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May 19, 13 •
2175 Views •
Forex News •
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Comments Off on Flash: A cocktail supporting USD/JPY gains during the 6 to 12 mth horizon
After rising 600 pips in May from 97.00 in May 1st, the USD/JPY is now trading above the 103.00 level and according to the Rabobank analyst team, the perspective is positive in the long term. "At present the increase in risk appetite in the financial...
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May 19, 13 •
2187 Views •
Forex News •
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Comments Off on Wall Street rallies on upbeat economic data
New highs to end the week in the US stocks market as investor's confidence was fueled by a better than expected economic data. Impressive rally in Wall Street as stocks extended rally late in day after a good opening. This is the fourth straight week of...
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May 16, 13 •
2296 Views •
Forex News •
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Comments Off on Wall Street closes at new record highs
Another day and another record high in the US stocks market as investors continues with its bullish sentiment as market took worse than expected economic data as the hope for ongoing central bank stimulus. Google's share jumped above the $900 but Apple...
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May 16, 13 •
2068 Views •
Forex News •
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Comments Off on Forex Flash: US CPI to fall 0.3% MoM and to slow to 1.2% YoY in April – RBS
The US Bureau of Labor Statistics is scheduled to publish the April consumer price index on Thursday April 16 at 12:30 GMT (8:30 EST). Market expects a 0.2% monthly decline and a slowdown to 1.5% YoY on April. However, RBS' analyst team sees a deeper...
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May 15, 13 •
2229 Views •
Forex News •
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Comments Off on Forex: AUD/USD in lows around 0.9875/80
The Aussie dollar is prolonging the weekly downside on Wednesday, falling from the boundaries of the parity level on Monday to the current region of 0.9870/75, levels last seen in mid June 2012. After yesterday’s figures of the Federal Budget in...
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May 9, 13 •
3372 Views •
Forex News •
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Comments Off on Forex Flash: BoK cuts rate by 25 bps to 2.50% – Nomura
Nomura economist Young Sun Kwon notes that the Bank of Korea (BOK) has unexpectedly cut its policy rates by 25bp to 2.50%. He had previously assigned a 45% likelihood to the BOK being forced to cut rates as political pressure for such a move was building on...
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May 6, 13 •
2458 Views •
Forex News •
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Comments Off on Forex: EUR/USD toying with 1.3100
The shared currency briefly pierced the key support at 1.3100 on Monday, after mixed signals from the Spanish economy. In fact, the services sector of the Mediterranean country extended its negative momentum in April, falling to 44.4 from 45.3 in the previous...
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May 5, 13 •
2555 Views •
Forex News •
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Comments Off on Forex: EUR/USD treading water around 1.3100
The single currency is closing the week in the positive ground for the first time after two consecutive weeks in red, consolidating around the key level at 1.3100 after the US economy created 165K jobs during April, exceeding expectations and previous print....
