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India Forex Advisors / Market Commentary /2_June_2011

posted by Avatar butterscotch 360 days ago in AUD

Medium term: Slight bearish AUD/USD: Australian Dollar is currently trading at 1.0622 levels. The Aussie is weaker against the dollar as risk aversion dominates and Australia's trade balance data came out weaker than expected. But this morning AUD ... read more
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NZD breaks higher after strong business outlook

posted by Avatar butterscotch 362 days ago in NZD made popular 362 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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USD generally soft in early Asian trade

posted by Avatar butterscotch 362 days ago in USD, CHF made popular 362 days ago

The Nikkei is flat in early trade but the USD is down across the board after the WSJ article encouraged short covering in the EUR/USD and this spread then to other USD pairs. NZD/USD is testing the .8215 level mentioned earlier, USD/CHF is close to ... read more
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EUR/GBP, GBP/USD Flows: generally marking time on a quiet day

posted by Avatar butterscotch 362 days ago in EUR, Economic Indicators made popular 362 days ago

by FXMarketAlerts Team - FXMarketAlerts | View company's profile Traders in Asia failed to get too excited by the BCC downgrading its UK GDP forecast a notch to 1.3% from 1.4% and GBP has proved steady enough so far in today's very quiet trade that is ... read more
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ForexLive US wrap: CHF again surges to a record as Euro and dollar dither

posted by Avatar butterscotch 365 days ago in EUR, CHF made popular 365 days ago

EUR/USD made two trips to the 1.4300 area today, one early in the day and once again as Europe closed for the day. News flow remains bearish for the euro but the market is comfortable in assuming a deal with the IMF will ultimately get done between ... read more
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British Pound Weakens Versus Euro on April Decline in Consumer Confidence

posted by Avatar butterscotch 374 days ago in EUR made popular 373 days ago

Retail sales climbed 0.8 percent in April, compared with 0.2 percent a month earlier, according to the median estimate in a Bloomberg survey of six economists before the report at 9:30 am today. Sterling depreciated 0.2 percent against the euro to ... read more
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AUD/JPY trading in range between 86.69 and 86.31

posted by Avatar butterscotch 375 days ago in AUD made popular 375 days ago

Retreating from these highs, the pair dipped below 86.35 and has since recovered, now quoted at 86.45, in practically the same place it began the Asian trade. If the cross begins to downtrend below 86.31 (Daily low), support may be found at 86.08 (May ... read more
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Market Insight Report 18 May 2011

posted by Avatar butterscotch 375 days ago in USD, EUR, JPY, CAD, AUD

AUD failed yet again to get through 1.0500 and the reversal was swift on the release of the US housing data and AUD quickly bounced back to the highs. Traders seem content to play the range from the short side and with 1.0630/40 resistance so close it ... read more
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Sterling jumps, gilts extend slide on UK CPI data

posted by Avatar butterscotch 375 days ago in GBP

Short sterling rate futures also extended losses to trade as much as 8 ticks lower on the day. Britain's FTSE 100 .FTSE extended losses to trade 0.3 percent lower at 5905.07 after the data. (Reporting by London Markets Team) read more
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Asia Midday Highlights

posted by Avatar butterscotch 380 days ago in AUD made popular 380 days ago

GBP/JPY was not an outlier - easing below 131.50 at last indication. AUD/JPY did not fare better despite advance in gold, slipping under 86 figure. Cross/JPY also expected to face downside pressure on yen repatriation - stemming from UST worth 18.9bn ... read more
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Cascades posts loss on high raw material costs

posted by Avatar butterscotch 380 days ago in USD, CAD

Canada's packaging and paper products company Cascades Inc (CAS.TO: Quote) posted a quarterly loss hurt by a rise in cost of raw materials such as recycled fiber, and appreciation of the Canadian dollar. Cascades, which produces packaging ... read more
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The Risk Today EUR/USD, GBP/USD, USD/JPY USD/CHF

posted by Avatar butterscotch 380 days ago in all made popular 380 days ago

For those who chose not to trail their stop on the head and shoulders pattern and are still in on the trade, the pattern is still very much on course for a target of 1.6125. Next supports lie at 1.6270 (Monday's low) and 1.6167 (18 Apr low). ... read more