ForexTribe is a french website mainly created to share graphic analysis and trade ideas on the Forex Forum.
LowestTitle:
Japanese yen declines against majors at the end of the week
The Japanese yen fell against the dollar and major currencies today at the end of the week’s session after the CPI missed expectations and remained below the BOJ’s inflation target which raised worries especially from deflation bubble.
USD/JPY pair inclined to record a high of 79.82 after a low of 79.52, where the pair is currently trading at 79.70 after opening at 79.58.
The Euro is hovering around its lowest this week which amid continued concerns about sovereign debt crisis in Europe, especially after the failure of European leaders in talks to set out the decision.
EUR/USD pair recorded low of 1.2515 after reaching a high of 1.2552 after opening at 1.2532.
AUD/USD pair fell today to record a low of 0.9724 after a high of 0.7983 and started the session at 0.9761. The NZD/USD pair ...
Title:
Yuan declined to the lowest in 10 weeks regarding China’s flash PMI
China’s Yuan declined to the lowest level in 10 weeks after the data signaled China’s manufacturing may decline for the seventh month in May during the uncertainty of global environment and European debt crisis.
Moreover, China’s economy released its HSBC flash manufacturing PMI for the month of May, where the actual reading dropped to 48.7 compared with a previous of 49.3. Chinese government announced yesterday that it must proactively take policies and measures to expand demand and create a favorable policy environment for stable and relatively fast economic growth.
Title:
Analysis: China's new privatization plan faces push-back risk
(Reuters) - China's new push to open state controlled industries may look bold after a decade of stuttering privatization progress, but Beijing faces stiff resistance from vested interests in its effort to extend its World Trade Organisation dividend.
Beijing's leaders, its top think-tanks, the World Bank and private sector economists all largely agree that for China to build on reform-fired growth after its first decade of WTO membership, state firms must be more competitive and capital better allocated.
The question is whether publication this week of detailed plans to allow private investment in highways, health care and railways will really help dilute state involvement in a range of industries where top executives enjoy ministerial level status and firms get preferential access to ...
Title:
Euro wallows at 2-year lows as EU worries rattle markets
(Reuters) - The euro wallowed at two-year lows against the dollar on Friday and was poised to end the week two percent weaker, weighed down by weak German manufacturing data and worries about a messy Greek exit from the euro zone.
The risk-sensitive Australian dollar dipped 0.2 percent to $0.9741, coming close to the six-month low of $0.9690 hit on Wednesday as a sell-off in emerging market currencies picked up steam.
Rattled by worries over lack of growth in the euro area, the fragile situation of the region's banking system and a potential messy Greek exit from the single currency bloc, the euro is poised to chalk up its biggest weekly loss since the first week of April.
Macro funds and real money investors have ramped up selling of the currency, which is now down more than 5 percent ...
Title:
U.S shares rise in closing
The world`s leading economy saw its shares actually erasing losses throughout the closing session as optimism returned on a local and global scale after that the Italian Prime Minister Mario Monti said Greece is likely to stay in the euro and a majority of the region’s leader`s support issuing a joint bond.
The Dow Jones Industrial Average index gained 33.60 points or 0.27% to close at 12529.75 levels, the index reached the highest point at 12539.59 and the lowest point at 12419.63, By closing 20 shares inclined while 10 shares declined.
The Standard & Poor’s 500 Index added 1.82 points or 0.17% to close at 1320.68 levels, the index reached the highest point at 1324.14 and the lowest point at 1310.50, By closing 288 shares inclined while 208 shares declined and 4 shares remained ...
Title:
Dollar continues on gaining power
Today throughout the U.S session mixed sentiments; fears and hopes, were spread on a local scale with on one hand orders for business equipment dropped for a second month and on the other hand Hewlett-Packard Co. gained significantly.
Plus today`s German manufacturing data came out gloomy and showed weakened industry and production conditions while that China attested out that some of its biggest banks may fall short of loan targets.
Accordingly on a daily scale we watched the euro fall to its weakest level against the dollar since July 2010 and the Dollar index which measures the performance of the U.S. dollar against a basket of currencies including the Euro, the Pound, and the Yen, rose on multiple time charts to currently trade at 82.28 recording its highest level at 82.36 and its ...
Title:
Stocks eke out gains, euro falls
(Reuters) - Global stocks eked out gains on Thursday while the euro fell as data suggested Europe's debt woes were spreading and worsening a global economic slowdown, adding to investor concerns about Greece's possible exit from the euro zone.
In a volatile session, investors looking for bargains initially bought equities, oil and gold, which have been beaten down this week by worries a Greece exit would deepen the euro zone debt crisis.
The appetite for growth-oriented assets faded as fears about the euro zone's drag on the world economy returned. Then for a second straight day, a wave of buying emerged shortly before Wall Street's close.
"The market has pulled back far enough that people are trying to assess if we've priced the worst of what's known. But with the problems in Europe ...
Title:
Global stocks, euro slip on weakening growth
(Reuters) - U.S. stocks and the euro edged lower on Thursday as data suggested Europe's debt woes were spreading and worsening a global economic slowdown.
In a volatile session, investors looking for bargains earlier bought equities, oil and gold which have been battered this week by worries Greece would leave the euro zone. But the buying of growth-oriented assets faded as worries about the euro zone's drag on the world economy returned.
Stocks and other riskier assets turned negative as disappointing data from Europe, China and the United States compounded concerns about the economic contraction moving across Europe.
Amid speculation of more coordinated efforts from major central banks to stem further deterioration of the euro zone debt crisis, bond yields of Spanish, Italian and ...
Title:
European Shares End Green After Strongest Rout In A Month
European equity markets rebounded from the biggest sell-off in a month, pushing the stock benchmarks to settle higher on Thursday, led by gains in commodity and utility companies, neglecting the escalating financial and political strains in the 17-nation euro zone.
Regardless of a drop in European manufacturing and services and German business confidence, equities managed to advance despite the tensions in markets following yesterday’s EU summit and status of anxiety on speculations Greece may exit the euro area.
The summit showed disagreement over introducing Eurobonds as German Chancellor Angela Merkel said after the EU summit that her country support her opposition to jointly issued common European bonds.
The benchmark index for Europe, the STOXX 600 ended higher by 1.00% at 241.91, ...
|