Forex Bull

European market Update: Euro-Zone PMI services suggest a stall in confidence complemented with its Retail Sales data worse than expected

2009-07-03T15:17:55Z

- In equities news overnight: BNP Paribas [BNP.FR] To form a fund management partnership with Greece's Piraeus.The companies plan to set up joint ventures in both Greece and Switzerland and expect to complete the transaction some time in Q4 || ......

Happy 4th of July!

2009-07-03T15:18:18Z

GFT wishes you a happy 4th of July Today, U.S. markets are closed in honor of tomorrow's 4th of July holiday. GFT would like to wish you a Happy 4th of July .

Divisions Dominate as Third Quarter Begins

2009-07-03T15:19:18Z

Posted By: Reuters Investors have entered the third quarter deeply divided about what should be happening on financial markets. Read More Topics: Economy (Global) | U.S.

Staying Short AUD/JPY (Daily FX)

2009-07-03T15:19:33Z

My picks: Staying Short AUD/JPY Expertise: Fundamentals Combined With Technicals Average Time Frame of Trades: 1 Day - 1 Week

NZDUSD: Candlesticks Point to Bearish Reversal as Prices Break Channel Support (Daily FX)

2009-07-03T15:19:52Z

My picks: Short NZDUSD Expertise: Global Macro, Classic Technical Analysis Average Time Frame of Trades: 1 week - 6 months

UK to Contract in Second Quarter: Economist

2009-07-03T15:20:34Z

UK and euro zone services PMI were slightly lower than expected for June. "What it suggests to me is that the quarter just gone for the UK economy suggests another quarter of contraction," Bob McKee from Independent Strategy said Friday. Watch Video MEDIA: VIDEO Permalink

Euro Zone, UK Service Sectors Stumble but Optimisic

2009-07-03T15:21:46Z

Euro Regains Footing But Drop In Retail Sales Could Be Weighing Factor (Daily FX)

2009-07-03T15:22:11Z

The Euro reached back above 1.4000 as a revised higher final PMI service reading to 44.7 from 44.5 helped provide support. A surprise improvement in Germany to 45.2 from 44.3 helped offset lower revisions in France and Italy.

KBC: CE currencies give up part of their recent gains

2009-07-03T15:22:45Z

The Czech koruna gave up all of its Wednesday#8217;s gains yesterday as market sentiment turned negative after a release of the US payrolls report. As a result the EUR/CZK rebounded back towards the 26 level. Today, the only item on the domestic ......

Asian Market Update: Most Asian equities indices track the US session declines as nonfarm payrolls data disappoints

2009-07-03T15:23:03Z

In currencies, the US dollar and yen opened the session stronger, however both currencies have since pared their gains as dealers attributed the earlier moves to "stop hunting" and illiquid market conditions. EUR/USD moved below 1.400 in Asia, but ......

Could Next G8 Meeting Be the Last One?

2009-07-03T15:24:53Z

Leaders of the Group of Eight meet in Italy next week to discuss the economic crisis, protectionism, Iran, aid for Africa and climate change. "Many of the leaders have said it really is too small a group, at this point, to deal with the nature of the problems," Tim Condon from ING Financial Markets said. Watch Video MEDIA: VIDEO Permalink

US Recovery to Lag Behind Europe, Asia: Director

2009-07-03T15:25:21Z

We should not "jump the gun" and believe that we should be seeing all the economic numbers coming out on a positive level as we "still have a lot of turmoil to go," Ralph Silva from TowerGroup said. He sees the recovery starting at the end of the summer, with the US lagging behind Europe and Asia. Watch Video MEDIA: VIDEO Permalink

Market Tips: Time for Summer Selling

2009-07-03T15:26:12Z

Posted By: CNBC.com Global stocks were mixed Friday as investors sought refuge after worse-than-expected U.S. jobs data. Trade was also thin due to the U.S.

UK Services Sector Rises, But Pace Slows

2009-07-03T15:26:49Z

The UK services sector expanded for the second consecutive month in June, but the pace of the recovery slowed.

Pros Say: Inflation Threat is Real, So Buy Gold

2009-07-03T15:27:40Z

Forex Technical Analysis — July 3rd 2009

2009-07-03T15:28:01Z

This is a daily technical analysis of USD/JPY, EUR/USD, GBP/USD and USD/CHF pairs made ahead of a rather slow and not very promising trading session before U.S. Independence Day.

Euro little changed against dollar (AP)

2009-07-03T15:28:23Z

The euro stabilized against the dollar on Friday after falling the previous day, when a disappointing U.S. jobs report helped push up the American currency, a traditional safe haven for investors.

Predicting the Shape of the Recovery

2009-07-03T15:29:06Z

The economic outlook doesn't promise a "spring-loaded recovery," Mike Lenhoff from Brewin Dolphin Securities said. "It's going to be very difficult and everybody's feeling very cautious." But he sees the "enormous policy effort" eventually "reflating" the economy. Watch Video MEDIA: VIDEO Permalink

Swiss Franc Threatened as CPI Falls Most in 33 Years, Points to SNB Intervention (Euro Open) (Daily FX)

2009-07-03T15:32:06Z

The Swiss Franc looks vulnerable in the coming session as June?s headline inflation data threatens to embolden the central bank?s efforts to depreciate the currency. The Consumer Price Index is expected to shrink at an annual pace of -1.1% in June, the fourth consecutive month of losses and the largest drop in at least 33 years.

Post of the Day: Old Support Becomes New Resistance (Daily FX)

2009-07-03T15:33:26Z

Student?s Question: I am still on not clear on how old support becomes new resistance?or vice versa. Help!