FXstreet.com (San Francisco) - USD/CHF has been consolidating above the 0.9100 level for the last week and the paring is trading with a moderate bid tone as it hovers just below the 23.6 fibo resistance of the 0.9592/0.9113 selloff, last at 0.9215, ...See all stories on this topic »
Forex: USD/CHF lifted above 0.9200
Source: www.google.com
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Canadian Unemployment numbers disappoint
Canadian Payroll data came in worse than expected at -41.8 k worse than the forecast of -33k. The Unemployment rate was also higher than expectations at 8.4%, the highest level in 11 years, rather than the 8.2% forecast.Usd/Cad bounced sharply on the news moving up to 1.1035 from 1.1010 before the...
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...
Not happy, Rio!
This article from the English version of the Xinhua newspaper shows just how upset the Chinese are at Rio pulling out of it’s agreed deal. Trust, once lost, is very difficult to regain and there may be wider repercussions for the Australian mining...
Forex Daily Tips - June 3rd 2009
12:15 GMT: ADP Non Farm Employment · Monthly economic indicator used to measure the change in the number of employed people, excluding the farming industry. · This release tends to create either big changes to current trends or push current trends even further. · The release of the survey...
FOREX VIDEO | NEW YORK SESSION REVIEW | June 1, 2009
When considering the GBP/JPY price action through the first five months of this year, the story of the mythical phoenix comes to mind. A currency pair virtually burned to virtual ashes in last year’s deleveraging, has seemingly come back to life. Today, on the back of positive China and US...