World / E-commerce
The Week Ahead
12.03.2010 22:10
actionforex.com
As we suggested last week, risk appetites improved a bit further this past week and most risky assets advanced, with the notable exception of precious metals and commodities. In FX, the clear standouts were the JPY crosses, like EUR/JPY, CAD/JPY and AUD/JPY, which all moved above recent highs. Solid data...
World
E-commerce
Dollar Index Falls to Important Support
12.03.2010 22:10
actionforex.com
The dollar, while unchanged versus the yen, was down on Friday and for the week against other major currencies. Reports of the appointment of Janet Yellen as Federal Reserve Vice Chairman reduced the risk of an early Fed monetary policy tightening; thus, pressuring the greenback. US retail sales unexpectedly rose...
World
E-commerce
Google's New Mobile App Lets Shoppers Peer Into Retailers' Stockrooms
12.03.2010 12:12
ecommercetimes.com
Google has introduced a mobile version of its Product Search tool that lets users check on a product's availability in local participating stores. Product Search for mobile with local inventory lets a user see if, say, a Nikon Coolpix camera is in stock at a nearby Best Buy or Sears -- two of the retailers participating in the program -- and then provides basic directions to get there.
World
E-commerce
Weekly Technical Update: Forex Market in Broad Test of Consolidation
12.03.2010 12:11
actionforex.com
This was basically a week of continuing consolidation, except for the USD/CAD which is looking seriously at the parity scenario. The coming weeks may be crucial as the markets test important powerlines. We have short-term consolidations/corrections in pairs such as EUR/USD, GBP/USD, EUR/GBP, and GBP/JPY. But we are also testing...
World
E-commerce
FX Strategy Weekly
12.03.2010 12:11
actionforex.com
Rising inflation expectations in the UK and confirmation that the Budget will be held on March 24 means GBP shorts may be forced to cover positions as government leaks emerge over the next two weeks of UK deficit reduction plans. Ultra-loose monetary policy in the G7 and positive economic data...
World
E-commerce
USD Off Lows, Retail Sales Beat Expectations
12.03.2010 10:13
actionforex.com
The USD traded at a three week low Friday pressured by announcement that President Obama will nominate Janet Yellen as vice chair of the Federal Reserve. Yellen is a policy dove and her appointment will likely mean that the Fed will keep interest rates low for much of 2010. USD...
World
E-commerce
Chart of The Day: USD/CAD
12.03.2010 10:13
actionforex.com
Bearish price action on USD/CAD, a daily chart of which is shown, has finally made a tentative breakdown below the key 1.0200 support level after respecting this level several times this week. Fridays (3/12/2010) breakdown of 1.0200 establishes a new 19-month low for this pair. The current bearishness puts USD/CAD...
World
E-commerce
US Market Update
12.03.2010 10:13
actionforex.com
The strong results in the February advanced retail sales data helped US markets open higher this morning, aided by strength in European trading. The lower than expected University of Michigan confidence reading sent indices into the red after 10amET, while the greenback has notably weakened against its major pairs excluding...
World
E-commerce
Afternoon Forex Overview
12.03.2010 10:13
actionforex.com
The U.S. dollar declined versus the euro on Friday as the shared currency was supported by strong economic data and more confidence that Greece will recover. The greenback pared losses after better-than expected retail-sales data and a surprise decline in consumer confidence. The dollar index, which measures the U.S. unit...
World
E-commerce
Sentiment Data Offsets Strong Retail Sales Data - Yields Flat
12.03.2010 10:13
actionforex.com
What's more important: A jump in retail sales data that you'd have bet the bank would decline amid February's winter snowstorms, or the proposed appointment of a dove as number two at the Fed? With the dollar apparently weakening ahead of the report on rumors that San Francisco Fed President...
World
E-commerce
Currency Currents: Friday Rant
12.03.2010 10:13
actionforex.com
The US will stop making a political issue out of it when China unleashes that puppy to run freely. How about that? So let's commend President Obama for calling out China's currency policy which could be dubbed "politically dictated", at least. But then let's ask President Obama to further consider...
World
E-commerce
Global Markets: Once More Unto the Breach, Dear Risk
12.03.2010 10:13
actionforex.com
Timed from the trough in equity markets, we are now one year out from the start of the recovery. The context of the story has gyrated from bailouts of banks to governments, but the overall story remains the ebb and flow of risk appetite. There is a feeling from the...
World
E-commerce
Research Euroland: The Weakest Link
12.03.2010 08:23
actionforex.com
Euroland growth was surprisingly weak in Q4 2009 with GDP growing a mere 0.1% q/q. France saw highest growth (0.6% q/q) among the larger euro area members, while Germany saw a flat GDP. Spain remained in recession (-0.1% q/q), while Italy slipped back into recession (-0.2% q/q) after a more...
World
E-commerce
China: In No Hurry to Adjust Exchange Rates
12.03.2010 08:23
actionforex.com
Although there is still strong domestic resistance to the austerity measures in Greece, financial markets are starting to view the situation in a more relaxed light. This is probably partly thanks to prime minister George Papandreou's goodwill tour to the US, and partly as a result of the proposal to...
World
E-commerce
CHF: SNB Maintains Its Loose Monetary Policy - For Now
12.03.2010 08:23
actionforex.com
As widely expected the Swiss National Bank (SNB) held its target for the three-month Libor unchanged at 0.00-0.75% and reiterated its intention to keep it within the lower end of the range - i.e. around 0.25%. Moreover, the SNB kept its commitment to intervention on the currency market, stating that...
World
E-commerce
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