ForexTribe is a french website mainly created to share graphic analysis and trade ideas on the Forex Forum.
New Zealand DollarTitle:
Euro vulnerable ahead of Spanish bill auction
(Reuters) - The euro was steady on Tuesday, staying vulnerable ahead of a Spanish bill sale that could intensify concerns over the country's precarious fiscal position as euro zone debt jitters showed no signs of abating.
Spain is expected to see borrowing costs leap when it sells 12- and 18-month Treasury bills after concerns over its deficit and banking sector pushed 10-year yields above 6 percent on Monday and the cost of insuring its debt to a record high.
The developments fuelled concerns Madrid might fail to meet deficit targets as the country acknowledged it has probably tipped into its second recession since 2009, raising the risk it may have to seek an international bailout.
The euro was steady at $1.3136, just above its 100-day moving average at $1.3129 but stuck below ...
Title:
Euro edges down ahead of Spanish bond auction
(Reuters) - The euro lost some ground on Tuesday, a day after short-covering helped it pull away from two-month lows against the dollar, and remained vulnerable ahead of a Spanish bond auction as euro zone debt jitters showed no signs of abating.
Spain is set to see its borrowing costs leap when it sells short-term bonds after concerns over its deficit and banking sector pushed longer term risk premiums above 6 percent and drove the cost of insuring its debt to a record high.
The developments fuelled concerns Madrid might fail to meet deficit targets as the country acknowledged it has probably tipped into its second recession since 2009. That would raise the risk of it being pushed into seeking an international bailout.
The common currency shed 0.2 percent to $1.3110, having ...
Title:
Euro slides across the board as Spain weighs
(Reuters) - The euro weakened broadly on Monday, hitting a two-month low against the dollar and the yen and a 1-1/2-year trough versus sterling, weighed down by worries about the Spanish economy's fragile state.
Financial market sentiment in the euro zone was on edge Spain's 10-year government bond yields rose above 6 percent for the first time this year and the cost of insuring its debt hit a record high.
Commodities-linked currencies such as the New Zealand and Australian dollars slipped, while the yen rose to a 1-1/2 month high against the U.S. dollar. A stronger-than-expected U.S. retail sales report for March, however, helped the dollar trim some of its losses against the Japanese currency.
Spanish stocks .IBEX and banking shares .SX7E came under pressure as the effects of the ...
Title:
Euro weak around $1.30 as Spanish debt costs mount
(Reuters) - The euro fell broadly on Monday, dropping to a two-month low against the dollar and the safe-haven yen and reaching a 1-1/2 year trough against the British pound, as Spain rekindled worries about the fragile state of the euro zone economy.
As Spanish 10-year government bond yields rose above 6 percent for the first time this year and the cost of insuring its debt hit a record high, sentiment was cautious across financial markets. That weighed on growth-linked currencies such as the Australian dollar while keeping the yen near a seven-week high against the U.S. dollar.
News over the weekend that China had doubled the yuan's daily trading band against the dollar to one percent has so far had limited impact on major currencies.
Spain's failure to convince investors that it can ...
Title:
Strong opening for the USD amid worries
The USD started the week’s trade with higher rates against major currencies amid worries over the European debt crisis especially with the approach of the Spanish bond auction that may carry a lot of bad news about the European region.
Where the Euro fell to lowest in a month against the USD to reach 1.3019 with the low of 1.3008.
From another side, each of Australian dollar and New Zealand’s dollar slipped against the USD amid the persistence of risk aversion by investors which negatively affected the Asian stocks, despite the announcement of the People Bank Of China of doubling the trade band for the Yuan.
AUD/USD pair fell near the lowest in four sessions to be traded at 1.0312 with low of 1.0310, while the opening was 1.0337 and a high at 1.0348.
NZD/USD pair keeps declining for ...
Title:
Euro hurt by Spanish worries, Chinese soft patch
(Reuters) - The euro slipped on Friday as Spanish bond yields rose on data showing the country's banks were relying heavily on ECB lending, though the common currency looked unlikely to break out of its recent range against the dollar.
Disappointing Chinese growth data also weighed on the euro and pushed the growth-linked Australian dollar lower against its U.S. counterpart. The Chinese economy grew 8.1 percent in the first quarter of 2012, its slowest pace in nearly three years and below forecasts of 8.3 percent.
Some market players said the Aussie's fall may be temporary, with speculation of another round of quantitative easing (QE) from the U.S. Federal Reserve likely to support riskier assets and higher-yielding currencies. Talk of easing by the Chinese central bank was also gaining ...
Title:
NZD Climbs as Business Confidence Improves, Manufacturing Expands
The New Zealand dollar advanced today, rising for the second trading session, as macroeconomic reports showed that business confidence improved and manufacturing continued to expand, confirming positive developments in the New Zealand economy.
New Zealand Institute of Economic Research reported that business confidence index rose from 0 to 13 in the first quarter of 2012. Business NZ manufacturing index was down from 57.7 in February to 54.5 in March, but is still at the second highest level since May 2011. A figure above 50.0 indicates expansion.
Many analysts point out that the New Zealand currency is torn between opposite forces. Domestic fundamentals are good and positive for the currency, while the global economic environment isn’t particularly favorable to riskier currencies. At ...
Title:
Prospects of more easing hurts yen
Forex Morning Briefing : Prospects of more easing hurts yen
What’s new:
Forex: Yen falls on prospects of more stimulus by BOJ; Aussie recovers from 3-month low
Global Markets: Global shares extend declines as Europe’s debt crisis seen worsening
Euro zone: Bond yields rise sharply; Spain’s 10yr yields soar to highest since December 12th
Euro zone: Italy scheduled to sell €11 bln bills today
United States: Fed Vice-Chairman Yellen to speak today
Rates in Asia and Indices:
EUR/USD 1.3067 - 1.3116 0.24 %
USD/CHF 0.9162 - 0.9195 0.22 %
GBP/USD 1.5852 - 1.591 0.28 %
USD/JPY 80.62 - 80.95 -0.30 %
EUR/CHF 1.2012 - 1.2018 -0.01 %
EUR/JPY 105.45 - 106.15 -0.54 %
Dow Jones 12710.56 - 12929.59 -1.65 %
Nasdaq 2688.21 - 2749.51 -1.63 %
S&P 500 1357.38 - ...
Title:
BoJ keeps policy unchanged; Bernanke weighs on USD
Forex Morning Briefing : BoJ keeps policy unchanged; Bernanke weighs on USD
What’s new:
Forex: Yen extends gains as BOJ stays on hold; Bernanke’s comments weigh on USD
Global Markets: Asian shares slide as Chinese imports fell sharply
Japan: Bank of Japan keeps rates, asset purchases on hold
China: China posts unexpected trade surplus, but imports declined sharply
United States: Fed Chairman Bernanke says US far from complete recovery
Rates in Asia and Indices:
EUR/USD 1.3089 - 1.3145 -0.06 %
USD/CHF 0.9146 - 0.9178 -0.02 %
GBP/USD 1.5875 - 1.5931 -0.09 %
USD/JPY 81.26 - 81.87 +0.19 %
EUR/CHF 1.20137 - 1.20261 +0.02 %
EUR/JPY 106.43 - 107.47 +0.26 %
Dow Jones 12903.78 - 13057.72 -0.99 %
Nasdaq 2722.77 - 2751.44 -0.81 %
S&P 500 1378.24 - ...
|