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Australia's Weak Sentiment, Wage Growth Spur Rate Bets: Economy

posted by Avatar ritch 11 days ago in AUD

Governor Glenn Stevens cut the benchmark by half a percentage point this month after quarter-point reductions in November and December as the economy struggled to gain traction, inflation slowed, house prices fell and consumers saved more. read more
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US corn near 14-month low on supply outlook, soy falls

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

Soybeans eased 0.8 percent as investors booked profits after the market climbed in the previous session as the US Department of Agriculture estimated record-large exports next season, shrinking the US stocks to lowest in four years. read more
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The JPY gained to 79.61 per USD

posted by Avatar ritch 17 days ago in USD, JPY made popular 16 days ago

After Japan released trade data for March, showing a current-account surplus of 1.59 trillion yen, the JPY gained to 79.61 per USD. Economists' expectations saw a surplus of 1.43 trillion yen in advance. The EUR traded little changed at USD1.2939 after ... read more
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GBP/USD Adjusts After Yesterday's Ascent

posted by Avatar ritch 19 days ago in USD, EUR, CAD, AUD

On Monday Pound/Dollar increased with 95 pips. The Cable appreciated from 1.6104 to 1.6199 yesterday, in line with the positive Interbank sentiment at almost +17%, closing the day at 1.6187. Today the British Pound is adjusting strongly downwards, ... read more
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Romanian currency RON fall close to 1 percent against the Euro

posted by Avatar ritch 19 days ago in EUR made popular 19 days ago

If the exchange rate returns below 4.4 RON/EUR, the depreciation in May will be of a maximum of 0.5 percent against April, he said. Patrulescu of Bancpost expects consumer prices to remain within the NBR target interval of 3 percent 1pp, ... read more
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Canadian Dollar Climbs Against Major Peers on North America View

posted by Avatar ritch 23 days ago in CAD made popular 23 days ago

Canada's dollar appreciated against all of its major counterparts, rising along with the US dollar and the Mexican peso, on speculation North America economic growth will outpace other developed countries. The Canadian currency rose to the highest ... read more
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USD/CHF Testing Support Trendline

posted by Avatar ritch 30 days ago in USD, EUR, CAD, AUD made popular 30 days ago

By Fan Yang Looking at the daily USD/CHF chart, connecting the 10/27/2011 low of 0.8562 with the 4/2/2012 low of 0.9001 is a rising trendline that represents support. The market is directionless as it has been trading in a sideways pattern marked by ... read more
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WA announces AUD 82000 in funding for ASI to support local steel

posted by Avatar ritch 35 days ago in AUD made popular 35 days ago

The West Australian state government has announced AUD 82000 in funding for the Australian Steel Institute to support efforts by local steel fabricators to win supply contracts on WA resource projects. Commerce minister Mr Simon O'Brien said that the ... read more
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NZD/USD weekly outlook: April 16 - 20

posted by Avatar ritch 41 days ago in NZD made popular 41 days ago

NZD/USD hit 0.8317 on Friday, the pair's highest since February 3; the pair subsequently consolidated at 0.8227 by close of trade on Friday, still up 0.63% on the week. The pair is likely to find support at 0.8119, the low of April 10 and resistance at ... read more
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Flash: EUR/USD to hold bid tone in week ahead, baring no US data ...

posted by Avatar ritch 57 days ago in USD, EUR made popular 57 days ago

The risk that the Fed might begin printing money again, thereby possibly fuelling inflation, remains the most worrying factor for USD. As a result only positive data surprises will be able to support the USD [in the week ahead]. read more
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Pyry assists Tembec's cellulose manufacturing facility in Canada to reduce ...

posted by Avatar ritch 61 days ago in CAD made popular 61 days ago

PYRY PLC Press release 26 March 2012 Pyry's Energy business group has been awarded the detail engineering and procurement assistance support contract for a 190 million CAD capital investment (Phase 1) to upgrade the specialty cellulose manufacturing ... read more
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EUR/JPY rises on Greece bailout acceptance vote

posted by Avatar ritch 67 days ago in EUR made popular 67 days ago

By Forexpros | Forex News | Mar 21, 2012 03:01AM GMT Forexpros - The euro rose against the yen on Wednesday, as investors snapped up the European currency in wake of the Greek parliament's approval to accept bailout funds and the austerity terms that ... read more