Gold inched up to trade around $950 on Thursday, approaching the previous day’s high after the Federal Reserve said it would keep interest rates near zero, although further gains in gold were seen likely to be capped. Read More Read More Gold rises as investors buy riskier assets and the dollar falls
Posted in FX News | Tagged and, as, assets, buy, dollar, falls, gold, investors, rises, riskier, the |
The euro strengthened against the greenback after a German report showed Europe?s largest economy unexpectedly expanded in the second quarter, adding to signs the global recession is abating. Read More Read More The Euro gains as a report shows that the French and German economies grew
Posted in FX News | Tagged a, and, as, economies, euro, french, gains, german, grew, report, shows, that, the |
Stocks back on the move northwards once again, the US session up 1.3%, following overnight through Asia and now into the European session. The FEDs decision yesterday remained unchanged however the statements reference the recovery of the economic downturn is underway were very well received pushing the risks higher in tandem. The German and French [...]
Posted in FX News | Tagged Forecast, todays, trading |
Surprisingly good Q2 GDP data from Germany and then France lifted the EUR right at the start of the European session. Both countries managed to grow by 0.3% q/q in Q2 shaking off median expectations of contraction in both economies. Germany?s economy was lifted by domestic fiscal stimulus which pushed both private and government consumption [...]
Posted in FX News | Tagged 13, 2009, august, london, session |
The Japanese Yen, although still firmer from opening levels Sunday, lost some shine on profit taking. The pair bounced right of our buy entry yesterday, to rally over 60 points. Bias is still for a stronger Yen although the moves will be guided by the FOMC rate announcement later in the session. Read More Read [...]
Posted in FX News | Tagged 9445, at, buy, limit, usdjpy |
The pair dropped sharply from when the order entry was sent yesterday to hit a low at 0.8179. Weaker Chinese data spurred traders to lock in profits as China is the main driver for the Aussie’s rally. The pair is expected to trade mixed ahead of the FOMC rate announcement, however anticipation may put a [...]
Posted in FX News | Tagged 08112, at, audusd, buy, limit |
Information received since the Federal Open Market Committee met in June suggests that economic activity is leveling out. Read More Read More Full Text FOMC Meeting Minutes
Posted in FX News | Tagged fomc, full, meeting, minutes, text |
