Provides the latest RSS feeds for Foreign Exchange News. For more headlines on Breaking, National, Business, Finance, Sports and World News, visit our home page Perth Herald.com http://www.perthherald.com/index.php/cat/758c4df8d6430978/ en-us Wed, 22 May 2013 23:26:39 -0400 Wed, 22 May 2013 23:26:39 -0400 30 Beijing, May 22 (Xinhua-ANI): The U.S. dollar advanced against most major currencies on Tuesday, but weakened against the euro after a U.S. Federal Reserve official indicated that the central bank may not taper its bond-purchasing program soon. St. Louis Federal Reserve Bank President James Bullard said at an event in Frankfurt that the Fed should continue with the quantitative easing to boost ... http://www.perthherald.com/index.php/sid/214685516/scat/758c4df8d6430978 Wed, 22 May 2013 06:50:03 -0400 http://www.perthherald.com/index.php/sid/214685516/scat/758c4df8d6430978 2013 "FXstreet.com. The Fore Market" All Rights Reserved. Every effort is made to provide accurate and complete information. However, with the thousands of documents available, often uploaded within short deadlines, we cannot guarantee that there will be no errors. Any republication or redistribution of FXstreet.com content is expressly prohibited without the prior written consent of ... http://www.perthherald.com/index.php/sid/214704884/scat/758c4df8d6430978 Wed, 22 May 2013 21:56:52 -0400 http://www.perthherald.com/index.php/sid/214704884/scat/758c4df8d6430978 FITITOL--> FXstreet.com (Barcelona) - Despite current weakness in Euro making a 2-day low against the USD, the single currency is having a fest against the Aussie, last at 1.3285, off recent fresh 1.5-year high at 1.3319, printed on the back of Fed chairman Bernanke's comments in early NY trade.According to FXWW founder Sean Lee, "One big macro fund bought EUR/AUD in size" ... http://www.perthherald.com/index.php/sid/214704885/scat/758c4df8d6430978 Wed, 22 May 2013 21:56:51 -0400 http://www.perthherald.com/index.php/sid/214704885/scat/758c4df8d6430978 FXstreet.com (Barcelona) - The precious metals traded in a wide range today but finished marginally lower with gold closing down 0.43% at 1368 and silver ending down 0.71% to finish at 22.20 as the US Dollar bears went running for cover after Chairman Bernanke's testimony in front of congress and the release of the most recent FOMC minutes.Oil also finished the day lower, closing down 1.83% ... http://www.perthherald.com/index.php/sid/214704886/scat/758c4df8d6430978 Wed, 22 May 2013 21:56:50 -0400 http://www.perthherald.com/index.php/sid/214704886/scat/758c4df8d6430978 Wed May 22, 2013 9:14pm EDT SYDNEY May 23 (Reuters) - Ford Motor Co said on Thursday it is closing its two Australian auto plants and will cease production in the country in October 2016. Ford Australia Chief Executive Bob Graziano said the company will close its engine plant in Geelong and its assembly plant in Broadmeadows, both in the state of Victoria. The car manufacturer has struggled with ... http://www.perthherald.com/index.php/sid/214704095/scat/758c4df8d6430978 Wed, 22 May 2013 21:14:27 -0400 http://www.perthherald.com/index.php/sid/214704095/scat/758c4df8d6430978 Q: How can investors profit from a rising dollar? A: Despite cries from gold bugs that the U.S. dollar would collapse, just the opposite has been happening. The value of the dollar has been ... http://www.perthherald.com/index.php/sid/214703805/scat/758c4df8d6430978 Wed, 22 May 2013 20:59:08 -0400 http://www.perthherald.com/index.php/sid/214703805/scat/758c4df8d6430978 The Trend Trader helps to identify the current trend status of your favorite ETF markets. It not only helps us to stay on the right side of market direction, but also helps us avoid those without a trend. You can even use the grid as a spread matrix too - buying strength and selling weakness. Pivot Point analysis is merely a tool and should be used with other technical indicators. It can be ... http://www.perthherald.com/index.php/sid/214703807/scat/758c4df8d6430978 Wed, 22 May 2013 20:48:59 -0400 http://www.perthherald.com/index.php/sid/214703807/scat/758c4df8d6430978 FXstreet.com (Barcelona) - The USD/JPY continued its trek higher today, climbing another 64 pips to close at 103.11 (highest daily close since Oct 2008)According to Sean Callow of Westpac, "USD/JPY price action was interesting, the pair emerging only slightly higher versus the