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Euro and Dollar Both Under Stress As Credit Concerns Dominate Trade

posted by Avatar eriathwen 292 days ago in EUR, CHF

The initial move in Asia was decidedly anti-dollar with EUR/USD spiking to 1.4430 and USD/CHF sinking towards the .7500 level in very early Asian trade. The euro was further boosted by the ECB announcement that it would intervene actively to support ... read more
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Rand firmer after US deal reached

posted by Avatar eriathwen 300 days ago in USD, CHF made popular 300 days ago

"Global equities are rallying sharply on the news but strangely the USD hasn't gained against anything except the most safe haven currencies (ie CHF and JPY). Perhaps the market needs to see it signed and dusted before reacting but the limited move is ... read more
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ANZ morning markets briefing

posted by Avatar eriathwen 303 days ago in EUR, NZD made popular 303 days ago

But the data out of Europe was poor, apart from German data showing a larger fall in unemployment numbers there than expected (though the unemployment rate was unchanged at 7%). The decline in Eurozone confidence suggest a slowing in growth, ... read more
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AUD/USD up in US trade

posted by Avatar eriathwen 305 days ago in AUD, Economic Indicators made popular 305 days ago

Forexpros - The Australian Dollar was higher against the US Dollar on Tuesday after the release of US data on New Home Sales. AUD/USD was trading at 1.0967, up 1.12% at time of writing. The pair was likely to find support at 1.0695, Thursday's low, ... read more
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The RBNZ Observer: 26 July 2011

posted by Avatar eriathwen 306 days ago in NZD made popular 306 days ago

The other issue is that the NZD is still low against the AUD when compared with history. This is important because Australia is New Zealand's largest trading partner. And given the solid outlook for growth in Australia, the competitive NZD/AUD cross ... read more
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NZD/USD, Technicals suggest further upside

posted by Avatar eriathwen 307 days ago in NZD made popular 307 days ago

Ever since, the New Zealand Dollar has gained an astonishing 550+ pips vs the Greenback, taking by surprise even the most optimistic bulls. At present, NZD/USD settles quiet at 0.8635, barely 35 pips off its post-floating record high. ... read more
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Oil and gas news summary: Dragon Oil, Red Emperor, Sterling Energy, Circe Oil ...

posted by Avatar eriathwen 308 days ago in GBP, Commodities made popular 308 days ago

Global Petroleum Ltd (LON:GBP) said the latest Leighton Olmos vertical production well, Peeler No. 3, has reached its total vertical depth of 2774 metres, and will be tied in as a producer. Global has a 15 percent working interest and a 11.25 percent ... read more
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USD/CHF up during the European session

posted by Avatar eriathwen 309 days ago in EUR, CHF

Meanwhile, the US Dollar was up against the Euro and the Japanese Yen, with EUR/USD shedding 0.08% to hit 1.4413 and USD/JPY rising 0.28% to hit 78.53. Forexpros - Forex Pros offers a diverse set of professional tools for Forex, Futures and CFDs. ... read more
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Showtime for S&P 500 Valuations

posted by Avatar eriathwen 313 days ago in Economic Indicators made popular 313 days ago

With GDP expectations being downgraded, the focus may now shift to medium-term expectations for the S&P 500, which will weigh heavily on dollar (USD) valuations. The US administration's public stance of a strong-dollar policy has been derided by some ... read more
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Pound hits one-and-a-half-month high vs euro

posted by Avatar eriathwen 313 days ago in GBP

Further drivers for sterling will come from the release of the July minutes from the Monetary Policy Committee on Wednesday and from government debt figures and retail sales numbers on Thursday. read more
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EUR/CHF drops to record low on EU sovereign debt fears

posted by Avatar eriathwen 313 days ago in EUR, CHF made popular 313 days ago

EUR/CHF hit 1.1401 during European morning trade, the pair's all-time low; the pair subsequently consolidated at 1.1466, shedding 0.64%. The pair was likely to find short-term support at 1.1401, the daily low and the all-time low and resistance at ... read more
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Philips reports EUR 1.34bn loss in 2Q

posted by Avatar eriathwen 313 days ago in EUR

The Q2 annual impairment review has led to an adjustment of the discount rate across Philips and selected adjustments of the pre-recession business cases, leading to a EUR 1345 million impairment. EBITA decreased by EUR 136 million year-on-year to ... read more