Forex News

 Ilan Solot, EM Strategist at Brown Brothers Harriman believes that USD/BRL may be positioned to test the March 2009 high around 2.45. He begins by noting that Brazil May trade data will be reported Monday, with exports expected at -5% y/y and imports basically flat. He adds that external accounts have been worsening recently, not

Research teams at Merrill Lynch said that the unemployment rate rose to a seasonally adjusted 5.1% in April, continuing the increasing trend that dates to July 2012. We view the increase as temporary and part of the soft patch in the economy in 1H. They expect unemployment to decline in thesecond half, but it will

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 tepidness ahead of more widespread decisions. Briefing the indices and composites, the EURO STOXX 50 fell -0.71%

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 21‐day MA or the 50‐day MA. All studies are still in sell territory, accordingly

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, EUR/USD is recording the second weekly gains in a

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 27.3% over the last twelve months. The more relevant CAPEX contracted 4.7% during the

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 supply grew 3.2% in April, compared with the 2.6% rise

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 bellwether for the health of the global economy. He estimates that on a 3-month moving-average basis,