| Short-Term Forex Technical Outlook: EUR/GBP (Daily FX) The British pound continued to weaken against the euro as investors scaled backed expectations for a rate hike by the Bank of England, and the decline in the interest rate outlook may keep the EUR/GBP range-bound over the near-term as market participants weigh the outlook for future policy. us.rd.yahoo.com |
Kiwi dollar hits 12 month high The New Zealand dollar hit 12-month highs against the US dollar early this morning, then slipped away as investors awaited today's official cash rate (OCR) announcement.Economists have predicted the Reserve Bank (RBNZ) could this... nzherald.co.nz |
Chinese insurer Ping An reports $493M profit (AP) Ping An Insurance Co. of China Ltd., one of the country's biggest insurers, said Wednesday it swung to a profit in the third quarter, rebounding from a loss last year on its ill-fated investment in European bank Fortis NV. us.rd.yahoo.com |
Greenback Turkey'd Ahead of Thanksgiving (Daily FX) The USD has been offered all day with the initial selling seen accelerating into European trade and ahead of the US open. The Swiss Franc and Euro have both surged to fresh 2009 highs against the Greenback, while all other major currencies are very well bid, including the Yen, which has cleared some recent trend highs and now eyes a retest of its late 2008 and early 2009 highs against the buck. us.rd.yahoo.com |
Japanese Yen Outlook Clouded by Opposing Yield Trends (Daily FX) Japanese Yen Outlook Clouded by Opposing Yield Trends Fundamental Forecast for Japanese Yen: Neutral - Yen Technical Positioning Conflicted Against US Dollar - Speculative Sentiment Points to Yen Weakness The near-term trajectory of the Japanese Yen against the US Dollar is veiled in uncertainty after mixed cues from December’s US jobs report jumbled relative yield expectations between Japan and America. us.rd.yahoo.com |