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Euro Gains On Major Counterparts, At New Record Peak Versus Dollar
2007-07-12 13:42:00 (RTTNews) - The euro was broadly stronger against other majors Thursday morning in New York, rising to a fresh record pinnacle against the dollar. Investors considered data showing that the Euro -zone economy rose an upwardly revised 3.1% in the first quarter over the previous year. The euro continued to pummel the dollar Thursday morning in New ... More About: Dollar , New Record , Versus , Record
Dollar May Weaken to 116 Yen on U.S. Housing Slump, Daiwa Says
2007-07-12 13:39:00 By Kosuke Goto - Bloomberg.com July 12 (Bloomberg) — The dollar may weaken 5 percent to 116 yen by year-end on speculation a housing slump will curb consumption, increasing pressure on the Federal Reserve to lower interest rates, said Daiwa Institute of Research in Tokyo. Signs of a weakening economy may prompt traders to place more bets ... More About: Dollar , Housing , Doll , Slump , Lump
Dollar Falls to Record Low on Concern Mortgage Losses to Spread
2007-07-12 13:35:00 By Agnes Lovasz and Stanley White - Bloomberg.com July 12 (Bloomberg) — The dollar fell to a record low against the euro and dropped versus the yen on speculation losses on debt backed by U.S. subprime mortgages will spread. Signs a housing slump will deepen reinforced expectations the Federal Reserve will keep interest rates unchanged this year, ... More About: Dollar , Mortgage , Record , Losses , Gage
Forex Technical - 07.12.07
2007-07-12 13:34:00 Source: Fore x yard.com EUR/USD The 4 H chart implies of an upcoming bullish trend which may break the 1.3800 level and to determine a new high all time record when Slow Stochastic with negative divergence and sailing to oversold territory signal the upcoming reversal , however this trend may to occur either tomorrow or on Monday. GBP/USD Today range trading ... More About: Technical , Technic
Forex Analysis - 07.12.07
2007-07-12 13:32:00 Source: Fore x yard.com USD Yesterday, trading was mixed in the Forex market and it was a very significant trading day for the American dollar. The dollar hit a new record low against the 13 nation currency, when the Euro picked at 1.3784. The GBP hit a new high against the American dollar since June 1981, when it ... More About: Analysis , Anal
Euro Stays Near Record High Versus Dollar, Declines Against Sterling
2007-07-11 14:23:00 (RTTNews) - The euro was mixed against its major counterparts Wednesday morning in New York, hovering near a record peak versus the dollar but softening against the sterling. Euro pean currency investors looked ahead to Thursday’s release of Euro-zone GDP for the first quarter. The euro held steady near a record peak from the previous session Wednesday ... More About: Dollar , Versus , High , Record
Pound Rises Versus Dollar on Rates View, U.S. Subprime Concern
2007-07-11 14:19:00 By Gavin Finch - Bloomberg.com July 11 (Bloomberg) — The pound rose to the highest in 26 years against the dollar on speculation the Bank of England will raise interest rates further this year, while a slowdown in the U.S. housing market keeps the Federal Reserve on hold. The pound extended gains after rising by the most ... More About: Dollar , View , Versus , Rise , Once
June Job Growth Exceeds Estimates, Unemployment Rate Unchanged
2007-07-06 16:48:00 (RTTNews) - Friday morning, the Department of Labor released its closely watched report on employment in the month of June , showing that job growth for the month came in a little above economist estimates while the unemployment rate remained unchanged. The report showed that employment increased by 132,000 jobs in June following an upwardly revised increase ... More About: Growth , Unemployment , Grow , Rate
Canadian Dollar Rises as Employers Add More Jobs Than Forecast
2007-07-06 16:43:00 By Haris Anwar - bloomberg.com July 6 (Bloomberg) — Canada’s dollar rose, approaching a 30-year high, after a government report showed employers added twice the expected number of jobs in June. The Canadian dollar was the biggest gainer against the U.S. dollar among the 10 most actively traded currencies as investors stepped up bets the Bank of ... More About: Jobs , Dollar , Employer , Rise
Pound May Fall on Speculation U.K. Yield Advantage Will Shrink
2007-07-06 08:51:00 By Anchalee Worrachate - Bloomberg.com July 6 (Bloomberg) — The pound may fall against the dollar on speculation the yield advantage the U.K. has over the U.S. will shrink further before the U.S. employment report. The pound held above $2 yesterday, trading near its highest in 26 years, after the Bank of England lifted interest rates. The ... More About: Pound , Fall , Advanta
