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Dlr index at 1-mth low after China warning

posted by Avatar chloegurl 354 days ago in USD, EUR, JPY, CHF, AUD, NZD made popular 354 days ago

DXY fell to 73.556, its lowest since May 5, while the greenback fell to 0.8327 Swiss francs CHF= on trading platform EBS -- a record low. It has lost nearly 11 percent against the Swiss franc this year. The index's fall past support at 73.562, ... read more
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AUD/USD, AUD/JPY Flows: Less than hawkish commentary from RBA ...

posted by Avatar chloegurl 355 days ago in AUD

Although they did mention that private investment is picking up and national income is growing strongly, they countered it by saying that gorwth in employment have eased and household sector spending is still cautious. AUD reached a low of 1.0680 with ... read more
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Stock market to rebound

posted by Avatar chloegurl 356 days ago in USD made popular 356 days ago

We believe the Federal Reserve are far from providing a fresh package given the Fed currently views the slowdown as temporary, interest rates are near or at yearly lows, the USD is already weak and financial conditions are accommodative. read more
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Rupee faces multiple headwinds

posted by Avatar chloegurl 357 days ago in Economic Indicators made popular 357 days ago

We believe there is a significant downside risk to USD-INR exchange rate. Inflation is at an all-time high; the consumer price index (CPI) increased 10.88 per cent in 2009 and 13.19 per cent in 2010. The monetary policy changes to control inflation ... read more
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May Non-Farm Payrolls Show Slow Pace of Hiring as Manufacturing, Retail Jobs ...

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

That will undermine USD strength as we go forward in June. Today's action saw the USD gain on risk-off trading, especially in the first 30 minutes after the release, as the USD gained not only against commodity currencies closely tied to global growth ... read more
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Dollar sinks to new low vs franc; struggles vs euro

posted by Avatar chloegurl 360 days ago in USD made popular 360 days ago

"Beginning with housing numbers, joined by local manufacturing data and now today with employment numbers, we believe the US economy is hitting the brakes at exactly the wrong time for the Federal Reserve," he said. "The USD has no choice but to weaken ... read more
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Foreign Exchange Update : GBP EUR Rate Set to Rise as Eurozone Sovereign Debt ...

posted by Avatar chloegurl 362 days ago in EUR, AUD

The Pound Dollar exchange rate (GBP USD) is 1.6541. The Pound Australian Dollar exchange rate (GBP AUD) is 1.5442. The British Chambers of Commerce issued a gloomy prognosis for the UK economy in a report which was released over the weekend. ... read more
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GBP/USD remains under pressure in thin trade

posted by Avatar chloegurl 362 days ago in USD, EUR made popular 362 days ago

Forex Pros - The pound remained weaker against the US dollar on Monday, hovering close to the session low in thin holiday trade, as ongoing concerns over Greek sovereign debt weighed on market sentiment. GBP/USD hit 1.6454 during European late ... read more
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Loonie Declines After Canada's Q1 GDP Report

posted by Avatar chloegurl 362 days ago in USD, EUR, JPY, CAD made popular 362 days ago

After moving broadly sideways in the previous session, the Canadian dollar edged lower on Monday following the release of the nation's first quarter Gross Domestic Product report at 8:30 am ET. Real gross domestic product (GDP) advanced 1.0 ... read more
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Euro Is Rising on Encouraging Economic Data From Spain

posted by Avatar chloegurl 365 days ago in EUR

Today, the Spanish economy also helped to provide some boost to the euro as its retail sales beat market expectations. According to the National Statistics Office data, retail sales fell by 2% in April, compared to a year earlier, when most analysts ... read more
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Market Outlook of the Week (May 9th 14th)

posted by Avatar chloegurl 379 days ago in all made popular 379 days ago

The USD index's daily RSI broke higher one day in advance to price and the EUR/USD's daily RSI confirmed the break below channel support in real-time. Now as we turn our technical emphasis to gold, the daily RSI broke below trendline support on May 4th ... read more
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Will the Swiss Franc Continue to Be a Safe Haven?

posted by Avatar chloegurl 380 days ago in USD, EUR, CHF made popular 380 days ago

Thanks to the US's twin deficits, budget and trade, plus Bernanke's injection of a couple trillion dollars into the economy, the USD is no longer held in esteem. Once a safe haven, a place to park your money and not fear depreciation in value, ... read more