The Swiss franc fell today against the US dollar and the euro, as the rally of the equities damped the demand for the currency as the safe haven, despite of the favorable fundamentals.(…)Read the rest of Swiss Franc Fall Despite Record Industrial Activity (73 words) Posted on Forex News. Read More Swiss Franc Fall Despite Record Industrial Activity
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The Great Britain pound strengthened today against the US currency to the highest level in almost six months as the economic data showed that Britain’s economy expanded faster than the analysts anticipated.(…)Read the rest of Pound Rises as UK Economy Grows (85 words) Posted on Forex News. Read More Pound Rises as UK Economy Grows
Posted in FX News | Tagged as, economy, grows, pound, rises, uk |
The 16-nation European currency showed the strong performance this summer, just as most traders lost any confidence in the currency. The questions, which of course sits in many minds, is: can the euro sustain its rally? Everything can happen, as the euro showed by its rally, but few economists believe that the currency will continue its rally for the long time.(…)Read the rest of Can Euro Sustain Its Rally? Unlikely [...]
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The Australian dollar reached today the highest level in almost three months versus its US counterpart and advanced against the Japanese yen as the signs of the robust economic growth supported the outlook for the unchanged interest rates and spurred the demand for the higher-yielding assets. The currency fell versus the euro.(…)Read the rest of Aussie Strengthens on Economic Growth (135 words) Posted on Forex News. Read More Aussie Strengthens on Economic Growth
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The Euro found support below 1.30 on Friday, recovering back to the 1.3060 area and it pushed slightly higher on Monday, although there was still an important degree of resistance with the Euro under-performing on the major crosses. Underlying confidence in the US economy will tend to remain weaker in Read More Euro Still Facing [...]
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On Thursday, the ECB Council is holding its regular monthly meeting. We expect the ECB to leave policy rates unchanged. Market participants will probably focus on the assessment of economic risks. On the one hand, euro area growth in Q2 is likely to have been strong, and leading indicators give Read More EMU Economic Indicators [...]
Posted in FX News | Tagged economic, emu, indicators, preview |
In June, overall payrolls had fallen by 125k and temporary Census employment by 225k. New jobs in the private sector had not been able to compensate for this steep drop. We expect private nonfarm employment to have continued to rise at moderate pace of about 100k. However, Censusrelated employment will Read More US Economic Indicators [...]
Posted in FX News | Tagged economic, indicators, preview, us |
After Friday’s GDP report the dollar starts the week facing fresh weakness amid more signs of Asian expansion continuing to highlight a plausible theory that the United States has become a growth laggard. The index slipped to a fresh three-month low to begin a new trading week as investors looked Read More Asian Health and [...]
Posted in FX News | Tagged and, appetite, asian, bolster, health, pmi, risk, surveys |
The US Dollar and the Japanese Yen may extend Asian-session losses into European trade as risk appetite remains well-supported, weighing on the safety-linked currencies against the spectrum of their major counterparts. Read More US Dollar, Japanese Yen to Extend Losses as Risk Appetite Firms
Posted in FX News | Tagged appetite, as, dollar, extend, firms, japanese, losses, risk, to, us, yen |
Opening Comment 0802
Currencies remain well bid across aboard at the start of the week and it will be interesting to see how the markets respond to a week full of US data and central bank event risk. Read More Opening Comment 0802
Posted in FX News | Tagged 0802, comment, opening | Leave a response