U.S. Payrolls, Wages Probably Grew in June; Jobless Rate Stable
2007-07-06 08:49:00 By Joe Richter - Bloomberg.com July 6 (Bloomberg) — Employers in the U.S. probably created enough jobs last month to keep wages growing and the unemployment rate unchanged, economists said before a government report today. The projected 125,000 increase in payrolls is based on the median estimate of 81 economists surveyed by Bloomberg News and would follow ... More About: June , Wages , Rate , Probably , Payroll
Forex Technical - 07.06.07
2007-07-06 08:43:00 Source: Fore x yard.com EUR/USD After touching the 1.3650, which is very close to record levels, the pair shows signs of a slight correction. The dailies are moderate, and the hourlies are starting to be bearish. There is a bearish cross forming on the daily chart, indicating that the move down might be targeting the 1.3500 levels. GBP/USD The pair has ... More About: Technical , Technic
Forex Analysis - 07.06.07
2007-07-06 08:41:00 Source: Fore x yard.com USD The Greenback strengthened a bit yesterday after a positive news day that contained two important events. The first would be the ISM Non-Manufacturing Index which exceeded the expectations of 58.1 and was released at 60.7, indicating a healthy expansion in the services sector. The same is true for the ISM Non-Manufacturing Prices which also ... More About: Analysis , Anal
Yen Drops to Record Versus Euro on Prospect of Higher ECB Rates
2007-07-06 08:39:00 By David McIntyre and Stanley White - Bloomberg.com July 6 (Bloomberg) — The yen slid to record low against the euro as the prospect of higher Euro pean interest rates may increase the appeal of the region’s assets to Japanese investors. European Central Bank President Jean-Claude Trichet said yesterday he has “no intention” to change market expectations for ... More About: Versus , Record , Higher , Rates
Euro Higher Across The Board
2007-06-29 13:11:00 (RTTNews) - The Euro held steady with the sterling but moved up against the rest of majors during the Asian deals on Friday. However, toward the end of the Tokyo session, the common currency gave back its gains against the Swiss franc. Of late, the European currency has risen against all its major counterparts keeping it ... More About: Board , Higher , Ross , Acro
Yen Declines, Heading for the Biggest Quarterly Loss Since 2001
2007-06-29 13:10:00 By Aaron Pan and Ron Harui - Bloomberg.com June 29 (Bloomberg) — The yen declined, heading for the biggest quarterly loss against the dollar since 2001, as a drop in consumer prices reinforced speculation the Bank of Japan will keep interest rates on hold. The currency has declined 4.5 percent this quarter as investors borrowed yen to ... More About: Loss , Line , Lines , Since , Quarter
Forex Technical - 06.29.07
2007-06-29 13:06:00 Source: Fore x yard.com EUR/USD The pair is floating at the 1.3430/1.3470 range for a while now; these are the 62.8% and 76.4% Fibonacci levels of the 1.3534/1.3260 move. The daily studies are slightly bearish, and if a break beyond the 1.3400 level occurs, we might see a larger bearish move towards the 1.3360 level. GBP/USD The cable is in the ... More About: Technical , Technic
Forex Analysis - 06.29.07
2007-06-29 13:04:00 Source: Fore x yard.com USD The Greenback was pushing forward a bit stronger yesterday after the FOMC decision to keep the Interest Rate unchanged at 5.25%. The positive effect was mostly felt against European currencies, in contrast to the JPY which had an opposite effect and took the USD a bit lower. The Rate decision was widely expected ... More About: Analysis , Anal
FX Awaits US Data
2007-06-29 13:00:00 by Korman Tam - Forexnews.com Powered by MGForex The dollar is firmer against the yen, but remains mired near two-month lows versus the sterling heading into a data-filled Friday session. Yesterday?s FOMC statement reiterated the Fed?s primary concern of inflationary pressure in the economy and as such, will likely maintain its unchanged stance over the coming months. Accordingly, ... More About: Data , Wait
FX Awaits US Data, FOMC
2007-06-28 14:58:00 by Korman Tam - Forexnews.com Powered by MGForex Garnering the lion?s share of market attention today will be the FOMC monetary policy decision, due out in the afternoon at 2:15 PM. While the Fed is widely expected to leave rates unchanged at 5.25%, traders are eager to decipher the accompanying statement ? particularly for any acknowledgement of ... More About: Data , Wait
