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Uncertainty continues, driving the USD higher - NBK report

posted by Avatar olivia 6 days ago in USD

On the other hand, according to the last minutes of the FOMC meeting, the Federal Reserve officials were not confident to upgrade their assessment of the economy as several members said more easing could be needed if momentum slows. read more
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USD/CHF weekly outlook: May 21 - 25

posted by Avatar olivia 7 days ago in CHF made popular 6 days ago

USD/CHF hit 0.9499 on Friday, the pair's highest since January 17; the pair subsequently consolidated at 0.9394 by close of trade, up 0.92% on the week. The pair is likely to find support at 0.9306, Monday's low and resistance at 0.9499, Friday's high ... read more
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Oil And USD: Positive Relationship In The Long Run?

posted by Avatar olivia 11 days ago in USD, Commodities

The latest publication of trade data recommends a prudent and patient stance, although Natixis remains bullish on the USD in the medium term. Among the factors behind such optimism is the oil/natural gas related structural changes that the US economy ... read more
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Aussie Sold Aggressively Post Shocking RBA Rate Decision; Euro Still Bid

posted by Avatar olivia 25 days ago in EUR, AUD

In the accompanying statement, the RBA cited softer economic conditions, housing woes, and a moderation in inflation. We believe that this is a very important decision which will have a wider influence on the market over the coming weeks. read more
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EUR/USD unwinds back to around European opening levels

posted by Avatar olivia 25 days ago in EUR, CHF made popular 25 days ago

By Pete Jackson || May 1, 2012 at 09:41 GMT Wondering if my theory may have been right, about the major offers in the high 1.3270s, and notice USD/CHF is a tad perkier around 0.9060 from 0.9045 one month lows earlier. Can't see this going anywhere ... read more
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USD To Find Bid On Broader Fundamentals, AUD At Risk On RBA Policy

posted by Avatar olivia 26 days ago in USD, AUD made popular 26 days ago

Nevertheless, as the developments coming out of the US continue to point to high inflation, heightening price pressures certainly limit's the FOMC's scope to implement another round of quantitative easing, and we should see the central bank sound a bit ... read more
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Auckland Transport, Telecom, Westpac to trial Mobile Wallet

posted by Avatar olivia 27 days ago in NZD made popular 27 days ago

Westpac General Manager Customer Technology and Services, Jim Stabback, said the trial is a step toward Kiwis joining the growing global trend of banking via mobile phone. This is an important part of Westpac's innovation pipeline and it's an ... read more
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EUR/USD in mid-range ahead of US docket

posted by Avatar olivia 32 days ago in EUR, Economic Indicators made popular 32 days ago

The bloc currency is inching higher on Tuesday ahead of the US housing data, Richmond Fed Manufacturing index and Consumer Confidence index. Choppy session so far, as the cross was swinging along with the news from the debt ... read more
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Dealers expect AUD/USD to trade on broad range

posted by Avatar olivia 33 days ago in EUR, AUD made popular 33 days ago

ACBs and Eastern European Sovereigns have been noted buying dips in AUD/USD and this will slow down any aggressive sell-offs. Dealers expect to see plenty of intraday volatility over the next few days, broadly between 1.02/1.04, but major moves are ... read more
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High trade deficit dampens cheer over exports growth

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

However, the trade deficit widened to a record $185 billion, which in turn would widen the current account deficit (CAD). Exports saw a robust performance, primarily owing to the engineering, gems and jewellery, textiles, chemicals and pharmaceuticals ... read more
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Gold Holding Up

posted by Avatar olivia 43 days ago in Commodities made popular 43 days ago

by Michael Paulenoff of MPTrader.com Under the circumstances, spot gold is holding up very well amdist a stronger USD and declining equity and commodity markets. Yes, it is a risk-off day, but so far gold has preserved its dominant near-term support ... read more
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Daily Summary on USD, EUR, JPY, GBP, AUD, CAD and NZD

posted by Avatar olivia 45 days ago in USD, NZD

Moreover, Atlanta Fed President Dennis Lockhart told reporters this morning that while the weak NFP report last Friday was disappointing, it doesn't alter his view that the US economy is in fact growing. He went on to say that he would be reticent to ... read more