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Daily Summary on USD, EUR, GBP, JPY, AUD, CAD and NZD
Greek authorities signed off on stringent austerity measures that have already incited riots in Athens and public outcry as the measures will cut into the welfare state and weigh heavily on the already struggling economy. However, EU officials signaled ...
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Euro Fails to Extend Gains Before EU Leaders Gather in Brussels on Crisis
Even with a resolution, the bottom line is that there's going to be tough medicine having to be swallowed by Europe, said Gavin Stacey, chief interest-rate strategist at Barclays Capital in Sydney. There is a greater risk of a pullback in euro ...
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Nissan Builds New $2.0 Billion Manufacturing Complex in Mexico
Nissan has announced plans to build another manufacturing complex in Aguascalientes, Mexico, to expand North American production. An investment worth $2.0 billion USD, the new facility will be joining two other Mexican Nissan factories already in place ...
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CHF/JPY buying noted in early Tokyo trade
By Sean Lee || January 10, 2012 at 00:25 GMT Some talk of decent interest to sell the Yen across the board at the Tokyo Fix, which happens in about 30 minutes. The usual scenario on big fixing days, is that the banks buy USD/JPY, EUR/JPY, CHF/JPY etc ...
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AUD/USD Weekly Outlook: January 9 13
Also next week, the US is to publish official data on retail sales and consumer sentiment. Ahead of the coming week, Forex Pros has compiled a list of these and other significant events likely to affect the markets. Australia is to release industry ...
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Gold (XAU/USD): Entry 06:00 EST - Sell Signal
For each trade I have a 5 Dollar Stop Loss and a 5 Dollar Take Profit. That means that my strategy is profitable if more than 50 percent of my trades will win. On my account I risk for each trade LESS THAN ONE PERCENT. That means I need to have at ...
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Euro drops after French bond auction
The euro fell to $1.2836 against the dollar and was also lower against the UK pound and Japanese yen. France paid an interest rate of 3.29% to borrow for 10 years, up from 3.18% at the last sale in December. Many investors fear that France is poised to ...
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Gold, Silver Climb on New Year Craving for Riskier Assets like Commodities
Gold might fell below 1500 USD during the Q-1 of 2012 and there is no possibility to assess its record high hit, last September, until late 2012, according to a poll. Spot gold climbed 1.5% to 1589.65 USD per ounce and eased a little to 1588.29 USD at ...
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Dollar mixed to higher as market sentiment wanes
The greenback was moderately lower against its Canadian but higher against its Australian and New Zealand cousins, with USD/CAD declining 0.16% to hit 1.0228, AUD/USD sliding 0.25% to hit 1.0067 and NZD/USD falling 0.28% to hit 0.7667. The dollar index ...
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GBP/USD Abiding by the Technicals...
Initially, Sterling traded higher against most of the majors as the release of the BoE's MPC minutes showed a unanimous 9-0 vote on both the 275B asset purchase target and 0.50% interest rate, however some BoE members said the economic outlook ...
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Dollar Falls on Reduced Haven Demand, Decoupling From Europe
France's GDP rose 0.3 percent from the second quarter, when it fell 0.1 percent, French statistics institute Insee in Paris said yesterday. It had previously reported a gain of 0.4 percent. The euro-area economy will probably fail to grow next year ...
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Positive Eurozone Report Softens Dollar
The US dollar is easing in the beginning of the week due to a more stable outlook in the Eurozone. The euro saw offers of $1.3150 and sterling pushed to $1.5630, while the Australian dollar sought parity. The yen started the week underperforming ...


