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Risk appetite opens soft in Asia, all eyes on local bourses

posted by Avatar ashpotter 10 days ago in EUR made popular 10 days ago

Uncertainty surrounding Greece remained the focus, as stronger than forecast US housing starts & IP had only a short lived impact, Eurofirst 300 closed down 0.49%, S&P 0.44%, NYMEX crude fell 1.45% to 92.63. Risk off in FX continued to express itself ... read more
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Pound Falls as UK Economy Threatened by Europe’s Crisis

posted by Avatar commodityblog 10 days ago in USD, GBP, Fundamental made popular 10 days ago

The Great Britain pound slumped today after the Bank of England trimmed its growth forecast as the crisis in Europe escalates. Positive employment data did not manage to help the weakening currency. read more
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GBPUSD update - Nial Fuller

posted by Avatar Nial-Fuller 10 days ago in Daily made popular 10 days ago

GBPUSD update - Nial Fuller read more
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USD 410 votes down in-town busing

posted by Avatar rui 10 days ago in USD

By ADAM STEWART USD 410 Board of Education heard a request from a group of parents to restore the in-town bus route that was cut in 2010, but ultimately the board decided to seek other solutions to the parents' concerns. The town route was eliminated ... read more
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USD/JPY Breaks Above Channel Resistance; Trades at May High

posted by Avatar FXTimes 10 days ago in USD, JPY, Technical made popular 10 days ago

USD/JPY indeed bottomed out in the short-term and broke above a declining channel resistance. The 1H chart shows the bottoming formation. There is resistance in the 80.50-80.60 area. This is the May high established in the beginning of the month read more
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ForexLive: USD/JPY Reaches 50% Target and Stalls

posted by Avatar ejc 10 days ago in JPY, Technical, Daily made popular 10 days ago

The USD/JPY continued it’s move to the upside in trading overnight and extended to the 50% retracement target at 80.55...more. read more
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USD/CAD Breaks Key Resistance Opening Up the 1.30 Handle

posted by Avatar FXTimes 10 days ago in USD, CAD, Technical made popular 10 days ago

The USD/CAD finally breaks above the 1.0050-1.0060 resistance, suggesting a bullish trend developing after a period of sideways trading below 1.0050. Looking at the 1H chart we see that the previous resistance is being treated as the market rejec read more
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GBP/USD Losing Further Ground, Next Target 1.59

posted by Avatar alexandria 10 days ago in USD, EUR, CAD, AUD made popular 10 days ago

On Tuesday Pound/Dollar decreased significantly with almost 130 pips. The Cable depreciated from 1.6115 to 1.5988 yesterday, in converse with the positive money flow sentiment at almost +12%, closing the day at 1.5991. Today the British Pound dipped ... read more
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European Factors to Watch - Fresh troughs seen for stocks

posted by Avatar CommodityTip 10 days ago in all made popular 10 days ago

MIASJ0000PUS -2.8 % -13.68 EUR/USD 1.2712 -0.14 % -0.0018 USD/JPY 80.37 0.22 % 0.1800 10-YR US TSY YLD 1.764 -- -0.01 10-YR BUND YLD 1.459 -- -0.01 SPOT GOLD $1536.01 -0.52 % -$8.09 US CRUDE $92.69 -1.37 % -1.30 GLOBAL MARKETS: Shares fall as Greek ... read more
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Greece Avoids One Bond Default but at What Cost?

posted by Avatar eToro 11 days ago in EUR, Fundamental, Daily made popular 10 days ago

With a new caretaker government ready to be installed there, it was not exactly business as usual in Greece; in a move that will likely infuriate sovereign bondholders, who agreed to take major haircuts on Greek debt, the Greek government (in its read more
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Germany and France Show United Front even as Greek Rift Grow

posted by Avatar eToro 11 days ago in EUR, Fundamental, Daily made popular 10 days ago

Francois Hollande, the newly-inaugurated president of France, met with German Chancellor Angela Merkel yesterday for their first face-to-face encounter as elected heads of state. While austerity and growth issues are likely to eventually drive a read more
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Gold & Silver – Daily Outlook May 16

posted by Avatar liorcohen 11 days ago in Fundamental, Daily, Gold made popular 10 days ago

Gold and silver prices continued their downward trend during yesterday’s trading despite the slightly positive news of the higher than expected growth rate of Germany’s GDP in the Q1 2012 (a growth rate of 0.5%); the news of the new elections in read more