Archive for April, 2008
Wednesday, April 30th, 2008
Written by Terri Belkas and David Song, DailyFX.com
The US dollar gained against most of the major currencies ahead of the market moving data scheduled for tomorrow, and pushed investors to lower their risk appetite as they raised bets of a 25bp rate cut. As a result, the ...
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Sunday, April 27th, 2008
Source: DailyFX.com
The US dollar staged a massive comeback last week as US economic data indicated that, while conditions remain dismal, they aren’t quite as bad as expected. First, the Richmond Fed index “only” fell to 0 from +6, versus expectations of a drop to -1, while existing ...
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Thursday, April 24th, 2008
Thursday, 24 April 2008 13:24:40 GMT
Written by John Rivera, Currency Analyst
The GBP/USD has remained in a trading range between 1.9600 to 2.000 for nearly a month. The upcoming first quarter growth numbers may provide the impetus to break it free and put it onto its next trend phase. The economic ...
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Thursday, April 24th, 2008
Written by Kathy Lien, Chief Strategist of DailyFX.com
The Japanese Yen crosses were mixed today with USD/JPY rallying but many of the other yen crosses dipping despite a 42 point rally in the Dow.
After breaking higher last Friday, there has not been much follow through in US equities, ...
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Sunday, April 20th, 2008
(CEP News) - It's an important week for Japan and Australia, with both countries releasing inflation data.Looking at Australian inflation, economists expect the Reserve Bank of Australia weighted median for the first quarter to rise 0.9% following a 1.1 % rise in the fourth quarter of 2007. Annual weighted median ...
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Thursday, April 17th, 2008
(CEP News) - On Thursday, markets will focus on Canada with the release of March CPI inflation data. In the United States, the Philadelphia Fed's manufacturing survey will be the highlight of the day.Canadian annualized core CPI is expected to remain below the Bank of Canada inflation target, coming in ...
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Sunday, April 13th, 2008
via Action Forex
(CEP News) - Despite the slowdown in the U.S. and other industrialized nations, the outlook for the developing world remains optimistic, U.S. Treasury Secretary Henry Paulson said on Sunday.Paulson was speaking to the Development Committee, a body that focuses on the needs of poorer countries. At the beginning ...
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Thursday, April 10th, 2008
(CEP News) - The Federal Reserve received only $33.95 billion for a $50 billion auction through the term securities lending facility, officials announced Thursday.The absence of participants resulted in a bid-to-cover ratio of 0.68. This is much lower than the previous bid-to-cover ratios of 1.15 and 1.88 and could mean ...
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Thursday, April 10th, 2008
via Action Forex
(CEP News) - On Thursday night, Asian markets will receive Japan Domestic CGPI for March.Economists expect Japan's domestic CGPI to rise 0.3% following February's rise of 0.4%. Annualized, the consensus is for a rise of 3.5% following February's rise of 3.4%.
Although no economic data is expected for Australia, ...
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Sunday, April 6th, 2008
(CEP News) – Speaking in an interview with Bloomberg News, U.S. Labour Secretary Elaine L. Chao said she did not think the U.S. economy was in recession yet.She said Friday morning's decline in nonfarm payrolls, released by the Bureau of Labor Statistics, was due partly to an autoworkers strike at ...
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