From Currencies Direct blog, 1 years ago Similar articles
Last week saw significant risk aversion played out as stock markets dropped dramatically where as this week looks a little firmer. Articles in the Italian media suggest that the International Monetary Fund (IMF) is preparing a ?600 billion deal for Italy in the event of deterioration in the debt crisis- this could provide market support in the early part of the week. Further support may also come from reports in Germany that German Chancellor Merkel and French President Sarkozy are putting...
From Market Pulse FX, today, Similar articles
The Canadian dollar remains under pressure, as the pair was trading in the mid-1.03 range in the European session. The US dollar has enjoyed some broad strength since Wednesday, courtesy of Federal Reserve Chair Bernanke. The Fed also released the minutes of its previous policy meeting. US Existing Home Sales missed the estimate. In economic news, Unemployment Claims rebounded and beat expectations. New Home Sales will be released later today. There are no Canadian releases until next...
From PakBlogging.com, today, Similar articles
If you haven't turned on your Warid SIM from 20th April or are looking forward to switch over to Warid, there could be no better time than now. Warid is offering it's Prepaid and Glow subscribers a new ?Muft Hafta Offer'. To avail this offer, you have to use your Warid connection for 4 weeks to get free one week. Let me elaborate that the one free week is not totally free. You only get 25% free of the minutes you consumed in your previous 4 weeks of usage. Before you rush off to...
From Market Pulse FX, yesterday, Similar articles
It’s been a slow week so far, but that is set to change on Wednesday, as the markets will have plenty of releases to review. All eyes will be on the US Federal Reserve, as we wait for the release of the FOMC minutes and Bernard Bernanke testifies in front of a Congressional committee. As well, the US releases Existing Home Sales, the first major release of the week. In the Eurozone, there was some excellent news as Current Account sparkled, posting its largest surplus in more...
From Market Pulse FX, 2 days ago, Similar articles
The British pound started off the week in fine fashion, gaining close to one cent against the US dollar on Monday. The good news didn’t last long, however, as the pound has coughed up these gains and then some, in Tuesday trading. GBP/USD was trading in the low-1.51 level early in the North American session. The catalyst behind the pound’s sharp drop was weak inflation numbers out of the UK, as a host of indicators missed their estimates. The pound has had a miserable May, and...
From Market Pulse FX, 2 days ago, Similar articles
USD/CAD has not shown a lot of activity so far this week, reflective of the fact that neither country has released any numbers for the markets to scrutinize. The only releases on Tuesday are speeches by US Treasury Secretary Jack Lew and two members of the FOMC. Both Canada and the US will release key data on Wednesday, and Fed chief Bernard Bernanke will testify before a Congressional Committee. In Canada, the sole release is a speech by Bank of Canada Governor Mark Carney to the Board...
From Market Pulse FX, 3 days ago, Similar articles
The currency markets have started off the trading week with a whimper rather than a bang ,and GBP/USD has not been an exception to this trend. The pound lost over a cent on Friday, as the US dollar was broadly stronger following sharp consumer confidence numbers. In Monday trading the pound has edged higher, and pushed above the 1.52 line. There is only one US release today, as FOMC member Charles Evans speaks in Chicago. There are no events out of the UK, but the markets are keeping a...
From Market Pulse FX, 3 days ago, Similar articles
The Australian dollar has managed to put the brakes on last week’s sharp plunge. AUD/USD has moved higher, and was trading in the high-97 range in Monday’s European session. The Aussie has had a miserable May, shedding a remarkable six cents since the start of the month. The US wrapped up last week on a positive note as UoM Consumer Sentiment posted a six-month high. There are no Australian releases on Monday, but the markets are eagerly awaiting the release of the RBA’s...
From Market Pulse FX, 3 days ago, Similar articles
USD/JPY is steady as we start the new trading week. The pair is trading in the high-102 range in Monday’s European session. USD/JPY briefly darted above the 103 line on Friday, but has since retracted. In economic news, Monday could shape up to be a quiet day. There are no Japanese releases, and the sole US event is a speech by FOMC member Charles Evans. The markets were treated to a host of US releases last week, and for the most part, they didn't like what they saw. US Inflation...
From Market Pulse FX, 3 days ago, Similar articles
It’s a very quiet start to the new trading week, as the EUR/USD trades in the mid-128 range in Monday trading. The French and German markets are closed today for a holiday, so trading will be thin. In economic news, the US releases ended last week on a positive note, as UoM Consumer Sentiment climbed to a six-month high. Today's sole release is from the US, as FOMC member Charles Evans delivers a speech in Chicago. The markets were treated to a host of US releases last week, and...
From Market Pulse FX, 3 days ago, Similar articles
Gold continue to slide lower on this week open, heading closer towards the previous swing low back in April. Prices have been heavily depressed recently due to a myriad of technical (Channel rejection pattern) and fundamental reasons (renewed talks of tapering QE3 down by various Fed members), but all in all, the decline that we’ve seen is nothing new in the bigger scheme of things – where Gold prices have been on the decline ever since QE3 has been announced back in Sept...