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Dollar falls on back of NZ credit downgrade

posted by Avatar freshmint 240 days ago in NZD

The deficit corrected sharply amid recession in 2009-2010, but Fitch projects it will widen again to 4.9% in 2012 and 5.5% in 2013 as domestic demand recovers. Fitch views New Zealand's high net external indebtedness as a key vulnerability, ... read more
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EUR/USD: Upside capped at 1.3555/65

posted by Avatar freshmint 246 days ago in EUR made popular 246 days ago

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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British Pound Sterling: Currency fails to extend yesterday's bounce vs USD

posted by Avatar freshmint 248 days ago in USD, GBP made popular 248 days ago

GBP USD currently sits at 1.5736. According to the UBS technical team, the break of 1.5676 signals an extension of losses towards the key low from December 28 at 1.5346. Interim support lies at 1.5588, the January 12 low. However, the pair is oversold, ... read more
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BRL/USD: going, going, gone

posted by Avatar freshmint 257 days ago in USD

First, inflation. The headline number is seen reaching 6.45 per cent a year by the end of 2011, just a shade below the government's upper tolerance level of 6.5 per cent (its target is 4.5 per cent, with a two point margin of error). ... read more
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Central Banks & the Gold Price

posted by Avatar freshmint 257 days ago in CHF, Commodities

... demystifying finance and economics. He has a background as a stockbroker, banker and economist. Last week the Swiss National Bank suddenly announced that it was no longer going to tolerate a EUR/CHF exchange rate below the minimum rate of CHF1.20. ... read more
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Euro, bank stocks hit by Greek default fears

posted by Avatar freshmint 257 days ago in EUR made popular 257 days ago

At the start of September, the euro was trading above $1.43 but signals from the European Central Bank that there won't be any more interest rate rises over the coming months have combined with renewed concerns over the financial health of Greece. ... read more
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Flash: NZD/USD support at 0.8240 should hold - ANZ

posted by Avatar freshmint 263 days ago in NZD made popular 262 days ago

The NZD/USD is correcting its recent fall in Asia, bolstered by strong Asian equity markets and better-than-expcted Australian GDP data. "Equity markets out this part of the world are stronger, Aussie GDP numbers are strong. ... read more
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USD/CAD rises beyond 0.9800 after NFP

posted by Avatar freshmint 267 days ago in CAD

The Canadian Dollar has been hit by risk aversion, following the release of weaker than expected US non-farm payrolls data, and USD/CAD has jumped about 50 pips, reaching fresh day highs at 0.9825. ... read more
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Asian markets lower, caution trading ahead of NFP

posted by Avatar freshmint 267 days ago in CHF

EUR/JPY retreat from 111.95 high on Monday extended to 109-40 low on Asian session and the EUR/CHF has retreated from Monday's high at 1.1975 to session lows right below 1.1300. GBP/USD reversal from Monday's high at 1.6455 extended yesterday below 1 ... read more
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Dollar picking up momentum in Tokyo open

posted by Avatar freshmint 269 days ago in AUD

AUD/USD has also lowered its price to a session low of 1.0672. Meanwhile, USD/JPY is extending the bounce form 76.40 to just hit new highs at 76.90. Make significant savings on your international money transfers using FXstreet.com's Global Transfers. ... read more
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Rodney Cooper: Bullish on Iron Ore and Copper

posted by Avatar freshmint 269 days ago in CAD, Commodities made popular 269 days ago

The company is currently trading around CAD$10 and I've got a CAD$22 target price within the next 12 months. It has a 12 billion ton deposit in Sierra Leone. The first phase of developing this Tonkolili Mine is a $1.4B investment that is largely ... read more
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Crude dips, choppy eyeing equities, dollar

posted by Avatar freshmint 270 days ago in Commodities

[USD/] US crude oil and distillate stocks were estimated to have risen last week, according to a Reuters survey of analysts on Monday. [EIA/S] * On the New York Mercantile Exchange, October crude CLV1 fell 47 cents, or 0.5 percent, to $86.80 a barrel ... read more