Monday, April 29 The U.S. Commerce Department reports on personal income and spending in March. Economists expect personal income to rise 0.4 per cent, and spending to remain flat. The U.S. National Association of Realtors reports on pending home sales in March. Economists expect an annual rise of 6.1 per cent. Tuesday, April 30 Statistics … Read More …
FXstreet.com – The increasing risk appetite continues to punish the greenback on Thursday, dragging it to session lows around 82.20/25 gauged by the US Dollar Index. “We suspect many observers give too much credence to the FOMC minutes where the ongoing discussion of exit strategies and timing are mentioned. Bernanke’s warning about the “spring slump” … Read More …
eur usd weekly technical analysis report euro dollar currency pair this week closed with gains at 1.2988.on weekly chart trend is still down while momentum is in favor of euro as short covering is going on.after last 6 week straight fall this is first week of gain for euro. on chart,upside 1.3060 is 6 and … Read More …
dailyreckoning-March Madness is now in full swing. The Federal Reserve’s Madness continues apace. The NCAA basketball tournament wouldn’t be very interesting without the 35-second shot clock forcing teams to shoot the ball. Forget slam dunks and three pointers, without the shot clock the game would be pass, pass, pass, while the clock would tick, tick, … Read More …
dnaindia-Cyprus’s financial system was on the edge of collapse on Wednesday with local banks now not due to reopen until next week and European authorities warning they could begin withdrawing support for the country within days. The country’s central bank said lenders would remain shut until at least Tuesday amid growing speculation the Mediterranean island … Read More …
bloomberg-An index based on a trade-weighted basket of Asian currencies against the U.S. dollar is likely to decline to the lowest level in more than seven months, Citigroup Inc. said, citing technical patterns. The JPMorgan Asia Dollar Index, which includes currencies such as South Korea’s won, the Singapore dollar and Thai baht, may approach the … Read More …
Bloomberg-The cost to protect the won against losses using options contracts is near a nine-month high as Europe’s debt crisis threatens to escalate at a time when a weaker yen is putting South Korea’s exports at risk. The premium for one-month won put options granting the right to sell the currency on March 18 was … Read More …
eur/usd forex trading tips eur/usd pair trading at 1.2863 with heavy loss for today.on European crisis once gain euro continues downtrend and trading at new lows from short term view.today euro dollar pair made high at 1.2970 while low was 1.2851 and trading near it.for tomorrow below 1.2930 strategy remain sell on rise and expect … Read More …
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