Where traders come together

Economic News

BlackRock’s Koesterich: Greece vote raises chances of euro exit

Posted by on Jul 6, 2015

NEW YORK (Reuters) - Greece's sound rejection of a bailout at a referendum on Sunday increased the chances it may leave the euro zone, but Athens and its creditors could still reach...

Read More

Forex News

Greek Tragedy Affects Gold, Oil Prices

Posted by on Jul 7, 2015

All eyes may be focused on Grexit and the state of the euro, but commodity buyers are looking beyond Greece and the effects of the debt crisis on gold.

Read More

Fundamental Analysis

New Zealand Business Confidence At 3-Year Low, Fitch Confirms AA+ Rating

Posted by on Jul 7, 2015

New Zealand business confidence declined to the lowest level in three years in the second quarter as the economic outlook lost lustre. A net 5% of firms in the NZIER's quarterly...

Read More

Technical Analysis

Today’s Market Outlook

Posted by on Jul 7, 2015

The Euro traded within narrow range in Asia, awaiting today’s EU summit, as Greek drama is continuing. Yesterday’s recovery action covered overnight’s gap but rallies were...

Read More

Recent Posts

Today’s Market Outlook

Today’s Market Outlook

Jul 7, 2015

The Euro traded within narrow range in Asia, awaiting today’s EU summit, as Greek drama is continuing. Yesterday’s recovery action covered overnight’s gap but rallies were capped by daily Ichimoku cloud top. The price remains in the cloud, showing uncertainty ahead key decisions. The pair remains under pressure overall,...

New Zealand Business Confidence At 3-Year Low, Fitch Confirms AA+ Rating

New Zealand Business Confidence At 3-Year Low, Fitch Confirms AA+ Rating

Jul 7, 2015

New Zealand business confidence declined to the lowest level in three years in the second quarter as the economic outlook lost lustre. A net 5% of firms in the NZIER's quarterly survey of business opinion anticipated general business conditions to improve, down from 23% three months earlier and marking...

Greece Has Few Hours To Ensure Its Stay In Euro Bloc

Greece Has Few Hours To Ensure Its Stay In Euro Bloc

Jul 7, 2015

After Greek voters supported Alexis Tsipras' government by saying 'no' to more austerity in exchange for a new round of bailout funding from its international creditors, Yanis Varoufakis, Greek Finance Minister, unexpectedly announced his resignation. Euclid Tsakalotos is taking over from his notorious and controversial predecessor. Meanwhile, the ECB...

Canada’s Purchasing Activity Rises Less Than Expected, Lower Oil Prices Undermines Economic Outlook

Canada’s Purchasing Activity Rises Less Than Expected, Lower Oil Prices Undermines Economic Outlook

Jul 7, 2015

Canada's purchasing activity rose in June at a slower pace than expected, retreating from its high reached in the preceding month. Ivey PMI came in at 55.9, with a reading above the 50-mark threshold indicating expansion. The slower growth followed an increase to 62.3 in May, the highest level...

US Non-Manufacturing Sector Continues To Expand, Labour Market Looks Less Healthy In June

US Non-Manufacturing Sector Continues To Expand, Labour Market Looks Less Healthy In June

Jul 7, 2015

Even though activity in the US non-manufacturing sector rose in June, it fell shy of economists' expectations. According to the Institute for Supply Management, non-manufacturing PMI came in at 56.0 in June, up from 55.7 a month earlier, which was the lowest level since April last year. Yet, the...