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Economic News

Soros, India’s Chatterjee win dismissal of TradeWinds lawsuit

Posted by on Apr 1, 2015

NEW YORK (Reuters) - Billionaire investor George Soros and Indian entrepreneur Purnendu Chatterjee on Tuesday won the dismissal of a U.S. lawsuit in which cargo carrier TradeWinds...

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Forex News

Euro Poised for New Quarterly Record

Posted by on Mar 31, 2015

As the end of this quarter draws to a close, the common currency Euro is poised to record its single worst quarter ever.

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Fundamental Analysis

China: NBS Manufacturing PMI Improves Slightly But Details Remain Weak

Posted by on Apr 1, 2015

China’s official manufacturing PMI published by the National Bureau of Statistics (NBS) in March improved slightly to 50.1 (Consensus: 49.7, DBM 49.5) from 49.9 in February. The...

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Technical Analysis

EUR/USD Tries To Remain Above 2003 Low

Posted by on Apr 1, 2015

On Tuesday, EUR/USD declined significantly for the second consecutive day. Moreover, the Euro tried to penetrate one of the strongest support levels at 1.0760, represented by 2003...

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Recent Posts

China: NBS Manufacturing PMI Improves Slightly But Details Remain Weak

China: NBS Manufacturing PMI Improves Slightly But Details Remain Weak

Apr 1, 2015

China’s official manufacturing PMI published by the National Bureau of Statistics (NBS) in March improved slightly to 50.1 (Consensus: 49.7, DBM 49.5) from 49.9 in February. The HSBC/Markit manufacturing PMI in its final reading also released this morning declined to 49.6 (revised up from 49.2) from a final reading of 50.7 in...

Unexpected Rise In China PMI, Japans Tankan Soft

Unexpected Rise In China PMI, Japans Tankan Soft

Apr 1, 2015

In the Asian session, the big story was the strong performance of Chinese shares. While the majority of Asian equity markets underperformed Shanghai and Shenzhen were higher by 1.4% and 1.8% respectively (Hang Seng rose 0.71%). In particular, the Shanghai composite looks to close above 3800 key psychological resistance....

EUR/USD Tries To Remain Above 2003 Low

EUR/USD Tries To Remain Above 2003 Low

Apr 1, 2015

On Tuesday, EUR/USD declined significantly for the second consecutive day. Moreover, the Euro tried to penetrate one of the strongest support levels at 1.0760, represented by 2003 low and weekly S1. However, currently this level is succeeding in holding pair's bears from pushing the cross lower. In case the...

GBP/USD Keeps Moving Sideways

GBP/USD Keeps Moving Sideways

Apr 1, 2015

Because of a lack of momentum GBP/USD failed to push through support at 1.48, and now the currency pair is headed towards the upper edge of the last week's trading range. The gains should be capped at 1.49, where the weekly PP merges with the 20-day SMA. And while...

USD/JPY Halts At 120

USD/JPY Halts At 120

Apr 1, 2015

As it turned out, demand at 119 was insufficient to send the price through 120 in an instant. The bears here continue to resist development of a rally, but should eventually give in. The next objective will then be the 2014 high near 122. However, we still cannot rule...