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2013-05-23 06:27 GMT The Aussie dollar continues its relentless march south on Thursday, threatening to breach the key support at 0.9600. The flash manufacturing PMI gauged by HSBC in the Chinese economy contracted below the key 50 threshold in May. The print disappointed investors, coming in at 49.6 vs. 50.5 expected and 50.4 in the […]
AUD/USD extends its downside, around 0.9610 Read More »
As market participants continue to debate whether the RBA will decide to act with another interest rate cut at the next meeting, some analysts point to the recently released Westpac Consumer Confidence numbers as a sign that consumer sentiment hasn’t reacted as positively to the last rate cut as the RBA may have hoped. According
Flash: We still think an RBA cut in June remains unlikely – NAB Read More »
The shared currency is prolonging its correction lower fro overnight highs around 1.2940 on Wednesday, retracing ground to the current area of 1.2910/15. Next on tap in the euro area will be the Current Account figures during March. Consensus expects the surplus to ease to €15.0 billion from €16.3 billion in the previous month. The
Forex: EUR/USD around 1.2910 ahead of EMU data Read More »
On an annual basis the German PPI increased 0.1% in April, down from the 0.4% growth in March, according to data released today by Destatis. Analysts pointed to a 0.2% rise. On a monthly basis PPI fell 0.2% in April, after dropping 0.2% in March and slightly below expectations of -0.1%. – FXstreet.com (Barcelona).
Germany: Annual Producer Price Index grows 0.1% in March Read More »
The bloc currency is now picking up pace towards the key resistance at 1.2900 on Tuesday, after Producer Prices in Germany rose less than expected during the month of April. Disinflation continues to hover over the euro area, as Producer Prices in the German economy increased 0.1% over the last twelve months, missing forecasts at
EUR/USD eyes 1.2900 after German PPI Read More »
The USD/CAD has continued its sideways path during European trading Monday, having spanned a modest 27-pip range thus far (1.0271 -1.0298). According to the ICN.com technical analyst team, “The USD/CAD moved to the upside sharply last week and is getting closer to key resistance level of the ascending channel around 1.0339. However, breaching 1.0339 might
USD/CAD sideways trading at 1.0276/82 Read More »
Sudden buying interest is now lifting the shared currency to session highs in the vicinity of 1.2870 on Monday, ahead of second-tier data from Italian industrial sector due later. “The prolonged period of recession in the euro-zone and building disinflationary pressures will keep pressure upon the ECB to ease monetary policy further weighing modestly upon
EUR/USD climbs to highs around 1.2870 Read More »
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 system combined with the aggressive nature of BoJ policy is
Flash: A cocktail supporting USD/JPY gains during the 6 to 12 mth horizon Read More »
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 stock gains with the Dow and S&P in record
Wall Street rallies on upbeat economic data Read More »
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 declined around 3.35% on the day. The Dow Jones advanced 60.44 points or
Wall Street closes at new record highs Read More »
