By Fast Brokers - Gold broke beneath the neckline today, or our previous 2nd tier uptrend line, and is collapsing down towards [...]
Gold Leads the Way Down
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French industry output data much worse than expected
French April industry output fell a hefty -1.4% m/m, much worse than expected, versus median forecast of -0.2%. Data has dented risk appetite a little, with EUR/USD falling back below 1.4100 to 1.4085 at writing. Cable is back below 1.6400 at...
USD Retreats vs. Riskier Currencies, Sees Gains against JPY
Source: ForexYard The US dollar saw a mixed trading day today, as positive news boosted risk taking in the marketplace which led to gains...
Australia’s Trade Surplus Diminishing? Look Again
Source: ForexYard The report out by the Australian Bureau of Statistics this morning gave traders the impression of a country facing...
Japan MOF: G8 may discuss exit strategies
A senior MOF official said today that finance ministers from the G8 may discuss exit strategies from extraordinary policy steps taken to combat the global crisis. He went on to say that he doesnt think Latvia will be a major topic at the G8 this...
Daily Market Wrap: January 25, 2012
An announcement from the Federal Reserve gave the markets a bit of a boost, as investors took in the news that interest rates would not be...