Pending U.S. existing homes sales rise 1.0% in December
Submitted by admin on Tue, 02/02/2010 - 19:03.WASHINGTON (Reuters) - The pending sales of existing U.S. homes rose in December in line with expectations, which should help calm fears of renewed weakness in the beleaguered sector, a survey showed on Tuesday private.
The National Association of Realtors (NAR) said its index of pending home sales, based on contracts signed in December and still run, rose 1.0 percent to 96.6, following a collapse in November because the effect of a tax credit vanished.
Dollar climbs vs yen, euro rises after four sessions in negative
Submitted by admin on Mon, 02/01/2010 - 22:17.NEW YORK (Reuters) - The dollar rose against the yen on Monday, as high-yielding currencies after a positive report about the worldwide manufacturing sector boosted optimism about the global economic recovery.
The euro also advanced in the day, leaving behind four consecutive days and moving into negative territory in line with the stock markets and the appetite for risk has increased due to increasing optimism about growth.
During the last year the euro became an indicator of risk appetite among the currencies of developed countries.
Forecast Currencies, Tuesday 2 February 2010
Submitted by admin on Mon, 02/01/2010 - 21:35.Free Signals Sign In
EUR-USD
It should climb to 1.3935-1.3962 after which should fall to 1.3876.
USD-CHF
It should go to 1.0595 or 1.0608. We can see the supports at 1.0559 and 1.0536.
GBP-USD
It should climb to 1.5969-1.6008. The entry points would be 1.5929 or 1.5904.
USD-JPY
Should complete its rise in 90.7790-91.0403. In case of a correction, should find support in 90.3050-90.0923.
USD-CAD
It should drop to 1.0568 if 1.0644-1.0664 resist. After which should go up to 1.0664 or 1.0683.
2010 U.S. budget deficit to rise to record
Submitted by admin on Mon, 02/01/2010 - 19:33.WASHINGTON (Reuters) - President Barack Obama projected Monday that the U.S. budget deficit would touch a new record in 2010, challenging its commitment to exhibit fiscal responsibility while striving to lower the unemployment rate to double digits.
Described by his Republican opponents as old-style liberal spending and tax burden, Obama is under pressure to convince investors and large creditors like China that has a credible plan to control the country's deficit and its enormous debt to the over time.
Dollar soars on better than expected data on U.S.
Submitted by admin on Fri, 01/29/2010 - 22:16.NEW YORK (Reuters) - The dollar rose on Friday against the currencies of reference in the world after economic data reinforced expectations better than the idea that America is recovering faster than other developed countries.
The euro fell below $ 1.39 a minimum of six months and a half because investors remained concerned about the fiscal health of some of the smallest countries in the euro area, including Greece and Portugal.
U.S. economy grows 5.7% in 4th quarter, highest in 6 years
Submitted by admin on Fri, 01/29/2010 - 17:31.WASHINGTON (Reuters) - The U.S. economy grew by 5.7 percent in the fourth quarter, a faster pace than expected and the highest rate in over six years due to cuts made firms less aggressive in their inventories and increased the spending.
The Commerce Department said on Friday its first estimate of gross domestic product (GDP) for the fourth quarter showed the highest growth rate since the third quarter of 2003. The economy expanded at an annual rate of 2.2 percent between July and September.
Forecast Currencies, Friday, 29 January 2010
Submitted by admin on Thu, 01/28/2010 - 21:08.Free Signals Sign In
EUR-USD
It should fall to 1.3954-1.3921 after which it should climb 1.4012-1.4037.
USD-CHF
If it is below 1.0539-1.0559 should fall to 1.0500 or 1.0481. If it rise above 1.0559 could see it above 1.0596.
GBP-USD
This pair has a triangle pattern. If it rise above 1.6276 or fall below 1.6113, there would be an acceleration in prices.
USD-JPY
It should climb to 90.4363-90.9527 from 89.7765 and 89.5183.
USD-CAD
It should climb to 1.0667-1.0704 after which should fall to 1.0590.
Durable goods orders rise in December, unemployment yields
Submitted by admin on Thu, 01/28/2010 - 19:33.WASHINGTON (Reuters) - New orders for manufactured durable goods in the U.S. rose last month and the number of workers filing unemployment insurance fell last week, signs that the greater global economy remains on a steady path of recovery.
The Commerce Department said orders for durable goods rose 0.3 percent after a decline of 0.4 percent in November, which had originally been reported as a drop of 0.7 percent.
Dollar rises vs euro on fears Greece and Portugal
Submitted by admin on Thu, 01/28/2010 - 19:27.NEW YORK (Reuters) - The dollar rose Thursday to its highest level in over six months against the euro, due to lingering concerns about the fiscal health of the smallest countries in the euro area, like Greece and Portugal.
The premium demanded by investors to opt for Greek debt bonds instead of the German benchmark climbed Thursday to a new high since the inception of the euro zone, while the cost of insuring debt before an eventual Hellenic cessation payments also rose to a record high.
Forecast Currencies, Thursday, 28 January 2010
Submitted by admin on Wed, 01/27/2010 - 21:35.Free Signals Sign In
EUR-USD
It should end its fall in 1.3979, after which they should go up to 1.4083.
USD-CHF
If it is below 1.0514-1.0536 should fall to 1.0474 or 1.0457. If it rise above 1.0536 could see it above 1.0570.
GBP-USD
It should fall to 1.6139-1.6104 after which it should climb 1.6207-1.6240. We should place the stop loss above 1.6310.
USD-JPY
Should go to 90.7870 after which should fall to 89.4037 or 88.8023.
USD-CAD