The Japanese yen advanced for a second day against most of its major counterparts, as commodity prices and Asian stocks declined. The dollar also was able to achieve more gains versus the euro and sterling, since fears counted to dominate FOREX market movements. The risk aversion is back in the financial markets, with demand rising for safe heaven currencies versus higher-yielding. Most of the countries around the world declared a state of emergency in their embassies and airports, fueling riskread more...
ISM or Institute for Supply Management is releasing its PMI (Purchasing Manager Index) and it is similar to the UK Services PMI as this release is targeting the services sectors. As a leading indicator, traders generally pay attention to this report for hints of economic trend. Here’s the forecast: 10:00am NY Time US ISM NonManufact. [...]read more...
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This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news.read more...
FOREX-Euro up on sovereign demand, rate view hurts USD
LONDON, May 4 (Reuters) – The euro rose against the dollar on Wednesday, edging closer to .50, with the US currency under renewed pressure on expectations that US interest rates will stay low in coming months. …
Forex Trading: EURUSD Back Toward Unchanged On The Day.
DOLLAR'S FATE IN THE HANDS OF MR TRICHET
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* Euro up vs dollar, traders cite Asian sovereign demand * Dollar erases early gains, hurt by U.S. rate view * Euro seen testing .50 if ECB takes hawkish rate stance (Adds comments, details) By Naomi …read more...
Euro / US Dollar
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LONDON (MarketWatch) — Applied Materials Inc. said Wednesday that it’s agreed to buy chip-equipment maker Varian Semiconductor Equipment Associates Inc. for a share in cash, or around .9 billion in total. The price represents a 55% premium to Varian’s closing price on Tuesday and a 38% premium to the stock’s 30-day average closing price. “Varian is a great fit for our strategy to profitably grow share in our core semiconductor business,” said Applied Materials CEO Mike Splinter. Applied Materials said the deal is expected to boost its adjusted earnings in the first year.read more...
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The real cause of the financial crisis? The erosion of reliable information in capital markets, says economist Hernando de Sotoread more...
Risk FX recovered some of its Asia session losses, boosted by the announcement that Portugal agreed to a bailout deal with EU. However, lackluster economic data in Europe and UK capped the upside for most of morning European trade with EUR/USD unable to take out the 1.4900 figure while Aussie remained below 1.0900.
Forex – EUR/GBP eases off 13-month high after retail sales slip
Forex Pros – The euro trimmed gains against the pound on Wednesday, retreating from a 13-month high after official data showed that euro zone retail sales declined unexpectedly in March. EUR/GBP retreated from 0.9030, the pair's highest since March 22, …
Markets Down led by Metals drop
ForexLive Asian market wrap: USD makes modest gains across board
Daily Forex Summary on USD, Euro, GBP, JPY, CHF, AUD, CAD, NZD and ZAR