Buy GBP/USD at 1.5630
fxbom.com
09:38 PM
Signal GBP/USD
- BUY GBP/USD @ 1.5630
- TP 1.5700
- SL 1.5580
- Hit SL -50.
Euro Weakens Very Thin, Tends Investors Beware
fxbom.com
01:15 PM
In the euro in forex trading today (22-11), the currency moved lower tracked generally very thin. Euro Value Index tracked rolling in the range of 105.91 and down very thin – 0.01% from opening price (00:00 GMT).
Euro Index is still engaged in a pattern observed after moving sideways ultra flat 0.00% in trading yesterday. These developments can be signaling investors are still cautious.
Fxbom.com analyst, argued that the euro today still face the possibility of the consumption sector is still weak. Consumer Confidence Indicator is predicted to show negative performance of the reporting period -20 and the -20
Growth In East Asia To Moderate On Weaker Demand
fxbom.com
01:05 PM
SINGAPORE — Economic growth in East Asia continues to moderate, mainly due to weakening external demand, underscoring the need for governments to focus on driving local demand and productivity amid uncertainties in Europe and a global growth slowdown, the World Bank said in a report.
The World Bank expects gross domestic product growth in East Asia to be 8.2% in 2011 and 7.8% in 2012, according to its East Asia and Pacific Economic Update released in Singapore on Tuesday. That follows the region’s growth slowing from 9.1% in the last quarter of 2010 to 8.5% in the second quarter of 2011.
Outside Expectation the UK Retail Sales Improved, Sterling Gains Limited
fxbom.com
05:47 PM
Recent data releases Retail Sales indicator m / m which was just released by the National Statistics show a positive indication of progress on the British economy.
Release of these data impact to trade GBP/USD pair this evening (17-11), which happens observed strengthening pound sterling. The forex market responds to this by pushing GBP / USD so that in the range of 1.5757.
Actual data indicators Retail Sales m / m were reported to have increased to 0.6% previously forecast to fall to -0.2% from 0.5%.
Spanish Bond Yield Rises To Euro-Era High
fxbom.com
05:37 PM
LONDON — The yield on the benchmark 10-year Spanish bond hit a euro-era high Thursday, while French bonds also came under pressure ahead of debt auctions later in the day which will serve as a crucial test of appetite for bonds issued by highly indebted euro-zone countries.
The 10-year Spanish bond yield climbed 20 basis points to 6.57%, according to Tradeweb data, marking the highest yield since the advent of the euro.
The 10-year French bond yield rose three basis points to 3.72%, while the 10-year French/German yield spread climbed seven basis points to a euro-era wide of 195 basis points.
