Forex News

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,

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 purchases are looking at better jobs data, while those looking at increasing purchases are

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 0.8637 be made, their medium term forecast will change from

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 European trading. Technically speaking, Mataf.net analysts resistive to supportive means for the USD/CAD at 1.0352, onto

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 buying and the rumours about the likeliness of another rate cut by

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