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Forex: EUR/USD: Consolidation below 1.2951, likely – Mizuho

admin — Sat, 31 Jul 2010 05:05:05 +0000

Forex: EUR/USD: Consolidation below 1.2951, likely – Mizuho
FXstreet.com (Barcelona) – The Euro regained previous losses after the release of banks’ stress tests, and from 1.2800 area, the pair bounced up to a week-close at 1.2900, to remain consolidating between 1.2900 and 1.2950, a trend which, according to Nicole Elliott, technical analyst at Mizuho Corporate Bank, could extend through the whole week.

HCL net income up 3.7%; operating margin declines

admin — Sat, 31 Jul 2010 04:39:53 +0000

HCL net income up 3.7%; operating margin declines
HCL Technologies on Thursday reported a 3.7% rise in its net income at Rs 342 crore for the quarter ended June, 2010. However, the currency fluctuations affected the operating margins for the quarter. The forex losses stood at $30 million during the quarter against $14 million in the previous one.

Forex: EUR/GBP post new intra-day low at 0.8325

admin — Fri, 30 Jul 2010 22:38:44 +0000

Forex: EUR/GBP post new intra-day low at 0.8325
FXstreet.com (Barcelona) – The British currency continues to advance on Monday, gaining over 30 pips as Friday’s low at 0.8316 is dangerously approached. Prior to EUR/GBP fall, the pair had battled its way back down after an intra-day high at 0.8379 was hit earlier in Asia.

USDJPY Technicals for July 30th

admin — Fri, 30 Jul 2010 16:40:01 +0000

USDJPY Technicals for July 30th
To review, everything from the 2009 low appears to be corrective. The 3 wave rally from 8480 is surely corrective, so there is the possibility that the USDJPY continues lower from here and takes out 8480 (which would mean that what was thought to be a b wave triangle would actually be a series of 1st and 2nd waves). Favor the downside to a new low (below 8626) against 8920. Risk can be moved to …

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Forex: AUD/JPY near 1-month high at 78.70

admin — Fri, 30 Jul 2010 10:39:18 +0000

Forex: AUD/JPY near 1-month high at 78.70
FXstreet.com (Barcelona) – The Australian dollar continues to climb against the Japanese yen today, after adding nearly 40 pips this previous Friday. Currently the AUD/JPY is hovering around 78.70 where it threatens a 1-month high in 78.86 last reached July 14.

Speculative Sentiment Index Points to Further U.S. Declines

admin — Fri, 30 Jul 2010 05:04:15 +0000

Speculative Sentiment Index Points to Further U.S. Declines
EURUSD – Euro Forecast to Gain Versus U.S. Dollar GBPUSD – British Pound Turnaround May Be on the Horizon USDJPY – Japanese Yen Positioning Remains USDCHF – Swiss Franc May Continue to Strengthen against Dollar USDCAD – Canadian Dollar Forecast to Break Below Narrow Range GBPJPY – British Pound Forecast to Advance Against Yen View individual currency SSI charts in our FX Sentiment section …

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Inmet profit hit by forex losses

admin — Fri, 30 Jul 2010 04:40:22 +0000

Inmet profit hit by forex losses
Miner’s quarterly earnings fall 27 per cent to $48.4-million

Stocks up on AstraZeneca, Bayer, telecom earns

admin — Thu, 29 Jul 2010 22:38:44 +0000

Stocks up on AstraZeneca, Bayer, telecom earns
World stock markets mostly rose Thursday after another batch of positive earnings and further evidence that Europe’s economy is recovering faster than previously expected.

GE Shipping April-June net up, beats f’cast

admin — Thu, 29 Jul 2010 16:39:00 +0000

GE Shipping April-June net up, beats f’cast
(Adds details, shares)

Read more on Reuters via Yahoo! Asia News

USDJPY Technicals for July 28th

admin — Thu, 29 Jul 2010 10:39:30 +0000

USDJPY Technicals for July 28th
To review, everything from the 2009 low appears to be corrective. The 3 wave rally from 8480 is surely corrective, so there is the possibility that the USDJPY continues lower from here and takes out 8480 (which would mean that what was thought to be a b wave triangle would actually be a series of 1st and 2nd waves). Favor the downside to a new low (below 8626) against 8920. Above 8920 would …

Read more on Daily FX via Yahoo! Finance