By MoneyMorning.com.au The silver price has always been volatile. It hit an end-of-trade high in Aussie dollars of $44.31 in April. Today it’s...
Neighbourhood Cat Reveals “What’s Next” for Silver
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USD still weak as JPY and AUD lead the way
Surprisingly strong consumer confidence numbers are supporting the AUD/USD and flows are affecting USD/JPY as the weakness in the USD from overnight shows signs of continuing. There is talk of some decent selling interest in the EUR/USD at 1.4100 but trailing stops are also said to be increasing...
Beijing’s derivative default stance rattles banks
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Swiss National Bank Keeps Monetary, Currency Policy Unchanged
The Swiss National Bank kept its target for the 3-month franc LIBOR steady at 0-0.25 percent, and reaffirmed its commitment...
Euro zone August industrial production +0.9% m/m
Euro zone August industrial production has come in at +0.9% m/m, -15.4% y/y compared to median forecasts of +1.2%, -15.5% respectively. EUR/USD continues to see good buying interest on any dips, presently up at 1.4905 having been as high as 1.4909. As mentioned earlier, mixture of stops/sell orders...
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...