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India Forex Advisors/ Market Commentary/29th_August_2011

posted by Avatar wizardfx 271 days ago in all

Target 1.4000 levels GBP/USD: The Pound is currently trading at 1.6371 levels. The cable is positive vs. the dollar amid risk appetite in the market. Support is seen at 1.6301 levels (55 days daily EMA) and resistance is seen at around 1.6432 levels. ... read more
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Australian Dollar Outlook 08/29/2011

posted by Avatar wizardfx 272 days ago in AUD

With the effects of Hurricane Irene (which struck the east coast of the US on the weekend) likely to impact short term economic activity, this was again a sobering note that the US economy is growing, but at a very slow pace. ... read more
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Dollar falls in U.S. afternoon trade

posted by Avatar wizardfx 274 days ago in USD

... with EUR/USD gaining 0.74% to hit 1.4486. After much market anticipation, Federal Reserve Bank Chairman Ben Bernanke addressed mounting speculation that the US central bank would move to trigger growth in a faltering US economy. ... read more
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USD/JPY down on economic data

posted by Avatar wizardfx 275 days ago in USD, JPY

USD/JPY was trading at 77.37, down 0.13% at time of writing. The pair was likely to find support at 76.47, Tuesday's low, and resistance at 77.70, today's high. Earlier in the day, official data showed that Tokyo's core consumer price inflation fell ... read more
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Australian dollar erases gains vs British Pound

posted by Avatar wizardfx 276 days ago in AUD made popular 276 days ago

The Australian leading index, made up of several economic indicators, showed its worst figure since February 2009. Quarterly construction data was also very poor, emphasising the worsening domestic economic picture we are seeing in Australia," says a ... read more
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Underwhelming Policy Response Continues

posted by Avatar wizardfx 283 days ago in CHF

Initial support seen around Monday's low near CHF.0.7740. In many ways the SNB decision, like the outcome of the Paris-Berlin summit yesterday, and the US debt ceiling debate, officials a consistently underwhelming the market (though additional SNB ... read more
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Daily dose of AEP

posted by Avatar wizardfx 284 days ago in AUD

Michael Miller: You're definitely loving life on that gold! Well, congrats man! I'll be chattin'... Silvesta Baron: Sean you mean you bought EUR/AUD at the very bottom at 1.2997 and sold it at the very top at 1.4197... read more
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Euro Holds Bearish Pattern, Cable Strength To Be Short-Lived

posted by Avatar wizardfx 284 days ago in EUR

According to Credit Suisse overnight index swaps, market participants now see a chance for a rate cut over the next 12-months, and the single-currency may trade heavy over the near-term should interest rate expectations deteriorate further. ... read more
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Endomines AB Press Release, Summary Interim Report January-June 2011

posted by Avatar wizardfx 285 days ago in Commodities

The number of personnel at the Pampalo Gold Mine at the end of the reporting period was 55 own, 25 contractor employees and 10 short-term seasonal substitutes. The Cash cost[2] for the period Q2 was 919 USD/oz and for H1 2011, 1 006 USD/oz. ... read more
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European stock market, economy and companies update (August 15, 2011)

posted by Avatar wizardfx 285 days ago in EUR made popular 285 days ago

The GBP/USD drifted higher above 1,6320 after BOE member Miles stated that the case for more QE was not substantiated at this time. - Italy's CGIL union has told the Italian press that union officials will meet on August 23rd (Tuesday) to set a strike ... read more
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Asia Midday Highlights

posted by Avatar wizardfx 286 days ago in CHF made popular 286 days ago

EUR stops hit above 1.43 from Fri 1.4250 on EUR/CHF buying, with GBP, AUD, NZD all higher vs USD, CHF as well. JPY Crosses: USD/JPY was relatively steady with modest downside bias which attracted heavy verbal intervention from the authorities, ... read more
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French Downgrade Rumors, Fresh Panic

posted by Avatar wizardfx 290 days ago in Commentary, Economic Indicators made popular 290 days ago

AUD/JPY fell back under Y78 and is still under pressure. UPDATE JULY Employment Change -0.1k vs. 10k forecast. July Unemployment Rate at 5.1% vs. 4.9% previously. Oil & Gold (XAU) Gold surge on French bank fears breaking above $1800 and hitting fresh ... read more