PBOC’s Zhou: Cross-border yuan transactions and yuan acceptance increasing
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GBP/USD – Further Sharp Losses as UK Current Account Falters
The British pound can’t seem to catch a break. On Wednesday, the pound took hit as the British...
USD/INR Rebounds on Narrower Current Deficit and US Tapering Fears Subsiding
The currency has rebounded boosted by the lower than expected deficit and the fears of the US Fed ta...
USD/CAD – Loonie Edges Lower as US Posts Solid Numbers
USD/CAD has reversed direction on Thursday, as the Canadian dollar is moving higher. Early in the No...
French National Auditor Warns About Economic Reforms
France’s national auditor has warned that further cuts in public spending are needed if the co...
Ireland Back in a Recession Despite Austerity
Ireland is back in recession despite an austerity drive to cut its debts, official figures have conf...
Revision Shows UK Avoided Double Dip Recession in 2011
Britain avoided a double-dip recession in 2011 but suffered a deeper than first estimated collapse i...
French Consumer Confidence Touches All Time Low
Morale among French consumers is at an all-time low and they are more pessimistic than ever about th...
China Industrial Profits Rise in May More than Forecasted
China’s industrial profits unexpectedly jumped 15.5 percent in May from the same month last ye...
AUD/USD Looking for New PM Kevin Rudd for Guidance
The swearing in of Kevin Rudd on Thursday for a second time as Australia’s prime minister brou...
US Consumer Spending Rises in May
Consumer spending rebounded and incomes recorded their largest increase in three months in May, addi...
European Union Agrees to Investors Sharing Cost of Bailouts
The European Union agreed on Thursday to force investors and wealthy savers to share the costs of fu...
Even With High Unemployment European Workers Not Willing to Relocate
In both countries, hit by industrial decline and factory shut-downs, the lack of mobility fuels ragi...
Abe Says Election Victory Vital for Beating Deflation
Prime Minister Shinzo Abe on Wednesday pledged to devote the next three years to pulling the Japanes...
Gold Rises But Keeps and Eye on US Economic Indicators
Gold gained for the first time in four days in New York as investors weighed the Federal Reserve’s...
Oil gets a Boost from Higher Refinery Output and Chinese Industrial Profits
West Texas Intermediate climbed for a fourth day as U.S. refiners boosted crude processing to the hi...
AUD/USD – Edges Higher Ahead of Key US Releases
AUD/USD has edged higher, and is trading in the low-0.93 range in Thursday’s European sessio...
USD/JPY – Higher Ahead of US Major Releases
The US dollar has posted gains against the yen in Thursday trading. USD/JPY has pushed back above th...
EUR/USD – Euro Struggling as Draghi Repeats Dovish Stance
EUR/USD is struggling to remain above the key 1.30 level in Thursday trading. The pair has lost ar...
Gold Technicals – Next Bearish Leg Starting
Hourly Chart Gold prices recovered more than 20 USD per oz from peak to trough during Asian trading ...