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Fitch Downgrades New Zealand from AA+ to AA

posted by Avatar Gimmy 240 days ago in NZD, Economic Indicators made popular 240 days ago

According to Fitch New Zealand's net external debt of 83% of GDP on a USD basis by end-2010 was well above the 10% median for 'AA' range credits. "Fitch views New Zealand's high net external indebtedness as a key vulnerability, particularly in a global ... read more
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US Pending Home Sales to Set the Level for the USD Today

posted by Avatar Gimmy 240 days ago in EUR, Economic Indicators made popular 240 days ago

... assets remained vulnerable to doubts over the ability of European policy makers to stem a debt crisis that threatens to trigger a global recession. By yesterday's close, the USD fell against the EUR, pushing the oft-traded currency pair to 1.3650. ... read more
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USD Struggles Ahead Of FOMC, Outlook Hinges On Policy Statement

posted by Avatar Gimmy 248 days ago in USD made popular 248 days ago

... and the central bank may look to employ a broad range of tools in an effort to stem the risk for a double-dip recession. However, if we see the central bank endorse a wait-and-see approach, market participants should show a bullish USD reaction to ... read more
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GBP/USD Extends Gains As Fed Meeting In Focus

posted by Avatar Gimmy 249 days ago in USD made popular 249 days ago

Earlier in the day, official data showed that US building permits rose to a seven-month high of 0.62 million in August, while housing starts fell to 0.57 million, worse than expectations for a decline to 0.59 million. But the pound's gains were capped ... read more
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ForexLive Asian market wrap

posted by Avatar Gimmy 254 days ago in AUD made popular 254 days ago

Range: 1.3837/84 AUD/USD followed a similar path, taking its leads from the Asian currencies. The strong equity market performance has been ignored with no-one having any interest in taking on risk before the weekend. Ranges: 1.0290/1.0340 USD/JPY has ... read more
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USD/CHF steady after Swiss action on strong franc

posted by Avatar Gimmy 262 days ago in EUR, CHF made popular 262 days ago

USD/CHF hit 0.8540 during European morning trade, the daily low; the pair subsequently consolidated at 0.8575, shedding 0.51%. The pair was likely to find support at 0.8537, the day's low and resistance at 0.8626, Tuesday's high and a ... read more
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Chart AUD/JPY Update: High-wave candle settling prices into consolidation

posted by Avatar Gimmy 263 days ago in AUD made popular 263 days ago

by FXMarketAlerts Team - FXMarketAlerts | View company's profile The appearance of a high-wave candle last session is settling prices into consolidation with intraday trade expected to trade the 80.54-81.98 range set yesterday. ... read more
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Australian, N.Z. Dollars Fall on Growing European Debt Concern

posted by Avatar Gimmy 264 days ago in USD, JPY, CAD, AUD, NZD

The so-called Aussie fell for a third day against the yen as investors increased bets the Reserve Bank of Australia will cut interest rates next month. Economists say policy makers will keep the benchmark rate unchanged at 4.75 percent today. ... read more
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U.S. Dollar Gains As July Factory Orders Surprise

posted by Avatar Gimmy 269 days ago in CAD made popular 269 days ago

Following the release, the USD/CAD pair initially moved lower, dropping my approximately 10-pips, before rallying for another 40-pips, at the time this report was written. Despite the bullish data for the US economy, risk-appetite began to take a hit, ... read more
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Swiss property remains healthy, but strong franc threatens economic growth

posted by Avatar Gimmy 273 days ago in CHF made popular 273 days ago

To tame what it saw as runaway house price inflation, the Swiss National Bank (SNB) aggressively raised interest rates. Mortgage rates rose to 7.9% in October 1992, up from 4.9% in January 1989. Since most Swiss mortgages then were variable rate (about ... read more
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GBP/USD breaks below 1.6250 after Bernanke

posted by Avatar Gimmy 274 days ago in USD

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
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GBP/USD update (25th Aug 2011, 06:00)

posted by Avatar Gimmy 275 days ago in USD

After hitting a session high of 1.6532, sterling clumped to close on its low at 1.6364, as the US dollar saw some buying interest. In Asian trade, cable is unchanged at 1.6435. In news released this morning, British consumer confidence fell to 49 in ... read more