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AUD/USD opened the local session towards the highs of the range

posted by Avatar Gimmy 290 days ago in AUD

Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you ... read more
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ECB pledge gets Spain, Italy rates down

posted by Avatar Gimmy 292 days ago in EUR made popular 292 days ago

The problem for Germany is that it would pay higher interest rates under such a scheme. A more drastic step, and controversial, step would be joint control over budgets. "Small steps have been taken that may put off the future of the euro crisis for a ... read more
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Dufry continues consolidation in travel retail industry, acquires operations ...

posted by Avatar Gimmy 295 days ago in CHF made popular 295 days ago

The acquired businesses all have long-term concession contracts and more than 90% of sales are generated based on contracts with durations of more than 10 years. Dufry paid a combined purchase price for all four transactions of USD 957 million (CHF ... read more
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USD/JPY slips back below 79.00

posted by Avatar Gimmy 296 days ago in USD, JPY made popular 296 days ago

USD/JPY has slid back below 79.00 and the big question is whether we get more intervention or not. There are plenty of the usual Noda comments hitting the newswires but dealers are unimpressed it seems. The content of this field will not be shown ... read more
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EUR/USD gains in early Asian trade

posted by Avatar Gimmy 297 days ago in EUR made popular 297 days ago

The euro was higher against the both the British pound and the Japanese yen, with EUR/GBP dipping 0.15% to hit 0.8730 and EUR/JPY up by 0.30% to hit 110.70. The European Central Bank was scheduled to hold its monthly news conference Thursday, ... read more
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Dollar mixed vs. rivals as safe havens in demand

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

Earlier in the day, the Reserve Bank of Australia kept the benchmark interest rate unchanged at 4.5% for a record eighth straight meeting, due acute uncertainty over the global economic outlook. The dollar index, which tracks the performance of the ... read more
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EUR/USD edges lower, AUD awaits RBA

posted by Avatar Gimmy 299 days ago in EUR, AUD

By Sean Lee || August 2, 2011 at 03:47 GMT The AUD/USD is back towards session lows near 1.0960 as the market awaits the RBA in 45 minutes. EUR/USD has also drifted lower in fairly quiet trade. No reports of any major flows or player activity so far ... read more
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Pdvsa invests USD 2 billion to raise production

posted by Avatar Gimmy 302 days ago in USD, Commodities made popular 302 days ago

State-run oil holding Petrleos de Venezuela (Pdvsa) is adamant in its plans to expand extra-heavy oil output at the Orinoco Oil Belt and reported on a USD 2-billion investment for that matter. Rafael Ramrez and Eulogio del Pino, Pdvsa's president and ... read more
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US 2nd Quarter a Dud, 1st Quarter Revised Sharply Down, USD Suffers

posted by Avatar Gimmy 302 days ago in USD, NZD made popular 302 days ago

However the AUD/USD and NZD/USD pairs recovered some of those post release losses.The USD/CAD pair rallied to 0.9590 as the Loonie was pressured because of its own weak GDP release with its economy down 0.3% in May. read more
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Dollar Mixed Nearing Record Lows Versus Yen

posted by Avatar Gimmy 302 days ago in JPY, CHF made popular 302 days ago

The dollar was a whisker from this week's record low against the Swiss franc, hovering near CHF 0.80. The buck weakened to Y77.44 overnight against the yen, nearing a record low of Y76.30 set back in March. On the other hand, the buck gained against ... read more
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US wheat falls on export fears, corn eases

posted by Avatar Gimmy 304 days ago in USD, EUR, AUD made popular 304 days ago

... for September delivery Wc1 dropped 0.32 percent to $7.02-1/2 per bushel by 0330 GMT, after rallying more than 1 percent in the previous session, ahead of the weekly export data to be released by the US Department of Agriculture (USDA) at 1230 GMT. ... read more
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ForexLive Asian market wrap

posted by Avatar Gimmy 304 days ago in NZD made popular 304 days ago

RBNZ keeps OCR unchanged at 2.5%; an interest rate rise in September looks likely Japan's retail sales +1.1% YoY Brazilian regulators introduce tax on FX derivatives UK pay deals increase slightly with public sector fixed but private sector rising RBA ... read more