China trade gap widens more-than-expected

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Source: Forexpros
China's trade balance expanded more than forecast in August, National Bureau of Statistics reported on Monday. The trade balance increased to $26.66 billion, from $21.10 billion in the previous month. Analysts had estimated China's trade balance to post a surplus of $19.80 billion in August.
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Mon, 10 Sep 2012 13:33:43 GMT

Cable lower in cautious trade

On Monday, the Cable pushed lower versus the U.S. Dollar, as investor's sentiment was driven by expectations of Fed stimulus and upcoming German court ruling. GBP/USD hit a daily-low of 1.5974, and subsequently consolidated at 1.5976, which was a 0.20% fall for the European afternoon trading session. The support was prone to be at 1.5921, while resistance was likely to be at 1.6077.

Mon, 10 Sep 2012 19:21:43 GMT

The Euro lower versus the U.S. dollar on Fed expectations

On Monday, the 17-nation currency was lower versus the Greenback, but remained supported as disappointing U.S. data fueled expectations of further Fed stimulus. EUR/USD hit a session's low of 1.2700, and subsequently consolidated at 1.2778, losing 0.29% in European afternoon trading session. The pair's support was likely to be at 1.2625, while resistance could be at 1.2816.

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