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Euro tumbles on Italy downgrade, Greece worries

posted by Avatar newsinabox 250 days ago in USD, EUR, JPY, CAD, AUD

The Fed is expected to try to push already low long-term interest rates even lower this week by tilting towards longer-duration bonds in its portfolio, a move known as Operation Twist. The Japanese yen was little changed at 76.60 yen per dollar ... read more
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Will USD/JPY Target 75.00?

posted by Avatar newsinabox 254 days ago in USD, CHF

The SNB came out with a very aggressive monetary policy statement in support of its 1.2000 EUR/CHF peg noting that it "will enforce the minimum exchange rate of CHF 1.20 per euro set on 6 September with the utmost determination," adding,"even at a rate ... read more
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Commodity Markets Post Mixed Returns in August Due to Demand for Hard Assets ...

posted by Avatar newsinabox 257 days ago in Commodities

Agriculture was also a strong performer, up 9.22%, led by grains and Coffee. Estimates for Corn yield were reduced to lower than the USDA's latest estimates amid the recent hot and dry weather damaging the developing crop. This may suggest that the ... read more
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GBP/USD Renews Weakening To The 1.5791 Support

posted by Avatar newsinabox 257 days ago in USD, AUD

The value of the RSI indicator is negative and inclining upwards, MACD is negative and tranquil, while CCI has crossed down the 100 line on the 1 hour chart, giving overall light short signals. 5:25 GMT+1 Sell GBP/USD at 1.5843 SL 1.5869 TP 1.5783, ... read more
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EBRD grants EUR 30 million loan to Romanian oilseed processing company

posted by Avatar newsinabox 265 days ago in EUR made popular 264 days ago

EBRD is granting a EUR 30 million syndicated financing package to Expur SA, a local oilseed processing company. Expur crushes rapeseed and sunflower seed, produces crude rapeseed oil, refined edible sunflower oil, as well as rapeseed meal, ... read more
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Euro plunges on renewed Eurozone concerns

posted by Avatar newsinabox 268 days ago in EUR

Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you ... read more
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News Euro jumps after German retail sales drop less than expected

posted by Avatar newsinabox 269 days ago in EUR made popular 269 days ago

Germany's July retail sales showed no monthly growth in real terms but beat expectations for a fall. Sales remain unchanged on a monthly basis, coming out flat at 0 percent change in July, but better than forecasted drop of 1.6 percent. ... read more
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The Fed pledges additional support

posted by Avatar newsinabox 272 days ago in USD made popular 272 days ago

He noted that the central bank was prepared to utilize tools as needed to help strengthen the economy and reduce unemployment rates; however, no definitive actions or plans were mentioned; nor signs of new stimulus. More Americans filed for ... read more
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Loonie climbs higher as retail sales grow

posted by Avatar newsinabox 277 days ago in CAD made popular 277 days ago

But May's advance was revised up to 0.3 percent from an initial 0.1 percent, and in volume terms, sales rose 1.6 percent. "Kind of mixed, but I would say a net positive. Part of why CAD just hasn't moved on that is just that we're seeing a little bit ... read more
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Dollar drops but respite in sight if economy dims

posted by Avatar newsinabox 281 days ago in EUR made popular 281 days ago

... +1.95 1.0203 Euro/swiss 1.1308 1.1373 -0.57 -9.45 1.2488 Euro/stg 0.8739 0.8673 +0.76 +1.95 0.8572 Nzd/dlr 0.8179 0.8215 -0.44 +4.98 0.7791 Dlr/Norw 5.4661 5.4656 +0.01 -6.11 5.8218 Euro/Norw 7.8660 7.8301 +0.46 +0.98 7.7895 Dlr/Swed 6.3850 6.4415 ... read more
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USD/JPY rebounds from record low in US trade

posted by Avatar newsinabox 281 days ago in USD, JPY

Forexpros - The US dollar advanced against the Japanese yen in US trade Friday, after hitting a postwar low and renewing speculation that the currency market may see another intervention by the Bank of Japan. In afternoon trade USD/JPY hit 75.97, ... read more
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Special Report UPA taking India back to 1991-type economic crisis

posted by Avatar newsinabox 283 days ago in CAD made popular 283 days ago

Even the Prime Minister's Economic Advisory Council (PM-EAC) has called for vigilance on CAD front. In its Economic Outlook for 2011-12 released on August 1, 2011, EAC says: Given the current trends in the world economy and the behaviour of ... read more