FreshPips.com / User / hachibi / Submitted

EUR Can’t Hold Gains; Support Near 1.2360

posted by hachibi 603 days ago in USD, EUR made popular 603 days ago

EUR/USD’s rally after the news that Berlin was the one who did Spain dirty in spreading rumors of an impending aid request from Spain has faltered and prices have ebbed to the lower end of the tight NY range.

Discuss

Gold hits record high US$1,248

posted by hachibi 603 days ago in USD, Gold made popular 603 days ago

Gold for August delivery, the most active contract, added $18.20, or 1.5%, to settle at $1,248.70 an ounce on the Comex division of the New York Mercantile Exchange. That left the June 8 record close of $1,245.60 as a distant memory.

Discuss

US jobless claims rise

posted by hachibi 603 days ago in USD, Employment made popular 603 days ago

New US claims for jobless aid rose last week while consumer prices notched their largest decline in nearly 1-1/2 years in May, suggesting interest rates will remain ultra low to nurse the fragile economic recovery.

Discuss

Oil prices settle near $77 as stocks, euro rise

posted by hachibi 606 days ago in USD, EUR, Oil made popular 606 days ago

Crude prices rose on Tuesday as stock markets gained ground and investors awaited word on what BP would do about future dividends and the oil spill in the Gulf of Mexico.

Discuss

House price growth to slow

posted by hachibi 607 days ago in AUD, Inflation, Housing made popular 607 days ago

Rising interest rates and weaker first home buyer activity will lead to slower house price growth in 2010, a leading economic forecaster says.

Discuss

USD pares gains on construction spending surge

posted by hachibi 608 days ago in USD, Trade

USD traded at a 15 month high Tuesday supported by European debt worries and bank concern and in reaction to weak PMI data from China. There are rumors circulating that ratings agencies may downgrade France and Italy’s sovereign debt ratings.

Discuss

Manufacturing Output Posts Surprise Fall In Apr

posted by hachibi 610 days ago in GBP, Manufacturing made popular 610 days ago

Manufacturing output fell unexpectedly in April following strong growth in the previous two months, according to figures released by National Statistics Friday.

Discuss

EUR/USD: 1.21/1.25 Panda Option

posted by hachibi 619 days ago in USD, EUR made popular 619 days ago

China is managing a 1.21/1.25 no-touch in the EUR/USD which I’m sure has a few weeks still to run (trying for verification on dates). It’s said to be a biggie so get set for some jobbing inside this range for the short term.

Discuss

European economic confidence slips, inflation quickens

posted by hachibi 621 days ago in EUR, Inflation made popular 620 days ago

European confidence in the economic outlook unexpectedly worsened in May and inflation accelerated less than economists forecast as the euro region's debt crisis shook markets.

Discuss

USD Funding Costs Slip in Asia as Currency Markets Stabilize

posted by hachibi 621 days ago in USD, EUR, Trade made popular 621 days ago

The rate banks say they pay for three-month dollar loans fell in Asia for the first time in 13 days as concern about Europe’s debt crisis eased, helping arrest a flight to dollars by global funds.

Discuss

Euro slide stirs hope of boost in tourist numbers

posted by hachibi 622 days ago in EUR made popular 622 days ago

THE tourism sector has had a nightmare time so far this year. The fervent hope now is that the slumping euro will boost visitor numbers and salvage the summer season.

Discuss

Forex Weekly Trading Forecast – 05.31.10

posted by hachibi 623 days ago in USD, AUD, Weekly made popular 623 days ago

US Dollar Awaits the Return of Liquidity, NFPs and the G-20 Meeting Euro to Face Fears of Contagion as Fitch Cuts Spain’s Credit Rating Japanese Yen Tied to Risk Trends Ahead of US Jobs Report British Pound Could Falter On Weak Manufacturing Cana

Discuss