UK November manufacturing PMI 58.0, up sharply from 55.4 in October. Much stronger than median forecast of 54.6 and highest read since September 1994 UK Nationwide November house prices -0.3% m/m, +0.4% y/y, little weaker than median forecasts of -0.2%, [...]
The dollar index is raging this morning, eying a key area of resistance in the 81.55/75 area. Just above that is the 200-day moving average at 81.93. The 50% Fibo of the May, November drop comes in nearby at 82.02. [...]
The Euro is actually rising against the Dollar after the Federal Reserve releases a massive Loan report about who take what and when from Federal Reserve credit and liquidity facilities. In the last moments the EUR/USD has jumped from 1.3045 [...]
Wall Street rose today as reignited faith in Europe through the Portugal bond sale and positive economic news in Asia and US came out. The Dow followed European and Asian markets and was up 200 pts at close. The question [...]
Congratulations to the FXCM team for get a good IPO. Finally forex has entered mainstream. This will give others in the industry a lot of confidence. We should also see a lot of new players entering and start-ups testing the [...]
Through the press conference held by president of European Central Bank they announced the decision to continue with their bond buying program. This news was more or less expected. However, what is concerning is that tenders will be kept at [...]
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