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Euro Strengthens Against Pound, Down Against Rest Of Majors Early Friday
2007-07-27 12:36:00 (RTTNews) - The euro remained strong against the sterling but weakened against the rest of majors during the early deals on Friday . However, of late, most of today’s losses against the Swiss franc have been reversed, and the pair is now trading at a level a little above its Thursday’s New York session close. By virtue ... More About: Euro , Early , Rest , Pound
New Zealand, Australian Dollars Plunge as Carry Trades Dumped
2007-07-27 12:33:00 By David McIntyre - Bloomberg.com July 27 (Bloomberg) — New Zealand ’s dollar fell the most versus the yen since 2005 and Australia’s by the most in almost six years as a rout in global stocks spurred investors to cut holdings of higher-yielding assets bought with Japan’s currency. The two currencies are favorites of the so-called carry trade ... More About: Australian , Dollars , Doll
Option Hedges Against Yen Gains at Three-Year High
2007-07-27 12:31:00 By Liz Capo McCormick - Bloomberg.com July 27 (Bloomberg) — The cost of options protecting against gains in the yen rose to a three-year high as a slide in global stocks led traders to exit riskier assets funded by yen loans and buy back the currency. So-called risk-reversal rates on dollar-yen options show traders paid the biggest ... More About: High , Hedge , Opti , Year
Dollar Rebounds as U.S. Stock-Index Futures Gain Before GDP
2007-07-27 12:30:00 By Aaron Pan - Bloomberg.com July 27 (Bloomberg) — The dollar rebounded against the yen and the euro as stock markets gained before a report expected to show U.S. economic growth accelerated in the second quarter. The dollar may trim this month’s 1.8 percent decline versus the euro as the Commerce Department will probably say the economy ... More About: Dollar , Stock , Futures , Index , Fore
Forex Technical - 07.27.07
2007-07-27 12:24:00 Source: GCI Financial (Bid Price) (Today?s Intraday Range) EUR/ USD 1.3710 1.3730, 1.3692 USD/ JPY 119.31 120.73, 119.16 GBP/ USD 2.0448 2.0541, 2.0423 USD/ CHF 1.2087 1.2149, 1.2068 AUD/ USD 0.8762 0.8867, 0.8757 USD/CAD 1.0494 1.0508, 1.0402 NZD/USD 0.7900 0.8054, 0.7895 EUR/ JPY 163.56 165.48, 163.50 EUR/ GBP 0.6706 0.6711, 0.6678 EUR/ CHF 1.6577 1.6659, 1.6568 GBP/ JPY 244.05 247.73, 243.67 CHF/ JPY 98.67 99.42, 98.61 Support Resistance Support Resistance EUR/ USD USD/ JPY L1. 1.3515 1.3900 ... More About: Technical , Forex , Fore , Technic
Forex Analysis - 07.27.07
2007-07-27 10:22:00 Source: GCI Financial ? The euro gained marginal ground vis-ŕ-vis the U.S. dollar today as the single currency tested offers around the US$ 1.3740 level and was supported around the $1.3690 level. Technically, today?s intraday high was right around the 38.2% retracement of the move from $1.3565 to $1.3850. Today?s range was relatively limited as traders continue ... More About: Analysis , Forex , Fore , Anal
Yen Advances Against Major Counterparts
2007-07-26 13:09:00 (RTTNews) - The yen advanced against the major currencies Thursday morning in New York. Japanese currency investors mulled data showing that Japan’s corporate service prices continued to rise during June. The yen gained ground against the dollar Thursday morning in New York. The Japanese currency advanced during the early morning, reaching an intraday high of 120.26 ... More About: Major , Vance
China Yuan Falls as Asian Currencies Weaken Against U.S. Dollar
2007-07-26 13:00:00 By Christina Soon - Bloomberg.com July 26 (Bloomberg) — The yuan fell from the highest close since the end of a dollar link in July 2005 as Asian currencies the central bank uses to monitor its exchange rate weakened. Bonds were unchanged. Eight of 10 of Asia’s most-active currencies tracked by Bloomberg declined against the dollar today. ... More About: China , Dollar , Currencies , Fall
Dollar Trades Near Two-Week High on Accelerating U.S. Growth
2007-07-26 12:58:00 By Aaron Pan and Stanley White - Bloomberg.com July 26 (Bloomberg) — The dollar traded near the strongest in more than two weeks against the euro on speculation the world’s biggest economy can withstand rising mortgage defaults. The currency may extend a rebound from a record low against the euro and a 26-year low versus the British ... More About: Dollar , Growth , Week , High , Accelerating
RBNZ Raises OCR To Record 8.25%; Signals Interest Rates Have Peaked
2007-07-26 12:56:00 (RTTNews) - Thursday, the Reserve Bank of New Zealand raised the Official Cash Rate -OCR by 25 basis points, to a record 8.25%, for the fourth consecutive time this year. The decision was in expected line due to the sheer persistence of inflation pressures in the past two strong CPI reports. The RBNZ governor Allan Bollard ... More About: Interest Rates , Interest , Record , Rates , Peak
