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Forex: EUR/GBP settles up near 0.8330 Thursday, September 2, 2010 @ 5:44AMFXstreet.com (Barcelona) - The EUR/GBP is up near 3-week highs, after breaking nearly 60 pips higher over the final hours of Asia and the beginning of Europe. The pair hit resistance at its daily maximum in 0.8340 before settling around 0.8330 where it remains in sideways trading.
Forex: USD/JPY downside contained at 84.00, remains in range Thursday, September 2, 2010 @ 5:43AMFXstreet.com (Barcelona) - Dollar recovery from yesterday's low at 83.65 was capped at 84.65 resistance area, and the pair pulled back on Asian trade, to find support at 84.00 low on European session. the pair remains sideways between 83.60/80 and 84.65/85 for the third consecutive day.
Forex: USD/CHF finds support at 1.0100 area Thursday, September 2, 2010 @ 5:28AMFXstreet.com (Barcelona) - Dollar recovery from fresh 9-month low at 1.0065 low reached yesterday, was capped at 1.0185 resistance area again, and the pair pulled bak on Asian session, accelerating lower after the release of better than expected Swiss GDP figures, reaching session low at 1.0100 where downtrend has stalled.
FOREX: Ringgit Closes Higher Against US Dollar Thursday, September 2, 2010 @ 5:10AMKUALA LUMPUR, Sept 2 (Bernama) -- The ringgit closed higher against the US dollar Thursday following a weaker greenback globally, dealers said. At 5pm, the ringgit strengthened against the greenback to 3.1260/1290 compared with 3.1290/1320 Wednesday.
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Forex: EUR/JPY testing resistance at 108.00 Thursday, September 2, 2010 @ 4:58AMFXstreet.com (Barcelona) - The Euro common currency has been pressured lower by a strong yen once again Thursday, with the pair consolidating above the 107.60 area for most of the Asian Pacific session.
Forex: GBP/USD, still bearish, targeting 1.5118 - Deltastock Thursday, September 2, 2010 @ 4:58AMFXstreet.com (Barcelona) - Pound's recovery from Tuesday's low at 1.5325 peaked on Wednesday at 1.5490 high, and the pair's retreat accelerated on Asian session extending to levels below 1.5400, to find support at 1.5375.
Currency trading jumps 20 per cent Thursday, September 2, 2010 @ 4:54AMGlobal currency trading has soared by more than a fifth over the past three years to $4 trillion a day. This was largely driven by a 48 per cent jump in turnover of spot transactions which rose to $1.5 trillion in April 2010, from $1 trillion in 2007.
FOREX-Euro supported by bond auctions; ECB eyed Thursday, September 2, 2010 @ 4:53AM* Euro recovers from lows, up 0.1 pct at $1.2826
Forex: EUR/CHF attempting to recover 1.3000 Thursday, September 2, 2010 @ 4:28AMFXstreet.com (Barcelona) - The EUR/CHF broke under the 1.3000 barrier in the final hours of the Asian Pacific, finding support finally around 1.2960. The pair has since traded horizontally within that range, however shows slight bullish tendencies at time of writing after the release of EU GDP and PPI figures.
Stay short EURUSD, Sell GBPUSD Rallies Tuesday, August 31, 2010 @ 8:41AMThe EURUSD's current test of resistance is putting my existing short position (from 1.2850) at risk. I remain bearish overall, but it is difficult to deny there is risk of further short-term strength. My stop on the existing position will remain above 1.2780 (as per my last update), and I will consider whether to re-enter at a new (higher) price if it is indeed taken out. Until then, I will let ...
Forex: USD/CHF, fresh 7-month low below 1.0175 Tuesday, August 31, 2010 @ 8:28AMFXstreet.com (Barcelona) - Dollar recovery attempt from 1.0220 support area tested on Friday, was capped at 1.0310 high on Monday, and with the Swiss Franc favoured by its safe haven stats amid generalized risk aversion, the pair has dropped 150 pips lower, breaking 1.0220 support to hit a fresh 7-month low at 1.0160.
