By ForexYard - The Dollar continued its freefall against all the major currencies despite positive housing data figures...
U.S Economy Awaits ADP Non Farm Employment Figures
Source: feedproxy.google.com
- Tags:
- Forex
- Figures
- Employment
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Gucci Loses Asia Market Share to Coach, Making Its French Owner Suffer
PPR, the French owner of top-end luxury retailers like Gucci and YSL, dropped 3.3% yesterday. This was because of the disappointing Gucci...
ONS estimates that UK Q1 GDP will be revised lower by 0.3%
The ONS have now come out with an estimate on how much the awful Q1 construction output data will take off Q1 GDP. They say that it will take off 0.3 % points whuch would put the figure at -2.2% from -1.9%. The market is focused on Q2 and beyond now though. Cable is enjoying a breather after the...
Quiet London session as markets focus on US Payrolls
UK Pensions Minister James Purnell resigns and calls on Prime Minister Gordon Brown to quit too. UK Q1 Construction output falls 9 % q/q, ONS likely to revise Q1 GDP to -2.2% from -1.9% as a result. UK PPI meets expectations, factory costs fall at sharpest rate in 7 1/2 years. Swiss inflation...
Public holiday in Australia should ensure quiet session for AUD
I have heard of some stop-losses building below .7875 in the AUD/USD but with Australia closed for a public holiday, these will probably be safe until Europe step in. An interim top now looks to be in place at .8250 and the first big technical support level is a 38.2% pullback at...
EURUSD’s bearish movement extends to 1.2144
EURUSD’s bearish movement extends further to as low as 1.2144 level. Deeper decline is still possible later today and next target would be...