Blogs

Euro Surges of Recovery Fund Hope, Yen Tumbles

Forex

<p>Yen, Dollar and Swiss Franc remain generally weak today eventual risk rally starts to take a breather in European session. On the other hand, currency market have some what shifted from commodity currencies to Euro and Sterling. Euro is lifted by optimism on the Franco-German recovery fund plan. Sterling is boosted by UK’s new, post-

UK PMIs Unlikely to Rescue Pound from Mounting Risks

Forex

<p>In Britain, the preliminary PMIs for May will hit the markets at 08:30 GMT Thursday, ahead of retail sales for April at 06:00 GMT on Friday. The PMIs are expected to rise, but to remain deep within contractionary waters, while retail sales are primed for a record collapse. As for the pound, it is being […]

U.S. Housing Starts Slide Further in April 

Forex

<p>After falling by close to 19% in March, U.S. housing starts fell another 30.2% in April to 891k units (annualized). The April tally came in well below the market consensus forecast, which called for a 927k-print, and marked he weakest showing since early-2015. Starts pulled back in both the single-family and multi-family segments, with the

Silver Touches 10-Week High but Returns Near 200-SMA

Forex

<p>Silver has climbed considerably higher on Monday, resting near a fresh ten-week high of 17.60, surpassing a strong key level – the 200-day simple moving average (SMA) – but the price failed to end the day above it. The momentum indicators suggest an overbought market as the stochastic completed a bearish cross within the %K […]

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