EUR and AUD Forecasts
July 28, 2009 3:15 pm by Natalie R.EUR The EUR holds firm against the U.S Dollar today after it hit its highest in 8 weeks Monday, when a jump in U.S. New Home Sales encouraged investors to seek riskier assets. The EUR edged up 0.1% to $1.4243 after ...
CB Consumer Confidence on Tap
June 30, 2009 10:03 am by Natalie R.The market appears dominated by rising confidence in Europe mixed with poor economic data. Despite negative reports, consumer optimism is on the rise. This has led to an increase in risk appetite which in turn boosts higher yielding currencies such ...
Commodities Weekly Forecast – Week of 27 April 2009
April 27, 2009 3:11 pm by Natalie R.Gold Gold, which has registered 4 straight sessions of gains, has risen 5% over the past week and is 8% below an 11-month high above $1,000 hit in February. On Monday, Gold jumped to its highest in almost 4 weeks as ...
European Currency Forecast – 27 April 2009
April 27, 2009 6:39 am by Dan EduardGBP The Pound has faced a tough week of trading against its major currency crosses. This comes about as Britain's Chancellor of the Exchequer delivers his annual budget. As soon as it was released the Pound reacted negatively yesterday. However, as ...
USD Regains Lost Momentum from Under-Performing Stock Market
April 8, 2009 5:29 am by Greg HoldenThe USD has begun a moderate rally these past two days, starting from as high as 1.3575 against the EUR, the greenback is now trading near the 1.3200 price level. An even sharper price rally began this morning during the ...
EUR’s Recent Depreciation May Not End This Week
April 8, 2009 5:27 am by Greg HoldenThe EUR has apparently taken a hit from the recent rally in the U.S. Dollar, and not just against the USD. Dropping against all of its major currency rivals, the EUR is poised to suffer a significant loss through the ...
EUR Gains Could Hold Steady – Market Forecast 6 April 2009
April 6, 2009 9:12 am by Russell GlaserEUR This past week the EUR moved predominately higher against a basket of currencies as the European Central Bank (ECB) decided on an interest rate cut that was less than forecasted. A 25 basis point rate cut took the European benchmark ...
Canadian GDP Report – CAD Forecast
March 30, 2009 6:02 pm by Russell GlaserThe Canadian Dollar was losing ground midway through Monday’s trading as investors reposition their Loonie trades in anticipation of monthly GDP numbers from Canada. The USD/CAD reached all the way to the 1.2536 level from an opening of 1.2412.
