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Possible Bull Flag On Kiwi!

posted by Avatar Shawn 316 days ago in NZD made popular 316 days ago

By Mike Conlon on Jul 15, 2011 01:46:15 GMT A quick check of the NZD/USD pair shows a possible bull flag formation as the combination of New Zealand's economic strength (as reported by better than expected GDP figures the other day) and potential for ... read more
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Euro is losing the benefit of the doubt

posted by Avatar Shawn 318 days ago in EUR

This was both due to rising uncertainty on the global economy and the lack of a decisive policy response to the Greek debt crisis. This pushed EUR/USD to a correction low of 1.3940 end May. However, at that time, there was still a balance of weakness ... read more
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Anticipating UK Employment Data In The Context Of Bearish GBP/USD

posted by Avatar Shawn 319 days ago in Economic Indicators made popular 319 days ago

Bullish Scenario: Despite evidence pointing to a slowing economy, the labor market manages to keep the claimant count flat, meaning we have a positive surprise in the data, a figure of 10K or less. That can help give the GBP/USD some support as it ... read more
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The Dow Jones Industrial Average declined 151.44 points

posted by Avatar Shawn 319 days ago in Commodities made popular 319 days ago

GBP/USD The greenback showed additional gains against the British pound. The dollar rose against the British pound, which bought $1.5864 compared with $1.5901 late Monday. Gold climbed to a two-week high, topping $1550 an ounce, on demand for a store ... read more
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AUD/USD down on economic data

posted by Avatar Shawn 321 days ago in AUD

By Forexpros.com Forex Pros pros - The Australian Dollar was lower against the US Dollar on Monday after the release of Australian data on Home Loans. AUD/USD was trading at 1.0698, down 0.53% at time of writing. The pair was likely to find support ... read more
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Spanish, Italian Notes Fall for 4th Day Before ECB Rate Decision

posted by Avatar Shawn 324 days ago in EUR

By Paul Dobson and Emma Charlton July 7 (Bloomberg) -- Spanish bonds fell for a fourth day as the euro area's sovereign-debt crisis threatened to spread and the European Central Bank pushes ahead with an increase in interest rates. ... read more
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Interest-rate meetings!

posted by Avatar Shawn 324 days ago in EUR made popular 324 days ago

by Jyske Bank Team - Jyske Bank | View company's profile Today will see interest-rate announcements from the UK (BoE) and the euro zone (ECB). We expect that the announcement from Bank of England will be a non-event, ie a brief statement that the rate ... read more
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Sterling slips vs dlr on UK, US bank sales

posted by Avatar Shawn 325 days ago in USD, EUR, GBP

But analysts said further downside for the common currency against sterling would be limited by diverging rate profiles, with the European Central Bank widely expected to raise interest rates on Thursday and signal more tightening ahead. ... read more
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Australian Dollar Extends Slide Amid RBA Interest Rate Decision

posted by Avatar Shawn 327 days ago in USD, GBP, AUD made popular 326 days ago

The aussie slipped to a fresh 3-week low against the NZ dollar, 6-day low against the US dollar and the euro, 12-day low against the Canadian dollar and a 4-day low against the yen. At today's meeting, the Monetary Policy Board judged that the current ... read more
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USD/JPY weekly outlook: July 4 - 8

posted by Avatar Shawn 328 days ago in USD made popular 328 days ago

But the dollar pared gains after a report showing that construction spending hit an almost 12-year low in May, reinforcing expectations that the Federal Reserve will keep interest rates on hold for some time to come. In the week ahead, the main focus ... read more
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Nearly USD 3b in foreign exchange - External Affairs Minister

posted by Avatar Shawn 335 days ago in USD, Economic Indicators made popular 335 days ago

GLPeiris said that the government has launched an effective programme for the benefit of the Sri Lankan expatriates employed abroad who earn approximately USD 3 billion as foreign exchange each year and that Ministry of Foreign Employment, ... read more
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British Pound Near Two-Week Low Versus Euro Before BOE Releases Minutes

posted by Avatar Shawn 340 days ago in EUR made popular 340 days ago

Fischer told the Daily Mail on June 1 that he wants to be sure the economy is over its soft patch before the key interest rate is increased. The pound was little changed at 88.69 pence per euro as of 7:34 am in London. Sterling traded at $1.6249 from ... read more