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AUD/USD Weekly Fundamental Analysis May 21-25, 2012, Forecast

posted by Avatar kimclaud 7 days ago in AUD

There was little in the way of supportive eco data although Australia did see a rise in consumer sentiment as well as a high wage price index. The extended worries from China, was a negative for the currency but overall it was the eurozone weighing ...  read more
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Seoul shares seen down for 6th-straight day on Greece woes

posted by Avatar kimclaud 11 days ago in EUR made popular 11 days ago

Investors may find some solace after Germany posted stronger-than-expected growth in the first quarter while underlying strength in demand and a rebound in manufacturing activity in New York State calmed concerns that the US economy was stalling.  read more
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PLEXUS HOLDINGS PLC : - GBP 1.3M BG Group Contract

posted by Avatar kimclaud 22 days ago in USD made popular 22 days ago

Plexus Holdings PLC, the AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP friction-grip method of wellhead engineering, announces a new order worth 1.3 million from BG International Ltd ('BG International'), ...  read more
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Gold rising on speculation central banks will add stimulus

posted by Avatar kimclaud 25 days ago in Commodities

New York: Gold on Tuesday climbed on speculation that central banks will add more stimulus to spur the economy. Gold rose 0.1 percent to USD 1665.50 an ounce after reaching USD 1668.90, the highest since April 13. Silver was little changed at USD 31.01 ...  read more
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GBP/JPY below 130.00 near 7-day lows

posted by Avatar kimclaud 26 days ago in JPY, GBP

GBP/JPY is currently trading at 129.63, near yesterday's and last 7 day lows at 129.36, and falling from yesterday's highs around 130.82. The cross is lower by -0.77% from previous weekly close past Friday, near yesterday's ...  read more
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AUD/USD back to highs

posted by Avatar kimclaud 30 days ago in EUR, AUD made popular 30 days ago

The AUD/USD peaked at 1.0393 in the European morning, but poor results in the Eurozone confidence survey triggered a risk-off plunge against the greenback, sending the AUD/USD back to the opening price. Germany's inflation ...  read more
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German Stocks Rise For Second Day

posted by Avatar kimclaud 31 days ago in EUR

Separately, European Central Bank President Mario Draghi said that the ECB expects banks to use its liquidity injection of EUR 520 billion to refinance the real economy. "We trust that they will use it to refinance the real economy because that is the ...  read more
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Painful Greek austerity bit into 2011 budget gap

posted by Avatar kimclaud 33 days ago in all made popular 33 days ago

Greece's economy is in its fifth year of recession and could contract by more than 4.8 percent this year. Unemployment is also a record high, hitting tax receipts and requiring more spending on jobless benefits. "According to provisional data, ...  read more
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Is There Major Buying In The EUR/USD Around The 1.30 Area?

posted by Avatar kimclaud 36 days ago in EUR

To meet the debt service on the existing stock, the real interest rate needs to be negative. The ECB has to expand money supply to stabilize the region's debt market, which causes inflation and a negative real interest rate. Investors in the region's ...  read more
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Canadian dollar advances, commodities dip amid slower Chinese growth

posted by Avatar kimclaud 43 days ago in CAD made popular 43 days ago

TORONTO - The Canadian dollar was slightly higher Friday even as weaker than expected Chinese growth pushed commodity prices lower. The currency gained 0.06 of a cent to 100.61 cents US as growth in the world's second-biggest economy declined to 8.1 ...  read more
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URB Group to invest USD 18 mln in Barlad bearings plant through to 2015

posted by Avatar kimclaud 50 days ago in USD

URB has bearings plants in Romania, Turkey and Hungary, but the group plans to open a new manufacturing facility in India, following a USD 14 million investment, according to Ismail Hakki Tuyun, financial director of URB Group.  read more
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Salmones Magallanes to invest USD 25 million in modern fish farm

posted by Avatar kimclaud 93 days ago in USD made popular 93 days ago

According to Oscar Garay, Farming Manager of Salmones Magallanes, the new project "goes far beyond direct employment for people who work in fish farming because through it the company will be consolidated in the area, allowing slow but steady growth.  read more