora 725 days ago in USD, AUD, GDP made popular 725 days ago

This is pretty much on expectations. The AUD/USD is still trading around .8350 but the market has a ’short feel’ to it and we may be in for some further squeezing.

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US gasoline price falls to three-month low

posted by fahrell 725 days ago in USD made popular 725 days ago

The average price US drivers paid to fill up at the gasoline pump fell to the lowest level in three months, the Energy Department said on Tuesday.

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Bank of Canada raises interest rate

posted by mateo 725 days ago in CAD, Inflation made popular 725 days ago

For the first time in nearly three years, Canada's central bank has begun cranking up its key lending rate from historic lows, even as the country's stronger-than-expected economic rebound is being overshadowed by an "uneven" global recovery and

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Australia’s rate stays on hold

posted by erzon 725 days ago in AUD, Inflation made popular 725 days ago

AUSTRALIA’S central bank yesterday chose to keep interest rates on hold at 4.5 per cent and indicated that rates could remain steady over the next few months.

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Daily Chart Art - June 2, 2010

posted by gosspipgirl 725 days ago in Technical made popular 725 days ago

Good day forex traders! Get ready to start your pipping adventure with a dose of my daily chart art. On today's set, I've got the GBPUSD, AUDUSD, and EURUSD pairs. Check 'em out!

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Australia, NZ dlrs soft as risk avoided on euro woes

posted by Arnaud 725 days ago in AUD, NZD made popular 725 days ago

The Australian and New Zealand dollars stayed under pressure on Wednesday as persistent nervousness about the impact of euro zone's debt problems weighed on risky investment such as stocks and high yield currencies.

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Gold at new high on Re’s free fall

posted by durkie 725 days ago in Gold made popular 725 days ago

Gold priced in rupee hit a new high, driven by a fall in the local currency, which suffered its worst single-day fall in 18 months as foreign investors pulled out of Indian equities amid fears of a worsening crisis in Europe.

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U.S. Dollar Closes Mostly Higher Boosted by Risk Aversion

posted by Alice 725 days ago in USD made popular 725 days ago

The U.S. Dollar finished the first full session back from the holiday week-end by posting gains against most major currencies. Risk aversion was the theme today as traders punished the Euro and the commodity linked-currencies while seeking shelte

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