Forex market news: there’s a long and winding road ahead Forex Trading: The Chinese stock market has all but collapsed the past several weeks, falling off nearly 25% in a six week span overall capped by a 6.7% drop yesterday. The causes for concern in the Forex world relate specifically to the Dollar. As you might recall from several weeks ago, I spoke of the Chinese selling off some of their US treasuries and diverting that money to support their commodity purchases. This tactic is proving to be detrimental to the short term stability of the Chinese economy as with the information on the stock exchange shows that industry is not moving which means the metals and durable…. Click Here to Read More
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Posts Tagged ‘ahead’’
Forex market news: there’s a long and winding road ahead
March 4th, 2011 
kk 
Posted in Forex Information 
Tags: ahead', Forex, long, market, News, Road, there's, winding 
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Sterling dips on profit-taking ahead of US jobs data
February 5th, 2011 kk Sterling dips on profit-taking ahead of US jobs data * Sterling dips on profit-taking, focus on U.S. jobs data * Halifax 0.8 pct Jan house price rise above forecasts * Pound supported as markets look for BoE rate hike in May LONDON, Feb 4 (Reuters) – Sterling … Read more on Reuters UK Focus via Yahoo! UK & Ireland Finance USD/CHF Classical 02.03 USD/CHF: Although the market remains under some intense pressure with the latest declines stalling just shy of the late 2010 record lows at 0.9300, inability to establish fresh record lows on Wednesday followed by a break back above 0.9400 leaves us somewhat constructive with our outlook from here. Read more on Daily FX The Rosen…. Click Here to Read More
FX OUTLOOK-Euro paces best week since March 2009; gains ahead
January 15th, 2011 kk FX OUTLOOK-Euro paces best week since March 2009; gains ahead * Euro up 3.8 percent this week vs dollar, more gains seen * Euro notches best week vs dollar since March 2009 * Euro technical factors positive for support and advance (Recasts, adds comments) NEW YORK, … Read more on Reuters UK Focus via Yahoo! UK & Ireland Finance Aussie dollar opens slightly higher The Australian dollar opened slightly higher after a relatively flat offshore session. Read more on BigPond News Australia shares open 0.8 percent higher MARKETS-AUSTRALIA-STOCKS (UPDATE 1):Australia shares open 0.8 percent higher Read more on Yahoo!7…. Click Here to Read More
Posted in Forex News Tags: 2009, ahead', best, gains, March, OUTLOOKEuro, paces, Since, Week No Comments »
Global stocks steady ahead of US housing news
December 29th, 2010 kk Global stocks steady ahead of US housing news Global stocks traded in narrow ranges Tuesday in holiday-thinned trading conditions but investors continued to keep a close watch on developments in China following a recent interest rate increase and ahead of a closely watched U.S. housing survey. Read more on AP via Yahoo! Finance GBPUSD and GBPJPY are Tempting Despite Problematic Trading Conditions There was a lot of volatility Tuesday; but once again, little in the way of true direction. The biggest drive for the day would come via a massive effort to sell the US dollar. Read more on Daily…. Click Here to Read More
Forex: EUR/JPY mildly higher ahead of BOJ decision
November 6th, 2010 kk Forex: EUR/JPY mildly higher ahead of BOJ decision FXstreet.com (Córdoba) – After setting a fresh monthly high at 115.40 during Thursday’s European session, EUR/JPY failed to sustain the upside momentum and retreated toward the 114.40 to finally end the NY session at 114.69 just 8 pips above its opening price. Read more on The Forex Market Forex: EUR/AUD – Lowest closing since late Sept FXstreet.com (Barcelona) – The Australian Dollar was benefited by a late US impulsive run against the EURO on Thursday, recovering initial losses to end the session firm at 1.3995, a 0.40% higher compared to its previous close. Read more on The Forex Market FOREX-U.S. dollar tumbles;…. Click Here to Read More
FOREX: US Dollar Recovery Hinted Ahead of Q3 GDP Report
November 1st, 2010 kk FOREX: US Dollar Recovery Hinted Ahead of Q3 GDP Report The Euro and the British Pound edged lower, down 0.3 and 0.1 against the US Dollar as the greenback capitalized on a risk-averse environment in overnight trade (see below). Read more on Daily FX Forex: USD/CHF dips from 0.9900 to 0.9850 after GDP FXstreet.com (Barcelona) – Dollar recovery from yesterday low at 0.9800 has been capped at 0.9905/10 area, as the Dollar has dropped about 55 pips lower, to 0.9850 after the release of weaker than expected US Gross Domestic Product. Read more on The Forex Market Forex: USD/JPY struggling against 80.85 resistance FXstreet.com (Barcelona) – Dollar retreat from 82.00 high on…. Click Here to Read More
Forex: CAD gains on risk-taking, ‘big move ahead’ – Deltastock
March 9th, 2010 kk Forex: CAD gains on risk-taking, ‘big move ahead’ – Deltastock FXstreet.com (London) – USD/CAD is off around 50 pips from earlier session highs as the return to risk seemed to hold in place. Oil, gold and global equities markets all pushed up today taking back losses from an overnight drift south. Read more on The Forex…. Click Here to Read More
