Fundamental Outlook at 1400 GMT (EDT + 0400)

Source: feedproxy.google.com

By GCI Financial - The euro appreciated vis-à-vis the U.S. dollar today as the single currency tested offers around...


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  • Cable touch firmer early

    Cable is a little firmer in early European trade, presently at 1.6345. General risk sentiment is in pretty good shape, while the USD is struggling as the realisation grows that we’re not likely to see an early US rate hike. Recent improved UK housing data and PM Brown’s political...

  • EUR/USD trying to steady at lower levels

    EUR/USD is trying to steady at lower levels, presently at 1.3850. Last heard reports of China buying up around 1.3880/90 and gotta think they’ll be sniffing around again in the low 1.38’s, although haven’t heard of them being in again as yet. Stocks are trying to claw back some of...

  • USD/JPY Consolidates With High Volatility

    By Fast Brokers - The USD/JPY is exhibiting some interesting consolidative volatility while bouncing between our 2nd...

  • All together now: Reserve status secure

    I missed this the first time around, but the IMF’s number 2, John Lipsky, says the dollar will retain its reserve currency status for “as far as we can see”. After weeks of talking down the greenback, officials from BRIC countries have begun to back-pedal as well, and the dollar...

  • China’s Jan-May vehicle sales up 14.3% y/y - Xinhua

    China’s vehicle sales rose 14.3% in the January-May period from a year earlier, Xinhua news agency reports. China Association of Automobile Manufacturers said a total of 4.96 mln vehicles were sold during the first 5 months of 2009, with sales in May totalling 1.1 mln. That sure is a lot of...