The Australian Central Bank’s meeting minutes showed once again that another rate cut is not imminent. This boosted AUD/USD and sent it to the lowest levels since mid June. However, this 4 month high didn’t hold for too long and the pair retreated back down. Is it the false break before the real one? Or … “AUD/USD struggles to hold above high resistance – 3”
Month: October 2013
FXBeat: FXstreet’s new forex news service with Jamie Coleman
Jamie Coleman and Gerry Davies found a new home at FXstreet. The large forex portal launches a new news services called FXBeat. Highly experienced Jamie Coleman and Gerry Davies founded Forex Live and ran it for several years. They then started FXBriefs, and now they found a new home: FXstreet. They separate the wheat from … “FXBeat: FXstreet’s new forex news service with Jamie Coleman”
Euro Shows Mixed Performance
The euro was mixed today as traders wait for news from the United States concerning the debt ceiling debate. Data from Europe was mostly good, though some economic indicators might be considered worrying. Eurozone industrial production expanded 1.0 percent in August from July on a seasonally adjusted basis, exceeding analysts’ expectations of 0.8 percent growth. German import prices grew 0.1 percent in August from July, … “Euro Shows Mixed Performance”
USD/JPY Targets Further Upside – Technical Analysis
Watch out for more upside as USDJPY remains bullish and targeting further gains. As long as it holds above the 96.18 level, the risk still remains higher. This leaves the threat of a return to the 99.00 level and the 100.60 level on the cards. A violation of here will aim at the 101.52 level. … “USD/JPY Targets Further Upside – Technical Analysis”
AUD Rises Even as RBA Does Not Rule Out Interest Rate Cut
The Australian dollar rose today even though the minutes of the last central bank’s policy meeting reveled that policy makers do not rule out additional interest rate cuts. Today, the Reserve Bank of Australia released the minutes of its October 1 meeting, which were rather dovish, saying: Members were informed that recent indicators suggested that growth remained below trend into the September quarter. The transition … “AUD Rises Even as RBA Does Not Rule Out Interest Rate Cut”
Video: US closer to the cliff, EUR/USD above support,
The October 17th debt ceiling deadline is creeping closer. Is market complacency about to end with a storm? In an talk with Dale Pinkert of FXstreet’s Live Analysis Room, we discussed the various scenarios for the ongoing political crisis. In addition, we saw how EUR/USD is holding nicely above uptrend support, the squeezing triangle in … “Video: US closer to the cliff, EUR/USD above support,”
Franc Rises Despite Negative Fundamentals
The Swiss franc gained today even as the nation’s Producer Price Index rose last month less than was expected and Swiss National Bank President Thomas Jordan reiterated necessity to keep the cap on the currency. The Swiss PPI rose just 0.1 percent in September from August, while analysts have expected an increase by 0.3 percent. Jordan said during the International Monetary Fund annual meeting this weekend: The minimum exchange … “Franc Rises Despite Negative Fundamentals”
Dollar Little Changed as Weekend Does Not Bring Good News
The US dollar was little changed today as an agreement about raising the debt ceiling was not reached over the weekend, but hopes for a consensus among US politicians remain. US politicians were not able to make a deal about increasing the debt limit (at least temporary). There were reports about a progress in the discussion and talks will resume tomorrow. There is not much time left before the deadline on October … “Dollar Little Changed as Weekend Does Not Bring Good News”
Time for financial reports; What to expect this week?
Indices: Amid a relatively calm and action-less past week, most stock markets reacted positively to the US budget talks between President Barack Obama and Republican leaders. Although no agreement was reached, both sides showed warming in their currently strained relations. The S&P500 and the Dow rose at the end of the week to 1,703 and 15,240 … “Time for financial reports; What to expect this week?”
EUR/USD: Trading the ZEW Economic Sentiment Index
The German ZEW Economic Sentiment Index is based on a monthly survey of institutional investors and analysts and their views of the German economy. A reading that is higher than the market forecast is bullish for the euro. Here are all the details, and 5 possible outcomes for EUR/USD. Published on Tuesday at 9:00 GMT. … “EUR/USD: Trading the ZEW Economic Sentiment Index”