pre-Bernanke levels, from 103.00 to 103.15 in early Sydney. Of course in the meantime it traded a wide 102.69 - ... http://www.perthherald.com/index.php/sid/214703808/scat/758c4df8d6430978 Wed, 22 May 2013 20:48:36 -0400 http://www.perthherald.com/index.php/sid/214703808/scat/758c4df8d6430978 FXstreet.com (Barcelona) - EUR/USD is having another round of fresh selling at the moment in early Tokyo trade, taking the pair to session and 2-day lows last at ... http://www.perthherald.com/index.php/sid/214703809/scat/758c4df8d6430978 Wed, 22 May 2013 20:48:35 -0400 http://www.perthherald.com/index.php/sid/214703809/scat/758c4df8d6430978 FXstreet.com (Barcelona) - The Aussie finished the day sharply lower, down 108 pips to end at 0.9689 which is the lowest daily close for the pair since Nov 2011.According to analysts at NAB Global Markets, "the Australian Dollar slumped to USD0.9662; less than a cent above last year's USD0.9582 low point. Price action around current levels will be crucial and the failure to break even ... http://www.perthherald.com/index.php/sid/214703810/scat/758c4df8d6430978 Wed, 22 May 2013 20:48:35 -0400 http://www.perthherald.com/index.php/sid/214703810/scat/758c4df8d6430978 FXstreet.com (Barcelona) - Crude oil remains bearish below the 97.1 resistance, which is formed by few Fibonacci levels.According to Technical Strategist Dmytro Bondar at RBS, "The price is forming a double-top with the 87 target after breaching the 93.6 support, formed by a Fibonacci retracement from the August - September 2012 impulse wave. However, it had a strong reaction from the 61.8% ... http://www.perthherald.com/index.php/sid/214703811/scat/758c4df8d6430978 Wed, 22 May 2013 20:48:34 -0400 http://www.perthherald.com/index.php/sid/214703811/scat/758c4df8d6430978 The euro zone economy is declining for six consecutive quarters. Nine of the 17 countries are in recession: Spain, France, Italy, Finland, Netherlands, Portugal, Cyprus, Greece and Slovenia. The austerity policy imposed by the troika and the German government of Angela Merkel is sinking Europe. Eurostat data was released on Wednesday (15th) and are relative to GDP in the euro area in the first ... http://www.perthherald.com/index.php/sid/214702999/scat/758c4df8d6430978 Wed, 22 May 2013 20:31:53 -0400 http://www.perthherald.com/index.php/sid/214702999/scat/758c4df8d6430978 Low borrowing costs are creating a spoiled generation of homeowners who have never experienced the adversity of rising interest rates.Renewing a mortgage? Just contact your lender to find out how much less you'll be paying. A report issued Wednesday by a group representing mortgage brokers found that people renewing in 2012 and early 2013 nailed a rate that was, on average, 0.91 of a ... http://www.perthherald.com/index.php/sid/214701770/scat/758c4df8d6430978 Wed, 22 May 2013 20:06:55 -0400 http://www.perthherald.com/index.php/sid/214701770/scat/758c4df8d6430978 Wed May 22, 2013 7:54pm EDT * Dollar index holds near three-year highs * Fed could step down bond-buying pace if economy continues to improve * HSBC's early report on China's factory sector next in focus By Ian Chua SYDNEY, May 23 (Reuters) - The dollar hovered at a near three-year high against a basket of major currencies in Asia on Thursday, having risen broadly as Treasury yields ... http://www.perthherald.com/index.php/sid/214703797/scat/758c4df8d6430978 Wed, 22 May 2013 19:54:24 -0400 http://www.perthherald.com/index.php/sid/214703797/scat/758c4df8d6430978 United States Wall Street saw its biggest one day swing in six months and the Australian dollar dropped overnight as investors raised concerns that the US Federal Reserve will scale back its stimulus program shortly.Markets initially rose as Federal Reserve chairman Ben Bernankeaddressed Congress saying the quantitative easing program is providing significant benefits to the American economy ... http://www.perthherald.com/index.php/sid/214701690/scat/758c4df8d6430978 Wed, 22 May 2013 19:52:40 -0400 http://www.perthherald.com/index.php/sid/214701690/scat/758c4df8d6430978 United States The Australian dollar and US stocks have fallen after mixed messages from the Federal Reserve over its $US85 billion a month stimulus program.The Fed's chairman Ben Benanke told Congress it was too soon to scale back the stimulus because it was helping the American economy recover.Mr Bernanke says he will consider