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USD/CAD breaks 1.03, housing in focus

posted by Avatar Rex 1 day 16 hours ago in CAD made popular 1 day 15 hours ago

By Adam Button || May 25, 2012 at 17:38 GMT The touted barriers that were protecting 1.03 in USD/CAD gave way as liquidity thins out. Worries about the Canadian house price market ebbed on today's data from CREA that showed a 0.8% rise but the details ... read more
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The Dollar Oil Price Threat Will Hurry Gold's Role in the System

posted by Avatar Rex 3 days ago in USD, EUR, CAD, AUD, Commodities made popular 3 days ago

That 'vital interest' is not simply involving an attempt to prevent Iran from developing nuclear arms (remember the threat from Iraq's Weapons of Mass Destruction) but include the use of the USD as the sole currency in which oil is traded and priced. read more
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US soybean futures hit 6-wk low as funds sell long positions

posted by Avatar Rex 13 days ago in USD, EUR, AUD

"There has been a lot of talk about funds being very long on beans, and this is more liquidation after the US Department of Agriculture report last week," said Brett Cooper, senior manager, markets at FC Stone Australia. Soybeans climbed nearly 2 ... read more
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EUR/USD Weekly Fundamental Analysis May 14-18, 2012, Forecast

posted by Avatar Rex 13 days ago in EUR made popular 13 days ago

Introduction: Out of the major currency pairs the most popular and easy to trade currency pair is the EUR/USD. It has become so popular with traders these days that even when there is no visible trade to be had it is yet traded as a matter of habit. read more
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U.K. March Mortgage Approvals Increase Unexpectedly: BoE

posted by Avatar Rex 24 days ago in USD, GBP, CAD

Within total lending, lending secured on dwellings rose GBP 1 billion after increasing GBP 1.1 billion in the prior month. Consumer credit increased GBP 0.4 billion or 0.2 percent from the prior month. The twelve-month growth rate was unchanged at 2.1 ... read more
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RBA delivers a 50bp cut, more than the majority had expected

posted by Avatar Rex 26 days ago in EUR, AUD

Inflation had moderated leaving room for the more accommodative stance. On the external situation, it recognized that the European situation remained very difficult while the US continued to grow at a moderate pace. The slower China growth was as ... read more
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Investment agency draws 24 firms, EUR 920 million

posted by Avatar Rex 42 days ago in EUR

With the help of the Hungarian Investment and Trade Agency (HITA) 24 foreign investors decided to spend more than EUR 920 million on development in Hungary in 2011, creating about 5700 jobs, the agency says. It also assisted 1857 Hungarian SMEs in ... read more
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Major currencies compensate its losses during the Asian session

posted by Avatar Rex 46 days ago in USD, EUR, JPY, CAD, AUD made popular 46 days ago

USD/JPY pair inclined today to record a high of 80.92 and low of 80.65 and currently at 80.85, after releasing Japan's Machine orders that unexpectedly inclined. AUD/USD pair inclined noticeably today to compensate more than 50% of its losses yesterday ... read more
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EUR/JPY, USD/JPY Flows: Fed Bernanke: US economy far from fully recovered

posted by Avatar Rex 47 days ago in EUR, AUD made popular 47 days ago

AUD/USD back up at 1.0283-85, off post China CPI lows of 1.0257. AUD/USD eye test of 3-month lows 1.0243, and then 1.0200. Speculation of option barriers at 1.0200, and huge stoploss below. Break of 1.0200 to open door for test of Parity again. read more
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EUR/USD paring gains after French trade deficit

posted by Avatar Rex 50 days ago in EUR

The shared currency is in the verge of the negative territory after the French trade deficit has widened in February to 6.4 billion, down from 5.6 billion in the previous month. In the same tone, the Government Budget ... read more
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Positive US Data Helps Greenback Extend Gains

posted by Avatar Rex 51 days ago in USD, AUD made popular 51 days ago

The US dollar saw significant gains against virtually all of its main currency rivals yesterday, as positive US fundamental data helped boost confidence in the US economy. The AUD/USD dropped to an 11-week low, while the EUR/USD has fallen close to 200 ... read more
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Dollar slightly lower during the Asian session

posted by Avatar Rex 52 days ago in JPY made popular 52 days ago

The dollar surrendered some of the strong gains this morning in Asia against its major rivals after the significant gains recorded for the federal currency during the last two days after the FOMC minutes. The Japanese yen inclined against dollar to ... read more