Posts Tagged ‘ note ’

Risk FX Rally Rolls On Despite Weak US Jobs Data

US weekly jobless claims unexpectedly rose by 12,000 to a total of 472,000 to reach their highest level in four months. On a more positive note the four week moving average declined slightly to 463K. Nevertheless the jobless claims data suggest that US labor market conditions remain challenging, especially in light of the persistent problems [ READ MORE ]

UK Trade Shows Mixed Results

UK Trade Balance missed its mark printing at -7.3 Billion pounds versus expectations of -6.8 Billion but the results were blamed on the disruption in air traffic due to the volcanic ash eruption during the month of April. On a positive note the data for the month of March was revised upward to -7.3 from [ READ MORE ]

Setting The Stage For FOMC

Markets globally are breathing a collective sigh of relief as Greece moves closer to collecting its promised emergency aid package. The news managed to lift the euro almost high enough to offset all of yesterday’s losses. Nevertheless, aside from a strong gain in the kiwi, the dollar gave up little ground. The greenback surged against [ READ MORE ]

Dollar Holds Its Gains As Week Begins

With all of Europe closed for Easter Monday the currency market started the week on a very quiet note with the dollar holding on to most of its gains against the yen while continuing to make progress against the euro. USD/JPY popped up to fresh new yearly high of 94.80 on the open of [ READ MORE ]

Find Out Useful Info That Will Help You To Create Wealth With Forex

Wealth starts with ideas. As I can see your attention is entirely focused on Forex trading. I can say that you are on the promising way. Now let’s talk about wealth because such an extremely fascinating thing is going to be the product of your Forex trading if you act properly. How do you usually think [ READ MORE ]

Things You Need To Know When Buying Foreign Currency

Business of Forex has become much more widely than ever nowadays. People suddenly began to realize how profitable currency exchange may be. It’s just expected, since currency exchange is a process that is needed by all countries. But when it comes to buying foreign currency, there are several important things that you should take note. [ READ MORE ]

Will Risk Appetite Return or Will EUR/USD Tumble to 1.4700?

Another listless night of trade in the FX market dominated by risk aversion flows as both Asian and European equities sold off and the MSCI index declined for the seventh straight day in row. With European eco calendar once again empty, the only news of note was from Asia Pacific where the Australian CPI [ READ MORE ]

Dollar Rises As Week Begins – Start of a Counter Trend Rally?

The dollar started the week on bullish note rising against all the majors on the back of hawkish comments from St Louis Reserve President James Bullard and some downbeat news from Europe and UK. In remarks made in front of the National Association of Business Economics, Mr. Bullard suggested that [ READ MORE ]

Dollar Finds a Bid as The Week Begins

With Japanese markets closed for holidays, currencies started the week’s trade on a quiet note with the dollar bid across the board and especially against the pound as risk aversion returned ahead of the G-20 meeting scheduled for the end of the week. Cable was once again the weakest major of the [ READ MORE ]

Dollar Stabilizes As Risk Rally Halts

A quiet night of consolidation in the currency market as risk assets and gold saw a bout of profit taking with equities in both Asia and Europe slipping by approximately 0.5% while gold dipped once again below the key $1000/oz. level. On the economic front the calendar was sparse with only [ READ MORE ]

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