Sterling hit a seven-month high against a broadly weaker dollar on Tuesday as surprisingly strong figures on the US housing market fuelled speculation the ...
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Forex Daily Analysis
Source: www.forexhound.com
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Biden: Obama to ramp up stimulus on Monday
It is unclear whether they are looking for more money or are shifting spending from the “out years” into this year. Given that the economy looks like it is recovering organically (with a big assist from the Fed), the stimulus will likely come too late to help much, as...
USD/JPY takes out option interest and bounces strongly from noted technical support
In a flurry of activity the 95.00 option interest was blown away with USD/JPY slumping to test noted technical support. The 94.86 level, the base of the ichimoku cloud, however provided robust support and we’ve bounced quickly back above 95.00 to 95.20 at...
Indian Stock Market: Forex reserves increase from tourism
Forex reserves increase from tourism. Government has earned more foreign exchange from tourism in May this year as compared to the same period during 2008. Foreign exchange earnings from tourism were Rs 3249 crore in May this year as ... Indian Stock Market -...
Stocks staging late day rebound
US equities have traded lower all day but are rebounding nicely late in the session, down only 0.3% after being down over 1% most of the day. Oil prices have turned up as well, helping undermine the grrnback a bit. EUR/USD has bounced to the 1.39 level once...
Bank of Mauritius Holds Repo Rate at 5.50%
The Bank of Mauritius held its benchmark interest rate unchanged at 5.50%. The bank said it “noted that global...