Swiss Franc Shows Strength Against Majors During European Session On Thursd
2007-07-26 12:50:00 (RTTNews) - The Swiss Franc showed strength against its major counterparts during the European session on Thursday. The British July nationwide house prices and the German IFO - business climate data for the same month which were released during the session helped the Franc to gain further momentum. The IFO survey revealed that the German business ... More About: Major , Majors
Forex Technical - 07.26.07
2007-07-26 10:36:00 Source: GCI Financial (Bid Price) (Today?s Intraday Range) EUR/ USD 1.3730 1.3831, 1.3724 USD/ JPY 120.48 120.63, 119.81 GBP/ USD 2.0541 2.0629, 2.0505 USD/ CHF 1.2144 1.2147, 1.2021 AUD/ USD 0.8844 0.8869, 0.8785 USD/CAD 1.0395 1.0402, 1.0339 NZD/USD 0.8045 0.8079, 0.7996 EUR/ JPY 165.40 166.31, 165.02 EUR/ GBP 0.6684 0.6713,0.6682 EUR/ CHF 1.6675 1.6678, 1.6616 GBP/ JPY 247.45 248.09, 246.26 CHF/ JPY 99.18 99.99, 99.03 Support Resistance Support Resistance EUR/ USD USD/ JPY L 1.1.3515 1.3900 ... More About: Technical , Forex , Fore , Technic
Forex Analysis - 07.26.07
2007-07-26 10:22:00 Source: GCI Financial Euro The euro depreciated vis-ŕ-vis the U.S. dollar today as the single currency tested bids around the US$ 1.3710 level and was capped around the $1.3830 level. Technically, today?s intraday low was right around the 50% retracement of the move from $1.3565 to $1.3850. The common currency came off as traders reduced their demand ... More About: Analysis , Forex , Fore , Anal
Forex Analysis - 07.23.07
2007-07-23 14:50:00 Source: Fore x yard.com USD Last week, we saw the Greenback deterioration continue, as it ignored every piece of positive information that came from the US market, and it looks as if the sub-prime crisis is stronger than everything else in regards to USD strength. Bernanke’s speech last week about the economy in general and the inflation in specific, ... More About: Analysis , Anal
Canadian Dollar Advances Against Counterparts On Monday
2007-07-23 14:47:00 (RTTNews) - The Canadian dollar showed some strength against its world counterparts in trading on Monday morning in New York. The Canadian currency moved with little economic news from the region. The Canadian currency continued to show strength against its American counterpart in trading on Monday. The currency advanced overnight into the early action, and held ... More About: Dollar , Onda , Doll
Yen Generally Weaker Against Major Counterparts
2007-07-23 14:44:00 (RTTNews) - The yen generally weakened versus its major counterparts Monday morning in New York. The Japanese currency lost a little bit of ground versus the dollar and the sterling. Meanwhile, the yen experienced mostly uncertain trading with the euro. Traders considered data showing that supermarket sales in Japan fell again in June. The yen edged ... More About: Major , Ally
Bernanke Breaks With Greenspan, Stresses Forecasts, Consumers
2007-07-20 13:12:00 By Craig Torres - Bloomberg.com July 20 (Bloomberg) — Federal Reserve Chairman Ben S. Bernanke’s appearance before Congress marked his clearest break yet with predecessor Alan Greenspan . In two days of testimony this week, Bernanke emphasized the Fed’s predictions for growth and inflation and devoted about half his time to discussing consumer protection. In doing so, he ... More About: Breaks , Tres , Cons , Fore
Yen Declines, Near Record Low Against Euro, on Carry Trades
2007-07-20 13:10:00 By Agnes Lovasz and Kosuke Goto - Bloomberg.com July 20 (Bloomberg) — The yen fell against the dollar and traded near a record low against the euro as gains in global stocks encouraged investors to borrow in Japan’s currency to buy assets elsewhere. The yen slid against all 16 most-active currencies this week as investors added to ... More About: Euro , Record , Carry , Cord
China Raises Rates After Fastest Growth in 12 Years
2007-07-20 13:08:00 By Nipa Piboontanasawat - Bloomberg.com July 20 (Bloomberg) — China raised interest rates for the third time since March to cool the fastest pace of economic growth in 12 years and restrain inflation. The benchmark one-year lending rate will increase to 6.84 percent, the highest in more than eight years, from 6.57 percent, starting tomorrow, the People’s ... More About: Growth , Years , Rates , Year
Forex Technical - 07.20.07
2007-07-20 13:05:00 Source: Fore x yard.com EUR/USD The correction from 1.3773 may extend higher, but should be contained by the 61.8% of 1.3832-1.3773 at 1.3809. An initial bearish target is 1.3700. However both the daily and hourly charts still indicate that there is more room for this pair to strengthen so if a reversal occurs it will be slight. GBP/USD After a brief ... More About: Technical , Technic
