Canada Retail Sales: Survey: -0.1% Actual: -0.2% Prior: 0.3% Revised: 0.4% Canada Retail Sales Less Autos: Survey: 0.1% Actual: 0.0% Prior: 0.3% Revised: 0.4% Wholesale Sales: Survey: 0.6% Actual: 0.9% Prior: -0.4% Revised: -0.3%
Archive for the ‘forex news’ Category
Canada Retail Sales & Wholesale Inventories Data Due at 8:30AM
USD/JPY Analysis
Opened at Y79.63 in Asia and slipped on EUR/USD sales to Y79.53 on the back of an FT article showing reluctance from some EU states to ratify the deal. USD then found solid support towards Y79.50, and moved higher to Y79.81 before easing back to Y79.55. EUR/JPY fell to Y105.04, bouncing to Y105.50 before hedge fund sales pushed the pair back down to Y105.17
Behavioral Finance: Daily Forex Outlook : A conditional deal but a deal nevertheless
EUR USD (1.3265) The numbers agreed by the Eurozone finance ministers in the Greek bailout deal seem to have come out on the top end of the expectations. Of course the €130 billion figure is against the backdrop of an optimistic scenario which was described in the ‘leaked’ report circulated to the eurozone officials before the deal talks started.
Euro-outlook stabilized but still vulnerable
The Greek debt negotiations to reduce Greek debt/GDP to 120% by 2020 have been accepted as Euro zone finance ministers this morning approved the €130bn second Greek bail-out package. ECB will participate by contributing approx.
UK budget surplus 7.75 bln pounds vs forecast 6.3 bln pounds
Gbp/Usd up about 15 points since release to 1.5857.
Euro plunges vs dollar on S&P downgrades of Greece, Portugal
NEW YORK (Forex News Now) – The euro plunged against the dollar in forex trading on Tuesday as fears over euro zone sovereign debt intensified, after Standard & Poor’s downgraded Greece and Portugal’s credit ratings. In U.S
Pound Sterling To Dollar Makes Gains As Global Appetite For Risk Picks Up
The Pound to Euro exchange rate is 1.1962, while the Pound to US Dollar exchange rate is 1.5844. Global oil prices hit their highest level since the start of last Summer during yesterday’s session as investors expressed their concerns over the escalating of tensions between Iran’s leaders and Western states over the country’s ongoing nuclear programme. In spite of these fears, global stock markets registered healthy gains, with London’s FTSE 100 closing up by over 40 points on the day.
US Dollar Poised for Breakdown versus Euro, Aussie as Vols Drop
The US Dollar trades within an increasingly tight range against the Euro and other currencies, but clear market complacency warns that breakouts may be imminent as the EURUSD and S&P 500 trade near significant highs.
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