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NZD/USD up in Asian trade

posted by Avatar milkyway 300 days ago in NZD made popular 300 days ago

Meanwhile, the New Zealand Dollar was up against the Australian Dollar and the Euro, with AUD/NZD shedding 0.18% to hit 1.2498 and EUR/NZD falling 0.42% to hit 1.6305. Forex Pros offers a diverse set of professional tools for Forex, Futures and CFDs. ... read more
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Canadian Dollar Weakens as Report Shows Nation's Economy Contracted in May

posted by Avatar milkyway 302 days ago in CAD, Economic Indicators

Crude oil, Canada's largest export and global equities, traditional drivers of Canada's dollar, declined. The fact that Canada and GDP weren't great just took a toll on the Canadian dollar, said Brian Kim, a currency strategist in Stamford, ... read more
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Stocks pull back on US budget Gridlock

posted by Avatar milkyway 303 days ago in NZD, Commentary made popular 303 days ago

Overall the AUD/USD traded with a low of 1.0936 and a high of 1.1082 before closing the day at 1.1030 in the New York session. UPDATE July RBNZ Rate hold at 2.5% Oil & Gold (XAU) traded fresh all-time highs above $1625 before falling sharply on profit ... read more
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The two-speed global economy

posted by Avatar milkyway 304 days ago in EUR made popular 304 days ago

Inflation may be the chief economic threat in the East, but in the West the Eurozone sovereign crisis and the US debt ceiling threaten the world's major economies with deflation. Unless a major event like a US or European default actually occurs, ... read more
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AUD/USD and the rest of the majors were mostly content

posted by Avatar milkyway 307 days ago in AUD made popular 307 days ago

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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GBP/USD Follows the Euro Up

posted by Avatar milkyway 310 days ago in USD, CAD, AUD, Economic Indicators

The value of the RSI indicator is neutral and calm, MACD is positive and tranquil, while CCI has thinly crossed up the 100 line on the 1 hour chart, giving overall neutral signals. 5:30 GMT+1 Buy GBP/USD at 1.6296 SL 1.6270 TP 1.6356, exit sent at 8:13 ... read more
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Eurozone July flash manufacturing PMI 50.4

posted by Avatar milkyway 310 days ago in EUR

By Gerry Davies || July 21, 2011 at 08:07 GMT EUR/USD sits at 1.4245 having been hit by thhe weak european PMI data this morning. Reports of sell stops gathered down in 1.4200/10 area. The content of this field will not be shown publicly. ... read more
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The EUR weakened against most of its major counterparts

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

After reaching an all-time low around 0.8033, the USD depreciated 0.2 percent to 0.8133 against the CHF. The JPY declined to 79.13 against the USD. Australia's inflation rate grew by 1 percent and supported the NZD, which fetched 0.2 percent to 1.2572 ... read more
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ANZ Market Focus - 18 July 2011

posted by Avatar milkyway 314 days ago in NZD made popular 314 days ago

Our composite job ads series suggests the unemployment rate will continue falling. Our unemployment direction index, which aggregates a range of monthly labour market indicators including job ads, also suggests a small decline in the unemployment rate ... read more
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Should You Bank On Turkey's Growth?

posted by Avatar milkyway 315 days ago in CAD made popular 315 days ago

The general consensus is the central bank should be more straight-forward and comprehensive to address the current account deficit (CAD). Tim says that raising interest rates would be self-defeating at this point. Instead of stemming off money flows, ... read more
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EUR/USD holds gains as Bernanke testimony looms

posted by Avatar milkyway 318 days ago in USD, EUR made popular 318 days ago

Forexpros - The euro held gains against the US dollar on Wednesday, ahead of testimony on the US economic outlook from Federal Reserve Chairman Ben Bernanke, while Irish government bond yields surged after the country's debt was downgraded. ... read more
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Dollar Pauses Versus Euro As ECB Hikes Key Rate

posted by Avatar milkyway 324 days ago in EUR, GBP made popular 324 days ago

Meanwhile, the Bank of England left its key interest rate unchanged at a historic low again as expected and maintained the size of the quantitative easing at GBP 200 billion. The dollar was slightly stronger at $1.5970 versus the sterling, ... read more