Archive for the ‘Forex News’ Category
Source: ForexYard
Traders moving assets to safer, lower yielding currencies appear to be playing a factor in the correction of the major crosses. The USD and JPY, which are seen as a safer bet than others currencies in times of market stress, will likely keep drawing demand as investors stay away from riskier assets.
Economic News
USD – [...]
Video courtesy of ForexCT – A leading Australian forex broker, liscensed by the Australian Securities & Investments Commission, offers the MetaTrader4 and PROfit Platform to retail traders. Other services include Segregated Accounts, Trading workshops, Tutorials, and Commodities trading.
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By TraderVox.com
Tradervox (Dublin) - The single currency held on the recovery the late night recovery of yesterday as it traded above the 1.3300 levels. The pair is approaching the monthly highs formed during this week. It is currently trading around 1.3351, up about 0.38% for the day.
The support may be seen at 1.3325 and [...]
Source: ForexYard
Good news for the 17-nation currency as Europe’s finance ministers met today to discuss a possible increase in the rescue fund.As a result of the meeting, European stocks extended the biggest first-quarter gains since way back in 2006 and the Euro appreciated whilst default risk dropped.
The Euro made gains of 0.4% over the U.S [...]
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By TraderVox.com
Tradervox (Dublin) - The Euro has been on a bearish run against major currencies this week due to the eurozone finance ministers meeting today which is expected to endorse a plan to combine the European Stability Mechanism kitty with that of European Financial Stability Facility. This will be done in a bid to [...]
London Gold Market Report
from Ben Traynor
BullionVault
Friday 30 March 2012, 09:00 EDT
U.S. DOLLAR gold bullion prices hit $1669 an ounce ahead of US trading, more or less in line with where they started the week.
Stocks and commodities edged higher and US Treasuries dipped, while the Euro gained ahead of today’s Eurozone finance ministers’ meeting in Copenhagen.
Silver bullion meantime [...]
Source: ForexYard
• Below is the 4-hour chart for the Gold by ForexYard.
• The indicators used are the MACD, Slow Stochastic and RSI.
• Point 1: The Slow Stochastic shows a bearish cross, signaling that the next move may be in a downward direction.
• Point 2: RSI signals that the price of this pair currently floats in the over-bought territory, indicating [...]
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By TraderVox.com
Tradervox (Dublin) - European Finance Ministers have capped the firewall kitty at 500 billion Euros after Germany led a coalition to oppose a further expansion of the region’s firewall power. This comes as a shock to traders who were expecting a consensus in building a larger firewall kitty. However, the 500 billion lending [...]
By OilPrice.com
Rising geopolitical tensions and high oil prices are continuing to help renewable energy find favour amongst investors and politicians. Yet how much faith should we place in renewables to make up the shortfall in fossil fuels? Can science really solve our energy problems, and which sectors offers the best hope for our energy future?
To [...]
After touching 1.5991 previous high resistance, GBPUSD pulled back from 1.6000, suggesting that a cycle top is being formed on 4-hour chart. Initial support is at the lower line of the price channel, and the key support is at 1.5770, as long as this level holds, uptrend from 1.5602 could be expected to resume, and [...]
