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EUR Can’t Hold Gains; Support Near 1.2360

posted by Avatar hachibi 603 days ago in USD, EUR made popular 602 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. read more
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Loonie turns higher as oil prices rebound

posted by Avatar hinata 603 days ago in CAD, Oil made popular 603 days ago

The Canadian dollar edged higher on Friday as oil prices turned positive and stronger-than-forecast Canadian economic data and moderate gains on equity markets provided support. read more
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Gold Hits Record High on Safe-Haven Demand

posted by Avatar jerome 603 days ago in USD, Gold made popular 603 days ago

Gold rallied to a record high near $1,260 an ounce on Friday as momentum triggered by buying of the metal as a haven from sovereign and financial risk pushed prices through technical resistance to near their previous peak. read more
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Crude retreats as US jobless claims

posted by Avatar jasumine 603 days ago in USD, Oil, Employment made popular 603 days ago

Yesterday’s manufacturing and employment updates from the US have put pressure on stock markets on both sides of the Atlantic and sent oil prices south. read more
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Swiss Franc ETF Set to Soar

posted by Avatar Binsonu 603 days ago in USD, CHF made popular 603 days ago

The fiscal woes of the eurozone have been well chronicled in recent weeks, with each crisis of confidence sending the common currency to new lows against the U.S. dollar. read more
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Gold hits record high US$1,248

posted by Avatar 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. read more
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US jobless claims rise

posted by Avatar 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. read more
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European Market Update – 6/17/10

posted by Avatar topequitynews 603 days ago in Technical, Daily made popular 603 days ago

Equities: European equities opened the session mostly lower, following yesterday’s mixed session in the US and lower close in China. However, as of 5:40 EST, equities have moved higher on sharp gains in shares of BP and initial relief following S read more
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US Market Update – 6/17/10

posted by Avatar topequitynews 603 days ago in Technical, Daily made popular 603 days ago

Positive investor sentiment is waning in the wake of sour US economic data. Both initial and continuing weekly jobless claims rose over last week’s figures (which were revised higher), creating even more doubt over the US employment picture, whil read more
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Dollar’s Strength Subdued by Bad Macroeconomic Data

posted by Avatar commodityblog 603 days ago in USD, EUR, Fundamental made popular 603 days ago

The U.S. dollar went down today after the set of the macroeconomic reports was released, which showed some rather unwelcome data, signaling that the U.S. economy expand at slower pace. read more
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Video: Euro Surges Forward Yet Again, US Data Dents Risk

posted by Avatar FXTimes 603 days ago in Fundamental, Employment, Manufacturing made popular 603 days ago

With Spain’s auction of long term bonds going well and a proposal for bank stress tests to be made public, the Euro took another step forward, as the worries over sovereign debt calmed some more. The pair moved above 1.24 for a short time. Some w read more
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USD Forecast to Lose Further Against Euro on Forex Sentiment

posted by Avatar DailyFX 604 days ago in USD, EUR, Sentiment made popular 603 days ago

A considerable pullback in the US Dollar has been met with aggressive forex trading crowd buying, giving contrarian signal to stay short the US Dollar against the Euro, British Pound, and Canadian Dollar

Read more: DailyFX - US Dollar Forecast read more