Financial Markets - Currencies
EUROPEFinancial Markets - Currencies
Risk events in Europe during the first quarter of the year
Risk events in Europe during the first quarter of the year, linked to Cyprus and Italy, have barely affected financial conditions. However, the economic recovery is delayed, with some weakness in the core economies of the eurozone. Further ECB’s support, less restrictive fiscal policies and global demand will result in a gradual recovery throughout 2H2013. Read More | View Original Article
Trade Idea: GBPUSD looking exhausted; Buy a dip or break
GBPUSD - Intraday signals for sentiment are at oversold extremes and the intraday 261.8% extension level is located at 1.5194, so there is scope for GBP buying this morning. Read More | View Original Article
Trade Navigator: Wednesday, May 15
The Trade Navigator provides you with daily technical insight into almost 200 instruments ranging from FX to equities, commodities and bonds. Read More | View Original Article
The EUR traded near the weakest level in five weeks versus the USD
Good morning from cloudy Hamburg and welcome to our Daily FX Report. There is just a little USD strength in the market, and some fears in the market brewing over the outlook for China. Today, we are expecting important economic news. Anyway, we wish you much luck in trading today. Market Review – Fundamental Perspective Crude Oil, which is Canada’s biggest export, dropped for a fourth day and as a result the CAD also declined to the lowest level in two weeks against the USD . Read More | View Original Article
USD/JPY: Trading the Philadelphia Fed Manufacturing Index
The Philadelphia Fed Manufacturing Index is an important leading indicator, and is based on a survey of manufacturers in the Philadelphia area. It examines manufacturers’ opinions of business activity, and helps provides a snapshot of the health of the manufacturing sector. A reading which exceeds the forecast is bullish for the dollar. Indicator Background The Philadelphia Fed Manufacturing Index measures regional manufacturing growth in the Philadelphia area. Read More | View Original Article
Signs of Prosperity for Online Investing in Canada
A Bank of Montreal study in the way Canadian investors behave online has produced promising results. The study of 1,000 Canadians shows that around 65% will be investing online over the next 5 years.Read more … [visit site to read more] Read More | View Original Article
3 Numbers to Watch: UK Labour Mkt., US Ind. Pro., US NAHB Housing
Analysts expect another drop in the claimant count in today’s UK labour market report. Meanwhile, the market is looking for a decline in US industrial production and a modest rebound in the US NAHB Housing Market Index. Read More | View Original Article
Sterling exhausts momentum as dollar cruises higher
Given the raft of public holidays across Europe last week, sterling traded within a fairly narrow range against the euro, ending the week propped above 1.18. Cable, on the other hand, held up well around 1.55 until last Thursday when the dollar bulls returned to the fold upon mildly improved US Initial Jobless Claims and Bernanke said nothing on Friday to tarnish the greenback’s appeal. Read More | View Original Article
US import prices fell 0.5% in Apr
Market wrap Global market sentiment: US asset classes – equities, bond yields, and currency – all rose last night. Equities were fuelled by high-profile hedge fund manager David Tepper’s pronouncement that the US “is on the verge of an explosion of greatness” and that bank stocks were attractive. Also helping sentiment was Fitch’s two-notch rating upgrade for Greece, from CCC to B-. The S&P500 made a fresh record high and is currently up 0.7%. Read More | View Original Article
Trade Idea UPDATE: Buy USDCHF with weak CHF dominating
The demand for USDCHF has confirmed our bullish call and our target at .9629 has been met. Despite overbought sentiment there is no sign of the upside being exhausted and .9685, then .9748 remain targeted. The risk level can now be raised to .9575. Read More | View Original Article
Greenback to Strengthen Further
Chris Weston, Head of Sales and Research at IG is bullish the U.S. Dollar in the long term. Clem Chambers, CEO of ADVFN joins in the discussion. Read More | View Original Article
Dollar Rallies Despite Blow Out S&P 500 Drive, Be Careful
