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8th Day of Stock Market Losses

posted by Avatar fxcashmonster 298 days ago in AUD made popular 298 days ago

The Japanese Yen (JPY) was well supported with USD/JPY falling towards Y77 and AUD/JPY crashing lower on risk aversion and the 200+ point fall in US stocks. The outlook is for more losses with the market testing the BOJ/MOF about intervention threats ... read more
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Steel makers profits hit

posted by Avatar fxcashmonster 302 days ago in JPY made popular 302 days ago

Japan's biggest steelmakers Nippon Steel and JFE Holdings have reported weaker earnings for the fiscal first quarter due to the negative impact of the March disasters on domestic demand. JFE saw net profit tumble 75% YoY to JPY 7.12 billion for the ... read more
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US Debt Impasse Drags European Indexes; Total Net Falls

posted by Avatar fxcashmonster 302 days ago in EUR made popular 302 days ago

Euro-zone annual inflation slowed to 2.5% in July and German retail sales surged 6.3% in June. In Paris CAC-40 Index declined 43.56 to 1.17% to 3669.10 and in Frankfurt DAX Index edged lower 62.25 or 0.87% to 7127.81. For the week, the CAC-40 Index ... read more
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US 2Q GDP To Re-Affirm the Long Term Fundamentals in EUR/USD

posted by Avatar fxcashmonster 304 days ago in EUR, Economic Indicators made popular 304 days ago

As we can see in this daily view of the EUR/USD, the recent medium term bearish action in the pair goes against the longer term trend which was EUR positive and based mainly on interest rate expectations. While the GDP release on its own will not help ... read more
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Aussie rises, breaks yesterday's high

posted by Avatar fxcashmonster 312 days ago in AUD

"Australian dollar soared this Tuesday, and trades above key 1.0710 static support zone, heading higher in this first Asian hours, despite hourly indicators look a bit exhausted to the upside. 4 hours chart however shows the pair gaining bullish ... read more
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USD/CHF up during Asian trade

posted by Avatar fxcashmonster 313 days ago in EUR, CHF

Meanwhile, the US Dollar was up against the Euro and the Japanese Yen, with EUR/USD shedding 0.01% to hit 1.4110 and USD/JPY rising 0.05% to hit 79.08. Forexpros - Forex Pros offers a diverse set of professional tools for Forex, Futures and CFDs. ... read more
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AUD/USD bullish above 1.0800 V.Bednarik

posted by Avatar fxcashmonster 324 days ago in AUD made popular 324 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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Time to start to building a long USD/CHF position?

posted by Avatar fxcashmonster 324 days ago in CHF, NZD

C3P1: @ Dude you know this happens everytime you stop takin the meds. Let me get this straight, please excuse my relative ignorance but you are claiming that... Guillaume: Indeed NZD made a choppy breakout. Sean do you have any info on the stops? ... read more
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Portugal Downgraded, Euro Drops

posted by Avatar fxcashmonster 325 days ago in USD, EUR, JPY, GBP, AUD

Crosses took advantage though and EUR/GBP slipped below 0.9000 and EUR/JPY broke Y115. Overall the EUR/USD traded with a low of 1.4395 and a high of 1.4543 before closing the day around 1.4430 in the New York session. Looking ahead, Q1 GDP forecast ... read more
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Investing in Utilities:What to Consider During Periods of Inflation, Deflation ...

posted by Avatar fxcashmonster 326 days ago in GBP, Economic Indicators

Nearly all of its five-year GBP 22 billion of planned investment will be in the UK under inflation-adjusted rate structures to support the UK's national long-term energy policy. The transparent earnings growth and a 6% current dividend yield make up ... read more
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British Pound Sterling: Currency sees downside risks

posted by Avatar fxcashmonster 326 days ago in GBP

With the key manufacturing and construction growth figures showing a slowdown, sterling is left to rely on the crucial monthly services figure to provide the much-needed upside surprise. Despite the longer-term goal to rebalance the British economy, ... read more
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Gold gained for the first time in three days in London

posted by Avatar fxcashmonster 326 days ago in Commodities

GBP/USD fell with the rest of the market after it rallied up to 1.6100 whilst other majors did very little. Overall the Cable traded with a low of 1.6052 and a high of 1.6142 before closing the day at 1.6090 in the New York Session. Gold gained for the ... read more