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EUR/USD Eyes 1.4500 as Risk Rallies

posted by Avatar Lacy 277 days ago in EUR

For now the EUR/USD is getting the benefit of the doubt from risk flows as the underlying assumption of the bulls is that the global economy will continue to expand in H2 of 2011. However as we noted earlier the euro will likely find some resistance ... read more
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Market Preview 22 August 2011

posted by Avatar Lacy 279 days ago in JPY

The JPY has declined, after Japanese Finance Minister, Yoshihiko Noda, signaled that the nation would take decisive action against any speculative moves, in order to curb further gains in the currency. The JPY has dropped 0.2% against the USD. ... read more
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AUD close the week at 1.0400

posted by Avatar Lacy 279 days ago in AUD made popular 279 days ago

Battellino is speaking and we would expect a slight to neutral stance on the economy and interest rates. A move below the short term support may well lead to another test of the 1.0310 lows with stops below being the target, the move could over extend ... read more
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FinMin Noda: On newswires again with same-old story

posted by Avatar Lacy 279 days ago in NZD made popular 279 days ago

Michael: If anybody likened the Saint-Tropez structured product story from Gerry. Then they are likely to like this... Sean Lee: Morning Neal. NZD/USD down first I agree and I'd expect a retest of 7960 this week. EUR/GBP is in... read more
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US Dollar Still a Safe-Haven after Rating Downgrade

posted by Avatar Lacy 292 days ago in USD, CHF made popular 292 days ago

After reaching a new all-time low at 0.7525 the USD/CHF moved higher 100 pips on USD strength. AUD and Kiwi are off sharply as the commodity currencies continue to struggle in this risk-off environment. The NZD/USD is testing a trend line from the ... read more
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Live Blog: Global Markets Turmoil

posted by Avatar Lacy 295 days ago in all

Juckes says if EUR/USD closes below 1.40, next week will be "awful," but if the pair closes above that level and stays in range it could be on its way back to 1.42. EUR/USD currently at 1.4132. by Ishaq Siddiqi US stocks are expected to drop at the ... read more
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Gold in Yen Surges 3.8% as Currency Wars Resume

posted by Avatar Lacy 296 days ago in CHF, Commodities made popular 296 days ago

Gold is higher against all currencies and is trading at USD 1663.50, EUR 1168.20, GBP 1018.30, CHF 1291.00 per ounce and 133000.00 JPY per ounce. Gold's London AM fix was USD 1664.25/oz, EUR 1170.61/oz, GBP 1018.20/oz. Gold reached new record nominal ... read more
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U.S. Dollar Tests Upward Trend, Euro Outlook Hinges On ECB

posted by Avatar Lacy 296 days ago in EUR made popular 296 days ago

However, should the ECB show an increased willingness to raise borrowing costs beyond 1.50%, hawkish comments from the central bank are likely to spark a bullish reaction in the EUR/USD, and the exchange rate may retrace the decline from the previous ... read more
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France: Sarkozys install 70K ovens on new plane

posted by Avatar Lacy 303 days ago in EUR, CHF

... nicknamed Air Sarko One, which is likely to cause the most anger across recession-hit France. According to the new report which was released on the day Sarkozy wrote to MPs asking them to cut costs the ovens cost EUR 75234, or GBP 66555. ... read more
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Chart EUR/USD Update: It is dangerous up here, but have to allow for a ...

posted by Avatar Lacy 305 days ago in EUR made popular 305 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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Canada's Currency Fluctuates as European Leaders Hold Debt Crisis Summit

posted by Avatar Lacy 310 days ago in USD, EUR, CAD made popular 310 days ago

... after statements from the Bank of Canada prompted investors to move forward the date of expected interest rate increases. All eyes are on euro and what's going on over there and their discussions, CJ Gavsie, managing director for foreign exchange ... read more
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AUD/USD holds above 1.0625

posted by Avatar Lacy 316 days ago in AUD made popular 316 days ago

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