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EUR/USD extends gains above 1.13
Thu, 07 May 2015 07:37:50 GMT
 
For the first time since February 26, EUR/USD went above the 1.13 mark, by eroding a considerable resistance represented by the 23.6% Fibonacci retracement of May-March downtrend move. >>
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XAU/USD fails to overcome monthly PP
Thu, 07 May 2015 06:57:54 GMT
 
By registering only a marginal decrease in price, some of the major commodities were on the side of losers on Wednesday. >>
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EUR/USD extends gains above 1.13
Thu, 07 May 2015 06:57:37 GMT
 
The Euro traded very noticeably to the upside during the market trading session on Wednesday, as the common currency advanced versus all of its major counterparts. >>
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Soren Hettler, Foreign Exchange Analyst at DZ Bank AG, on Euro
Thu, 07 May 2015 06:56:46 GMT
 
I strongly disagree with this assessment, since the European integration and in particular the common currency has done a lot to support economic growth on the continent during the last >>
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Australia's retail sales grow less than expected in March, justifying RBA's decision
Thu, 07 May 2015 06:39:04 GMT
 
Australian retailers reported weaker sales growth in March, justifying the RBA's latest decision to reduce interest rates to a new low in an attempt to boost demand. >>
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China's services PMI reaches 2015 peak amid strong consumer confidence and spending
Thu, 07 May 2015 06:28:03 GMT
 
Services sector in the world's second biggest economy, China, rose at its fastest pace this year in April as a sizzling stock market rally helped bolster consumer confidence and spending. >>
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Activity in the UK services sector accelerates more than expected in April
Thu, 07 May 2015 06:17:04 GMT
 
Activity in the UK services sector accelerated more than expected in April amid growth of new business, while job creation increased at a strong pace. >>
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EUR/NZD 4H Chart: Rising Wedge
Thu, 07 May 2015 06:06:52 GMT
 
The latest rally of EUR/NZD appears to be overstretched and unsustainable. First, the currency pair has been trading between two rising but at the same time converging trend-lines. Second, there >>
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EUR/USD 4H Chart: Channel Up
Thu, 07 May 2015 06:06:44 GMT
 
The outlook on EUR/USD is bullish, being that the currency pair has recently found solid support at 1.05 and has formed an upward-sloping channel. However, at the moment the Euro >>
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US private employers add fewer jobs than expected in April
Thu, 07 May 2015 05:59:03 GMT
 
US private sector created fewer jobs than expected in April, adding to recent soft fundamentals from the world's number one economy. >>
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Euro zone retail sales and services PMI data surprises to downside
Thu, 07 May 2015 05:48:04 GMT
 
Euro zone retail sales came out weaker than expected in March, turning negative when measured on a monthly basis for the first time since September last year. >>
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Evening Press Review
Wed, 06 May 2015 15:48:04 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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NZD/USD undergoes a correction
Wed, 06 May 2015 15:37:05 GMT
 
The NZ Dollar tried to gain some value, but the monthly PP forced it to bounce back. >>
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USD/CAD closes in on 1.20
Wed, 06 May 2015 15:26:06 GMT
 
On Tuesday, the USD/CAD currency pair edged down, but not as far as expected. >>
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AUD/USD attempts to overcome 0.80
Wed, 06 May 2015 15:15:07 GMT
 
On Tuesday, the Aussie overperformed, as it climbed up much more than anticipated. >>
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