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Market remains steady after the Beige Book

posted by Avatar twilight 304 days ago in USD made popular 304 days ago

FXstreet.com (Crdoba) The Dollar holds near session highs in the market following the release of the Fed's Beige Book about current economic conditions in the US. EUR/USD holds below 1.4400, consolidating a daily decline of 150 pips while GBP/USD ... read more
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US Data Round-Up: Confidence Surprises, but Not Enough to Help Beleaguered USD

posted by Avatar twilight 305 days ago in USD, GBP, CAD, AUD, Economic Indicators made popular 305 days ago

US equities were sharply weaker in the NY morning, with S&P falling to 1326 following the release of housing, manufacturing and consumer confidence data. That brought about some risk aversion, which helped the USD to pare some of its sharpest losses ... read more
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Cabinet fails to take up Reliance-BP deal

posted by Avatar twilight 310 days ago in GBP made popular 310 days ago

New Delhi: The Cabinet Thursday did not take up approval to UK's BP buying 30 percent stake in Reliance Industries' 23 oil and gas blocks, including the showpiece KG-D6 gas fields, for USD 7.2 billion. The Cabinet Committee on Economic Affairs (CCEA) ... read more
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Swiss Franc Continues with Relentless Pace; Fresh Record Highs

posted by Avatar twilight 313 days ago in EUR, CHF

... with the Swiss franc rallying to fresh record highs against the Euro, Pound and US Dollar. A combination of safe-haven demand along with some less favorable economic outlooks in the Eurozone, UK and US, and a relatively solid Swiss economy have ... read more
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Japanese Market Trades Higher

posted by Avatar twilight 317 days ago in Economic Indicators

Under the expanded facility, the central bank will lend up to 500 billion yen. Each financial institution can borrow up to 50 billion yen at an interest rate of 0.1 percent per annum for a maximum duration of four years. In the currency market, ... read more
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Global Trade Desk- Bernanke Sets Up Equity Ramp

posted by Avatar twilight 318 days ago in AUD, Economic Indicators made popular 318 days ago

GBP is in a very ugly period of trade that is holding under 1.6000. EUR and GBP look tired after absorbing a raft of economic releases that failed to impress. If S&P 500 valuations close below 1320 this week the USD will get heavily bought. AUD and CAD ... read more
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Stocks extend losses on US jobs; oil skids

posted by Avatar twilight 323 days ago in USD

US and overseas stocks fell on Friday after the US government's June jobs report came in way below market expectations, also knocking oil prices down and trimming the dollar's gains against the euro. ... read more
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AUD/NZD drops back towards 1.2900

posted by Avatar twilight 328 days ago in NZD made popular 328 days ago

Rick Basela: How do you know where offers/stops are located? JR: yeah, lots of mixed messages and middles of ranges in the markets. oil is in the middle of its 105-85 anticipated 'c' leg down and gold has retraced as... read more
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Italy promotes vocational education to match youth with

posted by Avatar twilight 332 days ago in USD, EUR, Commodities, Economic Indicators made popular 332 days ago

Recruiters at Italian defense and aerospace firm Finmeccanica have jobs to offer but can't find the right people, despite high youth unemployment in the euro zone's third-largest economy. ... read more
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Dollar broadly higher vs. rivals ahead of Fed, Bernanke

posted by Avatar twilight 339 days ago in USD, CHF made popular 339 days ago

Meanwhile, the greenback was up slightly against the yen and the Swiss franc, with USD/JPY easing up 0.02% to hit 80.22 and USD/CHF rising 0.13% to hit 0.8417. Earlier Wednesday, a report showed that Swiss investor confidence dropped sharply in June, ... read more
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EUR remains weak on Greek budget cut measures, FOMC decision on tap

posted by Avatar twilight 340 days ago in EUR made popular 339 days ago

Despite the Greek Prime Minister Papandreou winning the confidence vote, the Euro remains weak on speculation that the government will struggle to pass an austerity package through the parliament. The Euro declined against most currencies as the PM ... read more
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NZD/USD down in Asian trade

posted by Avatar twilight 341 days ago in NZD made popular 341 days ago

Meanwhile, the New Zealand Dollar was down against the Australian Dollar and the Euro, with AUD/NZD gaining 0.06% to hit 1.3066 and EUR/NZD rising 0.10% to hit 1.7674. Forex Pros offers a diverse set of professional tools for Forex, Futures and CFDs. ... read more