USDCHF stays in a trading range between 1.0461 and 1.0624. Support is at 1.0461, as long as this level holds, another rise to re-test 1.0675 key...
USDCHF stays in a trading range between 1.0461 and 1.0624
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GBP/USD Continues its Recovery after Positive Manufacturing Production
By Fast Brokers - The Cable has jumped over our 2nd tier downtrend line as investors celebrate a better than expected manufacturing...
Oh no! Another Canadian election?
I doubt it. Canadian voters have been to the polls more than the Italians in recent years and have very little appetite for a return trip. Nonetheless, the Liberals are threathening to bring down the Tories unless they relent to demands for amended jobless benefits. Just one more layer of risk,...
Central Bank of Nigeria Holds Policy Rate at 12.00%
The Central Bank of Nigeria maintained its monetary policy interest rate at 12.00%. The Bank also held the cash reserve ratio...
Chinese banker wants Yuan debt markets developed
Guo Shuqing is chairman of the China Construction Bank and former head of China’s foreign exchange administration. He is quoted in this Reuters report as calling for mutual cooperation between the US and China in developing China’s financial markets and in ensuring that the Yuan becomes...
Dollar Gains on Unexpected Employment Data
EUR/USD declined today as the unexpected data on the May employment market situation surprised and confused the Forex traders. After growing during the early trading session, EUR/USD is now trading at its June’s low near 1.3965. Nonfarm payrolls decreased by 345k...