wrapper

Monday, 29 June 2015
News

PBoC once again cuts interest rates

It was another uneventful morning part of the session for Aussie however, with initial bearish gap as over the weekend, the People's Bank of China cut interest rates and its deposit rate to 4.85% and the deposit rate to 2% respectively from Sunday. Furthermore, Greek concerns also had effect on Aussie.
Read more...
Friday, 26 June 2015
News

Aussie still stuck in consolidation

It is another uneventful session with no data releases from Australia, with Aussie edging down, but remaining within recent consolidation range in an Asian part of the session. Part of the downward pressure on the Australian dollar comes from China, Australia’s largest trading partner. The Chinese economy is showing signs of weakness nowadays. In May, China’s exports declined 2.8% year-over-year, after a 6.2% drop in April and a staggering 14.6% drop in March. Imports slipped a dramatic 18.1% in May and 16.2% in April. Read more...
Thursday, 25 June 2015
News

Aussie higher in an uneventful Thursday morning trade

The Australian dollar remained supported despite negative data lately from Australia as well as China as the Chinese numbers boosted hopes of additional stimulus. Main support comes from commodity prices. In the Asian part of the session the Australian dollar climbed off of recent lows to trade at 0.7742 gaining 42 points as the currency recovered from drastic declines over the past week as the strength of the US dollar weighed heavily along with disappointing Chinese HSBC manufacturing PMI which remained in contraction.
Read more...
Wednesday, 24 June 2015
News

Gold prices flat on Wednesday morning

There were no major data releases in the Asian session, with traders being more focused on commodity prices. On Wednesday morning gold is trading flat at 1176.50 just above its support level at 1174.80. Earlier this week gold dropped below $1,200 an ounce as equities climbed after Greece presented a new plan to stave off default before an emergency summit on the country’s debt crisis. Buying on dips for small profits can be done until deal is reached. Gold is unlikely to sustaining above $1200 levels thus short term correction towards $1160 is possible. Read more...

About Us

Forex Web News is part of Rolling Capital Network providing financial consulting.

Within the Forex Web News we provide our readers with expert and timely technical analyses, fundamental analyses and news; with one aim – for our readers to make best possible financial decisions.

Forex Web News desks and analysis department follow the international markets closely and create high quality proprietary content on a both daily and weekly basis.

.

All our analysts have several years of trading and analysis experience. The Forex Web News analysis team creates daily and weekly analyses and offer forecasts regarding where they believe the markets are heading. Our readers are provided with data displayed both in texts and on graphs, providing them the fullest understanding of what is happening in the market place.

We are constantly growing our news desks and our analysis departments as we strive to broaden the content we provide to visitors of the Forex Web News.

Disclaimer

Rolling-capital.com – The company, employees, subsidiaries and associates, are not liable nor shall they be held liable jointly or severally for any loss or damage as a result of reliance on the information provided on this website. The data contained in this website is not necessarily provided in real-time nor is it necessarily accurate. All prices herein are provided by market makers and not by exchanges. As such prices may not be accurate and they may differ from the actual market price. rolling-capital.com bears no responsibility for any trading losses you might incur as a result of using any data within the Forex Web News.

Copyright © 2024 Forex web news - Daily news, forecasts, analysis and charts for active Forex traders. All Rights Reserved. Designed by Ampelos