Monthly archive December, 2012

Trading the News: Reserve Bank of Australia Interest Rate Decision What’s Expected: Time of release: 12/04/2012 3:30 GMT, 21:30 EST Primary Pair Impact: AUDUSD Expected: 3.00% Previous: 3.25% DailyFX Forecast: 3.00% Why Is This Event Important: According to a Bloomberg News survey, 19 of the 28 economists polled Read More →

EURUSD Daily Chart The euro broke above long standing channel resistance dating back to the 2011 highs today exposing key resistance at the confluence of the 38.2% and 61.8% Fibonacci extensions just above 1.3090. This level also coincides with trendline resistance Read More →

Commodities are trading higher amid a pick-up in risk appetite as Greece begins a much-anticipated debt buyback but US growth fears may undermine optimism. Talking Points Commodities Rise with Risk Appetite as Greece Initiates Debt Buyback US ISM Report, Worrisome Fiscal Cliff Chatter Read More →

Talking Points Euro: Greece To Buyback EUR 10B In Debt, Spain Makes Formal Request British Pound: BoE To ‘Hold Indefinitely,’ 23.6% Fib In Sight U.S. Dollar: Weighed By Risk Appetite, ISM Manufacturing To Cool Further Euro: Greece To Buyback EUR 10B In Debt, Spain Read More →

Today’s European session hasn’t seen much Euro movement, as the EURUSD pair seems comfortable above the key 1.3000 line. The pair crossed above 1.3000 only a few hours after the start of the session and set a new monthly high Read More →

The Euro gained on hopes Greece was closer to firmly securing bailout cash as Athens initiated a debt buyback. The Aussie fell on RBA rate cut bets. Talking Points Australian Dollar Sinks on Swelling RBA Rate Cut Expectations Euro Outperforms as EZ FinMins Read More →