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Eurostat detects large drop in Hungary's unemployment rate

posted by Avatar milkyway 327 days ago in EUR made popular 327 days ago

But the situation on the labour market deteriorated in some economies, mostly in those that struggle with debt, but we find worse U-rate numbers in Bulgaria and Slovenia, as well. The euro area (EA17) seasonally-adjusted unemployment rate was 9.9% in ... read more
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King Defends Record-Low U.K. Rates as He Points to Risks From Greek Crisis

posted by Avatar milkyway 333 days ago in USD, GBP made popular 333 days ago

By Scott Hamilton - Tue Jun 28 10:58:01 GMT 2011 Bank of England Governor Mervyn King defended policy makers' decision to hold interest rates at a record low as he noted risks to the economic recovery from the sovereign-debt crisis in the euro area. ... read more
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Canadian Currency Falls for Third Day, Heads for Weekly Drop

posted by Avatar milkyway 337 days ago in CAD made popular 337 days ago

"We're starting to see a little bit of a US dollar rebound," said Aaron Fennell, a futures specialist at Bank of Nova Scotia's ScotiaMcLeod unit in Toronto. "Not only on the currency side, but also on the commodity side. The Canadian dollar will ... read more
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EUR/AUD: Selling flows reported

posted by Avatar milkyway 347 days ago in EUR made popular 347 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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NZ dollar claws its way back up in wake of aftershocks

posted by Avatar milkyway 348 days ago in NZD made popular 348 days ago

Analysts now expect the next lift in NZ interest rates to be in January rather than December. It shed nearly US1c to a low of US81.17 on Monday as Christchurch was rocked and wracked by tremors that killed one man and injured another 40 people. ... read more
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Here We Go Again!

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

Loonie (CAD): There's not a lot of news due out this week for the Loonie so expect it to trade closely tethered to oil prices and to be affected by US economic data. Risk events such as the Euro debt situation and Chinese CPI could drive3 price action ... read more
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GBP/USD upside capped at 1.6465 again

posted by Avatar milkyway 352 days ago in USD

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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Holds Anticipated for BOE and ECB

posted by Avatar milkyway 352 days ago in EUR, GBP made popular 352 days ago

Unfortunately for those looking for the cost of borrowing to rise the increase in CPI to 4.4% has been mainly as a result of commodity price inflation and not as a result of wage negotiations in the UK. Until that changes, an increase in interest rates ... read more
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GBP/USD Technical Analysis 8 June 2011

posted by Avatar milkyway 353 days ago in USD, EUR, GBP, AUD

The value of the RSI indicator is negative and declining, MACD is positive and quiet, while CCI has crossed down the 100 line on the 1 hour chart, giving overall light short signals. 8:18 GMT+1 Sell GBP/USD at 1.6389 SL 1.6415 TP 1.6329, ... read more
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USD Strengthens On Risk-Aversion After Weak Job Data, Focus On NFP

posted by Avatar milkyway 358 days ago in USD, AUD made popular 358 days ago

The AUD got a significant boost from a strong retail sales report. April sales rose +1.1% m/m (cons. 0.4%). The trade balance, released at the same time, was somewhat weaker than expected but the negative surprise was not big enough to hold back the ... read more
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Euro holds near 1-mth high vs dlr before US jobs

posted by Avatar milkyway 358 days ago in USD, JPY made popular 358 days ago

However, traders said the euro could struggle to make gains beyond the one-month high of $1.4518 hit in Asian trade, citing selling interest around that level, more ahead of an options barrier at $1.4550 and further offers around $1.4565-70. ... read more
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P&G likely to make GBP 38 billion bid for Unilever; HUL stock rises

posted by Avatar milkyway 360 days ago in GBP made popular 360 days ago

LONDON: In what could be one of the biggest deals in the global FMCG sector, consumer goods giant Procter & Gamble is rumoured to be lining up a 38 billion bid for its biggest rival Unilever. Wild rumours are doing the rounds that Procter & Gamble ... read more