Forex: EUR/USD breaks above 1.2700 Tuesday, August 31, 2010 @ 8:28AMFXstreet.com (Barcelona) - The most recent hour of trading has the EUR/USD rallying above 1.2700, and pushing resistance at 1.2730. The pair is already up more than 60 pips from its most recent bottom, and looks to extend further in the opening hours of the New York session.
Euro Finds Support on Potential for Hawkish Trichet Tuesday, August 31, 2010 @ 8:22AMLast week I was prudent to start taking profits on my short EUR/USD trade as a five day decline started left the pair oversold. My target of 1.2500 was never hit, but booking gains allowed the trade to ultimately end in profit. The pair is finding support after failing to break below the 50.0% Fibo of 1.1876-1.3336 at 1.2610. A break below the technical would justify a short position and is the ...
Forex: EUR/GBP breaks above "triangle pattern", hits 0.8260 high Tuesday, August 31, 2010 @ 7:58AMFXstreet.com (Barcelona) - The Euro is soaring against a weakening Pound, as the pair's bounce at 0.817'00 session high broke above the resistance line of a short term triangle pattern at 0.8220 to extend to a fresh 2-week high at 0.8260 so far.
Forex: GBP/USD decline extends to levels below 1.5400 Tuesday, August 31, 2010 @ 7:43AMFXstreet.com (Barcelona) - Euro recovery attempt witnessed on European session has been limited at 1.5455, and the pair has turned lower, breaking below 1.5400 support and extending its downleg from yesterday's high at 1.5570, to levels around 1.5360 so far.
Weak data trigger US recession fears Thursday, August 26, 2010 @ 4:01AMWASHINGTON, Aug 25, 2010 (AFP) - The odds of the US economy slipping back into recession have risen as new data point to a worsening housing slump and the manufacturing sector slowing markedly amid high unemployment and weak consumer spending.
Forex: EUR/USD eases from 1.2745, remains in range Thursday, August 26, 2010 @ 3:58AMFXstreet.com (Barcelona) - The Euro bounced on Wednesday at 1.2605 low and advanced during Asian session favoured by a slight pick up on risk appetite, to attempt to break above the last four days trading range top, at 1.2720/30, reaching 1.2745 high where the pair was capped before easing to levels around 1.2700 at the moment of writing.
World stocks rebound from lows, yen slips Thursday, August 26, 2010 @ 3:38AMWorld stocks bounced off seven-week lows and Japan's yen weakened on Thursday in another burst of the risk-on, risk-off trading that has dominated financial markets this year.
Forex: AUD/USD bounces at 0.8770 and returns to 0.8900 resistance area Thursday, August 26, 2010 @ 3:28AMFXstreet.com (Barcelona) - Australian Dollar decline from 0.9220 high on early August extended, weighed by risk aversion, to a fresh one-month low at 0.8770 yesterday, where the pair found support to bounce up during Asian session, reaching 0.8895/00 resistance area, under pressure at the moment of writing.
World stocks rebound from lows Thursday, August 26, 2010 @ 3:12AMBy Jeremy Gaunt, European Investment Correspondent
GLOBAL MARKETS-World stocks rebound from lows, yen slips Thursday, August 26, 2010 @ 3:03AM* Stocks rebound from lows, helped by earnings
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The Hindu Business Line : Turbulence in currency markets Tuesday, August 24, 2010 @ 1:34PMForeign exchange markets have entered a rocky phase once more on growing concerns about the recovery in the global economy. Yen is at a 15-year high against the dollar; th edollar and Swiss Franc are surging on safehaven buying and the Euro and the Pound have resumed their downward trajectory.
'Smiling assassin' targets rich immigrants Tuesday, August 24, 2010 @ 1:34PMWhen he was Merrill Lynch's global head of foreign exchange in London in 1998, the ever-cheerful John Key was nicknamed "the smiling assassin" after he fired some 50 members of his team.Today, as Prime Minister of New Zealand,...
Yen rallies across the board as risk aversion rises Tuesday, August 24, 2010 @ 1:01PMThe yen jumped to a 15-year peak against the dollar on Tuesday on fears the global economy is slowing, testing Japanese authorities' resolve to stem the currency's climb.
