Market outlook By acfx.com

[indrajeet]

Currencies   

 EUR/USD The euro was poised for the biggest monthly decline since September, before a sale of Italian debt tomorrow and data this week forecast to confirm that the prolonged debt crisis is hurting the region’s economy.The euro fell 0.1 percent to $1.2528 as of 11:48 a.m. in Tokyo from yesterday after touching $1.2496 on May 25, the lowest since July 6, 2010. It has lost 5.4 percent in May, set for the biggest monthly drop since September.

AUD/USD and NZD/USD The Australian and New Zealand dollars slid versus the majority of their major peers as concern Europe’s fiscal turmoil is spreading and hurting economic growth curbed demand for higher-yielding assets.Australia’s currency slid 0.2 percent to 98.33 U.S. cents, while New Zealand’s dollar dropped 0.3 percent to 76 U.S. cents.

EUR/JPY The 17-nation currency was 0.2 percent from the lowest since July 2010 after yield premiums on Spain’s securities over Germany’s rose to the most in 17 years.The euro traded at 99.56 yen after having lost 2 percent in the past five days to 99.67 yesterday.
http://blog.acfx.com/daily-market-outlook

[indrajeet]

une 7th, 2012

Currencies   

EUR/USD The dollar was within 0.1 percent of a more than one-week low against the euro on bets Federal Reserve Chairman Ben S. Bernanke today may signal more stimulus is needed to spur a recovery in the world’s largest economy.
The dollar was little changed at $1.2580 per euro as of 10:38 a.m. in Tokyo from the close in New York yesterday, when it sank 1 percent and touched $1.2586, the weakest since May 28.

USD/CAD  Canada’s dollar appreciated for a third day versus its U.S. counterpart, the longest streak since April, as speculation global policy makers will take steps to spur economic growth propelled equities and commodities.
Canada’s currency, nicknamed the loonie, rose 1 percent to C$1.0276 per U.S. dollar at 5 p.m. in Toronto, its biggest intraday move since April 17. One Canadian dollar buys 97.33 U.S. cents

USD/JPY  The yen declined versus most of its 16 major counterparts as Asian stocks extended a global rally, damping demand for lower-yielding currencies.
The U.S. currency added 0.2 percent to 79.36 yen. The 17-nation euro rose 0.2 percent to 99.83 yen. The Australian dollar strengthened 0.2 percent to 99.50 U.S. cents.
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