Crude oil prices shifted to red as they have declined yesterday along with the rest of the financial markets including the American and European stock markets. 41 Vote(s) Read More Oil Prices Daily Outlook October 18
Posted in FX News | Tagged 18, daily, october, oil, outlook, prices |
USD continues to firm as markets remain risk averse and growth concerns come into focus following softer China 3Q GDP figures (real GDP y/y came in at 9.1% the lowest in 2yrs). Asian equities finished in the red and European bourses are lower across the board. The buck is Read More USD Bid as Riskoff [...]
Posted in FX News | Tagged as, bid, continues, riskoff, usd |
The slowdown in China, lack of progress on sovereign debt containment, and the possible downgrade of France’s credit rating are all weighing on the Euro today. 34 Vote(s) Read More Euro Lower in Spot Forex Trading
Posted in FX News | Tagged euro, forex, in, lower, spot, trading |
France’s AAA credit rating came under pressure overnight as Moody’s said that it’s stable outlook was in danger of being downgraded in the next three months. The reason being the need to leverage up the EFSF as well as steps the French government may have to take in order to Read More French Yields Blow [...]
Posted in FX News | Tagged as, blow, french, moody, on, out, outlook, rating, warns, yields |
The Australian dollar climbed today as the strong growth of China’s economy increased attractiveness of Australia’s currency. The Reserve Bank of Australia suggested the policy makers may cut the interest rates in the near future. 22 Vote(s) Read More Chinas Growth Helps Aussie, RBA Signals About Rates Cut
Posted in FX News | Tagged about, aussie, chinas, cut, growth, helps, rates, rba, signals |
GBP/USD has tested the 38.2% retrace of the 1.6747-1.5272 fall over two sessions and failed to close above it. This may signal the beginning of a possible reversal back lower. However, further evidence is required ahead of trade formulation. … 38 Vote(s) Read More GBP USD Meets initial resistance close to the 382 persen retrace
Posted in FX News | Tagged 382, close, gbpusd, initial, meets, resistance, retrace, the, to |
Producer prices rose 0.8% in September, much faster than market forecasts for a 0.2% increase. This resulted in the year-over-year rate rising to 6.9% from 6.5% in August. Excluding the food and energy components, prices were up 0.2% in September, which was slightly faster than market forecasts for a 0.1% Read More US Producer Prices [...]
Posted in FX News | Tagged expected, in, more, prices, producer, rose, september, than, us |
The dollar is higher against the EUR -0.48%, GBP -0.24%, CHF -0.42% and lower against JPY +0.10%. The commodity currencies are weaker this morning, CAD -0.18% and AUD -0.26%. After printing its highest price in three weeks, the loonie did an about turn … 37 Vote(s) Read More EURO Doom Mongering Persists
Posted in FX News | Tagged doom, euro, mongering, persists |
The euro is under pressure today as risk assets get sold off. As we have said in previous notes, Europe is still front and centre and is dominating market sentiment. Whereas last week the markets were optimistic that a solution could be found to the sovereign crisis, this has started Read More Europes Core Limits [...]
Posted in FX News | Tagged core, efforts, europes, limits, rescue |
