The CAC 40 is among the best performing indices in Europe, which makes modest gains despite softer eurozone data across the eurozone
-
Fiat gains despite Fitch warning
May 24 2012, 9:42pm | Comments »
-
Swiss franc strength tests SNB
Currency briefly hits weakest level against the euro in over two months, but unexpectedly swings higher in response to eurozone crisis
May 24 2012, 9:25pm | Comments »
-
FOREX-Euro edges up after hitting nearly 2-year low
- German manufacturing PMI, Ifo surveys weak, weigh on euro * Concerns of potential Greek exit add to bearish outlook * Break below $1.25 could see move towards 2010 low By Gertrude Chavez-Dreyfuss NEW YORK, May 24 (Reuters) - The euro edged up from ...See all stories on this topic »
May 24 2012, 9:03pm | Comments »
-
Investors eye new lows as euro tumbles
Some believe a disorderly Greek exit, in which a firewall falls short of what is needed, could push the single currency to near parity with the dollar
May 24 2012, 9:02pm | Comments »
-
Iran Hopes to Export Electricity to Cover for Reduced Oil Demand
Against the backdrop of discussions about pending negotiations over its controversial nuclear program and the upcoming deadline of an European...
May 24 2012, 9:00pm | Comments »
-
EUR/USD Flat After Reaching 22-Month Low
EUR/USD was flat after earlier today it reached the lowest level since July 2010. The euro was continuously declining since the beginning of May as the possibility of Greece’s exit from the eurozone was becoming more and more material. As for news from the United States, durable goods orders grew slower than …
May 24 2012, 7:11pm | Comments »
-
Indian Economy – A Basket of Business Opportunities
The population of India is estimated at over 1 billion, and continues to grow every year. The Indian economy is the fourth largest economy of the...
- Tags:
- Forex articles
May 24 2012, 6:50pm | Comments »
-
Weekly Forex Market Forecast (May 21st – May 25th 2012)
By Michael Trinkle, ForexTraders Key Fundamental Forex Events and Forecasts for the Coming Week The following table lists the key economic data and other events that are due out during the week of May 21st – May 25th, with release times displayed for the GMT time zone. The list also includes the current market consensus forecast for each event and indicates what sort of deviation might affect the forex market valuation of the indicated currency positively. Monday, May 21st
All Day CAD Bank Holiday
Tuesday, May 22nd
4:00am NZD Inflation Expectations q/q 2.5% 9:30am GBP CPI y/y 3.1% 3.5% 9:30am GBP Public Sector Net Borrowing -5.4B 15.9B Tentative GBP BOE Inflation Letter 3:00pm USD Existing Home Sales 4.64M 4.48M
Wednesday, May 23rd
Tentative JPY Monetary Policy Statement Tentative JPY Overnight Call Rate <0.10% <0.10% Tentative JPY BOJ Press Conference 9:30am GBP MPC Meeting Minutes 0-0-9 0-0-9 9:30am GBP Retail Sales m/m -0.7% 1.8% 1:30pm CAD Core Retail Sales m/m 0.6% 0.5% 3:00pm USD New Home Sales 335K 328K
Thursday, May 24th
3:00am NZD Annual Budget Release 3:30am CNY HSBC Flash Manufacturing PMI 49.3 9:00am EUR German Ifo Business Climate 109.5 109.9 9:30am GBP Revised GDP q/q -0.2% -0.2% 1:30pm USD Core Durable Goods Orders m/m 1.2% -0.8% 1:30pm USD Unemployment Claims 374K 370K
Friday, May 25th
Tentative USD Treasury Currency Report
Technical Forecast and Levels to Watch for the Majors This Week EURUSD: Mildly Higher Resistance:Initial: 1.2886, 1.2904, 1.2946/94, 1.3000/55, 1.3133/59, 1.3211/24, 1.3251, 1.3269, 1.3284/92, 1.3321, 1.3376/85, 1.3433 and 1.3485/95.Above: 1.3546/68, 1.3614, 1.3795/98, 1.3836, 1.3969, 1.4000, 1.4246, 1.4500/17, 1.4695 and 1.4939. Support:Initial: 1.2857/77, 1.2623/65, 1.2588, 1.2456, 1.2329, 1.1938 and 1.1876.Below: 1.1639, 1.0762, 1.0206, 0.9599/0.9607, 0.9338, 0.8410, 0.8347 and 0.8225. USDJPY: Mildly Higher Resistance:Initial: 79.05, 79.40/43, 79.52, 79.64, 79.96/80.22, 80.56/61, 80.82, 81.14/46, 81.76/96, 82.01/22, 82.53, 82.64, 83.01/09, 83.17, 83.37, 83.77 and 83.96.Above: 84.09/17, 84.51, 84.80, 85.51, 85.92, 87.11/13, 87.95, 93.77 and 94.97. Support:Initial: 78.99, 78.66, 78.06/28, 77.00/89, 76.73/83 and 76.02/41.Below: 75.94/98, 75.70 and 75.56. GBPUSD: Mildly Higher Resistance:Initial: 1.5890, 1.5907, 1.5921/27, 1.5983/90, 1.6035, 1.6061/66, 1.6075/80, 1.6092, 1.6109, 1.6182/98, 1.6297, 1.6301, 1.6452/56 and 1.6474.Above: 1.6546, 1.6570, 1.6589/98, 1.6616, 1.6741/45 and 1.6876. Support:Initial: 1.5804/07, 1.5781, 1.5732, 1.5717, 1.5685/91, 1.5668, 1.5643/47, 1.5624/29, 1.5601 and 1.5516/85.Below: 1.5465/99, 1.5422, 1.5410, 1.5375, 1.5293, 1.5270/77, 1.5232, 1.5123 and 1.5000. AUDUSD: Mildly Higher Resistance:Initial: 0.9861/63, 