| NZD/USD Classical 07.21 (DailyFX) NZD/USD: As expected, the resistance just over 0.7300 proved to be exceptionally strong and the market has since undergone a violent bearish reversal with the price collapsing back below 0.7100. finance.yahoo.com |
RPT-Q+A-Will Japan intervene to curb yen s rise? (at Reuters) A broad fall in the dollar has propelled the yen higher, bringing the Japanese currency within range of levels it has not traded at for 15 years and raising speculation whether even more gains will tempt Japanese authorities to intervene. us.rd.yahoo.com |
Yen Intervention Called Huge Fake-Out [at CNBC] - Japan intervenes to weaken yen. We were assured by currency traders yesterday that newly re-elected Japanese Prime Minister Noda was NOT in favor of intervention. So what happened? us.rd.yahoo.com |
EU proposes tougher budget rules [AP] - The European Commission on Wednesday proposed slapping new penalties on countries that let their budgets spiral out of control, hoping to prevent another crisis like the one that pushed Greece to near-bankruptcy and raised fears about the euro currency itself. finance.yahoo.com |
EUR/USD Becomes Scalping Target Ahead of FOMC Minutes The EUR/USD has seen its month long rally slow as speculation grows that the FOMC may not be on the door step of added stimulus. The Fed announcing that it stands ready to do whatever it takes to ensure that growth continues and deflationary pressures remain at bay, sparked broad based greenback weakness- driving the pair higher. finance.yahoo.com |