The UK manufacturing PMI posted a reading of 52.1 in January, much better than the forecast of an increase to 50.2 from 49.6 in December. From Markit: “Manufacturing production expanded for the second successive month in January, supported by growth of new orders and the clearance of backlogs of work. Companies Read More GBP USD [...]
Posted in FX News | Tagged 10week, gbpusd, high, manufacturing, on, positive, pushes, surprise, to, uk
On Wednesday Pound/Dollar traded within 130 pip range. The Cable appreciated first to 1.5775, than lost all gains, dropping to 1.5646 yesterday, in line with the morning positive Interbank sentiment at almost +32%, closing the day at 1.5673. … 23 Vote(s) Read More GBP USD Pushes Up Again, Holding Within Yesterdays Range For Now
Posted in FX News | Tagged again, for, gbpusd, holding, now, pushes, range, up, within, yesterdays
Trichet joined the Swiss National Bank and the Bank of Japan of pumping more money into the banking system, by providing 6-month loans in a newly announced liquidity operation. That is an admission that monetary policy needs to help stimulate an economy that has started to see a “deceleration in Read More Trichet Pushes Off [...]
Posted in FX News | Tagged at, ecb, hike, in, least, liquidity, loans, longterm, october, off, provide, pushes, rate, till, to, trichet
The New Zealand dollar reached a new historical maximum against its North American counterpart and grew against some other world currencies today, as the US debt ceiling agreement spurred demand for high-yielding assets.(…)Read the rest of Risk Rally Pushes NZD to Records vs. Dollar (122 words) Posted on Forex News. Read More Risk Rally Pushes NZD to Records vs Dollar
Posted in FX News | Tagged dollar, nzd, pushes, rally, records, risk, to, vs
Jean Claude Trichet has called for the creation of a European finance ministry whose powers to intervene in national economic policy would be “well over and above the reinforced surveillance that is presently envisaged”. Read More ECBs Trichet pushes for a European finance ministry
Posted in FX News | Tagged a, ecbs, european, finance, for, ministry, pushes, trichet
A sales war between supermarkets has pushed down food prices and caused a surprise drop inflation in March. Read More Supermarket sales war pushes down inflation
Posted in FX News | Tagged down, inflation, pushes, sales, supermarket, war
The Euro Profited from a new plan to save indebted nations in the Eurozone, as more money will be injected in these nationals to stabilize their public accounts. 34 Vote(s) Read More New BCE Rescue Plan Pushes Euro UP
Posted in FX News | Tagged bce, euro, new, plan, pushes, rescue, up
Crude oil fell back as a weaker-than-expected reading on U.S. retail sales spurred profit taking in financial markets. Gold moved in the opposite direction, leading to a break of the week-long congestion in prices. Read More Crude Falls on Profit Taking, Gold Pushes out of Congestion
Posted in FX News | Tagged congestion, crude, falls, gold, of, on, out, profit, pushes, taking
A quiet Asian session clearly didnt set the tone for today’s FX trading. The week has been very busy with the EUR bearing the brunt of it over investor concerns in the EU and markets seem to be more than content to sit back and enjoy the Thanksgiving holiday. No Read More Events In Korea [...]
Posted in FX News | Tagged amp, events, higher, in, korea, over, portugal, pushes, speculation, usd
The Great Britain pound jumped against all other major currencies today as the British GDP data release surprised all Forex market participants with extremely high values, beating even the optimistic forecasts.(…)Read the rest of Britain’s GDP Data Pushes Pound Up (85 words) Posted on Forex News. Read More Britains GDP Data Pushes Pound Up
Posted in FX News | Tagged britains, data, gdp, pound, pushes, up
