EU Raises 2010 GDP Forecast as Deficits
The euro-area economy may expand 0.7 percent next year, the European Commission said, raising its forecast even as budget deficits and jobless ranks swell further.
ForexNewsOnline Tue, 3 Nov 2009 13:14:00 UT
A Drop in German Exports Casts Doubt on Recovery
The German trade balance surplus unexpectedly shrank in January from 13.4 billion to 8.0 billion as falling exports offset rising imports. Demand from abroad dropped by 6.3% against forecasts for a 0.5% improvement led by weakness from other Euro-zone memb...
Daily FX Wed, 10 Mar 2010 13:13:47 GMT
Fed in Process of Orchestrating Policy Shift
While most currencies have been consolidating or tracking lower against the buck on the day, Kiwi stands out and has actually outperformed, with no direct catalyst for the demand other than some pre-RBNZ volatility.
Daily FX Wed, 10 Mar 2010 12:00:05 GMT
Euro Holds Narrow Range, British Pound Extends Decline as U.K. Manufacturing Falters
The Euro tipped lower against the greenback on Wednesday, with the exchange rate slipping to a low of 1.3545 during the overnight trade, and the single-currency is likely to maintain the narrow range carried over from the previous week as policy make...
Daily FX Wed, 10 Mar 2010 11:43:53 GMT
GBP Under Heavy Selling Pressure
Overall trading has been insipid in the Asian session, a testimony to the lack of real drivers out there. And while we have seen some decent volatility in FX, pairs have not broken out of mid-term ranges. Interestingly, equity indexes continue to climb hig...
ACM Newsletter Wed, 10 Mar 2010 00:00:00 GMT
China's Comments Will Haunt Gold Buyers
FX markets were nervously quiet in Asian session, just waiting for a directional catalysis. Initially, the deputy governor of the PBoC and the head of the SAFE, Yi Gang, at a press conference in Asia, provided some detailed and honest comments regarding Ch...
ACM Newsletter Tue, 09 Mar 2010 00:00:00 GMT
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