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AUD/USD tests 0.9900 support again

posted by Avatar edward 9 days ago in CHF, AUD made popular 9 days ago

The Aussie has retreated from 0.9950 against the US Dollar to test the 0.9900 level again. The pair has been moving in range between 0.9900 and 0.9960 during the whole today's session. Currently the AUD/USD is trading at ... read more
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Seoul shares set to weaken further on Europe jitters

posted by Avatar edward 17 days ago in EUR, JPY

-------------------MARKET SNAPSHOT @ 22:01 GMT------------------ INSTRUMENT LAST PCT CHG NET CHG S&P 500 1354.58 -0.67% -9.140 USD/JPY 79.63 -0.03% -0.020 10-YR US TSY YLD 1.826 -- 0.000 SPOT GOLD $1589.90 -0.03% -0.550 US CRUDE $96.45 -0.37% -0.360 ... read more
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EUR/USD Falling to a Support Cluster Following US Manufacturing Data for April

posted by Avatar edward 25 days ago in EUR, Economic Indicators made popular 25 days ago

By Fan Yang The US ISM Manufacturing PMI for April improved to 54.8 from 53.4, beating forecast of a slide to 53.0. The market showed risk appetite as we saw the S&P 500 popping up higher. Normally risk appetite pressures both the and the JPY. read more
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rebounds failing on USD/JPY

posted by Avatar edward 26 days ago in JPY, NZD made popular 26 days ago

raised concerns over failure within the context of potential longer term change in trend, but longer term towel throwing should avoided unless USD/JPY were to aggressively or substantially fall below 79.00. Trading foreign exchange on margin carries ... read more
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Japan's trade balance deficit pulls the Yen down for the third consecutive day

posted by Avatar edward 38 days ago in USD, EUR, JPY, CAD, AUD made popular 37 days ago

Japanese yen declined for the third day against dollar, where the pair USD/JPY traded near the highest in week at 81.53 with opening at 81.30 and low of 81.25. Meanwhile, Japanese economy recorded a deficit in its trade balance in March after recording ... read more
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Switzerland's titanic struggle

posted by Avatar edward 43 days ago in CHF

The most surprising thing about last week's crossing of the 1.20 line on EUR/CHF last week was that it took so long to happen. Even though the SNB has downplayed the significance of it, it's unlikely to be the last battle between the markets and the ... read more
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Employment Looking Up in the Land Down Under?

posted by Avatar edward 44 days ago in AUD, Economic Indicators

So will the impressive jobs report be enough to keep the Reserve Bank of Australia (RBA) from cutting interest rates? Remember that RBA Governor Glenn Stevens remarked last week that he may announce a rate cut in the bank's upcoming monetary policy ... read more
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AUD sliding lower again as AUD/NZD selling resumes

posted by Avatar edward 44 days ago in NZD made popular 44 days ago

By Sean Lee || April 13, 2012 at 02:55 GMT Dealers report some stops going off in AUD/NZD and that is pressuring the AUD lower. Good morning Sean, the NZD/USD fly arround 150pips yesterday on a rumor that the chinese GDP will be arround 9%, ... read more
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Oil falls on Iran talks, US jobs data

posted by Avatar edward 47 days ago in Commodities

Oil prices fell more than USD 1 on Monday after Iran agreed to resume talks over its nuclear programme, easing fears of a supply disruption in the Middle East. Prices were also under pressure on concerns about the pace of US economic recovery after ... read more
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Malta February Visible Trade Gap Narrows

posted by Avatar edward 48 days ago in Economic Indicators made popular 47 days ago

Malta's merchandise trade gap for February narrowed from a year ago, the National Statistics Office said Monday. The visible trade deficit fell to EUR 74.9 million from EUR 205.5 million in the same month last year. read more
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Canadian Dollar Advances against the US Dollar

posted by Avatar edward 50 days ago in CAD made popular 50 days ago

High-Risk Warning Forex, Futures, and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work against you as well as for you. You must be aware of the risks of investing in forex, futures, ... read more
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Euro holds thin consolidation, USD slightly higher

posted by Avatar edward 53 days ago in EUR made popular 53 days ago

Starting from the EUR/USD; we have seen a test of 1.3290-1.3270 support area yesterday before it rebounded again to trade within this tight range. Price is currently attempting to breach the descending support of the rising wedge pattern, ... read more