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Weekly Outlook February 13-17

posted by Avatar hanazawa 12 hours ago in Economic Indicators made popular 10 hours ago

Apart from Greek news, we have GDP in the euro-zone and Japan, employment figures in the UK and Australia, and the FOMC Meeting Minutes as the main events lined up this week. Here is an outlook on the major market-movers coming our way. read more
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Sharprock Resources Inc. Signs Agreement to Acquire High Grade, Multi-Million ...

posted by Avatar hanazawa 4 days ago in Commodities made popular 4 days ago

The license includes several mineral showings including the multi-million ounce, high grade open pit mineable Kekura Centre gold deposit (the "Kekura Centre Gold Deposit"). Based on a 0.9 gram per tonne ("g/t") gold cut-off grade, Indicated mineral ... read more
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Forget the euro woes; China is more important for us

posted by Avatar hanazawa 5 days ago in NZD

The reality of today's global economic environment is that exchange rates are relative prices, and relative to the rest of the world which has some economic problems and challenges, the NZ economic position and performance appears to outsiders to be ... read more
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GBP/USD down ahead of housing data

posted by Avatar hanazawa 5 days ago in USD made popular 5 days ago

The sterling is trading lower on Monday ahead of the Halifax House Prices index in January (+0.1% exp.) due later on. Negative prospects circling the Greek negotiations are weighting on the market participants, shifting their ... read more
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AUD/USD consolidates above 1.0700

posted by Avatar hanazawa 9 days ago in AUD made popular 8 days ago

At time of writing, AUD/USD is trading at the 1.0700/10 region, virtually unchanged since opening while US stock indexes remain nearly flat ahead of the US employment report scheduled for release Friday at 13:30GMT. In terms of technical levels, ... read more
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CIBC wins double whammy with slow-burn euro forecast

posted by Avatar hanazawa 12 days ago in JPY made popular 12 days ago

On December 16, 2011, with EUR/JPY trading at 101.45, the bank forecast the pair would fall to 99.33; on January 23, it was trading at 99.51, according to data from Thomson Reuters. The bank expects further depreciation in the euro against the yen ... read more
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Euro Breaks Higher as Greek Talks Progress

posted by Avatar hanazawa 15 days ago in USD, EUR made popular 15 days ago

EUR/USD set a fresh 2012 high, edging closer to the 1.3200 handle. This pair is certainly not driven purely on Euro optimism. The dollar has sold off across the board since Wednesday's Federal Reserve Rate Announcement. The Fed took a surprisingly ... read more
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USD/CHF hits fresh 1-month low

posted by Avatar hanazawa 19 days ago in CHF

You must be aware of the risks of investing in forex, futures, and options and be willing to accept them in order to trade in these markets. Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with ... read more
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Europe Banks' Dollar Funding Costs Held at Lowest in Five Months

posted by Avatar hanazawa 19 days ago in USD, EUR, JPY, CAD, AUD, NZD made popular 19 days ago

The three-month cross-currency basis swap, the rate banks pay to convert euro interest payments into dollars, was at 76 basis points below the euro interbank offered rate at 8:22 am in London, according to data compiled by Bloomberg. ... read more
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The Secret To What Really Drives Gold Prices

posted by Avatar hanazawa 27 days ago in Commodities made popular 27 days ago

... the USD and EUR. That concern can vary regardless of whether we're in a time of global expansion or contraction. A. Gold Can Rise Or Fall In Times Of Expansion Gold can rise due to fears of inflation from too much money chasing too few goods. ... read more
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ECB and BOE Rate Announcement Today

posted by Avatar hanazawa 30 days ago in EUR, Commentary made popular 30 days ago

Australian Dollar (AUD) the EUR/USD and GBP/USD sell off in Europe sent the Aussie to day lows but AUD/JPY buying and general support for the high yielder recently allowed the pair to finish unchanged. The mild risk aversion is not proving as dangerous ... read more
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Canadian dollar climbs with global stocks, commodities

posted by Avatar hanazawa 32 days ago in CAD

At 8:00 am, the Canadian currency was at C$1.0169 to the US dollar, or 98.34 US cents, up from Monday's North American session at C$1.0229 to the US dollar, or 97.76 US cents. The Canadian currency also garnered support from a stronger price of oil ... read more