Thread: FBS.com - Daily/Weekly Analysis
Yesterday, 10:31 AM #1411
Market Analytics:FBS Markets Inc.
June 17: currency review
Investors are still trying to guess about the outcome of the Fedís June 18-19 meeting. On Friday data showed that US industrial output was worse than expected, while University of Michiganís index of US consumer sentiment unexpectedly fell from a nearly 6-year high in early June.
EUR/USD declined by about 25 pips from the opening level at $1.3345. The euro area is expected to post growth in trade surplus (09:00 GMT). Also pay attention to G8 meeting in Northern Ireland. GBP/USD is once again testing levels below $1.5700 after opening above this handle. USD/CAD is down by about 15 pips, to 1.0160.
USD/JPY opened the week with a gap down at 94.10 and strengthened to 94.70. Nikkei index closed the day rising by 2%. Japanís tertiary industry index came unchanged vs. a +0.2% growth expected. USD/CHF strengthened to 0.9240.
AUD/USD closed the morningís bearish gap and strengthened to $0.9620 (23.6% Fibo from the April-May dip). Weekend news showed a 5.1% decline in Australian gold production in Q1. Australiaís new motor vehicle sales for May came at 0.0% m/m vs. -1.7% prior. NZD/USD recovered to $0.8080. The New Zealand Institute of Economic Research maintained their 2013/14 GDP forecast at 2.7% and raised their 2014/15 forecasts to 3.1%.
Have a profitable trade with FBS!
If you have any questions to our analysts, you're welcome to ask them in comments to this article!
More news and analytics here
>>Welcome to FXBazooka.com<<
Comment here: http://www.fxbazooka.com/en/news/show/146
Users Browsing this Thread
There are currently 3 users browsing this thread. (0 members and 3 guests)
By internationallove in forum Technical AnalysisReplies: 33Last Post: 11-01-2011, 04:38 PM
By binbaoloc in forum HYIP (High Yield Investment Program)Replies: 128Last Post: 10-27-2011, 04:39 AM
By adex in forum HYIP (High Yield Investment Program)Replies: 73Last Post: 10-07-2011, 01:28 AM
By skyroom in forum Technical AnalysisReplies: 0Last Post: 07-12-2011, 01:40 PM
By zxc123 in forum HYIP (High Yield Investment Program)Replies: 0Last Post: 04-20-2011, 09:08 AM