Swiss Franc Choppy Versus Euro, Weakens Against Other Majors
2007-06-28 10:46:00 (RTTNews) - The Swiss Franc showed choppy trading versus the Euro during the early European session on Thursday, but it weakened against the rest of majors. The Franc was down versus the Cable ahead and amid the release of the British Nationwide house prices data for the month of June. The German wholesale turnover and ... More About: Versus , Major , Majors
Yen Weakens on Speculation Investors Are Restoring Carry Trades
2007-06-28 10:43:00 By Aaron Pan and David McIntyre - Bloomberg.com June 28 (Bloomberg) — The yen fell from a two-week high against the dollar and euro as investors resumed sales of the currency in search of higher returns elsewhere through so-called carry trades. Japan’s yen snapped a three-day winning run, sliding against 15 of the 16 most-active currencies after ... More About: Investors , Tori , Carry
New Zealand Dollar Gains After Current-Account Deficit Narrows
2007-06-28 10:40:00 By Emma O’Brien and David McIntyre - Bloomberg.com June 28 (Bloomberg) — The New Zeal and dollar gained after reports showing a pick-up in housing and a narrowing current account deficit bolstered speculation the central bank will fail in any renewed attempts to halt the currency’s rally. The local dollar approached a 22-year high as Finance Minister Michael ... More About: Dollar , Current , Alan
Forex Technical - 06.28.07
2007-06-28 10:38:00 Source: Fore x yard.com EUR/USD On the 4 H chart we can see that the bullish trend which started yesterday is out of steam and a reversal is occurring at the moment. It is important to notice the neutral channel which is establishing over the last four days. Slow stochastic is due to cross at 90 and momentum at ... More About: Technical , Technic
Forex Analysis - 06.28.07
2007-06-28 10:36:00 Source: Fore x yard.com USD Yesterday provided us with a mix day of data which was published in the US and led to the strength of the USD while a reduction was expected. Data such as: Durable Goods Orders, Core Durable Goods Orders and Crude Oil Inventories. The USD has strengthened mainly due to the FOMC meeting and despite ... More About: Analysis , Anal
Euro Remains Weak Against Yen And Dollar, Bouncing Back To Pound And Franc
2007-06-27 12:35:00 (RTTNews) - The euro declined against all its major counterparts in the Asian deals on Wednesday, but in the Euro pean session, its directions were changed. However, the single currency remained down from its previous day’s close against the yen and the greenback, while it rebounded versus the European majors. These pairs are now trading a ... More About: Dollar , Back , Pound , Doll
Forex Technical - 06.27.07
2007-06-27 10:41:00 Source: Fore x yard.com EUR/USD The daily chart is failing to breach the upper barrier of the bearish channel and maintain the range trade which is limited to 1.3379 - 1.3466 Fibonacci levels. The 4 H chart is trying to break the 1.3435 Fibonacci level in its bearish trend and in case it fails to do so we expect ... More About: Technical , Technic
Forex Analysis - 06.27.07
2007-06-27 10:39:00 Source: Fore x yard.com USD Yesterday the USD continued on its bearish path but the decline seemed to be stabilizing ahead of the much anticipated 2-day Federal Reserve meeting which starts later on today. Traders have been profit taking ahead of the FOMC but were reluctant to drop the greenback much lower yesterday. The market seems to be holding ... More About: Analysis , Anal
Yen Rises for a Third Day as Investors May Unwind Carry Trades
2007-06-27 09:52:00 By David McIntyre and Kosuke Goto - Bloomberg.com June 27 (Bloomberg) — The yen strengthened for a third day as declines in emerging market bonds and stocks prompted investors to pare holdings of higher-yielding assets funded by loans in the currency. Japan’s yen rose against riskier currencies including the Indonesian rupiah and Malaysian ringgit after Finance Minister ... More About: Investors , Rise , Third Day , Unwind , Third
N.Z. Dollar Falls From 22-Year High on Consumer Confidence Drop
More articles from this author:2007-06-27 09:48:00 By Emma O’Brien - Bloomberg.com June 27 (Bloomberg) — New Zealand’s dollar dropped from a 22-year high after a survey showed consumer confidence fell for a second consecutive quarter, adding to signs the central bank won’t raise interest rates again this year. A Westpac Banking Corp./McDermott Miller consumer sentiment index dropped 6.3 percent in the second quarter. ... More About: Dollar , Consumer , Confidence , High , Fall 1, 2, 3, 4, 5, 6, 7 |
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