Forex: GBP/USD downside correction from 1.6000 reaches 1.5770

Source: community.nasdaq.com

FXstreet.com (Barcelona) - Pound's recovery from 1.4200 area on late May, halted at 1.6000 psychological resistance area on Friday and, unable to rally ...See all stories on this topic »


Read more...

  • Fed’s Bullard ‘cautiously optimistic’ on H2 growth

    Spreads are coming back toward normal but are not yet at pre-crisis levels, St Louis Fed president Bullard says. High long-bond yields are both a reflection of inflation fears and optimism on the economy, he says. The risks of a Japanese-style deflation trap are receding, he says. The Fed is...

  • Central Bank News Link List – 18 May 2012

    By Central Bank News Here's today's Central Bank News link list, click through if you missed the previous central bank news link...

  • Lockhart sees second-half recovery; Fed will meet inflation objective no matter the environment

    Atlanta Fed President Lockhart, a relative hawk, frets that some of the bond rate back up in recent weeks is tied to the fear that the Fed will monetize the debt. He warns that fiscal imbalances will make the Fed’s pursuit of stable growth and prices more difficult. US equities are firmer and...

  • China May Trade Surplus $13.39 Bio

    China’s May Trade surplus $13.39 bio, less than the forecast $14.3 bio. May Exports -26.4% year on year. Forecast was -23.2%. Seasonally adjusted, exports rose 0.2% in May from April and Imports rose 4.4%. May Imports -25.2% yoy. Forecast was for a reading of...

  • European Morning Forex Wrap Up; cautious start to the week

    ECB’s Nowotny: Level of euro isn’t a major threat right now. It merits scrutiny but no immediate action France’s Finance Minister Lagarde reiterates we all want a strong dollar Japan PM Hatoyama: Does not think Japanese economy has turned around despite fall in Japan’s...