Switzerland intervened in the currency market and pegged its rate against USD. Investors, high net-worth clients, speculators and people who are looking for wealth protection have taken position in various currencies including Brazilian Real, … 37 Vote(s) Read More Capital controls
Posted in FX News | Tagged capital, controls |
(Dow Jones via eFXnews) Traders amassed a net $24.8 billion in bets that the euro will continue to weaken, the largest such position since at least 2007, as of Jan. 10, government data showed Friday. Speculators held a net 155,195 contracts ag 41 Vote(s) Read More Speculators Pile Into Bets Against Euro Most Since 2007
Posted in FX News | Tagged 2007, against, bets, euro, into, most, pile, since, speculators |
27 Vote(s) Read More Weekly Technical Strategist GBPUSD
Posted in FX News | Tagged gbpusd, strategist, Technical, weekly |
The much-feared, yet equally much-anticipated, EU sovereign credit rating downgrades have arrived. The winners were Germany, the Netherlands, Finland, and Luxembourg, which saw their AAA ratings sustained. The losers were Belgium, Austria and France, which were cut one grade to AA+. The biggest losers were Italy, Spain and Portugal, which Read More Eurozone Downgrades Desperate, [...]
Posted in FX News | Tagged but, desperate, downgrades, eurozone, not, serious |
An AIC report about the fourth quarter of 2011, projected economic growth in 2011 to be seven percent with a suprlus in the foreign current account of USD 279 billion. Crude oil production rose by 2.1 million barrels per day (bpd) last year to reach … 39 Vote(s) Read More GCC foreign assets exceed USD [...]
Posted in FX News | Tagged 12, 18, aic, assets, exceed, foreign, gcc, trln, usd |
The calendar may have rolled over but the picture is the same at the Bank of Canada. Set against acute global headwinds and bruised domestic confidence, the theme for the overnight rate of lower for longer remains firmly entrenched. It should therefore come as no surprise to see the Bank Read More BoC Monetary Policy [...]
Posted in FX News | Tagged 2012, bank, boc, canada, from, monetary, monitor, more, of, policy, same, start, the, to |
How do you see this impacting our current account deficit (CAD), which many say would be close to three per cent of GDP, the case during the balance of payments (BoP) crisis? Yes, we are likely to end up within the range of $150-155 bn, which is a very … 31 Vote(s) Read More Its [...]
Posted in FX News | Tagged a, be, difficult, exports, for, going, its, khullar, rahul, to, very, year |
Credit rating agency Standard and Poor’s (S&P’s) yesterday lowered the long-term sovereign ratings on Cyprus, Italy, Portugal, and Spain by two notches; lowered the long-term sovereign ratings on Austria, France, Malta, Slovakia, and Slovenia, by one notch; and affirmed the longterm sovereign ratings on Belgium, Estonia, Finland, Germany, Ireland, Luxembourg, Read More Credit Rating Agency [...]
Posted in FX News | Tagged agency, and, credit, downgrades, euro, poors, rating, several, sovereigns, standard, zone |
FXstreet.com (C?rdoba) – The Aussie as other high-yielding currencies faced renewed selling… For more information, read our latest forex news. Read More Forex AUD USD holds below 10300 after limited bounce
Posted in FX News | Tagged 10300, after, audusd, below, bounce, forex, holds, limited |
FXstreet.com (C?rdoba) – While markets await confirmation of the reported euro zone downgrades by… For more information, read our latest forex news. Read More Forex EUR USD hovers below 12700 as market awaits SdanPs confirmation
Posted in FX News | Tagged 12700, as, awaits, below, confirmation, eurusd, forex, hovers, market, sps |
