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Forex: GBP/USD bounces off 1.5100

FXstreet.com (Barcelona) - The GBP/USD bounced back after testing the psychological support at 1.5100 and is moving back to its daily highs again, around 1.5145. The pair is currently trading at 1.5120/30 zone.

The March housing market index by NAHB eased from 46 to 44, contradicting the consensus for a rise to 47.
The EMU trade surplus eased from €10.3B to €9.0B in January (consensus of €3.4B), with non-seasonal data becoming deficit from €10.8B to €-3.9B, with consensus at €-3.5B.

The economic calendar showed an Italian global trade deficit in January, at €-1.619B, instead of the €2.110B surplus expected following December's €2.105B. Trade within the EU improved from €-1.212B to €0.663B.

“The bias here remains bullish above 1.5070 support area and my outlook is positive, for a rise through 1.5197, en route to 1.5330”, wrote Deltastock.com analyst Stoyan Mihaylov, pointing to initial support at 1.5070, followed by the major hurdle at 1.4980.

Forex: EUR/USD accelerates to test daily highs at 1.2975

The Euro is attempting to recover ground against the Dollar following today's opening gap. The single currency is trading under pressure on the back of the Cyprus 'corralito'. After rising 50 pips from 1.2920 in the last hour, the EUR/USD has risen to test the 1.2970, intra-day high.
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Forex Flash: Corporate sector equities expected to grow in 2013 – Goldman Sachs

There is a relationship between the ERP and cash/asset ratios; until recently, high levels of uncertainty have encouraged companies to hoard cash. According to the Economics Research Team at Goldman Sachs, “We expect the corporate sector to return more cash to shareholders and invest more for future growth as the ERP gradually moderates and the reward for spending continues to rise.”
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