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Trading Week Outlook: August 1 - 5, 2011

posted by Avatar portelo 301 days ago in Economic Indicators

GBP- Bank of England Interest Rate Announcement, Thurs., Aug. 4, 7:00 am, ET. The Bank of England's August meeting would be likely to bring more of the same- no change in the existing accommodative monetary policy as the benchmark rate is left at the ...  read more
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NZ Trade Balance As Kiwi Marches To Its Own Drummer

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

by Ivan Delgado Egea - FXstreet.com | View company's profile Statistics New Zealand reported New Zealand's trade surplus in May was NZ$605 million, which was down from surplus of NZ$770 million in May a year ago and below market expectations for a ...  read more
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USD/CAD up in US trade

posted by Avatar portelo 309 days ago in EUR, CAD made popular 309 days ago

By Forexpros.com The pair was likely to find support at 0.9424, Thursday's low, and resistance at 0.9635, Monday's high. Meanwhile, the US Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.41% to hit 1.4366 and GBP/USD ...  read more
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COMPANY SNAPSHOT: AstraZeneca, Kingfisher, Petropavlovsk, Global Petroleum ...

posted by Avatar portelo 310 days ago in GBP

Staying with oil and gas juniors, Global Petroleum (LON:GBP) said that its partner Texon Petroleum (ASX:TXN) reported that the latest Leighton Olmos production well, Peeler No.3, has reached its total depth. The targeted Olmos sand in Peeler No.3 has ...  read more
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USD/JPY ranging between 78.90/78.70, bearish tone remains

posted by Avatar portelo 311 days ago in USD

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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AUD/USD down during Asian trade

posted by Avatar portelo 312 days ago in EUR, AUD

Meanwhile, the Australian Dollar was down against the Euro and the Japanese Yen, with EUR/AUD gaining 0.10% to hit 1.3203 and AUD/JPY falling 0.10% to hit 84.89. Forex Pros offers a diverse set of professional tools for Forex, Futures and CFDs. ...  read more
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QE3 Talk Prompts Trade Signals

posted by Avatar portelo 319 days ago in JPY, Economic Indicators made popular 319 days ago

The Trade Desk has been calling for clients to load the daily Trade Plans, which this week alone have generated over 300 pips (two sessions). USD/JPY was loaded with an entry from 79.15 that filled, and then dropped to 78.50. EUR/JPY and GBP/JPY have ...  read more
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EUR/GBP settles around 0.8800

posted by Avatar portelo 319 days ago in EUR made popular 319 days ago

The pair has since been able to recover to the upside of 0.8800 however as the initiall high risk aversion eases ever so slightly, conslidating around the technical barrier in afternoon trade over Europe. While currently holding steady ahead of the ...  read more
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Jobs Data Jolt Outlook for Rates

posted by Avatar portelo 322 days ago in EUR, Economic Indicators made popular 322 days ago

The European Central Bank raised its key policy rate another quarter-percentage point, to 1.5%, as expected. But ECB President Jean-Claude Trichet indicated that rates were on hold for a while. China also raised key interest rates last week for the ...  read more
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Asia Stocks, Won Gain Before US Data

posted by Avatar portelo 324 days ago in USD made popular 324 days ago

China, which raised interest rates this week for the third time this year, brought forward the release of June inflation data to tomorrow. The risky assets are really the place to be right now, mainly because we don't feel we're going into a ...  read more
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USD/JPY soars to 5-week highs after ADP

posted by Avatar portelo 324 days ago in USD, JPY

The Greenback has strengthened and accelerated gains across the board after the ADP employment report showed private employment in the US increased more than expected in June. USD/JPY climbed almost 50 pips and reached its ...  read more
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Foreign Exchange Report : GBP AUD Rate Gains Following Bleak RBA Statement ...

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

The RBA predicted that domestic growth was unlikely to be as strong as had been previously forecast and went on to raise doubts about the continued strength of global growth over coming quarters, hinting at a double dip recession. ...  read more