Currency News
FXstreet.com: Fundamental
Sentiment Improves as ECB May Make Concession on Greek Debts (Thu, 09 Feb 2012)Financial markets waxed and waned on Greek bailout fund and the PSI deal. A step closer to the new tranche of funding as the debt-ridden government agreed to cut minimum wage by 20-22%, reduce public service job by 15 000 and lower pensions. The EU/IMF/ECB troika remained scheduled to hold a meeting at 6 pm in Brussels tomorrow to discuss the Greek rescue package. Germany's Deputy Finance Minister Steffen expressed his disappointed in Greece, saying the country had made little progress since
>> read more
Greek govt coalition talks inconclusive; Troika draft drawn (Thu, 09 Feb 2012)
The Greek govt coalition talks on austerity measures ended past midnight time with no deal, according to sources. Greek political chiefs appear to disagree over pension cuts but seem to have agreed on cutting youth minimum wage by 30+%. Greek Premier crossed the wires saying outstanding issue needs further work, discussion to continue on these iussue, believed as mentioned to be pension reforms. According to the Greek PM press ofice: "The Prime Minister and the political leaders met and
>> read more
Crude rose past 98 (Wed, 08 Feb 2012)
Crude rose past 98 and might test 100 while above 98. Gold rose from near 1700 and might test 1775 and then 1800 in the next sessions. Silver is trading in between 33.00 to 34.50.
>> read more
Dow rose 0.26% (Wed, 08 Feb 2012)
The Dow rose 0.26% and the NASDAQ rose by 0.07%. The DJIA has key support at 12780. We might test 14000 over the coming sessions. The Nikkei rose 0.70%, Shanghai was up 0.15%, Hong Kong rose by 0.50%, Taiwan increased 1.50% and Australia rose 0.23%.
>> read more
Aussie trading between 1.0765 to1.0825 (Wed, 08 Feb 2012)
The Euro has broken its sideways range of 1.3000 to1.3200 might test the 21 Day MA and resistance level at 1.3340. The Aussie trading between 1.0765 to1.0825 after recovering from 1.0700. Cable might test the 200DMA at 1.5934 next. USDJPY might test 77.30 then 77.50 if it moves above 77.00. USDCHF dropped off a bit but is still ranged from 0.9100 to.9250.
>> read more
DailyFX -
Euro Refuses Trend after Greek Announcements, ECB Decision Up (Thu, 09 Feb 2012)Though we are naturally skeptical of any deadlines or promises made on the account of a Greek bailout or bond swap, the news out of this previous session was more notable than what we have seen as of late.
>> read more
Major Currencies Unfazed as Chinese Inflation Unexpectedly Jumps (Thu, 09 Feb 2012)
The major currencies largely ignored an unexpected jump in Chinese inflation as the spotlight remained on Eurozone-related issues.
>> read more
Guest Commentary: Walk Before You Run (Thu, 09 Feb 2012)
If you are new to forex trading, taking things slowly and gradually will help you not only survive, but will also increase your chances of long term success.
>> read more
EURUSD and GBPUSD for ECB and BoE Decisions or EURGBP? (Thu, 09 Feb 2012)
Having moved in fits and starts, the Euro and British pound may finally find a catalyst with enough influence to stir the market.
>> read more
Yen Falls as Japanese Economic Data Falters More than Expected (Thu, 09 Feb 2012)
The Japanese Yen fell after economic data showed a weaker manufacturing sector than the market expected.
>> read more
Financial Times - Currency Markets News and Data
Euro strengthens despite delay on Greek deal (Wed, 08 Feb 2012)The euro climbs against the dollar in spite of a further delay to a Greek debt deal, although investors still expect a positive outcome
>> read more
Euro nears six-week high (Tue, 07 Feb 2012)
Australian dollar moves sharply higher after the Reserve Bank of Australia surprises the market by leaving its main rate at 4.25 per cent
>> read more
Forex bulls look to US neighbours for profit (Tue, 07 Feb 2012)
Traders are buying the Mexican peso and Canadian dollar against the euro with the countries best-placed to gain from the a growing US economy
>> read more
Avoiding EM economies is the biggest gamble of all (Tue, 07 Feb 2012)
The most likely path for unwinding global imbalances is through appreciation of emerging market currencies, writes Jerome Booth
>> read more
China gold imports from HK surged in 2011 (Tue, 07 Feb 2012)
China’s gold imports from Hong Kong more than trebled in 2011 from the year before, hitting a record 428 tonnes as savers sought to hedge against inflation
>> read more
Commodity Online Forex Reports
Euro to remain lower on debt worries (Mon, 06 Feb 2012)The Euro is expected to trade with a negative bias today, on the back of escalating worries with respect to Europe and rsquo;s debt crisis coupled with dollar strength.
>> read more
India rupee to weaken on firm US dollar index (Mon, 06 Feb 2012)
On account of rising concerns over Euro Zone debt worries, we expect dollar to remain strong today. Taking cues from this, the Indian Rupee is expected to trade with a depreciation bias today.
>> read more
British pound to trade down on global economic concerns (Mon, 06 Feb 2012)
We expect the Pound to trade lower today, on account of concerns over global economy along with mixed sentiments in the markets.
>> read more
Japanese yen to appreciate on global cues (Mon, 06 Feb 2012)
The Japanese Yen is expected to trade with an appreciation bias on the back of rise in risk aversion in the global markets which will fuel demand for the low-yielding currency.
>> read more
India rupee to drop in unison with domestic shares (Fri, 03 Feb 2012)
We expect the Indian Rupee to come under pressure today, on the back of poor sentiments in the global markets which will lead downside in domestic equities too. Additionally, a stronger dollar will also act as a negative factor for the currency.
>> read more
World News Headlines
Financial Times - World
Chinese inflation jumps to 4.5% (Thu, 09 Feb 2012)Chinese inflation jumped in January, breaking a streak of five straight monthly declines, due to rising food prices ahead of New Year
>> read more
Greek leaders ready to back austerity deal (Wed, 08 Feb 2012)
Lucas Papademos holds critical meeting with leaders of national unity government to approve a further €3bn of extra savings
>> read more
Putin gives clue to veto of Syria sanctions (Wed, 08 Feb 2012)
Russian PM warned that Moscow must not let the uprisings of Libya and Syria be repeated in Russia
>> read more
US banks near historic deal on foreclosures (Thu, 09 Feb 2012)
Regulators are expected to announce a nearly 50-state settlement, worth up to $39.5bn, that would resolves allegations that five leading banks systematically abused borrowers
>> read more
US deal on tax reporting rules eases foreign bank fears (Wed, 08 Feb 2012)
Treasury allows banks in some European countries to submit information on US account holders to their own governments
>> read more