Posted on November 9, 2012 by the XM Investment Research Desk at 12:27 pm GMT
Important Notice: This investment research was produced by an independent analyst and Trading Point of Financial Instruments Ltd has verified that the producer of the investment research is subject to requirements equivalent to the requirements under Directive DI144-2007-01 of 2012 of the Cyprus Securities and Exchange Commission in relation to the production of the research.
Latest Market and Forex News
The FOMC statement from Wednesday still dominated markets today, keeping the dollar firm and the euro and sterling in their recent ranges. The Fed’s message supports the upward dollar trend as it signaled that the earliest it would increase interest […]
The Federal Reserve statement, which was released following its 2-day meeting that ended on Wednesday, contained no big surprises. Still, there were some shifts in the Fed’s language which do provide clues as to what happens next.
The most important point […]
The US dollar firmed in the previous session and retained those gains during the Asian session, after the Federal Reserve gave a positive assessment of the US economy. The euro was driven below the 1.13 level to trade as low […]
EURJPY maintains its bearish trend in the medium term and is neutral on an intra-day basis. The recovery looks limited after bouncing from a low of 130.13. The pair rallied to 134.34 yesterday before easing back down to 132.80.
The intra-day […]
Currency markets were relatively calm as many investors preferred to wait on the sidelines ahead of an important risk event today – the Federal Reserve issues its statement later in the US session and will be the main highlight of […]
The news that Australian consumer prices for the fourth quarter held well, put a damper on expectations that the Reserve Bank will cut interest rates in the near future. While the headline inflation slightly missed expectations as a result of […]
AUDUSD has made some recovery from a 6-year low of 0.7857 reached earlier this week and has since bounced to test the key 0.8000 level. This will prove to be an important resistance level. The pair managed to briefly breach […]
The US dollar was trying to make a comeback after being sold heavily the previous day because of profit-taking and some mixed data that cast some doubts on the strength of the US economic expansion. Furthermore, according to the earnings […]
The euro extended gains against the dollar today after rallying from a fresh 11-year low of 1.1096 touched on Monday. There is some relief in the markets that the new Prime Minister of Greece, Alexis Tsipras, appeared willing to negotiate […]
Following the abandonment of the Swiss franc cap by the Swiss National Bank, currency traders have also recently attacked other pegs. One of these pegs under attack is the Danish Krone with the euro. The rationale is that the Krone […]