Short-Term Forex Technical Outlook: GBP/CHF (Daily FX)
The British pound weakened against the Swiss franc for the seventh consecutive day, with the GBP/CHF slipping to a two-month low of 1.7256 this week, and the pair may continue to retrace the advance from the March lows as investors weigh the prospects for a global recovery. us.rd.yahoo.com |
British Pound Advances as Bank of England Votes Unanimously, Euro Stalls Ahead of 1.4850 (Daily FX)
Cable advanced against the euro and the U.S. dollar as the Bank of England held an enhanced outlook for the UK economy, and the British pound may continue to retrace the decline from earlier this month as growth prospects improve. us.rd.yahoo.com |
Oil rises above $78 as US dollar slides (AP)
Oil prices rose above $78 a barrel Monday in Asia as a weaker U.S. dollar offset signs of slumping consumer demand. Benchmark crude for December delivery was up 94 cents to $78.37 a barrel at midday Singapore time in electronic trading on the New York Mercantile Exchange. us.rd.yahoo.com |
New Zealand Dollar Forecast Remains Bearish as Rate Outlook Falters (Daily FX)
New Zealand Dollar Forecast Remains Bearish as Rate Outlook Falters Fundamental Forecast for New Zealand Dollar: Bearish New Zealand Building Approvals Increase for Fourth Month ANZ Commodity Price Index Marks Biggest Advance in 23 Years The New Zealand Dollar jumped to a high of 0.7305 against the greenback this week, but slipped back below the 10-Day SMA as the rally stalled ahead of the 20-Day SMA at 0.7310, and the high-yielding currency is likely to face increased volatility over the following week as the Reserve Bank of New Zealand is scheduled to set policy on Wednesday. us.rd.yahoo.com |
Bank of Canada's Monetary Policy Report 2010 (TradingMarkets.com)
The Bank of Canada releases its first Monetary Policy Report of 2010 on Thursday. Loonie traders are well advised to pay close attention. us.rd.yahoo.com |