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12 Apr 2013

Forex Flash: EUR/USD: Lower chance of rising into mid-1.30s - Commerzbank

FXstreet.com (Córdoba) - The euro zone economy surprises to the downside, according to Ulrich Leuchtmann, analyst at Commerzbank. "It would seem that we will have to wave goodbye to the hope that a rapid reduction in ECB rate cut speculation might support EUR-USD over the coming months".

"Even though US monetary policy will remain expansionary longer than originally expected, the chance of longer excursions into the mid-1.30s has probably fallen overall", he comments.
Apr 12, 2013

Forex: USD/CHF recovers ground and test 0.9300

After falling around 50 pips from 0.9330 in the American session, the USD/CHF found support at 0.9280 with the pair trading in range between 0.9285 and 0.9295 in the mid session. But in the latest feww minutes, the USD/CHF has advanced to test the 0.9300 area.
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Apr 12, 2013

Wall Street closes lower on Friday but rallies on the week

The US stocks market has closed slightly lower on Friday after recovering ground from strong early losses as investors was disappointed by bad economic data released on the day. Stocks stop 4-day winning streak.
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