Daily Forex Commentary 9/8/2010

Source: au.ibtimes.com

:: Australian Dollar: Friday's release of the RBA Monetary Policy statement swayed little from the recent central bank rhetoric with a relatively neutral ...See all stories on this topic »


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  • Gold Prices Set to Decrease

    Source: ForexYard • Below is the 4-hour chart for the Gold by ForexYard. • The indicators used are the MACD, Slow Stochastic and RSI. • Point 1:...

  • USD Sinks and Stocks Fall As Oil and Gold Appreciate

    By Michael Trinkle, ForexTraders The turmoil in the Middle East is continuing to prevent a return of normalcy to the regions affairs and inflating oil and gold prices dampening market sentiment. This is all the more evident in the rest of the world outside of the U.S., since American investors...

  • Beige Book still downbeat; Weak or worsening conditions thorough May

    No green shoots to speak of in the Beige Book. Conditions weak or worsened through May Expectations improved but big gains in activity not expected through year-end Labor markets stayed weak Wages falling or flat Residential real estate still weak Retail sales soft credit improved 5 of 12...

  • Bank of Korea Keeps Interest Rate at 3.25%

    The Bank of Korea maintained its 7-day repurchase rate unchanged at 3.25%.  The Bank said: “In Korea, exports have shown...

  • USDJPY trades higher

    USDJPY has overcome the offers at 97.50-60 to take out small stops above 97.60. Its still looking bid after the morning market seems to have got itself short trying to trigger sub 97.00 stops. Look for an attempt at 98.00 going into...