Market News and Analysis
USD/JPY remains unchanged
Tue, 21 May 2013 07:37:33 GMT
USD/JPY pair is in the middle of a battle between bulls and bears, since the price has been trading flat past two weeks. >>
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GBP/USD gains above weekly PP
Tue, 21 May 2013 07:37:17 GMT
GBP/USD strengthened yesterday, as the exchange rate increased from the monthly S1 at 1.5191 to the weekly pivot point at 1.5340. >>
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EUR/USD is traded at weekly PP
Tue, 21 May 2013 07:37:06 GMT
The common European currency recovers, as the price breached the monthly S1 level at 1.2875 and weekly pivot point at 1.2885 yesterday. >>
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Trade surplus in China lower than reported after accounting for errors
Tue, 21 May 2013 07:34:07 GMT
China reported trade surplus of $61 billion in Q1, while it might be only $6 billion after taking into account fake transactions, according to the Bank of America. It would >>
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Australia leading index down in March
Tue, 21 May 2013 07:23:08 GMT
Australian leading index, which is based on 7 economic indicators, and is designed to predict the direction of the economy, fell in March, suggesting the economy is struggling to grow >>
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Japan upgraded economic outlook
Tue, 21 May 2013 07:12:03 GMT
The Japanese government upgraded its growth forecast on Monday for the first time in two months, a sign that growth is accelerating as exports and factory output are picking up. >>
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U.K. house prices soared to record high
Tue, 21 May 2013 07:01:04 GMT
Britain's home sellers increased asking prices for a fifth month in a row, pushing them to the all-time high in May, providing the property market with its best start to >>
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U.S. consumer spending to rise this year
Tue, 21 May 2013 06:50:03 GMT
Consumer spending in the world's largest economy is expected to accelerate this year, while government spending will decline at a faster rate, according to a survey of business economists. >>
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Slovenia rating downgraded by Fitch
Tue, 21 May 2013 06:39:03 GMT
Even despite the nation's plan, which is projected to stabilise public finances and lead to an economic recovery, Slovenia's credit rating was downgrade by the Fitch agency. >>
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NZD/USD strengthens towards monthly S2
Mon, 20 May 2013 16:23:31 GMT
The South Pacific currencies maintain a strong correlation and both appreciate today. The kiwi stepped higher from a 0.81 level and moves towards the weekly PP level at 0.8161. >>
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Market Research: EUR
Mon, 20 May 2013 16:07:05 GMT
If we simply look at past week's statistics, we see that the 17-nation currency is doing well, its currency index was able to advance 0.3% since May 13. >>
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Evening Trade Pattern Ideas
Mon, 20 May 2013 15:56:04 GMT
Dukascopy Trade Pattern Ideas for GBP/USD (Channel Down), GBP/AUD (Channel Up), USD/NOK (Rising Wedge) and SGD/JPY (Channel Down) till 15:30 GMT. >>
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Evening Press Review
Mon, 20 May 2013 15:55:28 GMT
Stay informed about the latest news on the economy, politics, FX by reading our press review with top videos and comments from world's leading financial bloggers. >>
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Daragh Maher, FX Strategist at HSBC, on the Japanese Yen
Mon, 20 May 2013 15:52:07 GMT
One of the main drivers for the recent Yen decline is the on-going easing by the Bank of Japan, and determination of the central bankers and the government to hit >>
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USD/CAD breaches Bollinger band
Mon, 20 May 2013 15:32:50 GMT
The loonie advanced so rapidly that the exchange rate exceeded the upper Bollinger band by 70 pips for a moment on Friday's trading session. >>
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