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AUD/USD continues its push higher

posted by Avatar fxcashmonster 366 days ago in AUD made popular 366 days ago

AUD/USD closed yesterday's trade more than 100 pips above its 1.0529 open, rising from an almost 6-week low to record the largest daily gain since the 6th day of May. At the start of the Asian trade, AUD/USD is under selling ... read more
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Japanese Yen Strength Is Illogical, But Does It Matter?

posted by Avatar fxcashmonster 369 days ago in USD, JPY made popular 369 days ago

Thanks to an interminable streak of weak growth combined with deflation, Japan's nominal GDP is, incredibly, the same as it was in 1996. Based on industrial production, consumption, and other economic indicators -- all of which were negatively impacted ... read more
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Housing price in Kyiv will be 15-20% down by year end

posted by Avatar fxcashmonster 373 days ago in Economic Indicators

In the nearest and the medium-term perspective, the expert noted, it is worth expecting reduction of housing prices in other large cities of Ukraine. Bondarenko added that a price that will suit the average statistical buyer makes up USD 1200/sq m for ... read more
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Swiss May Zew comes weaker than expected

posted by Avatar fxcashmonster 373 days ago in CHF made popular 373 days ago

CHF weakening against EUR and USD. USD/CHF trades at 0.8830 and small offers lined up in 0.8840/50 area. Bids nearby in 0.8810s. While in EUR/CHF offers reside at 1.2780 resistance and bids in 1.2550s. Trading foreign exchange on margin carries a high ... read more
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Brent crude oil futures, Canadian dollar slip in price

posted by Avatar fxcashmonster 375 days ago in CAD made popular 375 days ago

Brent crude oil futures, the largest of Canada's exports, slipped in value as the Canadian dollar lost ground for a third straight day to its counterpart to the south, Bloomberg reports. Commonly referred to as the loonie because of the $1 coin holds ... read more
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EUR/USD Weekly Fundamental Analysis for May 16-20, 2011

posted by Avatar fxcashmonster 378 days ago in EUR made popular 378 days ago

By Forex Mansion By ForexMansion.com The EUR/USD fluctuated heavily last week as the risk aversion remained evident most of the week and the euro was caught with the debt crisis that suppressed its gains. Nevertheless, with the week coming to an end, ... read more
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Key Euribor rates remain under downward pressure

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

The three-month Euribor rate EURIBOR3MD= -- traditionally the main gauge of unsecured interbank euro lending and a mix of interest rate expectations and banks' appetite for lending -- remained at 1.420 percent having fallen for the first time in two ... read more
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Asia Session: Markets Steady Despite Chinese Data...

posted by Avatar fxcashmonster 382 days ago in AUD made popular 382 days ago

The release of Chinese data, including CPI, PPI, industrial production and retail sales did little to spark markets despite CPI released at 5.3%, higher than the expected 5.2% but yet lower than last months 5.4%.. The AUD/USD stammered a bit on the ... read more
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USD/CAD down in US trade

posted by Avatar fxcashmonster 383 days ago in EUR, CAD made popular 383 days ago

The pair was likely to find support at 0.9505, Wednesday's low, and resistance at 0.9713, Thursday's high. Meanwhile, the US Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.17% to hit 1.4342 and GBP\/USD rising 0.12% to ... read more
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Parallels to the 1970s Suggest Further Dollar Weakening and Parabolic Move in ...

posted by Avatar fxcashmonster 391 days ago in USD made popular 391 days ago

Fed Chairman Bernanke pretty much gave a green light to USD bears and precious metal bulls in once again advancing the illusion that rising commodity prices are in no way related to our weakening currency but purely a byproduct of a strong global ... read more
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Dutch cbank: Weak euro zone states vulnerable to rate shock

posted by Avatar fxcashmonster 395 days ago in all made popular 395 days ago

Greece, Ireland and Portugal have become more vulnerable to negative interest rate shocks, the Dutch central bank warned on Wednesday. "A sudden interest rate increase in the capital markets, for example, will harm the ... read more
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USD/CHF down during Asian trade

posted by Avatar fxcashmonster 396 days ago in EUR, CHF made popular 396 days ago

Meanwhile, the US Dollar was down against the Euro and the Japanese Yen, with EUR/USD gaining 0.29% to hit 1.4686 and USD\/JPY falling 0.02% to hit 81.54. Forex Pros offers a diverse set of professional tools for Forex, Futures and CFDs. ... read more