winding it down in the "next few meetings".However, ... http://www.perthherald.com/index.php/sid/214702121/scat/758c4df8d6430978 Wed, 22 May 2013 19:52:40 -0400 http://www.perthherald.com/index.php/sid/214702121/scat/758c4df8d6430978 THE US dollar has strengthened against other major currencies after Federal Reserve chief Ben Bernanke suggested the Fed could taper its massive stimulus in the coming ... http://www.perthherald.com/index.php/sid/214702778/scat/758c4df8d6430978 Wed, 22 May 2013 19:41:27 -0400 http://www.perthherald.com/index.php/sid/214702778/scat/758c4df8d6430978 FITITOL--> FXstreet.com (Barcelona) - The USD/SGD posted today a fresh 10-month high at 1.2682 following Fed Bernanke's comments on leaving door open to QE tapering in case US economy improves. The pair trades last at 1.2675, a +0.62% higher from previous Asia-Pacific open yesterday.USD/SGD has finally bounce past May 09 on a previous inverted H&S reversal pattern's neckline, ... http://www.perthherald.com/index.php/sid/214702781/scat/758c4df8d6430978 Wed, 22 May 2013 19:39:44 -0400 http://www.perthherald.com/index.php/sid/214702781/scat/758c4df8d6430978 FXstreet.com (Barcelona) - The Kiwi finished the session sharply lower, down 109 pips to close at 0.0857 as a 'risk off' vibe echoed throughout the markets after Fed Chairman Bernanke's testimony in front of congress.According to Mike Jones, Currency Strategist at BNZ, "smoothing through a bit of volatility (which saw the NZD/USD briefly propelled to 0.8200), the market ... http://www.perthherald.com/index.php/sid/214702780/scat/758c4df8d6430978 Wed, 22 May 2013 19:39:44 -0400 http://www.perthherald.com/index.php/sid/214702780/scat/758c4df8d6430978 FXstreet.com (Barcelona) - EUR/JPY is last near session highs at 132.67, about flat for the week, off fresh 3-year highs at 133.80, highest since early Jan 2010. The cross jumped to mentioned highs on the back of strong Euro and weak Yen at the same time following Fed Bernanke's comments, but soon eased on USD and Yen strength as EUR/USD was dumped to 2-day ... http://www.perthherald.com/index.php/sid/214702782/scat/758c4df8d6430978 Wed, 22 May 2013 19:39:43 -0400 http://www.perthherald.com/index.php/sid/214702782/scat/758c4df8d6430978 EUR/USD traded lower on Wednesday as market was concerned about the life of the QE. In his testimony, Federal Reserve Chairman Ben Bernanke repeated that the QE is linked to the economic data. No clear hint, but later the FOMC minutes showed that the board will discuss tapering in June, suggesting that the central bank is divided on what to do on stimulus.The EUR/USD closed its first negative day ... http://www.perthherald.com/index.php/sid/214701416/scat/758c4df8d6430978 Wed, 22 May 2013 18:31:13 -0400 http://www.perthherald.com/index.php/sid/214701416/scat/758c4df8d6430978 THE US dollar has strengthened against other major currencies after Federal Reserve chief Ben Bernanke suggested the Fed could taper its massive stimulus in the coming months. The euro bought $1.2855 around 2100 GMT, down from $1.2906 at the same time on Tuesday. The dollar also rose against the Japanese currency, to 103.31 yen from 102.47 yen late on Tuesday. The euro edged up to 132.58 yen from ... http://www.perthherald.com/index.php/sid/214701414/scat/758c4df8d6430978 Wed, 22 May 2013 18:21:17 -0400 http://www.perthherald.com/index.php/sid/214701414/scat/758c4df8d6430978 THE US dollar has strengthened against other major currencies after Federal Reserve chief Ben Bernanke suggested the Fed could taper its massive stimulus in the coming months. The euro bought $1.2855 around 2100 GMT, down from $1.2906 at the same time on Tuesday. The dollar also rose against the Japanese currency, to 103.31 yen from 102.47 yen late on Tuesday. The euro edged up to 132.58 yen from ... http://www.perthherald.com/index.php/sid/214703806/scat/758c4df8d6430978 Wed, 22 May 2013 18:21:17 -0400 http://www.perthherald.com/index.php/sid/214703806/scat/758c4df8d6430978 THE US dollar has strengthened against other major currencies after Federal Reserve chief Ben Bernanke suggested the Fed could taper its massive stimulus in the coming months. The euro bought $1.2855 around 2100 GMT, down from $1.2906 at the same time on Tuesday. The dollar also rose against the Japanese currency, to 103.31 yen from 102.47 yen late on Tuesday. The euro edged up to 132.58 yen from ... http://www.perthherald.com/index.php/sid/214702779/scat/758c4df8d6430978 Wed, 22 May 2013 18:21:17 -0400 http://www.perthherald.com/index.php/sid/214702779/scat/758c4df8d6430978 THE US dollar has strengthened against other major currencies after Federal Reserve chief Ben Bernanke suggested the Fed could taper its massive stimulus in the coming months. The euro bought $1.2855 around 2100 GMT, down from $1.2906 at the same time on Tuesday. The dollar also rose against the Japanese currency, to 103.31 yen from 102.47 yen late on Tuesday. The euro edged up to 132.58 yen from ... http://www.perthherald.com/index.php/sid/214704882/scat/758c4df8d6430978 Wed, 22 May 2013 18:21:17 -0400 http://www.perthherald.com/index.php/sid/214704882/scat/758c4df8d6430978 THE US dollar has strengthened against other major currencies after Federal Reserve chief Ben Bernanke suggested the Fed could taper its massive stimulus in the coming months. The euro bought $1.2855 around 2100 GMT, down from $1.2906 at the same time on Tuesday. The dollar also rose against the Japanese currency, to 103.31 yen from 102.47 yen late on Tuesday. The euro edged up to 132.58 yen from ... http://www.perthherald.com/index.php/sid/214701415/scat/758c4df8d6430978 Wed, 22 May 2013 18:21:17 -0400 http://www.perthherald.com/index.php/sid/214701415/scat/758c4df8d6430978 The Canadian dollar took a mighty tumble today amid the turmoil in currency and stock markets sparked by the Federal Reserve.This actually isn't so much about the Canadian dollar falling as it is about the U.S. currency ... http://www.perthherald.com/index.php/sid/214699304/scat/758c4df8d6430978 Wed, 22 May 2013 17:49:06 -0400 http://www.perthherald.com/index.php/sid/214699304/scat/758c4df8d6430978 Over the past several years, the Federal Reserve has added trillions of dollars to its balance sheet, purchasing bonds in order to stimulate the economy. Many investors have been concerned that when the Fed starts selling off those bonds it could create turmoil in the markets. But in Congressional testimony on Wednesday, Ben Bernanke said the Fed might not sell off those bonds at ... http://www.perthherald.com/index.php/sid/214698948/scat/758c4df8d6430978 Wed, 22 May 2013 17:44:49 -0400 http://www.perthherald.com/index.php/sid/214698948/scat/758c4df8d6430978 More progress needed before US stimulus pullback - Bernanke The New Zealand dollar fell after US Federal Reserve chairman Ben Bernanke said the central bank may taper monthly bond purchases at its next few meetings if it's confident of sustained gains in the economy. The kiwi dropped to 80.64 US cents from 81.47 cents at 5pm in Wellington yesterday. The trade-weighted index fell to 76.38 ... http://www.perthherald.com/index.php/sid/214699017/scat/758c4df8d6430978 Wed, 22 May 2013 17:33:51 -0400 http://www.perthherald.com/index.php/sid/214699017/scat/758c4df8d6430978 A strengthening US dollar is weighing heavily on the kiwi, said Michael Johnston, a senior trader at HiFX. Photo / File The New Zealand dollar fell after US Federal Reserve Chairman Ben Bernanke said the central bank may taper monthly bond purchases at its next few meetings if it's confident of sustained gains in the economy. The kiwi dropped to 80.64 US cents from 81.47 cents at ... http://www.perthherald.com/index.php/sid/214699042/scat/758c4df8d6430978 Wed, 22 May 2013 17:31:56 -0400 http://www.perthherald.com/index.php/sid/214699042/scat/758c4df8d6430978 * C$ at C$1.0372 vs US$, or 96.41 U.S. cents * Loonie hits weakest level since last June as US$ rallies * Flat domestic retail sales data helps push C$ lower * Fed hints of less stimulus to come gives US$ a big boost By Alastair Sharp TORONTO, May 22 (Reuters) - The Canadian dollar lost more than a cent against its U.S. counterpart on Wednesday, hurt by a double whammy of soft domestic ... http://www.perthherald.com/index.php/sid/214700029/scat/758c4df8d6430978 Wed, 22 May 2013 17:24:44 -0400 http://www.perthherald.com/index.php/sid/214700029/scat/758c4df8d6430978 FXstreet.com (San Francisco) - The US stocks market closed negative on Wednesday as investors were concerned on Fed tapering QE. Bernanke's speech and FOMC minutes leave the sensation that the board is divided about what to do on bond buying. Wall Street finished the day into solid losses after retracing from fresh all time highs.The Dow Jones declined 80.41 points or 0.52% to end the day