Feedback Form

Avatar fx360

12 votes Vote story as "Fresh"
0 votes Vote story as "Stale" 

Aussie Drops Below .9100 As RBA Turns Neutral

posted by Avatar fx360 662 days ago in Daily made popular 662 days ago

As expected the Reserve Bank of Australia left rates unchanged at 4.5%, indicating that it may remain stationary for the foreseeable future. In its post announcement statement the RBA noted that, “With growth likely to be close to trend, inflati read more
12 votes Vote story as "Fresh"
0 votes Vote story as "Stale" 

Dollar Hits New Weekly Lows as Fears of Fed QE Mount

posted by Avatar fx360 662 days ago in USD, EUR, Daily made popular 662 days ago

A report that the Fed may be considering another round of monetary easing in order to prop up the slowing US economy and laissez-faire comments from Japanese Finance Minister Noda helped push the dollar to fresh weekly lows against both the euro read more
7 votes Vote story as "Fresh"
0 votes Vote story as "Stale" 

FX Markets Shrug Off Weak Chinese PMI - But Will the Rally L

posted by Avatar fx360 663 days ago in USD, EUR, Daily made popular 663 days ago

Chinese PMI contracted for the first time in 17 months with the HSBC Manufacturing gauge printing at 49.4 versus 50.4 the period prior. The official PMI reading issued on Sunday saw a more modest decline to 51.2 from 52.1 in June. The data confi read more
4 votes Vote story as "Fresh"
0 votes Vote story as "Stale" 

Risk Remains Bid, But US Data Key

posted by Avatar fx360 663 days ago in USD, EUR, Daily

Risk FX remained well bid on the first trading night of the week despite weaker Chinese PMI Manufacturing data that showed the first contraction in the index in 17 months. The HSBC Manufacturing gauge printed at 49.4 versus 50.4 the period pri read more
4 votes Vote story as "Fresh"
0 votes Vote story as "Stale" 

Dollar slips; euro unfazed by Ireland downgrade

posted by Avatar fx360 677 days ago in USD, EUR made popular 4562 days ago

"The euro ... proved immune to the latest risk aversion news, soaring more than 100 points off lows to trade $1.2975 by mid-morning European session," said Boris Schlossberg, director of currency research at GFT. read more
11 votes Vote story as "Fresh"
0 votes Vote story as "Stale" 

EUR: How Much Further Can It Rise?

posted by Avatar fx360 680 days ago in USD, EUR, Daily made popular 680 days ago

The big story in the forex market today was the relentless rally in the euro. After rising more than 200 pips, the EUR/USD ended the NY trading session at a fresh 2 month high. Bad news out of the U.S. and good news from Europe sparked a rally th read more
11 votes Vote story as "Fresh"
0 votes Vote story as "Stale" 

Euro Targets 1.3000

posted by Avatar fx360 680 days ago in USD, JPY, Daily made popular 680 days ago

Yen approached its 2010 highs breaking below the 87.00 handle in Asian trade as Nikkei sunk by nearly 3% on the final trading day of the week while EUR/USD took out the 1.2950 level with longs targeting the psychologically key 1.3000 figure as U read more
4 votes Vote story as "Fresh"
0 votes Vote story as "Stale" 

Dollar Poised for Further Losses After US Data

posted by Avatar fx360 681 days ago in USD, Daily

Forex traders have continued to dump the dollar after the first set of U.S. economic reports showed additional weakness in the U.S. economy. Weekly jobless claims increased less than expected but the rest of the numbers are very dollar bearish. read more
8 votes Vote story as "Fresh"
0 votes Vote story as "Stale" 

USD: Fed Sees More Pain

posted by Avatar fx360 681 days ago in USD, Daily made popular 681 days ago

Currency traders dumped the dollar today after a weaker than expected retail sales report and renewed pessimism from the Fed. Despite a pickup in the equity market into the June FOMC meeting, a rather abysmal employment report that showed only a read more
6 votes Vote story as "Fresh"
0 votes Vote story as "Stale" 

Weaker Chinese Data Weighs on Risk FX

posted by Avatar fx360 681 days ago in USD, JPY, Daily made popular 681 days ago

Chinese economic numbers printed weaker across the board triggering a selloff in high beta currencies as worries over the potential slowdown in global growth resurfaced in the market. Chinese GDP for Q2 came in at 10.3% versus 10.5% forecast - mo read more
4 votes Vote story as "Fresh"
0 votes Vote story as "Stale" 

Euro Rallies on Successful Spanish Auction

posted by Avatar fx360 681 days ago in USD, EUR, Daily

Risk FX rallied in midmorning European trade on the back of a strong Spanish bond auction that allayed fears over the financing of Southern European sovereign debt. Euro took out the 1.2800 figure while cable finally broke through 1.5300 handle read more
15 votes Vote story as "Fresh"
0 votes Vote story as "Stale" 

Better Labor Data Propels Cable to 2 Month Highs

posted by Avatar fx360 682 days ago in USD, Technical, Daily made popular 682 days ago

UK Claimant count printed better than forecast helping to fuel a rally in cable that pushed the unit to a fresh 2 month high above 1.5250. UK jobless rolls declined by another -20.8K versus -20.1K eyed while the unemployment rate dipped to 7.8% read more