Forex: USD/CAD back down, loses 1.0600 Tuesday, August 24, 2010 @ 12:28PMFXstreet.com (Buenos Aires) – After reaching an intraday high of 1.0660, on worse than expected Retail Sales data in Canada, pair is back under 1.0600; dollar rise, also favored by Oil slump that posted a fresh monthly low at $71.45 per barrel, was halted after US published a strongly disappointing housing report, with existing home sales plunging over 27%.
Forex: Dollar sunk on renewed fears of a double dip Tuesday, August 24, 2010 @ 11:43AMFXstreet.com (Buenos Aires) – Existing home sales in the US fell today 27.2% to their lowest level in 15 years, reviving the idea of a double-dip in housing sector is just around the corner in the American economy; despite earlier dollar strength on risk aversion sentiment across the board, seems hard investors will continue seeking for refuge in the greenback: the slowdown in the overall ...
Forex: AUD/USD testing 0.8860 area Tuesday, August 24, 2010 @ 11:28AMFXstreet.com (Buenos Aires) – Australian dollar plummeted to a fresh 5-weeks low at 0.8795 today, where 20 SMA in the weekly chart halted the fall and triggered current upward corrective movement; fears of a double dip in the US had helped the case as the report triggered a dollar sell off across the board.
Weaker dong shakes up markets Monday, August 23, 2010 @ 7:33AMVietNamNet Bridge – Most traders and producers are keeping a watchful eye for any new developments on the forex market before deciding whether to increase prices of commodities following last week's 2 per cent depreciation of the Vietnamese dong.
Euro-Zone PMI Manufacturing, Services Weaken in August, EURUSD Directionless Going into the U.S. Trade Monday, August 23, 2010 @ 7:16AMEuro-zone PMI manufacturing for the month of August slowed to 55.0 from 56.7 the month prior amid economists’ expectations of 56.1, while the services index cooled to 55.6 from 55.8 in July, Markit Economics said today.
FOREX-Euro shorts extended, Aussie recoups poll losses Monday, August 23, 2010 @ 7:12AMFOREX-Euro shorts extended, Aussie recoups poll losses
Daily Sound Bites 08.23 Monday, August 23, 2010 @ 6:52AMA daily review of comments from selected officials across the globe and their respective insights into global macro economics as related to the foreign exchange market Written by Jonathan Granby, DailyFX Research Team IF you wish to receive Joels reports in a more timely fashion, email jskruger@fxcm.com and you will be added to the distribution list. If you wish to ...
Forex: USD/CAD retreats to 1.0440, intra-day low Monday, August 23, 2010 @ 6:43AMFXstreet.com (Barcelona) - USD/CAD gave up a 2-month high above 1.0500 reached last Friday, after a tedious Asian session gave way to an increase of order flow through the European session, which saw the pair break 1.0450 to hit a new intra-day low at 1.0440.
Dollar Mostly Softer vs Major Currencies Monday, August 23, 2010 @ 6:28AMThe U.S. dollar was mostly softer vs. the majors Monday as earlier risk aversion during the Asian session has been reversed during early European trading.
Forex: USD/CHF: bounces at 1.0300 to test 1.0360 resistance Monday, August 23, 2010 @ 6:28AMFXstreet.com (Barcelona) - Dollar retreat from Friday's high at 1.0390, extended lower on Swiss Franc strength at European session opening, and the pair hit 1.0300 session low, where the Greenback found support to bounce up and return to session high at 1.0360.
Forex: EUR/USD retreats from 1.2900 Thursday, August 19, 2010 @ 10:58AMFXstreet.com (Córdoba) – The Euro lost strength against the Dollar after being unable to break above 1.2900 (daily high). The pair is retreating, trimming gains and is approaching to the 1.2850 zone. Despite recent decline from the highs, the Euro is still trading more than 80 pips above daily lows.
Forex: GBP/USD finds resistance at 1.5670 Thursday, August 19, 2010 @ 10:43AMFXstreet.com (Córdoba) – Pound’s rally from 1.5505 was capped by the 1.5670 zone. The pair pulled back afterwards following the release of US economic data but managed to hold above 1.5615. In the last hours Cable moved sideways, close to session highs and more than a hundred pips above daily lows.
