Archive for Forex Market News & Analysis

Europe Sets Firewall Kitty at 500 Billion

By TraderVox.com Tradervox (Dublin) – European Finance Ministers have capped the firewall kitty at 500 billion Euros after Germany led a coalition to oppose a further expansion of the region’s firewall power.  This comes as a shock to traders who were expecting a consensus in building a larger firewall kitty. However, the 500 billion lending capacity […]

Gold Prices Set to Decrease

Source: ForexYard • Below is the 4-hour chart for the Gold by ForexYard. • The indicators used are the MACD, Slow Stochastic and RSI. • Point 1: The Slow Stochastic shows a bearish cross, signaling that the next move may be in a downward direction. • Point 2: RSI signals that the price of this […]

Silver Avoids 4th Straight Quarterly Loss, Gold Heads for Gains, India’s Imports “Overstate Trade Deficit”

London Gold Market Report from Ben Traynor BullionVault Friday 30 March 2012, 09:00 EDT U.S. DOLLAR gold bullion prices hit $1669 an ounce ahead of US trading, more or less in line with where they started the week. Stocks and commodities edged higher and US Treasuries dipped, while the Euro gained ahead of today’s Eurozone finance […]

Euro Might Fall After the EU Finance Ministers Meeting

By TraderVox.com Tradervox (Dublin) – The Euro has been on a bearish run against major currencies this week due to the eurozone finance ministers meeting today which is expected to endorse a plan to combine the European Stability Mechanism kitty with that of European Financial Stability Facility. This will be done in a bid to strengthen […]

Euro Up as EU Boost Firewall

Source: ForexYard Good news for the 17-nation currency as Europe’s finance ministers met today to discuss a possible increase in the rescue fund.As a result of the meeting, European stocks extended the biggest first-quarter gains since way back in 2006 and the Euro appreciated whilst default risk dropped. The Euro made gains of 0.4% over […]

Pound breaks the 1.0600 resistance and Euro trading above 1.3300

By TraderVox.com Tradervox (Dublin) – The single currency held on the recovery the late night recovery of yesterday as it traded above the 1.3300 levels. The pair is approaching the monthly highs formed during this week. It is currently trading around 1.3351, up about 0.38% for the day. The support may be seen at 1.3325 and […]

Afternoon Market Report for 30 March 2012 – Forex CT

Video courtesy of ForexCT – A leading Australian forex broker, liscensed by the Australian Securities & Investments Commission, offers the MetaTrader4 and PROfit Platform to retail traders. Other services include Segregated Accounts, Trading workshops, Tutorials, and Commodities trading.

Safe Heaven Currencies Continue to Rise on High Risk Aversion

Source: ForexYard Traders moving assets to safer, lower yielding currencies appear to be playing a factor in the correction of the major crosses. The USD and JPY, which are seen as a safer bet than others currencies in times of market stress, will likely keep drawing demand as investors stay away from riskier assets. Economic […]

Forex CT 30-3-12 Market Update & Outlook

Video courtesy of ForexCT – A leading Australian forex broker, liscensed by the Australian Securities & Investments Commission, offers the MetaTrader4 and PROfit Platform to retail traders. Other services include Segregated Accounts, Trading workshops, Tutorials, and Commodities trading.

How You Can Profit from an Unexpected End to the Energy Crisis

By MoneyMorning.com.au For years, the United States has feared an energy crisis. That one day the U.S. would have to import nearly all its oil and gas from overseas. If there was a disruption to the supply lines, it would lead to rising fuel prices and severe shortages. That would mean higher costs for businesses. […]

How a ‘Venezuelan Spring’ Could Push Down Oil Prices

By MoneyMorning.com.au Political risk is being blamed for driving up oil prices. The looming threat of Iran, the constant risk of further money-printing by central banks, and concerns over unrest in Saudi Arabia are three that we’ve covered. However, it’s worth pointing out one political risk that – in the longer run – could end […]

Why Spain’s Economy is the Next Big Problem for the Eurozone

By MoneyMorning.com.au It’s not often that I feel sympathy for a politician. But you have to feel for Spain’s prime minister, Mariano Rajoy. Three months into his government, and he’s facing a general strike from the unions on the one hand, and a potential buyers’ strike from investors on the other. The unions are striking […]

Renewable Technologies and our Energy Future – An Interview with Tom Murphy

By OilPrice.com Rising geopolitical tensions and high oil prices are continuing to help renewable energy find favour amongst investors and politicians. Yet how much faith should we place in renewables to make up the shortfall in fossil fuels? Can science really solve our energy problems, and which sectors offers the best hope for our energy […]

Bank of Albania Cuts Interest Rate 25bps to 4.25%

The Bank of Albania dropped its main monetary policy interest rate another 25 basis points to 4.25% from 4.50% previously.  The Bank said [translated]: “the Supervisory Board decided to reduce by 0.25 percentage point interest rate, by deducting the 4.25% level. This decision aims to create appropriate monetary conditions for meeting the inflation target over the medium […]

Banca Nationala a Romaniei Cuts Rate 25bps to 5.25%

The Banca Nationala a Romaniei reduced its key monetary policy interest rate by another 25 basis points to 5.25% from 5.50%.  The Bank said: “The NBR restates that achieving both price and financial stability, in the context of fulfilling the commitments under the external financing arrangements with the EU, the IMF and other international financial institutions, is […]