europe foreign currency exchange technical analysis

Aussie Dollar Could Drop on Weaker-than-Expected Employment Report

The Antipodean currency has experienced a choppy ride during the past week. A wave of risk aversion on Tuesday caused the Aussie dollar to drop two cents and give up most of its gains during the week.Today the Aussie dollar has remained relatively range bound, hitting a session high of 0.6601 USD and a session low of 0.6483 USD. The Aussie dollar is up 0.23 cents to 0.6571.Strategists are waiting for January's employment number, which they said could add to

foreign currency trading analysis - forex foreign exchange and trading - europe foreign currency exchange technical analysis

ECB's Ordonez Says "Very Probable" Rates Will Come Down in March

We can clearly keep cutting from 2% and it's very probable that in the next session we will cut, Ordonez told reporters in Zaragoza, Spain on Wednesday. However, the central banker hesitated when asked whether the ECB could bring its refi rate to as low as zero. At the moment, I wouldn't even consider it because we're still very far from that situation.Ordonez, also the Governor of the Bank of Spain, warned that Spain needs to implement structural reforms to

foreign currency trading analysis - forex foreign exchange and trading - europe foreign currency exchange technical analysis

Trade with FXCM, Forex Capital Market

If you open a Live Account through FXCM, you will get FREE unlimited access to DailyFX Plus with live streaming news and expert market commentary.

fxcm - daily forex currency trading - forex foreign exchange and trading

Morning Market Recap: Canadian Dollar Falls on First Trade Deficit in 33 Years

The Canadian trade deficit broke a streak of 405 consecutive months of trade surpluses. Economists were expecting a C$500 million surplus in the December figures.

forex trading foreign exchange trading forex analysis - forex foreign exchange and trading - europe foreign currency exchange technical analysis

ECB's Stark Expects Economic Recovery in 2010

According to the International Monetary Fund we are in a global recession, Stark said in Stuttgart on Wednesday. I don't see a depression. Next year, we can expect an economic recovery.Written by CEP News European Staff, eunews@economicnews.ca, edited by Stephen Huebl, shuebl@economicnews.caCEP Newswires - CEP News © 2008. All Rights Reserved. www.economicnews.caThe Copying, Broadcast, Republication or Redistribution of CEP News Content is Expressly Prohibited Without the Prior Written Consent of CEP News. A copy of CEP News disclaimer can be

forex trading foreign exchange trading forex analysis - forex foreign exchange and trading - europe foreign currency exchange technical analysis

Fed's Evans Says $1 Trillion TALF Could Come Into Effect Within Weeks

The Federal Reserve announced Tuesday it would be expanding the program to take on as much as $1 trillion in assets, including mortgage-backed securities. Speaking in Des Moines, Iowa, Evans said taking the toxic assets off banks' balance sheets should attract more private investment.Evans said there are signs that fiscal and monetary policy actions taken by U.S. officials are reducing the strain financial markets, but that disturbances remain. On the subject of further Fed initiative, Evans said

foreign currency trading analysis - forex foreign exchange and trading - europe foreign currency exchange technical analysis

ECB Vice-President Calls on Europe to Take Stance on Toxic Assets

The encouragement comes one day after the U.S. government announced it is expanding its Troubled Asset Lending Facility (TALF) program to take on up to $1 trillion in troubled assets.Speaking on Wednesday in London, Papademos said that while he is upbeat about the improvements in money markets, tough times still lie ahead. He warned European nations against logging soaring deficits, and encouraged each to come up with an exit strategy on current spending programs.On monetary policy, Papademos said a cut

forex trading foreign exchange trading forex analysis - forex foreign exchange and trading - europe foreign currency exchange technical analysis

FOMC Keeps Rates Unchanged, Hints at Purchasing Treasuries

In terms of policy, the Jan. 28 statement wasn't so distinct from the Dec. 16 statement. William Poole, former Governor of the St. Louis Fed, said the changes were

foreign currency trading analysis - forex foreign exchange and trading - europe foreign currency exchange technical analysis

ECB Doing What is Necessary to Deal With Crisis, Says González-Páramo

Speaking in a radio interview on Wednesday, the central banker also said that 2.00% is not the lowest level for the main refinancing rate and that the ECB is prepared to use both conventional and unconventional measures to bring the economy out of its slowdown.The central bank

foreign currency trading analysis - forex trading foreign exchange trading forex analysis - forex foreign exchange and trading

Fed's Duke Urges Stronger Efforts to Stem Foreclosures

Speaking in New York, Duke said foreclosures are likely to stay

foreign currency trading analysis - forex foreign exchange and trading - europe foreign currency exchange technical analysis