by News Editor
on 07. Sep, 2010
in Market Insights
German factory orders unexpectedly fell in July as demand in the euro region weakened, indicating the recovery in Europe’s largest economy is losing momentum.
Orders, adjusted for seasonal swings and inflation, declined 2.2 percent from June, when they surged a revised 3.6 percent, the Economy M...
by Mohammed Isah
on 07. Sep, 2010
in Technical Analysis
GBPUSD: Edging Towards The 1.5326 Level.
GBPUSD: With the pair’s failure to establish a clear recovery strength occurring on Monday and a follow-through lower seen in early trading today, the bears are now on the verge of recapturing the 1.5326 level
by Mohammed Isah
on 07. Sep, 2010
in Market Insights
South Africa’s rand weakened the most in five trading days on renewed concern the global economy will slow and after a report showed the nation’s central bank boosted dollar purchases to stem gains in the currency.
The currency of Africa’s biggest economy declined for a second day, losing as much...
by OANDA
on 07. Sep, 2010
in Market Insights
Our Summer hiatus is over’ it’s back to cracking them books, back to stroking our ‘egos’ as we spin the wheel and try and figure out what policy makers next moves will be. Governor Stevens last night was a slam dunk. He was PM’less up to their interest rate release. The BOJ’s Shirakawa said that...
by ForexMagnates
on 07. Sep, 2010
in Forex Industry
FXCM, arguably the largest broker in the world in terms of volume, has just announced plans to go public in the US. It would be interesting to see FXCM actually complete the IPO unlike Gain, one of FXCM’s largest US competitors (FXCM’s announcement comes exactly 12 months after Gain’s, how ironic)....
by TradingFloor
on 07. Sep, 2010
in Central Banks
A strong euro may soon start playing a more important part in the euro zone’s monetary stance.
As the outlook for the euro-zone recovery improves and inflation risks start to rise, the European Central Bank will be anxious to start tightening policy. But, with many European banks still addicted t...
by Cliff Wachtel
on 07. Sep, 2010
in Market Insights
Overview: A classic EU sovereign debt/banking crisis fear inspired risk aversion day, slamming risk assets, especially the EUR. Sparked by a WSJ report that July bank stress tests understated PIIGS bond exposure. This is old new, but comes at a sensitive time as PIIGS seek to sell $80 bln in bonds...
by News Editor
on 07. Sep, 2010
in Market Insights
Greek Prime Minister George Papandreou reshuffled his Cabinet for the first time, demoting a key minister in charge of growth. Finance Minister George Papaconstantinou retained his post.
Michalis Chrisochoides, who until now headed the police ministry, will replace Louka Katseli as head of a reva...
by News Editor
on 07. Sep, 2010
in Market Insights
China's "big four" state-owned banks extended a combined CNY218.8 billion in new loans in August, Caing.com website reported, citing banking industry figures.
Lending by the "big four" -- Bank of China, Industrial and Commercial Bank of China, China Construction Bank and Agricultural Bank of Chi...
by PivotFarmer
on 07. Sep, 2010
in Technical Analysis
Where are we with the Euro?
I‘d like to look at the price action of the Euro/Dollar over various timeframes in order to gain perspective on possible future scenarios.
This first look, we are looking at this past month’s price action and are able to see a possible continuation of a 5 wave move ...