At 12:53 GMT, the pair was at 1.3212, off an intra-day low of 1.3179 and from its previous close of 1.3259. With no key data due from the US through the rest of the day, the pair is likely to hold above the 1.3157-1.2970 support region.
The World Health Organization has endorsed a new, rapid tuberculosis (TB) test that can diagnose the killer disease within two hours.
UK factory orders continued to rise in December and the manufacturers expect the output growth to be robust in the next three months due to strengthening demand at home and abroad.
Jefferies & Co. downgraded rating of online DVD rental company Netflix, Inc. (NFLX) to 'hold' from 'buy' given the 270 percent run-up in the stock since January 2010, with a price target of $195.
German industrial production topped economists' expectations during October, a report by Destatis said, indicating the German economic recovery continues, contrary to fears of a slowdown.
Brazilian central bank's commitment to keep currency volatility on check also suggests the market's likelihood to be bullish for the pair at the slightest of real-negative.
China was the subject of most number of anti-dumping investigations in the first half of the year, and products exported from China attracted the highest number of anti-dumping measures by other countries, the World Trade Organization (WTO) has said in a report.
Japan’s trade with other nations rose only slightly in October, raising fears of a slowdown in the recovery of the export-dependent country.
Google's launch of e-book store has put the search giant in direct rivalry with market leader Amazon, unfolding an interesting battle on cards in the coming days.
The top after-market NASDAQ stock market losers are: Discovery Communications, Volterra Semiconductor, FX Energy, Netflix, Dollar Tree, Layne Christensen, Warner Chilcott, Expeditors International of Washington, OpenTable, and AgFeed Industries.
The top after-market NASDAQ stock market gainers are: Orexigen Therapeutics, Arena Pharmaceuticals, Mitcham Industries, VIVUS, Casella Waste Systems, Scientific Games, Discovery Communications, Digirad, Amylin Pharmaceuticals, DIRECTV, and Lamar Advertising.
After falling as low as 0.9779 from its previous close of 0.9827, AUD/USD is now targetting 0.9723 (S1) before hitting a relatively stronger support line at 0.9707 (S2).
The United Nations explains in a report why the fragile and uneven global recovery that started in 2009 began to decelerate in the middle of 2010 and lists the myriad of problems that still plagues the economy
Two Morgan Stanley economists predict that U.S. 10-year Treasury yields will rise to about 3.75 percent by the end of 2011 because of accelerated economic growth.
A moderate stock rally fueled by a compromise between President Obama and Republicans on tax extensions and unemployment benefits petered out in late-session trading, resulting in a narrowly mixed results for major equity indices.
Next target up for USD/CAD may be 1.0109 (R1) as suggested by the 38.2 percent Fibonacci retracement from 1.0285 to 1.0001, before a relatively stronger resistance near 1.0120 (R2).
Standpoint Research downgraded chip maker Intel to 'hold' from 'buy' on valuation concerns.
Fundamentals for the commodity currency now back AUD/USD targeting 1.0006, as the 61.8 percent fibonacci from 1.0181 to 0.9723 projects.
Economy of California is expected to witness a slight pick up next year with a drop in unemployment rate, said a report on Tuesday.
U.S. stocks advanced in early trade on Tuesday as sentiment was buoyed by President Barack Obama's announcement of an agreement with Republicans on a plan to extend income tax cuts for all Americans.
Search giant Google could witness a rally in its stock price amid its leadership in search advertising market and soaring adoption of its Android operating system in smartphones and tablets.
The top pre-market NASDAQ stock market losers are: Geron, Fuel Systems Solutions, Avago Technologies, Wintrust Financial, Ariad Pharmaceuticals, RealPage, and Research In Motion.
The top pre-market NASDAQ stock market gainers are: Cytori Therapeutics, Spectrum Pharmaceuticals, Zix, Powerwave Technologies, optionsXpress Holdings, Interactive Brokers Group, Qiao Xing Universal Resources, Seagate Technology, and Fifth Third Bancorp.
Energy services company AGL Resources Inc. announced an agreement to acquire rival Nicor Inc. for about $2.4 billion in cash and stock, creating a leading natural gas distributor in the U.S.
GBP/USD has broken above the 1.5786 weak resistance (100-day SMA) and is heading towards the key 1.5838 medium-term resistance, as predicted by IBT FX on Monday. The level is also suggested by the upper Bollinger band on 4-hour chart.
Barclays Capital increased its third quarter and full-year profit estimates for Research In Motion, citing strong demand for the company's latest Smartphone - BlackBerry Torch .
Emerging East Asian economies will grow more than forecast this year but growth will slow in the region next year, the Asian Development Bank (ADB) said on Tuesday.
Industrial production dropped unexpectedly in October, but manufacturing output rose during the month, boosted by machinery and equipment industries, the Office for National Statistics said.
The top after-market NASDAQ stock market losers are: Abiomed, Fuel Systems Solutions, Geron, Wintrust Financial, Avago Technologies, James River Coal, Micrel, Celgene, United Therapeutics, and Novatel Wireless.
The top after-market NASDAQ stock market gainers are: Spectrum Pharmaceuticals, First Place Financial, Cytokinetics, Photronics, FX Energy, Ultralife, Healthways, Rodman & Renshaw Capital Group, optionsXpress Holdings, and SuperMedia.
