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A hollow Greek government victory

posted by Avatar ChocoFudgeCake 339 days ago in GBP made popular 339 days ago

... reflecting the impact of higher borrowing and a still sluggish economy. In sum, the messages are mixed for the new financial year. Sterling's softer stance in the wake of the numbers has also been exacerbated by comments by the Bank of England's ... read more
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Volatility amid the Bank of England and Federal Reserve System meetings

posted by Avatar ChocoFudgeCake 340 days ago in USD, GBP made popular 340 days ago

The following negative data on retail sale in Great Britain, which have exceeded the forecasts three times, also contributed to the drop of pound sterling by 54 points. It was only on June 16 that data on manufacturing index of Philadelphia Federal ... read more
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GM stock breaks to new low, the 6th in past 11 days

posted by Avatar ChocoFudgeCake 345 days ago in EUR

Perhaps the dollar will set the stage, or oil will send a clear message. Well, the Euro dropped and the US dollar became the safe haven, not necessarily gold and silver to any great degree. And the drop in the USD caused oil to go down as oil is priced ... read more
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Euro Falls on Weak Economic Results in France and Germany

posted by Avatar ChocoFudgeCake 351 days ago in EUR, CHF

Economic deterioration in the second largest Eurozone economy will strengthen the case for maintaining interest rates on hold, however. Though Portugal and Greece will be thrilled by such developments, the value of the euro might suffer, especially as ... read more
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S&P - 1 day chart

posted by Avatar ChocoFudgeCake 355 days ago in USD

(FT More) Philadelphia Fed President Charles Plosser says that the American public's concerns about inflation over deflation in the past year is "troubling," suggesting potential doubts about the Fed's ability to keep prices stable. ... read more
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Oil Prices Plummet as USD Surges vs. EUR

posted by Avatar ChocoFudgeCake 359 days ago in EUR, CHF made popular 359 days ago

The Swiss franc (CHF) and Japanese yen (JPY) are on the rise and physical assets usually would jump with heightened risk aversion, but the positive movement of the dollar asserted itself over the value of oil. The decision point anticipated since ... read more
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Rupee up 2 paise against USD in 6th straight sessions of gain

posted by Avatar ChocoFudgeCake 359 days ago in USD made popular 359 days ago

Foreign Institutional Investors (FIIs) have injected USD 786.07 million in the last five sessions since May 26. Meanwhile, food inflation fell to 8.05 per cent for the week ended May 21 from 8.55 per cent in the preceding week. Alpari Forex (India) CEO ... read more
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UK Mortgage Approvals Drop In April

posted by Avatar ChocoFudgeCake 360 days ago in GBP made popular 360 days ago

Within total lending, lending secured on dwellings rose GBP 0.7 billion compared to GBP 0.5 billion increase in the prior month. Consumer credit climbed GBP 0.5 billion in April. On an annual comparison, consumer credit recorded a growth rate of 1.5 ... read more
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The EUR continued its recovery

posted by Avatar ChocoFudgeCake 361 days ago in EUR, CAD made popular 361 days ago

Nevertheless, it almost seems that the Bank of Canada is more in favor to support the economy through low interest rates as in containing inflation. After the convoluted bearish movement was held up at the support line around 0.8608, the price could ... read more
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EUR/USD Up in Overnight, Morning Trading

posted by Avatar ChocoFudgeCake 368 days ago in EUR made popular 368 days ago

The mix of German good news and overall bad news likely led to EUR/USD showing such up and down volatility along its climb overnight. Looking ahead to the coming moments, the US is set to report housing numbers at 10, which, paired with Belgium's bad ... read more
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Commodities supported by softer USD; gold bullion at 2-week high amid uncertainty

posted by Avatar ChocoFudgeCake 368 days ago in USD, Commodities

In particular, the EUR/USD has recovered from yesterdays 9-week low underneath 1.3970, consolidating above the 1.4100 technical barrier so far in early trade over North America. Crude oil futures are tracking the momentum in the EUR/USD, bouncing off ... read more
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USD/CHF, EUR/CHF Flows: Spain PM Zapatero/ Election; Schaeuble IMF ...

posted by Avatar ChocoFudgeCake 372 days ago in CHF made popular 372 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