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Euro Heads Towards Best Week Since September

posted by papsmir 708 days ago in EUR made popular 708 days ago

The euro headed towards its strongest weekly advance against the dollar since September, basking in the after-glow of a move to stress-test European bank balance sheets.

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New Highs for Gold - $1,260

posted by ForexPlaybook 708 days ago in Technical, Fundamental, Gold made popular 708 days ago

Gold prices continue to surge in trading today, as the precious metal touches a new all-time nominal high.

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Loonie turns higher as oil prices rebound

posted by hinata 708 days ago in CAD, Oil made popular 708 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.

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Gold Hits Record High on Safe-Haven Demand

posted by jerome 708 days ago in USD, Gold made popular 708 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.

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Crude retreats as US jobless claims

posted by jasumine 708 days ago in USD, Oil, Employment made popular 708 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.

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Australia Dollar Weakness?

posted by papsmir 709 days ago in AUD

I have been following the Australian Dollar (Aussie as its nickname goes) for over 2 months now. I have been doing quite a lot of macro economic research on what impacted on the price rise in the past and what might impact the price of this curre

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Gold hits record high US$1,248

posted by hachibi 709 days ago in USD, Gold made popular 709 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.

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US jobless claims rise

posted by hachibi 709 days ago in USD, Employment made popular 709 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.

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Oil prices drop

posted by jirachi 709 days ago in USD, Oil made popular 709 days ago

Oil prices dropped below $US77 a barrel as investors lost confidence in a three-week rally amid signs of weak crude demand in the US, the world's biggest energy consumer, and a modest, uneven economic recovery.

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US jobless claims rise, inflation down

posted by shadowf 709 days ago in USD, Inflation, Employment made popular 709 days ago

New 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.

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US Economy's Half Speed Outlook

posted by ezir 709 days ago in USD made popular 709 days ago

The US Federal Reserve meets next week for two days and already there's a very confident expectation that there will be no change in interest rates or in its current indefinite timeline for leaving rates where they now are.

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USD/CHF Orders

posted by morgan 709 days ago in USD, CHF made popular 709 days ago

Just in case the market dips some more during this session, I’m told there are some decent buy orders around 1.1050. It doesn’t look like there’s much in the way of decent technical support for this pair until 1.0925 (61.8% and 100-day MA).

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