at ... http://www.perthherald.com/index.php/sid/214700034/scat/758c4df8d6430978 Wed, 22 May 2013 17:21:42 -0400 http://www.perthherald.com/index.php/sid/214700034/scat/758c4df8d6430978 FXstreet.com (San Francisco) - The Greenback traded higher on Wednesday after the Federal Reserve Chairman Ben Bernanke repeated that the QE is linked to economic data. Later, FOMC minutes showed that many members said economy must improve further before reducing the bond purchases. However, the minutes also said that the board will discuss tapering in June suggesting that the central bank is ... http://www.perthherald.com/index.php/sid/214700033/scat/758c4df8d6430978 Wed, 22 May 2013 17:21:42 -0400 http://www.perthherald.com/index.php/sid/214700033/scat/758c4df8d6430978 Note: FXstreet.com treats your personal information as confidential and does not disclose it to any third parties other than the company selected. Your privacy is our greatest ... http://www.perthherald.com/index.php/sid/214700035/scat/758c4df8d6430978 Wed, 22 May 2013 17:21:41 -0400 http://www.perthherald.com/index.php/sid/214700035/scat/758c4df8d6430978 * Bernanke says could scale back bond buys at one of its next few meetings * Swiss franc falls, SNB's Jordan did not rule out negative interest rates * BOJ upgrades economic assessment, stands pat as expected By Wanfeng Zhou NEW YORK, May ... http://www.perthherald.com/index.php/sid/214700005/scat/758c4df8d6430978 Wed, 22 May 2013 17:07:27 -0400 http://www.perthherald.com/index.php/sid/214700005/scat/758c4df8d6430978 * Investors focus on possible tapering of Fed's bond buying * Dollar index up, Treasuries fall * U.S. stocks turn lower, S&P 500 comes off high * Crude oil tumbles after jump in supplies By Ryan Vlastelica NEW YORK, May 22 (Reuters) - Stocks, bonds and currencies took a wild ride on Wednesday, as remarks by Federal Reserve Chairman Ben Bernanke failed to provide the clear picture investors ... http://www.perthherald.com/index.php/sid/214698958/scat/758c4df8d6430978 Wed, 22 May 2013 16:50:20 -0400 http://www.perthherald.com/index.php/sid/214698958/scat/758c4df8d6430978 FXstreet.com (San Francisco) - The Euro is currently trading lower against the Japanese yen and after falling around 160 pips from 133.80 in the American session, the EUR/JPY is testing now the 123.20 area. At this moment, the EUR/JPY is pricing at 123.40, still 0.1% positive on the day. However, short term perspective is slightly bearish in the 15-minute chart according to the FXstreet.com trend ... http://www.perthherald.com/index.php/sid/214698674/scat/758c4df8d6430978 Wed, 22 May 2013 16:11:08 -0400 http://www.perthherald.com/index.php/sid/214698674/scat/758c4df8d6430978 Two people were seriously injured after a fire was intentionally set in a Family Dollar store in East Baltimore on Wednesday morning, Baltimore fire officials said. The people were taken to a hospital after suffering from smoke inhalation and minor burns, fire Capt. Roman Clark said. The fire was reported in a Family Dollar store at ... http://www.perthherald.com/index.php/sid/214698187/scat/758c4df8d6430978 Wed, 22 May 2013 16:08:55 -0400 http://www.perthherald.com/index.php/sid/214698187/scat/758c4df8d6430978 RIO DE JANEIRO | Wed May 22, 2013 3:38pm EDT RIO DE JANEIRO May 22 (Reuters) - The Brazilian real on Wednesday weakened past the level of 2.05 per dollar for the first time in four months, as fears of tapering U.S. stimulus measures continued to scare investors off high-yielding emerging market assets. The real last traded at 2.0495 per dollar, 0.7 percent weaker on the day, shortly ... http://www.perthherald.com/index.php/sid/214698663/scat/758c4df8d6430978 Wed, 22 May 2013 15:38:36 -0400 http://www.perthherald.com/index.php/sid/214698663/scat/758c4df8d6430978 Its no wonder that Muscat never mentioned PERKS in the last campaign ! Perks for politicians, chairpersons, CEOs and top government officials topple their salaries in value ... http://www.perthherald.com/index.php/sid/214696052/scat/758c4df8d6430978 Wed, 22 May 2013 15:21:40 -0400 http://www.perthherald.com/index.php/sid/214696052/scat/758c4df8d6430978 Comex gold futures prices ended the U.S. day session solidly lower in a volatile trading session Wednesday. Gold was first supported and then pressured by the latest news to come from the U.S. Federal Reserve. Comex June gold last traded down $17.40 at $1,360.30 an