Currencies
Dollar trades mixed as equities edge higher (AP)
The dollar traded mixed Friday, edging lower against the euro as stocks picked up slightly in the afternoon. The woes of Citigroup Inc., which reportedly is looking to sell off parts of its business or even the whole company, and other sliding financial stocks shook up the Dow Jones industrials. Read
Euro, British Pound, Australian Dollar may Rebound Against US Dollar (Daily FX)
The Euro continues to trade within a progressively narrower wedge formation against the US Dollar, and the next several days of price action will likely dictate Euro/US Dollar direction for the next several weeks of EUR/USD trading. Read
Heinz Reports 5.8% Organic Sales Growth, and a 22.5% Increase in EPS to $0.87 in Second Quarter (Business Wire)
PITTSBURGH----H. J. Heinz Company today announced strong second-quarter earnings of $0.87 per share, a 22.5% increase from a year ago, reflecting higher sales and the benefit of the Companyâs strategic decision to hedge translation exposures on key currency exchange rates for the quarter and for the remainder of the Fiscal Year. Read
EUR/USD: Trading the German IFO Business Confidence Survey (Daily FX)
Mounting growth fears for Europe?s largest economy is expected to weigh on businesses as economists expect the German IFO confidence survey to fall to 89.0 from a five-year low of 90.2 in September. Read
Canadian CPI Fails to Impress, Stoking Bets for BoC Rate Cut (Daily FX)
Price pressures in Canada weakened further as the annual rate of inflation slipped to 2.6% from 3.4% in September. In addition, the core measure for inflation continued to hold steady at 1.7% despite expectations for a 0.2% increase to 1.9%. Read
Euro Climbs on Risk Appetite Despite Record Low PMI (Daily FX)
The Euro rallied more than 200 bps from yesterday?s lows despite a record low PMI reading, as a return of risk appetite sparked bullish price action. The Euro-Zone Purchases Manger?s composite index fell to 39.7 for November from 43.6 the month prior. Read
Euro edges higher against dollar (AP)
The euro edged higher against the U.S. dollar in European trading on Friday, recovering some losses from the previous day, when American unemployment data hit a 16-year high and economists warned more layoffs were likely. Read
Trend of the Day:GBP/JPY (Daily FX)
Trend of the Day -GBPJPY Read
Post of the Day: AUD/NZD (Daily FX)
Student?s Question: Please can you show me "Bullish" or "Bearish Engulfing" patterns in the context of chart! Read
Euro Could Rebound Against US Dollar as Light Calendar Boosts Risk Appetite (Euro Open) (Daily FX)
The Bank of Japan kept interest rates at 0.30% as expected. The US Dollar gave back ground against the Euro and the British Pound reflecting an overnight recovery in risk appetite. The economic calendar offers few surprises in European trading hours, suggesting forex markets will continue to look to stock markets to set direction. Read
Short-Term Forex Technical Outlook: NZD/USD (Daily FX)
The New Zealand dollar fell to a six-year low against the U.S. dollar over the last 24 hours of trading, and may continue to move lower over the remainder of the trading session as risk aversion continues to drive price action in the forex market. Read
Chart of the Day: EUR/GBP (Daily FX)
A look at a 4-hour chart of the EUR/GBP confirms that the GBP is just a weak currency right now. Read
Identifying Trades with DailyFX 11.21.08 (Daily FX)
Read
Dollar higher vs pound in late trading (AP)
The dollar rose against the pound in late New York trading Thursday night. The pound dipped to $1.4754 from $1.4812 in late afternoon trading on Thursday. Read
Dollar rises versus euro in late trading (AP)
The dollar ticked higher against the euro late Thursday night in New York. The 15-nation currency traded at $1.2454, down slightly from $1.2507 in late afternoon trading on Thursday. Read
Dollar slips against the yen in night trading (AP)
The dollar fell against the Japanese yen late Thursday night. The greenback slipped to 94.33 yen from the 94.79 yen it bought in late afternoon trading. Read
US Dollar Trading Remains Tied to Stock Market Performance (Daily FX)
Over the past several weeks, we have monitored the US Dollar?s strengthening correlation with global stock performance as the greenback became a key destination for capital fleeing risky assets . Read
US Dollar Testing More Bullish Waters, US Jobless Claims, Philly Fed Disappoints as Usual (Daily FX)
Indeed, the trade-weighted US dollar index closed above key resistance at 88 for the first time since 2006. Read
Euro Could Break Below 1.24, Swiss Franc Taken Aback by SNB's Surprise 100bp Rate Cut (Daily FX)
The euro slumped throughout the day on Thursday, but for what it?s worth, EUR/USD is still in consolidation mode. Read
British Pound Tumbles 1.5%, May Fall to November Lows as Markets Price in 75bp Cut in December (Daily FX)
The British pound tumbled 1.5 percent against the greenback on Thursday, despite the smaller-than-expected decline in UK retail sales, as interest rate expectations for the Bank of England continue to plummet. Read
Finance news provided by Yahoo! Finance. Financial news presented by Yahoo! FINANCE.