Foreign exchange dealers manning treasury departments of leading banks are taking home hefty bonuses following an unusually active first quarter for currency traders.
GBP falls on weak Retail data and doom and gloom from BOE's Blanchflower. CAD oddly resilient despite oil sell-off. MAJOR HEADLINES - PREVIOUS SESSION US Feb. S&P/CaseShiller Home Price Index fell -12.7% vs. -12.0% expected and vs. -10.7% in Jan.
Typical trend reversal moves namely contrarian moves are happening in the market.Euro firming up and GBP drop,GBP drop and USD/YEN dip are contrarian moves seen during trend reversal time.They make the stop hunts in Commodity pairs,YEN crosses,Majors and European crosses
On April 24, 2008, China Clean Energy Inc. (OTCBB: CCGY) announced in a press release they have suspended the production of biodiesel. The company has decided to focus on their historical business of development and manufacture of specialty chemical products
Ballard Power Systems, Inc. (BLDP) engages in the design, development, manufacture, and sale of hydrogen fuel cells for materials handling, residential cogeneration, and back-up power applications worldwide.
THE rand held its ground yesterday, clinging to nine-month lows against the dollar as the oil price stayed high and interest rate changes were expected.
EUR/USD drifted lower yesterday as poor EU data dented euro sentiment. Weak UK data also blocked the sterling rebound. More bad news for the euro zone and the Fed paving the way for a prolonged pause in its easing campaign
All the wait, all the wondering, all the speculations, all will materialize today, as the U.S. economy takes over markets, and start pumping its famous class A fun-damentals, starting form ADP report, to the GDP Growth, passing through PCE and
The long awaited day has come finally, the FOMC will announce their decision to their interest rates later today but first a set of data will be released from various economies around the planet, and should have major impact on
As for the GDP - well, it's probably a tighter call than the FOMC decision and will go down to the wire with what could be a fairly strong knee jerk reaction but which will likely calm down until the
USD/JPY's fall from 104.82 continues in early US session and break of 103.75 minor support confirms that an intraday top is in place. Intraday bias is flipped back to the downside for lower channel support (now at 101.90). Note that
The Japanese yen seems to be the biggest winner in a day of weak economic data from US and UK. US conference board consumer confidence dropped sharply from upwardly revised 65.9 to 62.3 in Apr. Released in from US, S&P
Outlook in EUR/USD remains unchanged. Intraday bias remains on the downside as long as 1.5664 minor resistance holds. As discussed before, EUR/USD should have at least made a short term top after completing a diagonal triangle that started at 1.5342
Cable's sharp fall from 1.9965 and break break of 1.9781 support indicates that rise from 1.9676 has completed and turns outlook mixed for the moment. The falling wedge formation from 2.0391 to 1.9599 remains a tricky part of the whole
USD/CHF continues to be bounded inside tight range below 1.0430 and is still struggling to take out 1.0352/83 resistance zone decisively. An intraday top is likely in place with 4 hours MACD staying below signal line. Intraday outlook is turned
USD/CAD continues to stay inside range of 1.0059 and 1.0214 today, without making any progress. The corrective look of the rise from 0.9987 to 1.0214 argues that consolidation from 1.0326 is still in progress. below 1.0059 is needed to revive