ounce. Spot gold was last quoted down $14.30 at $1,362.25. July Comex silver last traded down $0.075 at $22.38 an ounce. The market ... http://www.perthherald.com/index.php/sid/214696062/scat/758c4df8d6430978 Wed, 22 May 2013 15:17:24 -0400 http://www.perthherald.com/index.php/sid/214696062/scat/758c4df8d6430978 LONDON--Bank of England policymakers remain divided on whether to provide more stimulus to the flat-lining economy, according to the minutes of their meeting in ... http://www.perthherald.com/index.php/sid/214696057/scat/758c4df8d6430978 Wed, 22 May 2013 15:14:54 -0400 http://www.perthherald.com/index.php/sid/214696057/scat/758c4df8d6430978 Italy , people are having trouble using its newest note to make some payments.Brought into circulation on 2 May, the new EUR5 note was praised for its enhanced security features, which the European Central Bank (ECB) said would help combat forgery. The other denominations in the Europa series of notes will be introduced over the next few years.However, in Italy, the new note is reportedly being ... http://www.perthherald.com/index.php/sid/214696056/scat/758c4df8d6430978 Wed, 22 May 2013 14:59:25 -0400 http://www.perthherald.com/index.php/sid/214696056/scat/758c4df8d6430978 There you go folks - Fed Chairman Ben Bernanke confirmed this morning that the central bank could reduce its pace of asset purchases "in the next few meetings." It took a while for Bernanke to make his point and the dollar endured a rollercoaster ride as a result but the takeaway from his speech is clear which is that the Fed is serious about winding down QE and all of the speculation ... http://www.perthherald.com/index.php/sid/214696114/scat/758c4df8d6430978 Wed, 22 May 2013 14:59:17 -0400 http://www.perthherald.com/index.php/sid/214696114/scat/758c4df8d6430978 The minutes of the Bank of England's Monetary Policy Committee (MPC) meeting held on May 8 and 9, were released today and continued to reveal a story of a committee with the battle lines still drawn in the same ways as previously.The Dovish camp, The Governor, Paul Fisher and David Miles, would have liked to increase 'the stock of asset purchases financed by the issuance of central bank ... http://www.perthherald.com/index.php/sid/214696059/scat/758c4df8d6430978 Wed, 22 May 2013 14:59:17 -0400 http://www.perthherald.com/index.php/sid/214696059/scat/758c4df8d6430978 FXstreet.com (Crdoba) - The minutes from the April 30 and May 1 FOMC meeting showed that "a number" of officials expressed willingness to taper the bond buying program as early as the June meeting "if the economic information received by that time showed evidence of sufficiently strong and sustained growth".However, according to the minutes, views differed about what evidence ... http://www.perthherald.com/index.php/sid/214697215/scat/758c4df8d6430978 Wed, 22 May 2013 14:59:07 -0400 http://www.perthherald.com/index.php/sid/214697215/scat/758c4df8d6430978 FXstreet.com (San Francisco) - After falling around 165 pips following the Bernanke speech and breaking down the 0.9700 level, the AUD/USD traded at 11-month lows at 0.9660, where the pair seems to have found support. Currently the AUD/USD is pricing at 0.9685, 1.20% negative on the day. The short term perspective is slightly bearish in the 15-minute chart according to the FXstreet.com trend ... http://www.perthherald.com/index.php/sid/214697216/scat/758c4df8d6430978 Wed, 22 May 2013 14:59:06 -0400 http://www.perthherald.com/index.php/sid/214697216/scat/758c4df8d6430978 FXstreet.com (Barcelona) - The shared currency keeps the area of 1.2860/65 on Wednesday, after the FOMC minutes left no room for surprises.True, Bernanke left and took the party somewhere else, as nothing new emerged from the minutes. Amongst the main points, the FOMC sees the economy growing at a moderate pace, leaving the outlook pretty much unchanged and surprisingly, some members were willing ... http://www.perthherald.com/index.php/sid/214697217/scat/758c4df8d6430978 Wed, 22 May 2013 14:59:05 -0400 http://www.perthherald.com/index.php/sid/214697217/scat/758c4df8d6430978 Wed May 22, 2013 2:17pm EDT Link to Fitch Ratings' Report: Sub-Saharan African Sovereigns: Higher Ratings Depend on Continued ReformsLONDON, May 22 (Fitch) Fitch Ratings says in a newly-published report that targeted reforms and policy initiatives could see Sub-Saharan Africa's (SSA) sub-investment