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EUR/USD April 10 – Euro Dips as Eurozone Investor Confidence Sinks
Euro dollar was down, after the Eurozone Investment Confidence Index plummeted. The dollar was also helped by a robust Chinese trade balance surplus, which took the markets by surprise. However, recent weak employment numbers in the US remain a source of concern. Are theses employment figures just a temporary blip, or an indication that the US economy may be slowing down?
US payrolls simply a bump in the road
In the wake of the US jobs numbers on Friday, which saw the dollar softer as QE3 talk was once again re-ignited, the dollar has continued south, although only modestly so, the dollar index down around a further 0.2% in the aftermath of the release. In sum, the weaker headline payrolls data should be put
Euro Stable as Debt Crisis Re-Emerges
40 Vote(s)
Rajoy seeks further cuts in education and healthcare
The Spanish Prime Minister, Mariano Rajoy, attempts to provide more efforts to calm jitters and avoid following other indebted nations into the debt-trap, where the Premier met yesterday the health and education ministers, seeking further cuts worth ar…
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GBP/USD Forecast April 10, 2012, Technical Analysis
The GBP/USD pair fell at first on the Monday session, but only to bounce and form a hammer at the end of the day. The pair is sitting just above the 200 day EMA, and this will certainly bring out the trend traders as they see this pair rising fro27 Vot…
GBP/USD Collapsed Today, Losing Yesterday’s Gains
On Monday Pound/Dollar increased with 80 pips. The Cable appreciated from 1.5835 to 1.5915 yesterday, in line with the positive Interbank sentiment at nearly +36%, closing the day at 1.5889. Today the British Pound strengthened further, lifting up to 1…
Japan Machine Tool Orders Up 2.4% From Previous Year
…of future economic outlook and business confidence. USD/JPY fell six points following the release, but the drop could be attributed to the earlier fifty point fall following the Bank of Japan’s decision leave its interest rate and easing policy on hold….
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Report: UK’s Cameron to visit Myanmar on Friday
…(AP) — British Prime Minister David Cameron will visit Myanmar on Friday, becoming the first leader of a major western country to visit the nation since the recent relaxation of military rule, a published report said Tuesday. Cameron’s office declined to comment…
Billion-dollar day for tech titans
…multiple fronts – technology, patents, advertising,” said Colin Gillis, an analyst with BGC Financial who covers Microsoft. “Microsoft, more so than others out there, has been (using) its patent portfolio as a way to generate license fees. This should strengthen…
Oil Falls for a Second Day in New York Trading; Brent Declines
…for May delivery fell as much as 43 cents, or 0.4 percent, to $102.03 a barrel in electronic trading on the New York Mercantile Exchange and was at $102.21 at 3:07 p.m. Singapore time. The contract yesterday declined 85 cents to $102.46, the lowest close since…
Kyocera Joins IHI, Mizuho to Build Japan’s Largest Solar Project
…reached an initial agreement to build the plant in Kagoshima prefecture in southern Japan at a cost of 25 billion yen ($307 million), they said in a statement today. Construction will start in July. Japan plans to start a feed-in tariff program in July, prompting…
GBP/USD D20P FOREX SIGNAL 10 APR 2012 released 00.40 GMT
D20P BUY A GBP/USD 1.5900
take profit 1.5920
stoploss 1.5870