Asian markets ended mostly lower Thursday as the continued resilience of the Japanese yen hurt shares of exporters in Tokyo, while profit-taking in the banking sector weighed on Hong Kong's benchmark index.
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Resilient Yen Hurts Tokyo Shrs
Thursday, June 18, 2009Posted by "H" Forex Maker at 6:27 AM 0 comments
USD/CHF tests 1.0765 support again 19.9B
USD/CHF has fallen around 30 pips in the last hour from 1.0795 to test the 1.0765 support level again in the European session. Since the beginning pf the European morning the par has been trading in a range between 1.0765 and 1.0805. currently the pair is trading around 1.0985/95, 0.10% above today's opening price.
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Posted by "H" Forex Maker at 6:15 AM 0 comments
GBP/USD: Pound could re-test 1.6664 - Mizuho
The Pond has suffered a severe pullback from 1.6480, reaching levels right below 1.6200 during the European session, to bounce to levels above 1.6250 at the time of writing.
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Posted by "H" Forex Maker at 6:09 AM 0 comments
EUR/USD: Euro continues hovering below 1.4000
After yesterday's rally from 1.3830 level the Euro has managed to hold above 1.3930 support level during most of European session with psychological level 1.4000 on sight.
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Posted by "H" Forex Maker at 6:07 AM 0 comments
Latvia Budget Protest Draws Thousands - Baltic News Service
Several thousand people gathered in the Latvian capital Riga to protest severe government spending cuts made earlier in the week, the Baltic News Service reports Thursday.
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Posted by "H" Forex Maker at 6:06 AM 0 comments
2ND UPDATE: UK Retail Sales Seen Weakening Further In 2009
U.K. retail sales fell more than expected in May, dragged down by poor sales of clothing, footwear and by department stores, data from the Office for National Statistics showed Thursday. And, with unemployment continuing to rise, some economists are expecting retail sales to remain weak and possibly worsen later in the year. The volume of retail sales fell 0.6% on the month and by 1.6% on the year in May. In April, sales rose 0.9% on the month by 2.6% on the year.
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Posted by "H" Forex Maker at 5:46 AM 0 comments
USD/CAD continues its decline after the Canadian CPI data
USD/CAD's decline from 1.1365 intra-day high has continue after the better than expected canadian CPI data. The pair has falling to test 1.1310 and currently it is trading around 1.1315/25, yet 0.20% positive about today's opening price action.
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Posted by "H" Forex Maker at 5:45 AM 0 comments
USD/CAD continues its decline after the Canadian CPI data
USD/CAD's decline from 1.1365 intra-day high has continue after the better than expected canadian CPI data. The pair has falling to test 1.1310 and currently it is trading around 1.1315/25, yet 0.20% positive about today's opening price action.
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Posted by "H" Forex Maker at 5:42 AM 0 comments