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Daily Forex Summary on USD, Euro, GBP, JPY, AUD, CAD and NZD

posted by Avatar cane 319 days ago in USD, EUR, GBP, CAD, AUD, NZD made popular 319 days ago

The US Dollar is well supported against most of its counterparts this morning as a worsening outlook for the global economy is weighing heavily on risk assets. US markets are jittery after a volatile overnight session during which European leaders were ... read more
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EUR/USD: Trading the US Non-Farm Payrolls Report

posted by Avatar cane 323 days ago in USD, EUR, CAD, AUD, Economic Indicators

Projections for a faster pace of employment growth certainly reinforces a bullish outlook for the greenback, and the market reaction following the report could set the stage for a long US dollar trade as the economic outlook improves. ... read more
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Latest News in Forex

posted by Avatar cane 326 days ago in AUD

Australia: The AUD has consolidated around the USD 1.0700 level in the last couple of days in modest trading conditions. US markets were closed on Monday because of July 4 Independence Day but before the holiday, Wall Street enjoyed its strongest week ... read more
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Asia remaining ultra quiet

posted by Avatar cane 326 days ago in AUD made popular 326 days ago

There has been a bit of USD selling, mainly against the AUD, JPY and EUR. Much of this USD selling has been option related with cover being bought ahead of the debt-ceiling negotiations. Banks have been recommending 1 month USD out-of-the-money puts ... read more
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Pound Advances Against the Euro as Report Shows Job Creation Speedning Up

posted by Avatar cane 327 days ago in USD, EUR, JPY, GBP

The Bank of England isn't likely to raise interest rates for some time. Rates staying on hold for a prolonged period is likely to continue pulling sterling weaker. The pound appreciated 0.3 percent to 90.16 pence per euro as of 9:10 am in London, ... read more
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New ministers: Senate clears 7 ministerial nominees

posted by Avatar cane 332 days ago in USD made popular 332 days ago

Wogu claimed that the unemployment figure in Nigeria is less than those of the United States of America and the United kingdom, adding that with the policy put in place by the administration, there would be a remarkable decline in unemployment in the ... read more
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GBP/USD up in US trade

posted by Avatar cane 340 days ago in USD, Economic Indicators made popular 340 days ago

By Forexpros.com Forex Pros The British Pound was higher against the US Dollar on Tuesday after the release of US data on Existing Home Sales. GBP/USD was trading at 1.6226, up 0.15% at time of writing. The pair was likely to find support at 1.6079, ... read more
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The Daily Reckoning June 15th

posted by Avatar cane 346 days ago in NZD made popular 346 days ago

But at the same time, the comments have prevented the Aussie dollar from suffering like its kissin' cousin across the Tasman, the New Zealand dollar/kiwi (NZD) One currency that I see getting sold this morning is confusing to me, and given the ... read more
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EUR/USD extends losses, tumbling to 2-week low

posted by Avatar cane 346 days ago in EUR made popular 346 days ago

Forex Pros The euro extended losses against the US dollar on Wednesday, tumbling to a two-week low as ongoing uncertainty over a resolution to Greece's sovereign debt crisis weighed. EUR/USD hit 1.4300 during European late morning trade, ... read more
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Australian consumer confidence falls 2.6%

posted by Avatar cane 347 days ago in AUD made popular 347 days ago

Checked the aud/jpy side and that looks stable. Think I'll... chris: BRUSSELSFrench President Nicolas Sarkozy on Tuesday ramped up calls for increased regulation of the trading of commodities such as oil, wheat and copper,... Bjorn: Mornin Sean! ... read more
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Canada industrial capacity-use rate jumps

posted by Avatar cane 347 days ago in CAD made popular 347 days ago

The Canadian dollar CAD=D4 strengthened to C$0.9697 to the US dollar, or $1.0312, from C$0.9737 just before the data was released. It later gave back some of the gain. Manufacturers ran at 79.7 percent of their total capacity, driven partly by strong ... read more
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BOJ Creates $6 Billion Lending Program to Boost Growth as Sentiment Wanes

posted by Avatar cane 348 days ago in JPY made popular 348 days ago

Governor Masaaki Shirakawa and his policy board to make 500 billion yen ($6 billion) loans available at a 0.1 percent interest rate for two years, the bank said in a statement released in Tokyo today. The facility is aimed at companies that don't have ... read more