TOP 100 FOREX SITES
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| Bank of China Plans to Cut Lending, Threatening Risk Appetite (Euro Open) (Daily FX) China?s third-largest bank by assets plans to reduce lending in the second half of the year, threatening risk appetite across financial markets that have seen the East Asian giant as the poster-child of global economic recovery. us.rd.yahoo.com |
GBP/USD: Trading the Change in U.K. Mortgage Approvals (Daily FX) Mortgage approvals in the U.K. are expected to improve for the seventh consecutive month in August , with economists forecasting a rise to 51.5K from 50.1K in July, and the rebound in bank lending is likely to reinforce an enhanced outlook for the nation as policy makers anticipate economic activity to improve throughout the second-half of the year. us.rd.yahoo.com |
China hints at resumption of yuan appreciation (Reuters) China sent its clearest signal yet that it was ready to allow yuan appreciation after an 18-month hiatus, saying on Wednesday it would consider major currencies, not just the dollar, in guiding the exchange rate. us.rd.yahoo.com |
Drop in German Factory Orders Raises Recovery Concerns (Daily FX) European investor confidence rose to an 18-month high of -5.5 in December, following a reading of -7 the month prior. The Sentix research institute stated that “the phase of economic stabilization is continuing slowly but steadily” following the sentiment reading. us.rd.yahoo.com |
US Dollar Rally Will Depend on Steady Risk Aversion, Dow Losses (Daily FX) US Dollar Rally Will Depend on Steady Risk Aversion, Dow Losses Fundamental Outlook for US Dollar: Bullish - Where do interest rate and growth expectations fit into the Dollar’s future? - Risk appetite proves the primary driver of the dollar’s impromptu rally - Dollar establishes key breakouts across the spectrum While an objective look at the week-over-week changes for the US dollar-based majors may not point to a potentially market-defining reversal this past week; a look at charts clues us into the magnitude of recent price action. us.rd.yahoo.com |