Archive for the ‘Forex Market News’ Category
Tags: British Pound May Look To Risk Trends For Direction
British Pound May Look To Risk Trends for Direction Fundamental Forecast for British Pound: Neutral – BoE leaves benchmark rate unchanged at 0.50%, pauses asset purchase program – Industrial production in February rose 1.0%, doubling expectations of 0.5% – U.K. factory gate prices accelerated by 5.0% from a year ago
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Gold Seeker Closing Report: Gold and Silver End Slightly Higher
Gold jumped as much as $8.50 to as high as $1169.10 at the open of trade in Asia before it fell back off to see a $2.90 loss at $1157.70 in early New York trade, but it then rallied back higher for most of the rest of trade and ended with a gain of 0.11% at a new four month high.
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(AFX UK Focus) 2010-04-13 04:26 GLOBAL MARKETS-Asia shares fall, euro consolidates
By Raju Gopalakrishnan
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EUR/CHF Classical 04.12
EUR/CHF: Daily studies have finally turned up from violently oversold readings after breaking to fresh record lows by 1.4145, but weekly and monthly studies are still showing oversold to suggest plenty of room for upside from here.
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USD Graphic Rewind 04.12
USD INDEX GRAPHIC REWIND Written by Joel Kruger, Technical Currency Strategist for DailyFX.com
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MONEY & BANKING
LIFE INSURANCE: SEBI vs IRDA There is merit in the argument that Unit Linked Insurance Plans (ULIPs) from insurance companies are more investments than insurance products. Therefore, the Securities and Exchange Board of India appears to be well within its rights in …
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USD/CAD Classical 04.12
USD/CAD: Our overall outlook for the pair remains highly constructive and as such, any dips below parity should be used as formidable buy opportunities. At this point however, we can not rule out the potential for a short lived dip to test 0.9900.
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FOREX: Ringgit Hits A High Of 3.1880 Against US$
KUALA LUMPUR, April 9 (Bernama) — The ringgit touched a almost two-year high of 3.1880 against the US dollar at the close Friday following market talks that China might allow a modest appreciation of the yuan, dealers said.
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GBP/USD Classical 04.12
GBP/USD : The latest push back above some multi-day consolidation highs at 1.5375 now delays our bearish outlook and could open the door for additional upside back towards the 1.5800 are over the coming sessions.
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