grade ratings gradually upgraded, despite per capita income falling well short of ... http://www.perthherald.com/index.php/sid/214696426/scat/758c4df8d6430978 Wed, 22 May 2013 14:17:05 -0400 http://www.perthherald.com/index.php/sid/214696426/scat/758c4df8d6430978 NEW YORK | Wed May 22, 2013 2:11pm EDT NEW YORK May 22 (Reuters) - The dollar briefly extended its gains against the euro and yen on Wednesday after the minutes from the Federal Reserve's latest meeting showed policymakers earlier this month wanted to see more evidence that the economy was recovering before shifting toward a tapering of the central bank's bond purchase ... http://www.perthherald.com/index.php/sid/214697207/scat/758c4df8d6430978 Wed, 22 May 2013 14:11:02 -0400 http://www.perthherald.com/index.php/sid/214697207/scat/758c4df8d6430978 The Opposition accused the government of having relinquished the right to contest up to €9 million in claims from BWSC, and asked for the settlement agreement to be tabled in the House, along with documentation on the legal and technical advice submitted to Mizzi, and whether the Attorney General was consulted, as well as asking why Mizzi did not allow Enemalta to independently pursue ... http://www.perthherald.com/index.php/sid/214694349/scat/758c4df8d6430978 Wed, 22 May 2013 14:08:57 -0400 http://www.perthherald.com/index.php/sid/214694349/scat/758c4df8d6430978 * Dollar index up after Bernanke comments on stimulus * U.S. stocks turn lower, S&P 500 comes off high * Treasuries fall on comments on possible tapering * Crude oil tumbles after jump in supplies By Ryan Vlastelica NEW YORK, May 22 (Reuters) - Stocks, bonds and currencies took a wild ride on Wednesday after Federal Reserve Chairman Ben Bernanke said the U.S. central bank's massive ... http://www.perthherald.com/index.php/sid/214696044/scat/758c4df8d6430978 Wed, 22 May 2013 13:59:27 -0400 http://www.perthherald.com/index.php/sid/214696044/scat/758c4df8d6430978 FXstreet.com (Crdoba) - Volatility may have not come to an end this Wednesday as the minutes from the latest FOMC are due for release at 18:00GMT. Following Bernanke testimony and his mixed signals about the possibility of tapering the QE program, investors will be looking for further cues as Fed Chairman did leave the door open to acting in the next few meetings.EUR/USD rallied to the 1.3000 ... http://www.perthherald.com/index.php/sid/214695709/scat/758c4df8d6430978 Wed, 22 May 2013 13:46:41 -0400 http://www.perthherald.com/index.php/sid/214695709/scat/758c4df8d6430978 FXstreet.com (Barcelona) - Shares in the US markets are advancing firmly on Wednesday, after Chairman Bernanke hinted that the Fed could scale back the bond buying in the next meetings. The greenback, measured by the US Dollar Index, is markedly higher vs. its rivals, hovering over 84.35/40 after hitting highs in the vicinity of 84.50.DowJones is up 0.57%, followed by the Nasdaq and the ... http://www.perthherald.com/index.php/sid/214695710/scat/758c4df8d6430978 Wed, 22 May 2013 13:46:40 -0400 http://www.perthherald.com/index.php/sid/214695710/scat/758c4df8d6430978 FXstreet.com (Barcelona) - The USD has resumed its upside on Wednesday, pushing the pair to the boundaries of 103.70, levels last seen in October 2008.Fireworks are all but over on Wednesday, with market participants now focusing on the FOMC minutes due later. According to I.Spivak, Currency Strategist at DailyFX, "Prices put in a Bearish engulfing candlestick pattern below resistance at ... http://www.perthherald.com/index.php/sid/214695711/scat/758c4df8d6430978 Wed, 22 May 2013 13:46:38 -0400 http://www.perthherald.com/index.php/sid/214695711/scat/758c4df8d6430978 NEW YORK – Stocks are moving higher Wednesday after Federal Reserve Chairman Ben Bernanke said it was too soon for the central bank to pull back on its economic stimulus programs. Investors were also encouraged by news that sales of previously-occupied U.S. homes rose last month to the highest level in three and a half years. The Dow Jones industrial average was up 40 points before ... http://www.perthherald.com/index.php/sid/214694377/scat/758c4df8d6430978 Wed, 22 May 2013 13:46:37 -0400 http://www.perthherald.com/index.php/sid/214694377/scat/758c4df8d6430978 A witness at Quebec's corruption inquiry has put a five-figure amount to the alleged illegal cash political donation that had a member of the Quebec legislature