| Euro in Focus as ECB Announces Interest Rates, Updates Economic Outlook (Euro Open) (Daily FX) The Euro takes center stage with the European Central Bank set to announce interest rates and update their economic outlook for the Euro Zone. UK Services PMI and EZ Retail Sales are also on tap. us.rd.yahoo.com |
US lets China off the hook WASHINGTON: The Obama Administration yesterday declined to name China as a country that is manipulating its currency to gain unfair trade advantages.The Treasury Department did say it had serious concerns about a lack of flexibility... nzherald.co.nz |
USD/CHF Slows On Approach To Parity Creating Scalping Opportunity (Daily FX) The USD/CHF has seen price action dictated by risk sentiment as the dollar continues to be negatively correlated with demand for risky assets. The pair in fact has been the mirror image of the EUR/USD in recent trading with parity serving as a similar barrier to 1.500 for the single currency cross. us.rd.yahoo.com |
USD/CHF Classical (Daily FX) USD/CHF: The break back above 1.0340 has been a critical development which now greatly increases the likelihood of a material shift in the structure in favor of additional USD gains over the coming weeks and months. us.rd.yahoo.com |
Euro Holds Steady Ahead of FOMC Rate Decision, British Pound Advances as BoE Holds Hawkish Outlook (Daily FX) The Euro bounced back from the low to remain little changed on the day, and the EUR/USD could face increased volatility over the next 12 hours of trading as the Federal Open Market Committee is scheduled to announce its interest rate decision at 19:15 GMT. us.rd.yahoo.com |