Daily Sound Bites
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Daily FX
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50 minutes ago DAILY SOUND BITES A daily review of comments from selected officials across the globe and their respective insights into global macro economics as related to the foreign exchange market .....
U.K. Economy Contracted Less Than Expected But BoE Continues To See Risks
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Daily FX
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1 hour, 20 minutes ago The U.K. economy contracted 0.3% in the third quarter according to the preliminary GDP reading. The shortfall was less than the initial reading of -0.4% as private consumption was stronger than expected.
U.K. Preliminary 3Q GDP Revised Higher
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Daily FX
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1 hour, 34 minutes ago The U.K. gross domestic product for the third quarter slid 0.3% from the previous three months to match economistsâEuro™ expectations, as compared with an initial forecast for a 0.4% contraction, the office for National Statistics said today in London.
Greenback Turkey'd Ahead of Thanksgiving
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Daily FX
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1 hour, 45 minutes ago The USD has been offered all day with the initial selling seen accelerating into European trade and ahead of the US open. The Swiss Franc and Euro have both surged to fresh 2009 highs against the Greenback, while all other major currencies are very well bid, including the Yen, which has cleared some recent trend highs and now eyes a retest of its late 2008 and early 2009 highs against the buck.
Oil rises above $76 amid dollar's decline
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AP
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2 hours, 6 minutes ago Oil prices rose above $76 a barrel Wednesday as the dollar weakened and investors awaited data on the U.S. economy and crude inventories.
British Pound Remains Bid Following 3Q GDP, Euro Hits Fresh Yearly High of 1.5096
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Daily FX
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2 hours, 9 minutes ago The British Pound retraced the previous dayâEuro™s decline against the greenback and crossed back above the 20-Day SMA to reach a high of 1.6729, and the currency may continue to appreciate going into the North American trade as the economic docket reinforces an improved outlook for the U.K.
USD/JPY Classical
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Daily FX
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Wed 4:52 am ET Remains locked in an intense downtrend, with the latest setbacks below the recent trend lows at 88.00 to now unlock the critical matched trend lows from late 2008 and early 2009 by 87.15.
USD/CHF Classical
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Daily FX
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Wed 4:22 am ET USD/CHF âEuro“ The latest setbacks have now severely damaged the prospect for a major double bottom formation, with the market dropping back into the 1.0000âEuro™s, to potentially warn of a push below parity.
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