The euro rose on Thursday, adding to its recovery from a six-month low against the dollar a day after comments from European Central Bank policymakers dimmed speculation that its next move on interest rates would be a cut. Comments on Wednesday, including those from European Central Bank Board member Axel Weber that talk […]
GBPUSD has slowly slipped lower while the other majors were consolidating, the move is marked by two descending trendlines connecting lower highs and lower lows(see chart below). After breaking a support level the pair bounced back and retested it as resistance for a couple of times, break of the smaller upswing would have made a […]
Subjects · Rising uncertainties in the global economy · Latin America enters a phase of cyclical deceleration, including credit growth · Potential risks to the banking system are curtailed by a sound regulatory framework and lower dependence of external financing · Recent regulatory changes are helping to fulfil the potential of the financial sector in […]
Euro-zone July annual M3 growth exceeds expectations at 9.3% August 28th, 2008 LONDON (MarketWatch) — M3 money supply growth in the 15-nation euro zone decelerated to an annual rate of 9.3% in July from 9.5% in June, the European Central Bank reported Thursday. The pace exceeded market expectations for 9% growth, […]
Bodycote to sell testing arm to Clayton Dubilier at $764 mln August 28th, 2008 TEL AVIV (MarketWatch) — Bodycote Plc, the Macclesfield, U.K., provider of metallurgical, testing and other services, will sell its Testing Group to Clayton, Dubilier & Rice for 417 million pounds ($764 million), the New York private-equity […]
Wednesday’s US Dollar Trading • USD whipsaws with conflicting data • Traders note volumes thin again • US data inconclusive Overnight Preview • Look for more two-way action • Should get quiet ahead of US data in the morning Looking Ahead to Thursday All times EASTERN (-4 GMT) • 8:30am USD […]
Forex Trading News: EURUSD Finds Nice Support at 61.8% The EURUSD was able to break through the 61.8% level during the Asian session, which was the resistance at the time. Now this same level has provided a strong support as the pair has bounced off a few times breaking 1.4800 hitting session […]
(by daily20pip.com) Hi traders, you already know that earning your way around Forex trading is challenging but rewarding. It’s going to require a learning curve, so you’re going to need to learn some things about Forex trading before you start to trade with your own money. If done properly, though, you can become a […]
Siemens in talks with sovereign wealth funds: report August 28th, 2008 LONDON (MarketWatch) — Siemens has held talks with sovereign wealth funds in the Middle East and Russia in a bid to expand its long-term investor base, according to a report in the Financial Times newspaper Thursday. Citing an interview […]
Aug. British house prices saw 10.5% annual drop: Nationwide August 28th, 2008 LONDON (MarketWatch) — The average British house price saw a monthly decline of 1.9% in August, mortgage-lender Nationwide reported Thursday. Prices have fallen by 10.5% compared to August last year, marking the first double-digit decline in the annual […]