0.9900, 0.9925/83, 1.0000/18, 1.0052, 1.0100/16, 1.0216/66, 1.0303/84, 1.0422, 1.0444/51, 1.0474/98, 1.0508, 1.0556, 1.0596, 1.0608, 1.0627/38, 1.0654, 1.0668/70 and 1.0686.Above: 1.0751/53, 1.0792/98, 1.0842, 1.0854, 1.1010, 1.1064 and 1.1079. Support:Initial: 0.9794, 0.9732, 0.9620/89, 0.9536/41, 0.9500 and 0.9486.Below: 0.9382/86, 0.9341, 0.9329, 0.9221, 0.8915, 0.8734, 0.8578 and 0.8066/81. USDCAD: Mildly Lower Resistance:Initial: 1.0220/32, 1.0262/87, 1.0297, 1.0302 and 1.0334/37.Above: 1.0415/23, 1.0438, 1.0481, 1.0500, 1.0506, 1.0522, 1.0646/56, 1.0669 and 1.0742/85. Support:Initial: 1.0207, 1.0160/99, 1.0105/42, 1.0018/78, 0.9997, 0.9969, 0.9947/54, 0.9924/27, 0.9906, 0.9828/99, 0.9799, 0.9796, 0.9789 and 0.9724.Below: 0.9686, 0.9645, 0.9525, 0.9445 and 0.9405. NZDUSD: Mildly Higher Resistance:Initial: 0.7568, 0.7605/72, 0.7723/95, 0.7804/88, 0.7906, 0.7955, 0.7979, 0.7993/96, 0.8057/99, 0.8109/35, 0.8204, 0.8227, 0.8240/62, 0.8279 and 0.8294.Above: 0.8317/95, 0.8405, 0.8420/27, 0.8504, 0.8571, 0.8764 and 0.8841. Support:Initial: 0.7552, 0.7521, 0.7500, 0.7404/67, 0.7369, 0.7342, 0.7321, 0.7189, 0.7115, 0.7099 and 0.7000.Below: 0.6945/62, 0.6793, 0.6686, 0.6560, 0.5914/28, 0.5012, 0.4890, 0.4485, 0.4451 and 0.3909. More articles from ForexTraders….
- Tags:
- Currencies
May 24 2012, 6:35pm | Comments »
-
Talking point: is yen still best haven?
After wobbles related to the recent sovereign rating downgrade, the Japanese currency has resumed its ascent against other major currencies
May 24 2012, 5:46pm | Comments »
-
The Psychological Keys of Trading
By Taro Hideyoshi There are many experts who teach the psychology of trading. Also, there have been many books written trying to teach the discipline...
- Tags:
- Forex articles
May 24 2012, 5:32pm | Comments »
-
Forex: EUR/USD peaks above 1.2600; talks on C. banks coordinated action
The talks speak about the activation of USD Forex swap lines between Fed and BOC, BOE, BOJ, ECB, SNB. Those lines already in place and no set to expire until feb 1st 2013. With 0.05% losses so far today from opening price action, the pair is "Slightly ...See all stories on this topic »
May 24 2012, 4:49pm | Comments »
-
Gold & Silver Rally with Stocks, Euro Hits 23-Month Low, as “Grexit” Planning Begins
London Gold Market Report from Adrian Ash BullionVault Thurs 24 May, 08:10 EST The WHOLESALE PRICE of gold investment bars rose 2.0% from...
May 24 2012, 4:01pm | Comments »
-
The Best Investment Opportunities in India
Presently it has been found that most developed countries are increasing their investments in India. The reason behind this is the varied industrial...
- Tags:
- Forex articles
May 24 2012, 3:57pm | Comments »
-
Forex: USD/CAD corrective after 1.0300 attempt
FXstreet.com (Barcelona) - The USD/CAD swing low at 0.9800 in late April found the pair rising across the board, above parity and the 200-day moving average to be capped four pips away from 1.0300 psychological level in yesterday's trade.See all stories on this topic »
May 24 2012, 2:24pm | Comments »
-
ForexCT’s Afternoon Market Thoughts for 24 May 2012
Video courtesy of ForexCT – A leading Australian forex broker, liscensed by the Australian Securities & Investments Commission, offers the...
- Tags:
- Financial Market News
May 24 2012, 2:15pm | Comments »
-
EUR/USD Falls to 21-Month Low
Source: ForexYard The EUR/USD fell as low as 1.2614 yesterday, a 21-month low, after investors grew increasingly concerned regarding Greece’s...
- Tags:
- Financial Market News
May 24 2012, 2:14pm | Comments »
-
Asia mixed as sentiment remains uncertain
Financials lead rebound as sell-off eases but Europe fears and reduction in Chinese output weighs on sentiment, while strong yen hits exporters
May 24 2012, 1:19pm | Comments »
-
Euro nears two-year low after weak data
Europe’s shared currency at lowest point since mid-2010 as German sentiment suffers and it posts a marginal fall in manufacturing and services output
May 24 2012, 12:38pm | Comments »
-
Seeking the Most Effective Forex Trading Program | Sharing ...
Locating a wonderful Fx broker can make the main difference between a challenging grind all on your own with tiny prize as well as a clean investing knowledge of hansom earnings. Just like you might have expenditure brokers to control your ...
May 24 2012, 12:31pm | Comments »
-
Forex Trading System Benefits « Google Chrome Extensions
We obtained the following query from of my record users nowadays: Inches… anyone known your foreign exchange income marketplace cheap this really is basically a market in between banking institutions over nations around the world.
May 24 2012, 12:03pm | Comments »