Dollar slips vs yen to near 15-year low after US data Thursday, August 19, 2010 @ 10:24AMNEW YORK, Aug 19 – The US dollar fell to near a 15-year low against the yen today, after weak US economic reports fuelled concerns about the strength of the US economic recovery and pushed US bond yields lower. The most recent release indicated factory activity in the Philadelphia Federal Reserve’s Mid-Atlantic region unexpectedly contracted in ...
U.S. Philadelphia Fed Survey Unexpectedly Declines in August Thursday, August 19, 2010 @ 10:19AMAccording to the Philadelphia Federal Reserve, manufacturing conditions for the month of August fell for the first time since July of 2009. Figures plunged to -7.7 from last month’s reading of 5.10 amid economists’ expectations for an increase to 7.0, and the reading provides little reason for optimism in the world’s largest economy.
Forex: EUR/USD slides on concerns about Europe's recovery Wednesday, August 18, 2010 @ 10:44PMFXstreet.com (Córdoba) - The Euro common currency weakened at early Asian session on news stating that Greek austerity measures are having negative effects on the economy, especially high unemployment and sales figures dropping.
Australian Wages Grow Least in Nearly Four Years, Bolster Flat RBA Outlook Wednesday, August 18, 2010 @ 10:30PMAustralian Weekly Wages rose 0.8 percent in the three months through May, marking the smallest quarterly increase in nearly four years. Private wages excluding overtime rose 0.7 percent the smallest gain since the quarter ending November 2007 pointing to tepid inflationary pressure and giving the central bank ample room to keep monetary policy on hold for the time being. Furthermore, mining ...
Forex: NZD/USD erasing yesterday’s gains Wednesday, August 18, 2010 @ 10:28PMFXstreet.com (Barcelona) - The New Zealand dollar is once again pressured lower against the greenback Thursday, erasing just about all gains accrued the day prior. The NZD/USD has most recently dipped another 30 pips, hitting support around 0.7110 before correcting slightly to the upside.
RBA Sold Net A$570 Million In Forex Market In July Wednesday, August 18, 2010 @ 9:44PMThe Reserve Bank of Australia sold a net A$570 million in the foreign exchange market in July, figures released by the central bank showed on Thursday. The bank had sold a net A$1.2 billion in June.
David Cameron gets thumbs up from business groups after first 100 days Wednesday, August 18, 2010 @ 9:43PMThe opinions and analysis offered on Forexlive are for educational purposes only and clients and prospects are advised to carefully consider the opinions and recommendations offered by the analysts and to use the analysis and opinions in conjunction with the client and/or prospects own independent analysis.
Dollar Halts its Modest Reversal as Risk Trends Balance, Fundamental Catalysts Evaporate Wednesday, August 18, 2010 @ 9:36PMThe US dollar advanced for the first time this week; but the conviction behind the climb was as convincing as the reversal that opened the week. That is to say it was weak. In fact, if we were to assess the greenback’s progress over the past week ; we see that the single currency has essentially carved a narrow range with no real inclination towards establishing trend.
Japanese Stocks Rise for Second Day on Policy, Earnings Outlook Wednesday, August 18, 2010 @ 9:35PMJapanese stocks rose for a second day, on speculation policy makers will introduce measures to stimulate the economy and as chip-related companies gained after Applied Materials Inc. forecast better-than-estimated profit.
Demand Grows Despite H-1B Fight, TCS Exec Says Wednesday, August 18, 2010 @ 9:34PMThe chop-shop fallout continues. Senator Chuck Schumer (D-N.Y.) caused an uproar in India recently after he called Indian IT outsourcing companies chop shops during debate on a proposal to double their fees on H-1B and L-1 work visas. The proposal passed—with no nays in the Senate—and the Indian ...
FOREX-Euro drops in technical trading; Canadian dollar up Wednesday, August 18, 2010 @ 4:12PMFOREX-Euro drops in technical trading; Canadian dollar up
Forex: EUR/USD eases from 1.2925 session high Wednesday, August 18, 2010 @ 9:43AMFXstreet.com (Barcelona) - The Euro is trimming gains on early US session opening and EUR/USD rally from 1.2825 low has peaked 100 pips higher, at 1.2925 session high, before pulling down to levels around 1.2850 at the moment of writing.