For the Dow Jones FXCM Dollar Index, the tally is now up to four consecutive days of climb with consistent closes at near-three year highs. Read More | View Original Article
Dollar Rallies Despite Blow Out S&P 500 Drive, Be Careful
For the Dow Jones FXCM Dollar Index, the tally is now up to four consecutive days of climb with consistent closes at near-three year highs. Read More | View Original Article
Yen to Weaken to 120 by Next Year: Economist
The dollar-yen trade could reach 120 by the end of 2014, according to economists at Capital Economics, who said the yen's downward drive will persist throughout this year and next. Read More | View Original Article
Gains defy gloomy economic data
US stocks marched on as investors brushed off weak manufacturing data and focused on the prospect of continued support from the world’s central banks Read More | View Original Article
The U.S. dollar is trading higher against all of the major currencies this morning except for the Japanese Yen. Import prices was the only piece of U.S. data released today and the 0.5% decline was right in line with expectations and therefore barely elicited a reaction in the dollar. After hitting a high of 102.15 on Monday, the rally in USD/JPY has stalled. Given that the break above 100 was caused by the combination of higher U.S. yields, rising Japanese and U.S. Read More | View Original Article
Greenback rises on economic optimism
Australian Dollar: Despite enjoying a brief stint back above parity yesterday the Australian dollar has fallen for a seventh consecutive day overnight, close to the longest losing streak witnessed since August 2011. Tumbling to its lowest point seen in over 11 months, speculation has continued to mount that the RBA will cut borrowing costs again in an attempt to support the economy. Read More | View Original Article
Forex Daily Outlook May 15 2013
US Producer Price Index, BOE Inflation Report and UK employment data are the main events today. Here is an outlook on the market-movers awaiting us. In the US, Producer Price Index, measuring shifts in prices of finished products, declined unexpectedly by 0.6% in March following a 0.7% gain in the previous month. Analysts expected a 0.2% drop. Meanwhile Core PPI excluding food and energy products gained 0.2% following the same rise in February, in line with market predictions. Read More | View Original Article
Is AUD/USD Due for a Reversal After its Biggest Decline in Years?
With Tuesday's close, AUDUSD has dropped for seven consecutive days - the longest lasting bearish move in years. Read More | View Original Article
DAILY TECHNICAL OUTLOOK ON GBP/USD : May 15, 2013
DAILY TECHNICAL OUTLOOK ON GBP/USD 15 May 2013 01:02GMT Trend Daily Chart Sideways Daily Indicators Turning down 21 HR EMA 1.5255 55 HR EMA 1.5307 Trend Hourly Chart Down Hourly Indicators Bullish convergences 13 HR RSI 38 14 HR DMI -ve Daily Analysis Resumption of decline Resistance 1.5385 - Mon's high 1.5331 - Y'day's high 1.5275 - Mon's low Support 1.5197 - Apr 23 low 1.5128 - 61.8% r of 1.4832-1.5607 1.5034 - Apr 4 low . GBP/USD - 1.5218... Read More | View Original Article
World Needs 'Math-Based' Currencies: OpenCoin
Chris Larsen, Co-founder and CEO of OpenCoin, says the world needs math-based currency companies like OpenCoin and their free payments systems. Read More | View Original Article
Buoyant Dollar Pushes Euro to Six-Week Low
The euro fell to a six-week low against a buoyant dollar on Wednesday. Read More | View Original Article
Morning Report - Aussie and Yen remain pressured
You can tell that the worm has clearly turned for the Aussie dollar because for the 4th or 5th day in a row it is one of the lead stories on the Wall Street Journals FX page. Today's headline says the budget knocked the AUD lower and while we don't agree that it was the budget that knocked the Aussie dollar below 0.99 overnight. Having said that though there was nothing in it that was or is going to support the Aussie. Read More | View Original Article
MB Trading Fined $200,000 For Failing to Maintain Minimal Capital Requirements
United States financial regulator fines MB Trading a FX broker for failing to meet minimal capital requirements. The broker had miss-appropriated funds for 17 months after the new rules were mandated.Read more … [visit site to read more] Read More | View Original Article
