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Euro zone Dec loan rates rise despite ECB rate cut

posted by Avatar fxcashmonster 9 days ago in all made popular 9 days ago

Euro zone household mortgage rates as well as rates on corporate loans rose in December despite the European Central Bank's cut in official rates, ECB data showed on Thursday. The central bank cut interest rates for the ... read more
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Japan finmin prods BOJ on QE as yen in danger zone

posted by Avatar fxcashmonster 9 days ago in all made popular 9 days ago

The economics minister also called on the central bank to ensure that real interest rates remain low as the US Federal Reserve's commitment to keep its nominal benchmark rate near zero for nearly three more years pushes the dollar lower against the yen ... read more
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Europe Factors-Shares set to dip; EU summit eyed

posted by Avatar fxcashmonster 12 days ago in all made popular 12 days ago

The euro zone's blue chip Euro STOXX 50 index has surged nearly 12 percent over the past six weeks, boosted by rising hopes the worst of the euro zone crisis could be behind. At a summit on Monday, EU leaders will sign off on a permanent rescue fund ... read more
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EUR/JPY, USD/JPY Flows: PM Noda in Davos: To Continue Investing In EFSF Bonds

posted by Avatar fxcashmonster 12 days ago in EUR made popular 12 days ago

PM Noda, speaking by video link said " "Japan ardently wishes for the stabilization of the economy and finance in the European Union." Japan stands ready to help resolve the crisis as soon as possible. Japan has already helped by investing in EFSF ... read more
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US Fed Reserve interest rate news sees gold hit 7-Week high

posted by Avatar fxcashmonster 14 days ago in USD made popular 14 days ago

The US Federal Reserve's announcement to keep interest rates as low as possible until at least 2014, one year later than previously promised, prompted investors to buy gold. INVESTMENT DEMAND to buy gold continued to push wholesale prices higher ... read more
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U.S. Dollar Index Holds Trendline Support, Aussie Overbought

posted by Avatar fxcashmonster 16 days ago in AUD, Economic Indicators

However, as the economic docket is expected to show the US expanding at a faster pace during the last three-months of 2011, the advanced 4Q GDP report could prop up the dollar, and the reserve currency should regain its footing over the near-term as ... read more
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Dollar Drops to Five-Week Low Versus Euro on Fed; Real Rises

posted by Avatar fxcashmonster 16 days ago in USD, EUR made popular 16 days ago

The Canadian dollar strengthened to parity with the greenback for the first time since November. Brazil's real was the best performer against the dollar after the unemployment rate fell to a record low. The Fed's statement reinforced trends that were ... read more
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Euro Gains for First Time in Seven Weeks as Debt Concern Falls

posted by Avatar fxcashmonster 21 days ago in USD, EUR made popular 21 days ago

The Federal Reserve is projected to keep its benchmark interest rate target unchanged at a policy meeting next week. The development with European borrowing costs, how they continued their descent, that took some pressure off the single currency, ... read more
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Euro tests upside as short-covering continues

posted by Avatar fxcashmonster 23 days ago in USD, EUR, JPY, CAD, AUD, NZD made popular 23 days ago

The euro pushed higher in Asia on Thursday after ... read more
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Gold and Silver Prices Find Their Footing

posted by Avatar fxcashmonster 26 days ago in Commodities made popular 26 days ago

IT WOULD SEEM gold and silver have found their footing at the start of 2012, notes Gene Arensberg's GotGoldReport. Last week gold logged a $22.37 (1.4%) advance for a last trade of $1638.68 (USD Cash Market). Here at GotGoldReport we have adopted the ... read more
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Aussie and Kiwi rally in risk-off Asia

posted by Avatar fxcashmonster 32 days ago in CHF, AUD

AUD/USD has just risen to 1.0300 from an earlier low of 1.0226, having gained 0.62% so far on the day in a decidedly 'risk on' trading environment. NZD/USD is also gaining ground, having broken above resistance in the ... read more
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Australian Dollar Outlook - 09 January 2012

posted by Avatar fxcashmonster 34 days ago in EUR, AUD

We would normally expect the AUD to strengthen further on news like this but AUD has drifted lower as the negative sentiment form Europe weighed on markets as bond yields continued to rise and underlying economic data was negative. ... read more