By Russell Glaser – The EUR/USD has been testing the 200-day moving average line. Following yesterday’s decline in the price combined with...
EUR/USD Targets 200-Day Moving Average
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Slightly steadier picture in Baltics will also be helping euro
Things are looking a little steadier in the Baltics, which will be lending the euro some support. The Lat has seen some improvement this morning, as the market awaits news that the Latvian cabinet has agreed to slash 500 mln lats of public spending in 2009. Confirmation of the cuts is expected to...
Monetary Policy Week in Review – 17 March 2012
The past week in monetary policy saw 13 central banks reviewing policy settings, with 3 banks changing rates; Vietnam -100bps to 14.00%,...
Dollar loses ground as the fear of early Fed rate hikes recedes
10 US banks given the go ahead to start paying off the TARP money. US Wholesale inventories fall 1.4% in April to reach their lowest level since September 2007 US Wholesale sales fall 0.4% in April to reach their lowest level since November 2005 US IBD Economic optimism rises to 50.8 in June from...
Lockhart unsure whether supports more Fed bond buys
Atlanta’s Lockhart says he’s unsure whether to support further buying of Treasuries by the Fed. He’s concerned that housing demand will be hurt by rising rates. One factor will be sentiment on debt monetization, something he opposes. Given how well buying Treasuries worked in...
USDCHF formed a cycle top at 1.0794
USDCHF formed a short term cycle top at 1.0794 level on 4-hour chart. As long as the channel support holds, the pair...