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Canadian Dollar Rises as Carney Predicts Growth in Second Half

posted by Avatar Tottie 281 days ago in CAD

The Canadian dollar appreciated 0.2 percent to 98.86 cents versus the US currency at 2:29 pm in Toronto, compared with 99.05 cents yesterday, when it touched 99.39 cents, the weakest level since Aug. 11. One Canadian dollar buys $1.0115. ... read more
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What's Your Safe Heaven Currency Choice?

posted by Avatar Tottie 281 days ago in CHF

The Bank has revised its year end forecasts and expects EUR/CHF to reach 1.14, previously forecast at 1.13 and USD/CHF at 0.84, previously at 0.83. Everyone knows that sustained CHF depreciation will only occur with improving global economic conditions ... read more
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Dollar, Yen Gain on Slowing Growth, European Contagion Concern

posted by Avatar Tottie 282 days ago in EUR

"The risk-off mood we saw in the US and Europe will unfortunately continue through Asia, and the interest-rate market across the region will rally aggressively," said Robert Rennie, chief currency strategist in Sydney at Westpac Banking Corp., ... read more
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CAD: Possibility of Downward Consolidation

posted by Avatar Tottie 284 days ago in CAD made popular 284 days ago

NEW YORK (fxtechstrategy.com) -- Although we still hold our upside outlook on the dollar-Canadian dollar currency pair, the risk is for the pair to continue to consolidate with a possible downside bias. This comes on the back of USD-CAD's shooting-star ... read more
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Market Insight 08/11/2011

posted by Avatar Tottie 290 days ago in JPY made popular 290 days ago

The USD/JPY has paused at the all-time lows with traders naturally reluctant to push dollar-yen under 76.50. That said, any move back to 77.00/20 is likely to be sold, while any break below 76.50 has the potential to trigger extreme selling. ... read more
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GBP/USD: Trading The Bank Of England Inflation Report

posted by Avatar Tottie 290 days ago in GBP, Economic Indicators made popular 290 days ago

... risks for the economy. As a result, if the central bank head sees scope to increase the asset purchase target beyond GBP 200B, we will implement the same strategy for a short pound-dollar trade as the long position laid out above, just in reverse. ... read more
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Hungary among weakest performers in CEEMEA - analysts

posted by Avatar Tottie 291 days ago in CHF made popular 291 days ago

This is particularly the case in Hungary and Poland, assuming the CHF enjoys more safety bid." The analysts said Hungary is "at a very high risk," adding that last week's news that local governments would seek to "reprofile" their CHF obligations was ... read more
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CHF soars on Thursday ignoring SNB

posted by Avatar Tottie 296 days ago in CHF made popular 296 days ago

FXstreet.com (Crdoba) One day after the Swiss National Bank announced measures to stop the rally of the Swiss Franc, the currency is back trading near record highs against the US Dollar, the Pound and the Euro while versus the Yen, the Loonie and ... read more
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Italian borrowing rates hit new high

posted by Avatar Tottie 297 days ago in EUR

Burdened by a swollen deficit, the country's jobless rate stands at a eurozone high of nearly 21 percent. Italy has debt of 120 percent of economic output, but had been viewed for months with calm by bond markets. The country has low levels of private ... read more
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Asia Midday Highlights

posted by Avatar Tottie 298 days ago in JPY made popular 298 days ago

JPY Crosses: USD/JPY was near-flat today around 77.25, as safe heaven demand and concerns over potential policy intervention; eye on 0430 GMT meeting today of the Japanese lower chamber's financial affairs committee and economic and industrial ... read more
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ForexLive Asian market wrap

posted by Avatar Tottie 299 days ago in Commodities made popular 299 days ago

... against expectations of +2% Regional stockmarkets fall by 1.25% on average South Korea bought 25 tonnes of Gold in June/July Gold price steady at $1620/oz USD/JPY was the busiest of the major pairs with intervention-watch the main game. ... read more
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US debt-ceiling increase deal boosts confidence in markets

posted by Avatar Tottie 299 days ago in USD, CHF made popular 299 days ago

Concerning the USD/CHF pair, it continued its southern bearish direction, targeting new record low, where it is currently trading at 0.7868 after falling from a high of 0.7951 to visit the day's low at 0.7855. The trading range for this week is among ... read more