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12/06/2007 12:52 PM
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12/06/2007 12:52 PM
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Slovakian Koruna Falls To 1-month Low Against US Dollar
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Forex - [USD/SKK] 12/6/2007 7:01:18 AM The Slovakian koruna weakened against the US dollar during early deals on Thursday. The Slovakian currency touched a 1-month low of 22.8100 at about 6:40 am, compared to yesterday's close of 22.7270. Forex - US
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12/06/2007 12:52 PM
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Japanese Yen Falls Against Majors, Now Trading At 111.09 Against US Dollar
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Forex - [] 12/6/2007 7:41:16 AM Japanese yen falls against majors, now trading at 111.09 against US dollar Forex - Bank Of England Cuts Key Interest Rate By 25 Points [GPB/USD] 12/6/2007 7:13:24 AM The Bank of England's Monetary Policy Committee cut its
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12/06/2007 12:52 PM
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Peso still rising
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Supported by heavy dollar inflows, the peso rose to a new seven-and-a half-year high of 41.850 to the dollar yesterday, leaving behind other currencies in the region as uncertainties about the fallout from the US mortgage crisis and interest rate
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12/06/2007 12:44 PM
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Dollar Climbs To 1 -month High Against Swedish Krona [USD/SEK]
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AM Thursday morning, the British pound showed a mixed performance against its major counterparts. The pound advanced against the euro and the franc, but it declined versus the dollar and the yen. The British industrial and manufacturing production data
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12/06/2007 12:44 PM
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Hungarian Forint Hits 3-day Low Against US Dollar [USD/HUF]
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Forex - 12/6/2007 6:57:25 AM During early trading on Thursday, the Hungarian forint weakened against the US dollar. The Hungarian currency touched a 3-day low of 173.38 at about 4:50 am ET, compared to yesterday's close of 172.67. As of now, the pair is
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12/06/2007 12:44 PM
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US Dollar Rises To 3-week High Against Estonian Kroon [USD/EEK]
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Forex - 12/6/2007 7:00:10 AM The US dollar strengthened against the Estonian Kroon during early trading on Thursday. The dollar hit a 3-week high of 10.7504 at about 3:10 am ET, compared to yesterday's close of 10.6747. As of now, the pair is trading at
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12/06/2007 12:43 PM
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Slovakian Koruna Falls To 1-month Low Against US Dollar [USD/SKK]
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Forex - 12/6/2007 7:01:18 AM The Slovakian koruna weakened against the US dollar during early deals on Thursday. The Slovakian currency touched a 1-month low of 22.8100 at about 6:40 am, compared to yesterday's close of 22.7270. Forex - US Dollar Rises
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12/06/2007 12:42 PM
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FOREX-BoE rate cut hurts sterling, cheers dollar
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LONDON, Dec 6 (Reuters) - The dollar struck a one-month high against a basket of currencies on Thursday, as a rate cut from the Bank of England confirmed investors' views that credit and subprime troubles were a global, and not just a U.S. problem.
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12/06/2007 12:42 PM
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BoE Rate Cut Hurts Sterling, Cheers Dollar
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Extract not available.
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12/06/2007 12:31 PM
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How Will the ECB and BoE Rate Decisions Affect the Euro and British Pound?
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European Central Bank Decision (12:45 GMT; 07:45 EST) Expected: No Change, 5.75% Expected: No Change, 4.00% What Are The Markets Facing? On Thursday, two major central bank decisions are scheduled to be released, and the results could have a large
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12/06/2007 12:31 PM
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Canadian Dollar Tests 1.0200
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Commentary: The USDCAD is putting the trendline / Fibonacci combination that we mentioned yesterday to test. Price is just above the 61.8% of 1.0866-.9055 at 1.0174. A daily close above the trendline gives scope to the next level of potential resistance
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12/06/2007 12:31 PM
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Australian Dollar Remains Choppy
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Commentary: We are maintaining a bullish stance against .8653, although confidence in the pattern is low at this point. The decline from .9399 could be just an a-b-c decline. This is suggestive of a resumption of the uptrend and eventual rally through
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12/06/2007 12:31 PM
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Euro Remains In Correction
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Commentary: We maintain that wave 4 within the 5 wave bull cycle from 1.3261 is underway now. Wave 2 (of the same degree) took 4 weeks to play out and this week is week 3 for wave 4. Therefore, we expect a significant bottom to form next week. It is
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12/06/2007 12:31 PM
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British Pound Plummets
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Commentary: We wrote yesterday that a well defined channel goes back to May 2006. Notice that the GBPUSD has broken below the midpoint of that channel. As such, a bearish bias is warranted until at least a test of channel support near 2.0100/2.0150. The
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12/06/2007 12:31 PM
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Japanese Yen at 20 day SMA
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Commentary: The correction that we have expected could be complete at 109.66. A rally through 110.67 would instill confidence in this scenario. The other possibility is that the correction from 111.22 is not over yet and that a larger more complex
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12/06/2007 12:30 PM
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New Zealand Dollar May Break Higher
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Commentary: The large 5 wave advance from .6639-.7891 indicates that the larger trend is up but a larger correction is expected before a resumption of the uptrend. The decline from .7891 has yet to even reach the 38.2% level of the previous rally. As
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12/06/2007 12:30 PM
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Dollar Rises vs. Pound After BOE Cut Rates
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The dollar rose against the pound on Thursday after the Bank of England cut its key interest rate by 25 basis points to 5.50%. The BoE issue policy decision was inclined to cut rates after a spate of weak housing and service sector data in Britain this
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12/06/2007 12:30 PM
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US Dollar Sees Upward Momentum on ADP Employment Figures, Fed Rate Sentiment Changes
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The US dollar rallied strongly through Wednesday currency trading, as a sharply positive surprise in morning ADP Employment Change data lifted sentiment for domestic economic growth. The private payrolls data showed that employers added the most jobs in
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12/06/2007 12:30 PM
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Paulson Plans to Bail Out Mortgage Lenders. Will this Help the U.S. dollar?
