With the Greek situation starting to unravel quickly, the market has become susceptible to quick moves in reaction to headlines. Shortly after 15:00 one of those moments occurred, with Reuters reporting that the European Central Bank has cut funding to Greek banks; the EURUSD slid back under 1.2700 briefly. Read More EURUSD Falls Sharply After [...]
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The greenback continued to appreciate on Wednesday, with the Dow Jones-FXCM U.S. Dollar Index rallying to a fresh 2012 high of 10,132, but the reserve currency may consolidate ahead of the FOMC meeting minutes as market participants weigh the outlook for monetary policy. Read More USD Index At Critical Juncture, JPY Correction Comes To An [...]
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Asian market participants dropped higher yielding currencies and risk-correlated assets to their lowest levels in at least four months as Greek concerns continue to weigh on sentiment. However, after the Aussie and the Euro hit fresh May lows against the US Dollar, their courses quickly reversed ahead today’s key release. Read More Aussie and Euro [...]
Posted in FX News | Tagged ahead, and, aussie, but, euro, fed, fresh, hit, lows, minutes, of, rebound
The Bank of England has cut its growth forecasts and warned in its May Inflation Report that inflation will stay high for longer than it previously thought. Read More Bank of England cuts growth forecasts and warns on inflation
Posted in FX News | Tagged and, bank, cuts, england, forecasts, growth, inflation, of, on, warns
The Bank of England has cut its growth forecasts and warned in its May Inflation Report that inflation will stay high for longer than it previously thought. Here is Sir Mervyn King’s speech in full. Read More Bank of England cuts growth forecasts Sir Mervyn Kings speech in full
Posted in FX News | Tagged bank, cuts, england, forecasts, full, growth, in, kings, mervyn, of, sir, speech
The Bank of England has cut its growth forecasts and warned in its May Inflation Report that inflation will stay high for longer than it previously thought. Here are the highlights from the Bank’s policymakers. (Quotes are by Mervyn King unless otherwise stated). Read More Bank of England cuts growth forecasts the highlights
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The Bank of England warned the eurozone was “tearing itself apart” as it cut its UK growth forecasts and said inflation would stay higher for longer than it previously thought. Read More Sir Mervyn King warns eurozone is tearing itself apart and cuts UK growth forecasts
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Read More EURUSD Probes Trendline from 2010 and 2012 Lows
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It’s a true bear market for the AUD and NZD, which have been slipping for months against not just the USD, but also the EUR and CAD. Read More AUD and NZD Technical Health Deteriorates
Posted in FX News | Tagged and, aud, deteriorates, health, nzd, Technical
Guest Commentary Gold dan Silver Daily Outlook 05162012
As stated in the weekly gold outlook there are many items on today’s agenda: the minutes of April FOMC meeting, U.S housing starts report, ECB President speaks, Euro Area Annual Inflation and BOE Inflation Report . Read More Guest Commentary Gold dan Silver Daily Outlook 05162012
Posted in FX News | Tagged 05162012, Commentary, daily, gold, guest, outlook, silver | Leave a response