Daily Forex Forecasts Oct 28 +430 Pips
www.urbanforex.com Analyst Navin Prithyani gives a recap on Oct 28's forecast performance. Learn how to dealings the forex markets professionally ...
Daily Forex Forecasts Oct 19 +1000 Pips
www.urbanforex.com Analyst Navin Prithyani gives a recap on Oct 19's forecast performance. Learn how to truck the forex markets professionally ...
Forex - Asia Open - Overnight Highlights
Asia Overnight Highlights - 29 July 2011
Radhika Rao, Connie Tse, Han Hao Li
ASIA Prospect:
Investors remained torn between fears of Eurozone debt contagion on one script and looming US debt ceiling deadline on the other, which saw EUR/USD rebound from o/n lows of sub-1.4280 to 1.4330-ish impression in late NY/early Asia though struggled to gain further ground. USD/JPY bounced off evanescent test below 77.65 in o/n trade to trade shade above 77.70 in early Asia. We await the results of Republican endorse on House Speaker Boehner's debt bill, which was postponed from the original notch of 2145-2215 GMT. Meanwhile Wall St failed to hold on to gains seen in wake of unexpected die in initial claims, as US debt ceiling overhang weighed on sentiment with wraith of a rating downgrade drawing closer. Expectations are nonetheless high of at least lot-up plan to be surface over the weekend as pressure on White House mounts from outlandish investors, big US banks, rating agencies and international bodies. Moody's joined the chorus counsel that a lowering in US rating could impact several line-up of over 170 state governments.
Dollar refuge appeal boosted…
So far the rural Benjamin refuge appeal is boosted on present persisting fears with the reoccur of investors' concerns following the release of today's data which indicated a dip in requests for durable goods during the month of June the worst of expectations, not to refer to the issue of procrastination to reach a final agreement by the makers of resolution in the Joint States over the question of raising the U.S. debt ceiling.
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