12:15 GMT – CAD – Housing Starts - Number of new residential buildings which began construction during the previous month. - Released monthly, but in an annualized format. - Figure is forecast to rise from last month to 127K from 118K. - Could have a positive impact on the CAD if forecast is accurate. Gold Tips: - Gold prices just breached the lower border in the recent uptrend. - If prices hit $950, a downtrend may occur – target $940. - If prices fail to go below $955, price may rebound upwards and continue trend – target $990. Crude Oil Tips: - Crude Oil prices are in a steady uptrend. - Price has begun larger fluctuations, but continues to range-trade. - Today’s low and high price may be near $68 and $70, respectively.
Daily Forex Tips - June 8th 2009
Source: www.forextvblog.com
Read more...
Chinese banker wants Yuan debt markets developed
Guo Shuqing is chairman of the China Construction Bank and former head of China’s foreign exchange administration. He is quoted in this Reuters report as calling for mutual cooperation between the US and China in developing China’s financial markets and in ensuring that the Yuan becomes...
Ministers meet to sign off Greek cash
Euro zone finance ministers meeting in Brussels are set to sign off on the second bailout package for Greece and shift their focus to Spain which...
Will British Inflationary Data Hold as Expected?
Source: ForexYard Tuesday’s publications of heavy inflationary figures from Great Britain are by and large forecasting stability. Set to be...
FOREX VIDEO - New York Session Review - August 20, 2009
Capital preservation ruled during today’s New York session. Curt Wehrley FX Bootcamp’s Quantitative...
Asian CB seller of AUDUSD above 81c
I have just been told that an Asian Central bank has been a seller of AUD above 81c over the last 10 minutes. Looks 8130 may cap it in Asia...