Posts Tagged ‘ time ’

RBA Minutes Signal Pause

The Reserve Bank of Australia released its minutes today, indicating that monetary officials in Sydney will likely pause for the next several months before considering any further tightening of policy. The RBA noted that, “the situation in Europe had deteriorated significantly over the previous month. Market confidence had been severely eroded, and some governments were [ READ MORE ]

Euro Outperforms Dollar for Third Day

The euro extended its rally for a third day as growing Chinese exports suggested that an impact of the European troubles on the global economic recovery might be alleviated by the Asian economic growth. In the same time, today’s reports showed not the best results for the U.S. economy with the growing number of initial jobless claims and the increasing… [ READ MORE ]

Euro Rally Fizzles

EUR/USD stabilized in cautious Asian and early European trade but remained under pressure as 1.2000 proved to be an impenetrable resistance level for the time being. The pair rose during the Asian session on improved risk appetite after positive remarks by Fed Chairman Ben Bernanke who noted that the economic recovery appears to [ READ MORE ]

EUR/USD: The Next Benchmark is Parity

The Euro has now declined for six consecutive months against the Dollar. It is down 25% from its 2008 high and 15% in the year-to-date. It declined 8% in the month of May alone. En route to a four year low, the Euro also fell below the 50% retracement level ($1.21) of its rally from [ READ MORE ]

Top Inactive Forex Blogs

EarnForex blog has recently got into the list of the top 10 Forex blogs by Forex Crunch and that reminded me of the blogs that I used to read some time ago. They actually were in the old top lists during their good time but now they are inactive… [ READ MORE ]

Aussie Drops as RBA Indicates a Halt to Rate Hikes

As expected the RBA left it benchmark rates unchanged at 4.50%. This was only the second time in the past nine months that the Australian monetary authorities did not tighten having taken rates higher by 150bp during that time frame. [ READ MORE ]

Volatile Moves of EUR/USD Caused by Bad News for Euro & Dollar

EUR/USD currency pair experiences volatility today as both the dollar and the euro encountered some hardship. The euro was weakened by speculation that Germany may ban naked short selling of some securities permanently. In the same time, the dollar was harmed by reports, which showed slowdown of the U.S. economic growth. EUR/USD trades… [ READ MORE ]

EUR/USD Declines on Signs of Growing Consumer Confidence in U.S.

EUR/USD declined today amid signs of economic growth in U.S. and concerns for European economic stability. The central bank in Spain took over the savings bank CajaSur, that was heavily harmed by the property-loan defaults, causing concern about resilence of European banking system. At the same time, reports from U.S. showed that… [ READ MORE ]

Euro Rebounds But Rally Capped

Risk FX stabilized and staged a mild rally in mid-morning European trade today as equity bourses across the continent rose by more than 2% helping to fuel speculative sentiment. The situation in Korea remained tense with North Korea threatening to sever all ties with the South but kept the only road between the two countries [ READ MORE ]

Euro Rangebound But Pressure Persists

A mild risk rally in Asian session spurred by a 3% gain in the Shanghai index quickly evaporated by the time European dealing began with EUR/USD falling through short term support at 1.2450 by mid morning trade. Risk FX rallied into the Asian close as Chinese stocks rose on speculation that the PBOC [ READ MORE ]

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