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Pound weaker on inflation projection

posted by sophia 1018 days ago in GBP, Inflation made popular 1018 days ago

The pound weakened in relation to the euro Wednesday, trading at 85.97p to the shared currency on a Bank of England forecast that inflation will remain below 2 percent and could go below 1 percent, and that economic recovery will continue to be s

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U.S. copper gains as dollar falls on US trade data

posted by forexanalysis 1018 days ago in USD, Metals, Trade made popular 1018 days ago

New York copper futures pushed higher on Wednesday when the dollar sold off after the U.S. trade gap widened slightly, but the price was expected to stay in range until the release of the Federal Reserve's policy statement due later in the sessio

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Canada’s Flaherty Says Growth, Not Currencies, Is Key

posted by Alice 1018 days ago in CAD, Fundamental made popular 1018 days ago

Canada’s Finance Minister Jim Flaherty said global economic recovery was the top priority of policy makers around the world rather than currency issues.

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Chart of the Day - 8/12/2009 – GBP/CHF

posted by jameschen 1018 days ago in GBP, CHF, Technical made popular 1018 days ago

Price action on GBP/CHF, a daily chart of which is shown, has been displaying a close adherence to and respect of certain technical levels, both in the form of horizontal support and resistance levels as well as angled trendlines. After respectin

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IEA Raises Global Oil Demand Forecasts For 2009, 2010

posted by Tottie 1018 days ago in Oil made popular 1018 days ago

Wednesday, the International Energy Agency revised up its demand forecasts for 2009 and 2010 on an expected strong demand from Asia.

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Oil prices fall after Opec report

posted by domyouji 1019 days ago in USD, Oil made popular 1019 days ago

Oil prices have fallen after producers group Opec said it now expected demand for its crude to decline further than predicted next year.

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Fall of Copper; Decline in Imports of Copper & Fertilizer

posted by commodityblog 1019 days ago in Fundamental, Agriculture, Metals made popular 1019 days ago

Copper prices slid today, erasing previous gains, as the dollar advances against the euro. China’s imports of copper falls for the first time in six months. Declining prices for fertilizer in India may help China to negotiate better prices.

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Will the Fed Deliver Any Surprises at the FOMC Meeting?

posted by fx360 1019 days ago in Technical

We have seen nothing but consolidation in the forex market since the much better than expected non-farm payrolls report on Friday. Profit taking on dollar short positions continued as currency traders reduce risk ahead of the FOMC announcement. N

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US productivity rises more than expected in 2Q

posted by babyblue 1019 days ago in USD, Fundamental, Employment made popular 1019 days ago

U.S. productivity surged in the spring by the largest amount in almost six years while labor costs plunged at the fastest pace in nine years. The results point to a recession losing steam, but they do not bode well for the unemployed or those for

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USD/JPY Daily Forecast: August 11, 2009

posted by domyouji 1020 days ago in USD, JPY, Daily made popular 1020 days ago

The USDJPY was corrected lower yesterday, bottomed at 96.90 and closed at 97.06. As long as the pair stay above 96.70, any downside correction is normal after significant bullish running on Friday.

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Forex Playbook: Pre-London Report And Daily Forex Signals

posted by ForexPlaybook 1020 days ago in Technical, Fundamental, Daily

Ahead of London trading, the Japanese Yen has gained ground against its higher yielding counterparts, as China’s industrial output slowed alongside falling exports. The continued selloff of higher yielding currencies, which began early Friday, ap

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USD/CHF Daily Forecast: August 11, 2009

posted by ceronueve 1020 days ago in USD, CHF, Daily made popular 1020 days ago

The USDCHF had a moderate bullish momentum yesterday. The pair attempted to push higher, topped at 1.0882 but the bullish momentum was limited as the pair closed lower at 1.0848.

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