RBA Interest Rate Cut Leads to Aussie Losses
Posted on May 2nd, 2012 by admin in CountingPips
Source: ForexYard A bigger than expected cut in Australian interest rates last night turned AUD bearish against euro, USD and JPY in overnight trading. Additionally, poor US fundamentals brought USD/JPY to a fresh two-month low. Main News for Today UK Manufacturing PMI-08:30 GMT o Expected to show growth in the UK manufacturing sector o GBP [...]
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USD Remains Bearish During Slow Trading Day
Posted on May 2nd, 2012 by admin in CountingPips
Source: ForexYard The US dollar extended its bearish trend during yesterday’s trading session, as investors continued to digest the disappointing US Advance GDP figure released last week. The greenback hit a two month low against the Japanese yen while the GBP/USD rose to an eight-month high. Turning to today, most European markets are closed for [...]
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ForexCT Afternoon Market Thoughts for 1 May 2012
Posted on May 2nd, 2012 by admin in CountingPips
Video courtesy of ForexCT – A leading Australian forex broker, liscensed by the Australian Securities Investments Commission, offers the MetaTrader4 and PROfit Platform to retail traders. Other services include Segregated Accounts, Trading workshops, Tutorials, and Commodities trading.
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