The euro depreciated vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.2670 level and was capped around the $1.2765...
Forex Daily Market Commentary
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Central Bank of Nigeria Keeps Policy Rate on Hold at 12%
The Central Bank of Nigeria maintained its monetary policy interest rate at 12.00%. The Bank also held the cash reserve ratio...
USD drifting lower heading into Tokyo open
The USD is uniformly lower early in the session and it is difficult to see where the buy-dollar signals are going to come from. Order books are fairly clear in the EUR/USD until 1.4200-10 where some Sovereign offers are touted. There is also said to be good selling interest in the AUD/USD at .8250...
China May Industrial Output +8.9%, Retail Sales on year +15.2%
As Leaked to the press the other day, China’s May Industrial Output came in at +8.9%. Forecast was +7.5%. The data provides further confirmation that the governments spending and partial recovery in exports are proving supportive for manufacturers. Retail Sales +15.2% yr/yr. Market...
Deal on Greek Debt May Be Reached Today
Source: ForexYard Following a hectic several days last week that saw the euro drop to a three-week low against the US dollar, the common currency...
GBPUSD broke above price channel
GBPUSD broke above the falling price channel on 4-hour chart, suggesting that a cycle bottom had been formed at 1.5962 level. Further rise...