| China to buy $50 billion of first IMF bonds (AP) China is buying the equivalent of $50 billion of the International Monetary Fund's first bond sale in a move that might boost Beijing's standing in the Fund and help its quiet campaign to expand the reach of its tightly controlled currency. us.rd.yahoo.com |
US Dollar May Be Setting Stage for Advance (Daily FX) The US dollar was one of the weakest major currencies last week, with the Japanese yen beating the greenback to being the biggest loser, as market sentiment reflected increased risk appetite. us.rd.yahoo.com |
EUR/USD: Trading the U.S. Retail Sales Report (Daily FX) Retail spending in the U.S. is widely expected to improve in October, with economists forecasting domestic demands to increase 0.9% from the previous month, and the dollar is likely to face increased volatility following the sales report as investors weigh the prospects for a sustainable recovery. us.rd.yahoo.com |
Australian Dollar Testing Former Neckline as Resistance (Daily FX) The AUDUSD, firm today, remains below 9000. Price is testing the underside of the neckline from the multi month head and shoulders top. us.rd.yahoo.com |
10590 Serves as USDCAD Pivot (Daily FX) Staying above 10590 keeps the immediate USDCAD trend pointed higher. A drop below would suggest that a larger correction is underway towards 10440. us.rd.yahoo.com |