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GBP/USD grinds up to 1.6535, day high

posted by Avatar milkyway 276 days ago in USD

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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GBP/USD trims gains, pulling back from 2-day high

posted by Avatar milkyway 277 days ago in USD made popular 277 days ago

Forexpros The pound trimmed gains against the US dollar on Tuesday, pulling back from a two-day high, despite UK data showing that factory orders unexpectedly rose this month, while mortgage approvals hit a one-year high in July. GBP/USD pulled back ... read more
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Pound to euro at multi-month high

posted by Avatar milkyway 281 days ago in GBP made popular 281 days ago

News out of the UK economy would, in more stable conditions, preclude the sort of strong performance we are seeing in sterling at present. The pound to euro exchange rate is 0.498% higher with 1 GBP = 1.1520 EUR. The pound to dollar exchange rate is ... read more
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Did Things Just Get Better or Worse?

posted by Avatar milkyway 284 days ago in NZD made popular 284 days ago

Commodity currencies (AUD, CAD and NZD) look to us to have further recovery potential higher against the USD, which should stay soft on the Fed's zero rate pledge, sluggish US growth, and a potential further rebound in risk appetite. ... read more
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Chart GBP/JPY Update: Stretching corrective bounce

posted by Avatar milkyway 285 days ago in JPY made popular 285 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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Dollar seesaws during week as extreme volatility hits FX mkts

posted by Avatar milkyway 285 days ago in CHF made popular 285 days ago

Moreover, the CHF witnessed a high volatility against the Euro. The Euro/Swiss pair reached a low of 1.0075 on Tuesday, before shooting up by more than 10% and closing the week at 1.1085. The EURCHF volatility reached a high of 21% last week, ... read more
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Recommended: Impact of market swings divides economists

posted by Avatar milkyway 291 days ago in USD made popular 291 days ago

"The Fed could also signal its intention to hold longer maturity assets on its balance sheet. All of these would be a USD negative. A failure by the Fed to act may also unnerve investors which could be positive for the dollar." read more
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Goldman and Merrill stay bullish on oil

posted by Avatar milkyway 292 days ago in Commodities made popular 292 days ago

"In a mild recession, we would expect to see Brent crude oil prices briefly breaking below USD 80 per barrel, only to gain back that level as OPEC turns the taps off," Merrill said. US crude could briefly drop to USD 50 under a recession scenario. ... read more
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EU's Gloomy Youth Jobs Outlook

posted by Avatar milkyway 292 days ago in EUR, Economic Indicators made popular 292 days ago

By Riva Froymovich The euro zone's high youth unemployment rate shows no signs of improving in many member states. The European Union's statistics agency, Eurostat, reports that the unemployment rate among job seekers aged 15 to 24 in the 17-nation ... read more
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Pressure, panic and carnage

posted by Avatar milkyway 292 days ago in CHF made popular 292 days ago

Despite last week's actions by the Swiss and Japanese authorities to weaken their respective currencies, CHF and JPY will remain in strong demand. Any attempt to weaken these currencies is doomed to failure at a time when risk aversion remains highly ... read more
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Alexis Completes Takeover Agreement on Rouyn-Noranda Joint Venture Properties

posted by Avatar milkyway 297 days ago in Commodities made popular 297 days ago

As consideration pursuant to the Agreement, Alexis has made payment to Xstrata Copper in the amount of CAD $200000. Additionally, Xstrata Copper retains a net smelter royalty interest (NSR) of 1 to 2% on all metals on mineral claims made by Alexis. ... read more
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AUD/USD bearish tone persists, support at 1.0720

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

Australian dollar tumbled on Tuesday, losing more than 190 pips after opening the session at 1.0968, breaking through support in the 1.0890 zone, then extending its losses until closing the American trade at 1.0776. ... read more