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Jun 3, 13 •
3076 Views •
Forex News •
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Comments Off on European equities drop Monday
The European followed Asian indices downward Monday, as rumors still abound as to the inevitable decisions surrounding the US federal stimulus program. Without any meaningful drivers in today’s session, most stocks have traded with a slight manner of...
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Jun 2, 13 •
3397 Views •
Forex News •
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Comments Off on GBP/USD closing the week around 1.5175/80
2013-05-31 18:36 GMT The sterling is retaking the 1.5180 region at the end of the week, prolonging the correction higher after today’s lows in the boundaries of 1.5140. “All signals remain in sell territory, with spot failing to break above the...
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Jun 2, 13 •
3594 Views •
Forex News •
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Comments Off on EUR/USD records mild loss in May
2013-05-31 18:45 GMT Even though EUR/USD rallied toward a 3-week high of 1.3060 on Thursday, the euro failed to sustain momentum and is on track to close the week below the 1.3000 mark, although it has managed to hold onto positive ground. From a wider view,...
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May 30, 13 •
3792 Views •
Forex News •
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Comments Off on AUD/USD upside capped by 0.9700
2013-05-30 06:30 GMT The Aussie dollar is paring recent losses following its risk-associated peers, picking up pace to the area of 0.9685/90 although still unable to break above 0.9700. Data wise, Building Permits in Australia expanded 9.1% MoM in April and...
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May 29, 13 •
3581 Views •
Forex News •
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Comments Off on EMU: M3 Money Supply expands 3% in April
2013-05-29 08:18 GMT The Eurozone M3 Money Supply increased 3% in the three months to April, following a 3% rise in the three months to March, according to the ECB official data. Analysts expected slightly less growth of 2.9%. On an annual basis M3 Money...
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May 29, 13 •
3140 Views •
Forex News •
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Comments Off on Flash: Breaking down Asian exports by destination – Nomura
2013-05-29 08:28 GMT Nomura economist Rob Subbaraman notes that there has been a broad-based weakening, but intra-Asian exports are holding up best. He begins by commenting that exports from Asia, the world's manufacturing hub, are often regarded as a...
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May 28, 13 •
3148 Views •
Forex News •
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Comments Off on Flash: Record US Stock highs struggle with tapering expectations – DBS Group
DBS Group analysts note that in America, the record high stock market is struggling with expectations over the pace of the Fed’s asset purchases program. They begin by noting that in terms of the Fed’s dual mandate, those arguing for tapering...
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May 28, 13 •
3516 Views •
Forex News •
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Comments Off on Flash: EUR/GBP focus on the 0.8637 April peak – Commerzbank
Research team at Commerzbank said yesterday that there remains a focus on the 0.8637 April peak. They said that around this level the currency pair is likely to again lose upside momentum. Adding, should this not be the case and a daily chart close above...
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May 27, 13 •
3597 Views •
Forex News •
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Comments Off on USD/CAD remains in positive territory at 1.0317/18
The USD/CAD has oscillated in an extremely narrow 26-pip consolidation Monday (1.0307 – 1.0333) during a muted holiday session, presently operating at 1.0317/18. In these moments the pair is securing a modest advance of +0.13% above its opening during...
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May 26, 13 •
3620 Views •
Forex News •
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1 Comment
2013-05-24 18:30 GMT The shared currency is reverting a 2-week losing streak, gyrating around 1.2925/30 after hitting weekly highs in the boundaries of 1.3000 the figure. The euro managed quite well despite the Fed may slow down the pace of its monthly bond...
