Written by ForexCycle.com AUDUSD’s bounce from 0.8734 extended further to as high as 0.8992 level. Support is now located at the rising trend...
AUDUSD’s bounce extended to 0.8992 level
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Daily Forex Tips - June 9th 2009
10:00 GMT: EUR - German Industrial Production: - This indicator reflects the change in the total inflation-adjusted value of output produced by manufacturers, mines, and utilities. - It’s a leading indicator of economic health - production reacts quickly to ups and downs in the business...
Euro Rises as Greek Lawmakers Approve Bailout Accord
By TraderVox.com Tradervox (Dublin) - Euro advanced against the yen and the dollar today, after the Greek Prime Minister Lucas Papademos...
Philippines Central Bank Keeps Policy Rate at 4.50%
The Bangko Sentral ng Pilipinas kept its overnight borrowing rate unchanged at 4.50% and the overnight lending rate at 6.50%, and...
Interesting look at economic sausage-making
One interesting nugget in this behind-the-scenes view of economic policy-making in the Obama Administration is the view that Ben Bernanke just might be reappointed when his term is up in...
Dollar comes under renewed pressure as short end of US Yield curve sheds gains
The short end of the US Yield curve is shedding some of the gains seen since the Payroll report, with Dec Eurodollar futures rising by around 14 basis points so far this morning as the market moves away from expecting early US rate hikes. Some quite horrible weekly Redbook sales data, down 4.4% y/y...