EUR-USD It can be seen that the last candle stick supported on the level of 1.3860, however, produces Japanese pattern, which signifies the end of an...
Daily Market Review 16.03.2011
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EUR/USD Up on Signals of U.S. Economy Revival
EUR/USD went up today after the yesterday’s decline as the U.S. fundamental reports showed some optimism for the global economy revival and the traders favored yield more than risk. It’s now trading near 1.4043. Retail sales were reported with a growth...
New York forex wrap-up; Risk equaled reward, for a time
US weekly jobless claims fall to 601,000 , -24,000 US retail sales rise 0.5%, ex-autos rise 0.5%. Gasoline price rise impacts IMF raises 2010 GDP outlook for the US to 2.4% from 1.9% French official: Keeping eye on currency market; volatility hurting economy Volcker: No practical alternative to the...
European Central Bank Holds Rate at 1.00%
The European Central Bank (ECB) held its Main refinancing operations rate unchanged at 1.00%. ECB governor, Mario Draghi,...
New York forex wrap-up; Dollar holds gains but not all
Fed unlikely to add to Treasury purchases, slow pace of existing program: WSJ Trichet: High level of uncertainty remains; prudent on economic outlook US import prices rise 1.3% in May, down 17.6% y/y BOE’s Dale: Inflation targeting should be “enhanced” German tax revenue falls...
China Company Suing Apple Willing to Talk About Settlement
The Associated Press reports that a lawyer for a Chinese company suing Apple (NASDAQ:AAPL) in China on the use of the iPad trademark pointed out...