Result Page 38 for Latest Forex News & Archive

US STOCKS-Futures flat ahead of data, after HP results

U.S. stock index futures were little changed on Tuesday, ahead of data on third-quarter GDP and consumer confidence and following a strong advance in Monday's session.

US STOCKS-Futures little changed after HP, ahead of data

U.S. stock index futures were little changed on Tuesday, following a strong advance in Monday's session and after Hewlett-Packard reported that quarterly profit matched its preliminary results.

FTSE creeps up, mining gains offset bank weakness

Gains in commodity stocks offset weakness in banks to leave Britain's top share index slightly firmer in choppy trade by mid-session on Tuesday.

Dollar rises, euro hurt on bank worries, eye data

The dollar was broadly higher on Tuesday as investors sold currencies associated with risk on concerns about the banking system while looking ahead to data on the outlook for economic growth.

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Daily Forecast - 24/11/2009

The Aussie dollar began the week on somewhat of a negative note with early Asian sellers pushing it down from the open of 0.9145 to a low near 91 cents. Support held however as local equity markets opened strongly and New Motor Vehicle Sales for the month of October increased by 3.7%. The AUD entered offshore exchange testing the 92 cent level finally consolidating gains above this level following an increase in risk appetite thanks mainly to upbeat European and U.S economic data. After topping ...

Dollar suffers on rate view after Fed comments

The dollar fell broadly on Monday, hitting a six-week low against the yen after dovish comments from a U.S. Federal Reserve official reinforced the view that U.S. interest rates would stay low for a long time.

CANADA FX DEBT-C$ rises on gold as retail sales data awaited

The Canadian dollar was firmer on Monday ahead of key Canadian retail sales data, helped by stronger equity and commodity prices, including a record level for gold, and broad-based U.S. dollar weakness.

FTSE gains 1.7 pct, fuelled by strong commods

Britain's top share index was up 1.7 percent at midday on Monday, fuelled by strength in miners and energy stocks thanks to firmer commodity prices, while improved risk appetite also boosted banks.

US STOCKS-Futures up after Bullard comment, weak dollar

U.S. stock index futures rose about 1 percent on Monday, looking to snap a three-session losing streak as commodity and natural resource stocks gained on a falling U.S. dollar.

Dollar falls broadly on dovish Fed comments

The dollar fell broadly on Monday after dovish comments from a U.S. Federal Reserve official added weight to expectations that U.S. monetary policy would stay ultra-loose for a prolonged period.

Daily Forecast - 23/11/2009

The rebound in the greenback continued on Friday night as the Australian Dollar consolidated its recent losses. The Aussie opens lower today at 0.9140 after hitting an offshore low of 0.9059 (a two-week low), as Wall Street fell for third straight session. Increased risk aversion is keeping a lid on the local unit for the time being as recent economic data releases in the United States have failed to impress investors. There is no major local economic data due in the early part of the week and n...

China growth faces currency dilemma-thinktank economist

International pressure on China to lift the value of its yuan against the dollar could stoke risks to growth in 2010, an economist at a top state thinktank has said, warning of a deepening dilemma facing currency policy.

Obama asks Americans for patience on economy

President Barack Obama on Saturday urged Americans to show patience over the economy and argued that his just-concluded Asia trip was critical for U.S. exports, countering criticism he had returned empty-handed. With unemployment at a generation high of 10.2 percent and once-lofty popularity ratings down, Obama said a December White House forum will leave no stone unturned in the hunt for jobs.

U.S. dollar no longer a one-way bet

The one-way bet in the U.S. dollar that has lasted several months may be over for now despite distress over its malaise that has stretched from Washington to Paris.

US STOCKS-Futures point lower after Dell, D.R. Horton results

U.S. stock index futures pointed to a lower open on Friday after worse-than-expected quarterly results from computer maker Dell and homebuilder D.R. Horton underscored that the road to recovery would not be smooth.

Euro hits 2-week low of $1.48

The euro fell to a two-week low on Friday of $1.48, with dealers citing options-related selling and the dollar rallying broadly as investors cut risk positions across asset markets in favour of liquidity.

US STOCKS-Futures down on weak commodities, on quarterly results

U.S. stock index futures fell on Friday, as a stronger U.S. dollar weighed on commodities and natural resource stocks and weak results from computer maker Dell and homebuilder D.R. Horton underscored the rocky road to an economic recovery.

