FreshPips.com / User / jerome / Submitted

USD Pullback Suggests New Trend Dependent on Risk Aversion

posted by jerome 792 days ago in USD

• Euro Responds to Greek Accord with Steep Rally yet Fundamentals Still Concerning
• British Pound’s Temporary Stability at Risk from Event Risk, Approaching Election
• Japanese Yen Could Move on Growth, Financial Progress in the Absen

Discuss

Gold recovering on strong physical demand and Euro bounce

posted by jerome 793 days ago in EUR, Gold

Gold gained half a percent on Friday after the euro rebounded from a 10-month low against the U.S. dollar, while steady purchases from jewellers in Asia offered additional support.

Discuss

USD slips in Asian trading, taking cue from equities

posted by jerome 793 days ago in USD, EUR made popular 793 days ago

The dollar edged lower in Asian trading Friday, as buoyant equities markets across most of the region increased the appeal of riskier, higher-yielding currencies.

Discuss

Australia cbank: mortgage rate still 50bps below avg

posted by jerome 794 days ago in AUD, Housing made popular 794 days ago

Australian mortgage rates are still 50 basis points below the average of the last 15 years, a top central banker said on Thursday, after warning speculators against betting on fast rising house prices.

Discuss

How does foreign exchange affect your business?

posted by jerome 799 days ago in USD, JPY, Special

Taking on risk Businesses with operations overseas often take upon unnecessary risk when trading goods and services. When buying or selling shipments of electronics, for instance, the terms of contract often require a payment at a later date.

Discuss

Eurozone trade gap narrows

posted by jerome 800 days ago in EUR, GDP

The eurozone’s non-adjusted trade deficit narrowed year-on-year in January as exports increased five times faster than imports, signalling rising external demand but still muted domestic consumption.

Discuss

Oil Prices Fall Based On Consumer Confidence

posted by jerome 804 days ago in USD, Consumer made popular 804 days ago

Consumer confidence is something that really has a large impact on the stock market movement. When there is a lack of consumer confidence, it can be very hard for the stock market to recover because with consumer confidence comes investor confide

Discuss

UK unemployment 'relatively high'

posted by jerome 804 days ago in GBP, Employment made popular 804 days ago

Unemployment in the UK is "relatively high" by European Union standards even though the jobless total increased by less than expected in the past year, according to a new report.

Discuss

16% of homeowners 'risk default'

posted by jerome 807 days ago in GBP, Housing made popular 807 days ago

One in four people say they would struggle to keep up with their mortgage repayments if their income fell by just £300 a month, a survey showed.

Discuss

High oil prices help drive mileage deduction higher

posted by jerome 808 days ago in USD, Oil, Employment

Thanks in part to steep fuel costs, the standard mileage-rate deduction for business-related driving in 2008 will hit a new high, the IRS announced Tuesday.

Discuss

Fears for UK debts as the pound plummets

posted by jerome 808 days ago in GBP, GDP made popular 808 days ago

The pound fell sharply yesterday amid fresh worries about the economic recovery.

Discuss

Japanese repatriations send JPY higher

posted by jerome 810 days ago in JPY made popular 810 days ago

Another quiet session in Asia which has only been notable for repatriation flows by Japanese corporates out of Europe and the US. EUR/JPY opened at 123.15 and fell almost 90 pips before steadying. USD/JPY opened at 90.25 and fell to 89.90. Ranges

Discuss