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China Premier Wen comments on the yuan

posted by Avatar Lacy 223 days ago in Economic Indicators made popular 222 days ago

USD/JPY again stayed in a tight range of about 30 pips. - PBoC Advisor Li Daokui speaking in the Chinese press said that CPI will continue to fall going forward; China will maintain prudent monetary policy; Q3 GDP may have reached 9.3%. ... read more
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Daily Crosses Fundamental: EUR/CHF, AUD/USD, USD/CAD, NZD/USD

posted by Avatar Lacy 227 days ago in CHF, AUD made popular 227 days ago

On the other hand, Australia's currency pared earlier losses after minutes of the central bank's policy meeting this month said the Reserve Bank is well placed to respond to global and domestic economic risks or inflation. On Wednesday, at 23:30 GMT ... read more
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U.K. Unemployment Highest In 17 Years

posted by Avatar Lacy 227 days ago in GBP, Economic Indicators

To stimulate the ailing economy, the Bank of England last week initiated another GBP 75 billion quantitative easing programme. Data today showed that the annual increase in earnings including bonus came in at 2.8 percent during three months to August, ... read more
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Shayne Heffernan Global Stock Market Outlook

posted by Avatar Lacy 230 days ago in Economic Indicators made popular 230 days ago

The US debt surpassed 100 percent of gross domestic product after the government's debt ceiling was lifted, on the 4th of August, 2011. On average, the euro zone region is running a budget deficit of 4.5 per cent of GDP. This compares with a budget ... read more
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AUD/USD: No change rate decision as expected

posted by Avatar Lacy 236 days ago in AUD

4X: sean, im really not trying to be a smart ass here, but isn't long AUD a bit risky a this time? nutjob: There were some good housing start and trade figures that came out, probably not that significant but almost... read more
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Canadian Dollar Reaches Three-Day Low on Global Growth Concern

posted by Avatar Lacy 249 days ago in CAD made popular 249 days ago

20 (Bloomberg) -- The Canadian dollar touched a three-day low versus its US counterpart as the International Monetary Fund cut its forecast for global economic growth and lowered projections for Canada. The currency fell for a second day as the IMF cut ... read more
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AUD/USD: Consumer Confidence to Help Tell The Tale of Australian Economy

posted by Avatar Lacy 256 days ago in AUD, Economic Indicators

The Australian dollar had been a star performer throughout the 2009 and 2010 during the height of carry trade brought about by the Fed's quantitative easing. The economy was able to skirt a recession in 2008, and thanks to its mining sector, ... read more
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Market eyes RBNZ policy statement

posted by Avatar Lacy 258 days ago in CHF, NZD

The focus for currency markets turned from the SNB's unilateral action to weaken the CHF early last week, towards increasing speculation about Greek default and euro exit, sending EUR sharply lower and dragging the NZD down. ... read more
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NY Session: Every dog has its day ...

posted by Avatar Lacy 263 days ago in NZD made popular 263 days ago

Commodity currencies see short-term divergences, with AUD/USD attempting to rally off 1.0500, USD/CAD peaking near 0.9950 and NZD/USD trying to bounce off 0.8210, however they all appear staged for further weakness over the coming sessions. ... read more
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Flash: EUR/USD direction of ECB's policy might add pressure Commerzbank

posted by Avatar Lacy 267 days ago in EUR made popular 267 days ago

The struggling euro could come under additional pressure as ECB's actions could give rise to the question whether the ECB's crisis policy took precedence over its inflation target. Finally, regarding EUR/USD levels, Leuchtman said, "As EUR-USD failed ... read more
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Japan July Retail Sales Slower at +0.7% Y/Y; June +1.2%

posted by Avatar Lacy 271 days ago in AUD, Economic Indicators

Sean Lee: Hi Guillaume, my opinion is that the market (myself included) is in AUD rally-selling mode and we could all... twitter-fxi: I just wanted to sincerely Thank You for this type of information. I have been successfully using it to... read more
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US GDP Revised Downward, but Mainly on Trade, Inventories

posted by Avatar Lacy 274 days ago in Economic Indicators made popular 274 days ago

US 2nd quarter GDP was revised downward to show a 1% annualized gain, compared to the originally reported 1.3% in the advance release. The downward revision was mainly attributed to weaker exports (the latest trade balance figure showed a higher than ... read more