Forex Analysis - 07.20.07
2007-07-20 13:02:00 Source: Fore x yard.com USD As a big proponent of transparency, Federal Reserve Chairman Ben Bernanke had no surprises for the market when he delivered his testimony on the economy and monetary policy to the Senate yesterday. The question and answer session continued to center on the problems in the sub-prime sector and Bernanke responded by reiterating the Fed’s ... More About: Analysis , Anal
Swiss Franc Hits 6-Day Low Versus Euro, Shows Strength Against Other Majors
2007-07-19 12:58:00 (RTTNews) - During the Euro pean session on Thursday, the Swiss Franc slipped versus the Euro and touched the 6-day low. On the other hand, the Franc showed strength against the rest of majors. The Swiss June trade balance data released earlier today caused very little price action in the Franc against the Euro and the Yen, ... More About: Versus , Hits , Major
Bernanke Sets Stage for Longest Freeze in Rates in Two Decades
2007-07-19 12:52:00 By Scott Lanman - Bloomberg.com July 19 (Bloomberg) — Federal Reserve Chairman Ben S. Bernanke is preparing the ground for the longest freeze in interest rates in two decades. Bernanke, delivering his semiannual economic testimony to Congress yesterday, presented trimmed forecasts for growth this year and next because of the prolonged housing recession. At the same time, ... More About: Sets , Freeze , Stage , Rates , Longest
Dollar Drops Versus Euro, Yen After Fed Cuts Growth Forecast
2007-07-18 19:44:00 By Min Zeng and Ye Xie - Bloomberg.com The dollar approached a record low versus the euro and fell against the yen as the Federal Reserve lowered its forecasts for U.S. economic growth as home building is weaker than anticipated. Investors also pushed the dollar to near a 26-year low against the pound and the weakest in ... More About: Euro , Dollar , Growth , Versus , Fore
Australian Dollar Rises To New Multi-Year High Against Greenback And Yen
2007-07-18 13:18:00 (RTTNews) - The Australian dollar spiked higher against the other major currencies during the early Asian deals on Wednesday. The uptrend helped the Aussie to rose to a new multi-year high against the Greenback and the Yen. The Aussie traded above 0.878 and 107 versus the Greenback and the Yen respectively. The greenback lost ground ahead ... More About: Dollar , Multi , High , Year
Dollar Falls Heavily Across The Board
2007-07-18 13:17:00 (RTTNews) - The US dollar weakened steadily across the board during late New York trading on Tuesday and continued lower in the early Asian deals on Wednesday. The US currency lost ground as the markets approached the June month inflation data, which has been slated for release by late morning in New York. Fall ing heavily, the ... More About: Dollar , Board , Ross , Falls
Forex Technical - 07.18.07
2007-07-18 11:29:00 Source: Fore x yard.com EUR/USD Daily chart signal on an upcoming reversal as Slow Stochastic is crossing at 86 , however there is a mild divergence which indicates that the reversal will be slight. On the 4 H chart it can be observed that there is still more room left for the EUR to strengthen. We are in the ... More About: Technical , Technic
Forex Analysis - 07.18.07
2007-07-18 11:27:00 Source: Fore x yard.com USD The greenback experienced mixed reactions yesterday as it gained further ground versus the JPY but extended its losses against the EUR and the sterling. The USD slipped to a new 26-year low against the sterling reaching the 2.0475 level on the back of the release of better than expected UK inflation figures which was ... More About: Analysis , Anal
Yen Lower Across The Board During Early Asian Deals On Monday
2007-07-16 09:36:00 (RTTNews) - The Japanese Yen trended lower against its major counterparts during the early Asian deals on Monday . This came despite a lack of data from the Japanese economy during the session. However, in the late Sunday New York deals, the major Yen pairs showed strength. German and the Euro-Zone consumer price index data for the ... More About: Board , Early , Lower
USD Mired Near Lows
More articles from this author:2007-07-16 09:34:00 by Korman Tam - Forexnews.com Powered by MGForex The dollar continued to struggle in a holiday-thinned Asian session, remaining mired near all-time lows against the euro shy of the 1.38-mark and 26-year lows versus the sterling. Lingering uncertainties stemming from the subprime mortgage market and potential spillover to the overall economy are the catalyst for the latest ... 1, 2, 3, 4, 5, 6, 7 |
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