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Henry Paulson, the United States Treasury Secretary, is expected to unveil a plan to address the crisis in the U.S. credit markets which was triggered by the collapse of the U.S. subprime market. Nearly $US362 billion worth of sub-prime loans are due to
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12/06/2007 12:30 PM
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Euro and British Pound Likely to See Further Breakouts in Price Through Week Ahead
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Implied volatility is one of the most tried and true methods for objectively measuring expected volatility in the spot market. At its most fundamental, the basic and intuitive interpretation of this implied data is often the most telling for traders.
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12/06/2007 12:30 PM
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Bank of England: Surprise, Surprise
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Will the Bank of England be the next central bank to surprise the financial market with lower interest rates?
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12/06/2007 12:29 PM
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Strong Rally in Stocks Triggers Rebound in Carry Trades
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The 196 point rally in the Dow today has triggered a rebound in carry trades as the strong ADP numbers helps to boost risk appetite.
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12/06/2007 12:29 PM
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US Dollar Strengthens, but Some Traders Think the ADP Number is Fishy
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- ECB President Trichet Faces Very Difficult Monetary Policy Decision - Bank of England: Surprise, Surprise Going into Fridays non-farm payrolls report, the financial market had resigned itself to softer job growth. Today that sentiment was thrown out
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12/06/2007 12:29 PM
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FX Radio: Traders Await Critical Bank of England and European Central Bank Decisions, Dollar Remains Bid
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Click Link to Listen to our Evening DailyFX Radio PodCast: http://media.dailyfx.com/podcasts/FXRadioPM120507.mp3 Key Points US Dollar sees upward momentum on Upcoming European Central Bank and Bank of England rate decisions to drive considerable
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12/06/2007 12:29 PM
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Dollar - Will The BoE and ECB Stop Its Rally?
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Talking Points Yen: Lower as Nikkei takes cue from Dow Pound: MP and IP surprise to the upside all eyes on BoE Euro: Trichet holds the key US Dollar: Jobless claims on tap Central bank announcement night in FX and as might be expected trading is
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12/06/2007 12:13 PM
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US Dollar Up in Europe
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LONDON (AP) The U.S. dollar was mostly higher against other major currencies in European trading Thursday morning. Gold fell.The euro traded at $1.4571, down from $1.4619 late Wednesday in New York.Other dollar rates:110.81 Japanese yen, up from
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12/06/2007 12:07 PM
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US Dollar Up in Europe
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LONDON (AP) -- The U.S. dollar was mostly higher against other major currencies in European trading Thursday morning. Gold fell.The euro traded at $1.4571, down from $1.4619 late Wednesday in New York.Other dollar rates:--110.81 Japanese yen, up from
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12/06/2007 12:07 PM
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Euro Lower Against Dollar in Europe
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an Trading FRANKFURT, Germany (AP) -- The euro slipped and the pound gained against the U.S. dollar on Thursday ahead of interest rate decisions by the European Central Bank and the Bank of England. Analysts say both banks are likely to keep their
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12/06/2007 12:05 PM
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US Dollar Up in Europe
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LONDON -- The U.S. dollar was mostly higher against other major currencies in European trading Thursday morning. Gold fell. The euro traded at $1.4571, down from $1.4619 late Wednesday in New York. Other dollar rates: _110.81 Japanese yen, up from 110.55
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12/06/2007 12:02 PM
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Manufacturing grew 0.3 in October
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Manufacturing was confirmed as the bright spot in a weakening UK economy on Thursday by official data showing an unexpectedly strong rebound in output in October. The Office for National Statistics said manufacturing output grew 0.3 per cent between
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