v USD pares recent gains as risk aversion wanes; housing starts and industrial production both miss forecasts at 5.8% and 0.0% respectively; v EUR rebounds back to the middle of its well-worn ranges after German investor confidence surged to a two-year high and a Spanish bond auction was well subs...
USD/CAD continues to fall sharply after the recent completion of the extended Triangle chart pattern identified by Autochartist on the hourly charts. The overall Quality of this chart pattern is measured at the 6 bar level as a result of the low Initial Trend (rated at the 2 bar level) and high Uniformity and Clarity (rated at the 8 and 9 bar levels respectively).
On April 14th China surprised the markets and announced that it would widen the daily trading band within which the yuan can move versus the US dollar, to 1% from 0.5% effective immediately. The last time it widened the daily trading band was by 0.2% to 0.5% back in 2007, so last week's move was a significant step by the Chinese authorities.
During early Asian deals on Wednesday, the Japanese yen traded further lower against major opponents. The yen is currently trading near fresh multi-day lows of 80.98 against the US dollar, 106.37 versus the euro, 88.55 against the Swiss franc, 129.05 versus the British pound, 84.26 against the Australian dollar and 66.62 versus the NZ dollar from yesterday's close of 80.85, 106.13, 88.36, 128.76, 84.02 and 66.40, respectively.
The material has been provided by Instaforex Company - instaforex.comYen Falls Further Against Majors; Now At 106.36 Versus Euro
The material has been provided by Instaforex Company - instaforex.comAustralia will on Wednesday see the February results of the Westpac leading index, highlighting a light day for Asia-Pacific economic activity. The index was up 0.6 percent on month in January.
New Zealand will release the data from the ANZ consumer confidence index for April; in March, it fell 2.7 percent on month to a score of 110.2.
The material has been provided by Instaforex Company - instaforex.comThe Canadian dollar eased from morning session's uptrend against major currencies in late New York trading on Tuesday. At present, the loonie is trading near 1.3009 against the euro, 81.65 versus the Japanese yen, 0.9909 against the US dollar and 1.0296 versus the Australian dollar form previous session's multi-day highs of 1.2954, 81.90, 0.9867 and 1.0257, respectively.
The material has been provided by Instaforex Company - instaforex.comEuro Trades Near New Multi-day Low Of 1.2016 Against Franc
The material has been provided by Instaforex Company - instaforex.comNasdaq Unofficially Closes up 54.42 Points, or 1.82 Percent, at 3,042.82
Trading 17 avr 2012 Commentaire »
NASDAQ UNOFFICIALLY CLOSES UP 54.42 POINTS, OR 1.82 PERCENT, AT 3,042.82 The material has been provided by Instaforex Company - instaforex.com
Dow Jones Unofficially Closes up 189.36 Points, or 1.47 Percent, at 13,110.77
Trading 17 avr 2012 Commentaire »
DOW JONES UNOFFICIALLY CLOSES UP 189.36 POINTS, OR 1.47 PERCENT, AT 13,110.77 The material has been provided by Instaforex Company - instaforex.com