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"With the breakdown of Euro Area GDP data and US Jolts figures the ‘highlight’ of today’s economic news, the FX market will go on watching bonds. There is no catalyst for EUR/USD to fall back unless amnesia fades and we remember the implications of the US data...
US DOLLAR TECHNICAL ANALYSIS Prices areaccelerating upward anew, with prices on pace to challenge monthly highs. Near-term resistance is at 12018, the 38.2% Fibonacci expansion, with a break above that on a daily closing basis exposing the 50% level at 12067...
What are the basic differences between the G7 and their rival group BRICS? Why does the "club of the mature" hardly need to include China? Deutsche Welle's columnist Frank Sieren reflects upon these questions shedding light on what role Russia played in underlining the differences...
Oil prices edged higher on Tuesday, as a weaker greenback lent support to commodities, and as investors awaited inventory data due later in the day. More oil data is expected on Wednesday and on Thursday...
The road back for the US Federal Reserve to ‘normal’ interest rates, inflation and economic growth is uncertain...
The Office of Financial Research - the U.S. institution that watches risks in the financial sector in the wake of the Great Recession - said it still does not understand why there has been an increasing number of sharp selloffs in the U.S. and European bond markets...
Good Afternoon (East Indonesia Time...
According to Westpac: "Friday’s EUR/USD close completed a bearish 3 day pattern, confirming the end of the recent upward correction." German 10-year yield ended only slightly higher on Friday despite more notable post-employment report, notes BNP Paribas...
On Tuesday the British currency was weaker against the dollar, despite data indicating that the U.K. trade deficit fell to the lowest in more than a year in April...
Apple Pay will be linked to loyalty cards and will be introduced in the United Kingdom in July, as the company seeks to overcome hiccups with its electronic payment system, combating rivals such as Google Inc., EBay Inc.’s PayPal, etc. At 9 a.m...
"Gold's inability to rally in response to the weaker dollar this past week is a disappointment and reinforced the bearish trend that's been in place since the mid-May rally above $1,220," said Ken Morrison, trader and editor Morrison On The Markets...
If Greece fails, it will be the beginning of the end of the eurozone, Greece's Prime Minister warned this morning, as he struggled to reach an agreement with creditors...
On Tuesday the Australian dollar was lower against its U.S. peer, despite upbeat business confidence data from Australia. The greenback was also broadly lower after Monday's report saying that U.S. President Barack Obama...
Chinese online game and mobile Internet application developer NetDragon announced that Simon Leung, former Microsoft worldwide senior vice president and Greater China CEO, has joined NetDragon as deputy chairman of the board of directors...
Generally we will buy an item if it's cheap and sell it when the price has been high. If you know the price of the goods you would buy today tomorrow will come down, then you certainly will wait until tomorrow to buy it...
"The AUD/USD has been on a wild ride of late, rallying to a high of 0.8164 on 14 May, only to plunge to below 0.76 on 1 June before settling near 0.77 in front of Friday’s US payrolls report...
Gold scored gains on Tuesday (09/06)) this morning and moved off the range in the middle of the weakening u.s. dollar. However, the increase is still located near the low level 12 weeks due to investors who still yammer busy observe implementation time levels rise in U.S. interest rates...
Greece Accepts Being Near Economic Collapse The Greek Government recently admitted that their economy is standing on the verge of being collapsed...
