Following the fifth such meeting between German Chancellor Angela Merkel and her counterpart in Beijing, Chinese Premier Wen Jiaobao hinted that European nations could in fact be receiving aid from one of the world’s fastest growing economies. 32 Vote(s) Read More Euro Gets Help From Chinese Comments
FXstreet.com (C?rdoba) – The Pound briefly fell below 1.5800 versus the Dollar following dovish… For more information, read our latest forex news. Read More Forex GBP USD slips below 15800 after Posen comments
Momentum for Brazilian Real buyers continues. Since the beginning of the month, Latin America’s fastest growing economy’s currency has shown a lot of resilience to the current recessionary conditions plaguing the country – appreciating by a str 41 Vote(s) Read More Traders Brush Away Tombini Comments, Brazilian Real Surges
The EUR/USD continued to extend its rally from last week, bolstered by comments from the IMF head Lagarde, who called for European to bolster their bail-out funds. Talk of running the EFSF and ESM concurrently also likely helped boost sentiment. 26 Vote(s) Read More EUR Rallies on Lagardes Comments danamp ESM EFSF Talk
The euro declined today after Fitch Ratings spoke about possible worsening of Europe’s credit crisis and potential disintegration of the eurozone.(…)Read the rest of Euro Down on Fitch Comments (67 words) Posted on Forex News. Read More Euro Down on Fitch Comments
Asia markets traded range bound in anticipation for the upcoming conference in Jackson Hole, Wyoming. Traders around the globe will have their ears tuned to the Fed Chairmen Ben Bernanke. The Fed chief is poised to make headlines with questions swirling on the state of the global economy, the spillover Read More Asia Session Market [...]
Japan’s July trade balance came out in line with expectations with a print of -130.5B yen from the prior month’s -196.5B as the country struggles to regain the trade surplus it has traditionally enjoyed. Both imports and exports were lower than forecast with imports for July showing a yearly change Read More Japan Trade Balance [...]
Despite a greater than expected trade surplus, continuing Chinese rumors wiped initial gains. However, investors continue to wait for the RBA’s rate decision and commentary on the Australian economy in 3 hours. Read More Australian Dollar Keeps Losses Despite Surplus Traders Await RBA Comments
The euro unexpectedly rallied against all major currencies this morning after European Central Bank Executive Board member Lorenzo Smaghi said that the central bank may raise rates as price pressures mount. So long as the EURUSD can remain above 1.36, the pair could witness further upside risks in light of a lite economic docket during [...]
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Commodities Rally on Bernanke Comments, Gold Joins Rally
35 Vote(s) Read More Commodities Rally on Bernanke Comments, Gold Joins Rally
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