FOREX

Australian Dollar: The Aussie dollar shrugged off some woeful local economic data yesterday to continue its recent surge higher.

The greenback was in the Thursday session, higher against the yen while slumping against the Australian dollar.

Australian Dollar: After another attempt to break through the 70 cent level in Asia yesterday the Aussie dollar shrugged off more weak data in the form of March New Motor Vehicle sales to enter

Thursday, Fitch Ratings downgraded Thailand's long-term foreign currency Issuer Default Rating or IDR to 'BBB' from 'BBB+', and the long-term local currency IDR to 'A minus' from 'A'. The firm however revised the outlook on the ratings to stable from negative.

The U.S Treasury Department, on Friday, released the budget details for March 2009 showing a deficit of $192.27 billion, sharply higher than budget deficit of $48.8 billion reported in the corresponding period last year.

Australian Dollar: In what has become somewhat of an anticlimax to Tuesday’s rate announcement the Aussie dollar appears to have found a solid short term trading range over the last 24 hours

Australian Dollar: The local market remained on tender hooks leading into yesterdays RBA rate decision with analysts seemingly split on the outcome.

The euro suffers from structural deficiencies. It has a central bank, but it does not have a central treasury, and the supervision of the banking system is left to national authorities.

The Australian Dollar opens a shade weaker today at 0.6468 but remains entrenched in its recent broad range between 0.6350 and 0.6550. The Aussie hit an overnight high of 0.6554 – a level which is proving a tough one to break. Despite further poor economic data out of the United States last night, this time in the form of a 12-year low in existing home sales, the Aussie was caught up in moves lower by the Euro and Yen.

Australian Dollar: The Australian Dollar opens higher today at US65 cents having traded between a low of 0.6388 and a high of 0.6525 over the last 24 hours.

Stocks tumbled on Friday, with the Dow industrials closing at a 6-1/2-year low, on fears the government may be forced to nationalize some big banks even as the White House said it supports a privately held banking system. Fears that some major banks could be taken over by the government had driven the S&P 500 close to a 12-year low before the White House issued its most direct statement yet o...

The Dow and the S&P 500 fell on Friday, pummeled by worries about the lack of details on the U.S. government's bank rescue plan, though the S&P pulled back from the brink of a 12-year low after the White House said it supported a privately held banking system. Fears that some major banks could be nationalized had earlier driven the Dow to more than six-year lows. The White House made its...

The number of U.S. workers drawing unemployment aid jumped to a record high of nearly 5 million, the government said on Thursday, as a worsening economy made it increasingly hard to find jobs. The data from early February suggested the 13-month-old U.S. recession was deepening, a conclusion supported by a report that showed factory activity in the country's Mid-Atlantic region contracted sharply...

EUR/USDToday’s support: - 1.2506(main), where correction is possible. Break would give 1.2480, where correction also may be. Then follows 1.2465. Break of the latter would result in

Australian Dollar: The Australian Dollar opens the week at 0.6534, largely unchanged from this time on Friday.

Australian Dollar: The Aussie dollar pulled back from its early morning highs around 68 cents to find an intraday low at 0.6675 in Asia yesterday before entering the offshore session at 0.6715.

This week, seven major corporations announced major layoffs, adding 72,000 to the unemployed. At the same time, lending by the big banks fell. With falling demand for loans,

After the significant upward correction over the last week, yesterday, Pound/Dollar stopped rising. The currency couple hit the 1.4165 bottom, made a peak at 1.4480, and closed at 1.4455. Later in the day the Cable had a very volatile market, forming a widening formation which is seen on the 1 hour chart, doing new peaks and bottoms with no clear direction. Currently the Sterling is in a consolid...

Australian Dollar: After being sold off aggressively the AUD was hovering around the 63 cent mark in early morning trade yesterday but managed to drift higher heading into the

My popularity on television and the internet has led a very small money manager to use his popular financial blog to promote his fledgling business by attacking the recent poor

Several important Japanese indicators were released overnight including industrial production, unemployment rate and inflation (see below for details). The releases make horrible reading.

Overall, the dollar continues to strengthen overnight. The only exception among the majors is the pound, which rose after some very good economic reports coming from the U.K. Ahead, the market is likely to become very volatile, especially during the U.S. open, when some important releases are scheduled.

Release Explanation: Measures the number of jobs created, or the percentage of employed/unemployed in the labor market. Over time the Employment Data will affect all economic releases, it does however take time for labor trends to form.

Release Explanation: CPI measures the average price of a fixed market basket of goods and services purchased by consumers, and therefore give an overall read of Inflationary pressures. It is the most widely used Inflation indicator of Central Banks

The British pound has enjoyed three consecutive sessions of strong rallies that have brought many of the sterling crosses to significant levels of technical resistance. While short-term momentum is still in the single currency's favor, it cannot be ignored that the pound is just off of recent record lows. Our DailyFX Analysts offer their outlooks for the pound and what they think is the best set up among the crosses.

Unemployment Claims (Weekly) Actual 588K, Expected 580K, Previous 555K (Revised from 589K)

EUR/USD is in a broad consolidation, after bottoming at 1.2331 (Oct.28,2008). Technical indicators are rising, and trading is situated below the 50- and 200-Day SMA, currently projected at 1.3292 and 1.4721.

House prices in the UK according to Nationwide dipped 1.3% m/m (16.6%y/y) in Jan, slightly better than market forecasts of a decline of -1.7% m/m(-16.7% y/y. January's numbers reflected a slight easing in the pace of

Technical oscillators supporting the bearish trend for the currency pair