Dollar gains; high-yielders lose shine

The dollar rose on Friday, extending the previous day's gains as investors retreated from riskier assets, taking the shine off higher-yielding currencies such as the Australian dollar.

Banks, commods weigh on FTSE, down for 4th session

Britain's top share index was lower at midday on Friday, with gains in defensive pharmaceutical stocks and food producers outweighed by weakness in banks and energy stocks.

European shares slip as banks, oils retreat

European shares fell for a fourth consecutive session on Friday, with banks retreating from earlier gains and energy stocks falling after crude CLc1 prices slipped.

US STOCKS-Futures lower after Dell results

*U.S. stock index futures were lower on Friday, a day after Dell Inc (DELL.O) reported weaker-than-expected third-quarter sales, underlining concerns about the strength of technology sector.

Uganda shilling weakens slightly vs dollar

Uganda's shilling UGX= fell slightly versus the dollar on Friday due to some demand for greenbacks from the telecommunications and oil sectors, traders said.

U.S. stock futures mixed; Dell in focus

* U.S. stock index futures pointed to a mixed open on Wall Street on Friday, with futures for the S&P 500 SPc1 down 0.04 percent, Dow Jones DJc1 futures down 0.04 percent and Nasdaq 100 NDc1 futures up 0.07 percent at 1010 GMT.

Daily Forecast - 20/11/2009

Australian Dollar: Average weekly wages increased by 5.2% in August and 0.9% for the year to date, down from 6.1% the previous month and 1.2% for the year to July. The news was enough to tip the AUD/USD below intraday technical support at 0.9270 to a low of 0.9220 in Asia yesterday. The Aussie dollar followed the Euro lower in early trade to revisit the 0.9130 level before bouncing back in late U.S trade following some relatively upbeat North American economic data. This morning sees the AUD ope...

Commodities, banks drag FTSE down, Reckitt up

Britain's top share index was down 0.6 percent mid-session on Thursday, dragged lower by heavyweight commodity and banking stocks, which offset gains made by defensive stocks as risk appetite waned.

UPDATE 2-Russian rouble eases after c.bank steps up rhetoric

The Russian rouble eased on Thursday after the central bank stepped up rhetoric against the currency's 2-1/2 month long rally, forecasting more rate cuts and proposing measures to curb speculative capital inflows.

European shares fall for 3rd day, banks weigh

European shares were down on Thursday, set to fall for a third consecutive session, as banking stocks weighed, while food producers also fell after Danone (DANO.PA) cut its sales growth target.

Daily Report: Yen Rises on Risk Aversion, Dollar Lags Behind

The Japanese yen rises broadly in Asia today on risk aversion as Japanese Nikkei led Asian stocks lower in general. Nikkei dropped another -1.32% today to close at 9549 and is now farther away from previously mentioned head and shoulder top neckline.

Dollar, yen gain as investors trim risk exposure

The dollar and the yen rose on Thursday as equity and commodity markets fell, encouraging investors to pare back exposure to risk and buy back the two low-yielders against perceived riskier currencies.

Australian economy lures offshore prop. investors

Australia's resurgent economy has lured a string of offshore commercial property investors to its shores, many betting the rebound will underpin market competitiveness in the face of a soaring local currency.

EURO BONDS-Safran, Skipton

News, details on corporate bond issues in the European markets on Thursday:

Euro zone to urge China for more flexible FX policy

Top euro zone officials will urge China this month to move towards a more flexible exchange rate policy but it will not be easy to introduce change soon, EU Monetary Affairs Commissioner Joaquin Almunia said on Thursday.

Daily Forecast - 18/11/2009

Third quarter Wage Cost Index data came in right on expectations increasing by 0.7% for the quarter and 3.6% on an annualised basis keeping the Aussie between 0.9290 and 0.9320 during morning trade. A story on Bloomberg quoting Chinese Central Bank adviser Fan Gang, who also heads the National Institute of Economic Research, as saying double digit growth in China would not be good as it poses a risk of promoting a property and commodity market bubble put a dampener on the AUD. With Chinese eco...

Chile peso at 17-mth high, intervention risk grows

Chile's peso CLP= rose 1 percent to a 17-month high in early trade on Wednesday on global dollar weakness, increasing the likelihood of threatened central bank intervention to tame the appreciation.

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