Feedback Form

Avatar cane

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

Daily Forex Forecast 06/14/2011

posted by Avatar cane 348 days ago in EUR made popular 348 days ago

US and European equity markets were flat, as investors continue to be concerned about the problems in Greece, the unwinding of QEII in the US and the slowdown of the global economy. Despite the stronger start today, the AUD is likely to be under some ... read more
26 votes Vote story as "Fresh"
0 votes Vote story as "Stale" 

USD/JPY, USD index Flows: Fed expands capital planning program

posted by Avatar cane 349 days ago in USD made popular 349 days ago

Next week's data calendar heats up in the US, and includes such releases as retail sales which may provide a bit more interesting price action. CB This is just a sample report that would be received as part of our Flows package (see below). read more
26 votes Vote story as "Fresh"
0 votes Vote story as "Stale" 

Morning Briefing: Eyes on Euro-Zone Post-ECB Meeting

posted by Avatar cane 351 days ago in EUR made popular 351 days ago

By Sean Carney Regional investors will have all eyes on euro-zone markets Friday following comments from the president of the European Central Bank indicating that it plans to raise interest rates next month. Central Europe's foreign exchange market ... read more
38 votes Vote story as "Fresh"
0 votes Vote story as "Stale" 

Canadian Dollar Rises on Oil's Gain as ECB Keeps Its Policy Rate Unchanged

posted by Avatar cane 352 days ago in USD, EUR, CAD, NZD made popular 352 days ago

By Cecile Vannucci - Thu Jun 09 12:20:15 GMT 2011 The Canadian dollar strengthened against its US counterpart as crude oil, Canada's biggest export, rose. The loonie, nicknamed for the image of the aquatic bird on the C$1 coin, gained after the ... read more
39 votes Vote story as "Fresh"
0 votes Vote story as "Stale" 

RBA Statement Does Not Give Clues to Next Rate Hike, AUD Pressured

posted by Avatar cane 354 days ago in USD, EUR, JPY, AUD, Economic Indicators made popular 354 days ago

They held rates at 4.75%, and while the market may have been coming in expecting some signs about future interest rate increases and perhaps looking for the central bank to increase its view of upside risks to inflation, the RBA statement was mainly a ... read more
4 votes Vote story as "Fresh"
0 votes Vote story as "Stale" 

Still on Track for a EU / IMF Sponsored Bailout of Greece

posted by Avatar cane 354 days ago in CHF

While growing imbalances within the economy surely will generate concern, an interest rate kicker on top of the darling safe haven trade, will only exacerbate the problem, as the CHF will attract yield starved investors even more. ... read more
26 votes Vote story as "Fresh"
0 votes Vote story as "Stale" 

Momentum Needs to Break in Bullion Trade

posted by Avatar cane 355 days ago in USD made popular 355 days ago

Traders should be ready for a move in bullion values, but with equity momentum looking like it will transpose itself into USD near-term buying, moves higher in gold and silver trade will need to hit soon. Trade desk updates recently highlighted the ... read more
30 votes Vote story as "Fresh"
0 votes Vote story as "Stale" 

USD/JPY, bearish bias continues V. Bednarik

posted by Avatar cane 356 days ago in USD made popular 356 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
26 votes Vote story as "Fresh"
0 votes Vote story as "Stale" 

Dollar Declines Against Yen as U.S. Adds Fewer Jobs, Damping U.S. Outlook

posted by Avatar cane 358 days ago in Economic Indicators made popular 358 days ago

The jobless rate rose to 9.1 percent. Employment was forecast to grow by 165000 last month, according to the median estimate of economists surveyed by Bloomberg News. Given the very, very weak labor market, the shorts are going to want to test the 80 ... read more
25 votes Vote story as "Fresh"
0 votes Vote story as "Stale" 

US Economy Falters But Wall Street In The Money

posted by Avatar cane 361 days ago in USD, AUD made popular 361 days ago

The US Dollar has been under significant pressure over the past several trading sessions and is broadly lower. Traders of EUR/USD on the eToro trading floor are favoring selling over buying by a 17 to 5 ratio. Sentiment among eToro's AUD/USD traders is ... read more
3 votes Vote story as "Fresh"
0 votes Vote story as "Stale" 

USD/CAD Remains Stuck in Sideways Range After GDP Release, Tomorrow's BOC ...

posted by Avatar cane 362 days ago in CAD, Economic Indicators

Trade was a net drag on the economy from January to March as imports of goods and services rose faster than exports. Imports gained 2.2 percent in the first quarter, after a prior decline of 0.1 percent. Exports, which equaled 32 percent of Canada's ... read more
30 votes Vote story as "Fresh"
0 votes Vote story as "Stale" 

Franc And Kiwi On Fire Despite Opposing Risk Profiles; We Question the Move

posted by Avatar cane 366 days ago in JPY, CHF made popular 366 days ago

Other currencies on the move include the Yen which is finding renewed bids as Usd/Jpy drops back below 81.00, and the Pound which contemplates a retest of psychological barriers by 1.6500, aided by some better than expected consumer confidence data. ... read more