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Relief rally offers some respite to investors

posted by Avatar stephenie 383 days ago in USD, EUR, JPY, GBP, CAD, AUD, Commodities

Prospects of a second Greek bailout or even of a Greek withdrawal from the euro-area weighed heavily on the single currency. However, Athens making a departure from the Eurozone seems unlikely at this stage since the economy and financial position is ... read more
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Eurozone Private Sector Recovery Continues; Retail Sales Tumble

posted by Avatar stephenie 388 days ago in USD, EUR, Economic Indicators made popular 388 days ago

Elsewhere today, a report released by the statistical office Eurostat showed a larger-than-expected fall in euro area retail sales for March. Retail sales were down 1 percent month-on-month in March, following February's 0.3 percent rise. ... read more
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AUD/JPY breaks overnight low

posted by Avatar stephenie 389 days ago in AUD

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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Ig Markets Morning Prices

posted by Avatar stephenie 389 days ago in AUD made popular 389 days ago

If the market gets a sense that the recent strength in the euro is starting to hurt their export led economy then we could see EURUSD test key support at 1.4633. Tonight's EU retail sales could also be a short term driver. The AUDUSD made an attempt to ... read more
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GBP/USD Technical Analysis 3 May 2011

posted by Avatar stephenie 389 days ago in USD, EUR, JPY, GBP, CAD, AUD made popular 389 days ago

The value of the RSI indicator is negative and declining, MACD is negative and quiet, while CCI has crossed down the 100 line on the 1 hour chart, giving overall short signals. 5:30 GMT+1 Buy GBP/USD at 1.6617 SL 1.6591 TP 1.6677, exit sent at 6:52 ... read more
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Dollar recovers after bin Laden killed

posted by Avatar stephenie 390 days ago in all

"An event like a retaliatory action would be dollar positive if it affects risk sentiment. But risk as a driver of the FX market has been much less than it has been ... The main trend is relative dollar weakness due to monetary policy." The euro EUR= ... read more
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EUR/USD Weekly Fundamental Analysis for May 2-6, 2011

posted by Avatar stephenie 393 days ago in USD, EUR made popular 392 days ago

Last week, the euro gained further momentum with the Feds pledging to keep rates low and taking a dovish stance to support the economy, sending the dollar to its lowest in three years as gauged by the dollar index. The Feds call the rise in inflation ... read more
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JPY Gaining from Illiquid Markets

posted by Avatar stephenie 397 days ago in EUR, JPY made popular 397 days ago

Growing concerns regarding Japan have driven the JPY lower recently amid deteriorating fundamentals out of the island economy. But those weakening fundamentals are being offset by debt concerns out of Europe as the European Monetary Union (EMU) ... read more
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PBoC advisor expects another interest rate or RRR hike

posted by Avatar stephenie 397 days ago in NZD made popular 397 days ago

ANZ economists think that the RBNZ may start to raise interest rates as early as December; Sees rising inflation undercurrent than being acknowledged by the central bank. Report notes the majority of analysts are not expecting a rate hike before late ... read more
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Pound Declines Versus Euro Before Release of Retail Sales, Deficit Data

posted by Avatar stephenie 402 days ago in EUR, GBP

By Lucy Meakin - Thu Apr 21 07:22:24 GMT 2011 The pound declined against the euro before data forecast to show the UK deficit widened for a second month and retail sales fell, damping prospects for tighter monetary policy. ... read more
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Euro rallies to 15-month high vs dollar

posted by Avatar stephenie 402 days ago in all

Traders said stop-losses were hit on the break of $1.0610 and $1.0650. The Canadian dollar CAD=D4 rose to its highest in over three years against its US counterpart, buoyed by above-forecast Canadian inflation on Tuesday and rising commodity prices. read more
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Strong loonie may not be enough to hold off interest rate hike

posted by Avatar stephenie 403 days ago in CAD

By James Langton A strong dollar may not be enough to keep the Bank of Canada from hiking interest rates for much longer, says independent research frim BCA Research. While the BoC has made it clear that it expects a rising Canadian dollar will act as ... read more