kicked out of his caucus.Roger Desbois, a former engineering executive, testified Wednesday that he delivered $30,000 cash to the man who was running Daniel Ratth's municipal election campaign in the city of Blainville in ... http://www.perthherald.com/index.php/sid/214694017/scat/758c4df8d6430978 Wed, 22 May 2013 13:01:58 -0400 http://www.perthherald.com/index.php/sid/214694017/scat/758c4df8d6430978 Wed May 22, 2013 12:39pm EDT May 22 (Reuters) -Following are terms and conditions of a bond priced on Wednesday. Borrower Korea Development Bank (KDB) Issue Amount 500 million ... http://www.perthherald.com/index.php/sid/214694350/scat/758c4df8d6430978 Wed, 22 May 2013 12:39:38 -0400 http://www.perthherald.com/index.php/sid/214694350/scat/758c4df8d6430978 FIA.MI ) said reports that Italy would lose more than 500 million euros in tax receipts as a result of its moving fiscal domicile to the UK after a merger with unit CNH ... http://www.perthherald.com/index.php/sid/214692777/scat/758c4df8d6430978 Wed, 22 May 2013 12:35:04 -0400 http://www.perthherald.com/index.php/sid/214692777/scat/758c4df8d6430978 By Josie Cox Wed May 22, 2013 12:34pm EDT LONDON, May 22 (IFR) - UAE-based conglomerate Majid Al Futtaim Holdings LLC (MAF) mandated Goldman Sachs and HSBC as joint structuring advisers for a perpetual hybrid bond, a source told IFR on Wednesday. The source said that MAF, rated BBB+/BBB by S&P and Fitch, had mandated Bank of America Merrill Lynch, JP Morgan and Standard Chartered Bank as ... http://www.perthherald.com/index.php/sid/214694374/scat/758c4df8d6430978 Wed, 22 May 2013 12:34:43 -0400 http://www.perthherald.com/index.php/sid/214694374/scat/758c4df8d6430978 LONDON | Wed May 22, 2013 12:32pm EDT LONDON May 22 (Reuters) - Turkish sovereign dollar- and euro-denominated bonds will join a group of Barclays global indices on June 1, following Moody's decision last week to award the country its second investment grade credit rating. Barclays will include 24 Turkish sovereign hard currency bonds with a market value of $57.2 billion in its ... http://www.perthherald.com/index.php/sid/214694332/scat/758c4df8d6430978 Wed, 22 May 2013 12:32:32 -0400 http://www.perthherald.com/index.php/sid/214694332/scat/758c4df8d6430978 FXstreet.com (Crdoba) - The euro continues to weaken versus the dollar and has dropped to fresh daily lows in recent dealings, as investors assess Bernanke's mixed signals on QE. EUR/USD rallied to the 1.3000 area at the beginning of Bernanke testimony, but then slumped to a low of 1.2850 as Fed Chairman dialed down the dovish tone. EUR/USD is currently trading at the 1.2860 area, where it ... http://www.perthherald.com/index.php/sid/214694021/scat/758c4df8d6430978 Wed, 22 May 2013 12:31:55 -0400 http://www.perthherald.com/index.php/sid/214694021/scat/758c4df8d6430978 FITITOL--> FXstreet.com (San Francisco) - The US dollar is trading higher against its Canadian counterpart and after jumping around 120 pips in the latest two hours from 1.0250, the USD/CAD has jumped to the highest level since June 6th 2012 at 1.0375.Currently, the USD/CAD is trading around 1.0370, 1.0% positive on the day. The short term perspective remains slightly bullish in the 15-minute ... http://www.perthherald.com/index.php/sid/214694020/scat/758c4df8d6430978 Wed, 22 May 2013 12:31:55 -0400 http://www.perthherald.com/index.php/sid/214694020/scat/758c4df8d6430978 FXstreet.com (Barcelona) - The Mexican peso is trimming early gains against the greenback on Wednesday, pushing the cross from lows around 12.2200 to the current region of 12.3100.Data wise, retail sales in the Aztec economy rose 0.3% on a monthly basis during March, contracting 2.4% over the last twelve months. The results exceeded February's prints at -0.1% and -2.6%, respectively.As of ... http://www.perthherald.com/index.php/sid/214694023/scat/758c4df8d6430978 Wed, 22 May 2013 12:31:54 -0400 http://www.perthherald.com/index.php/sid/214694023/scat/758c4df8d6430978 FXstreet.com (Barcelona) - According to the Westpac Strategy Team, "On balance model signals and event risk seem to suggest a sustained break in USD/CAD above 1.03 is a bridge too far, at least for the week ahead."In addition, the EUR/CAD also seems poised for some downside later in the week. The ECB's Nowotny, Liikanen, Coeure, Noyer, Weidmann and Draghi are all scheduled to speak ... http://www.perthherald.com/index.php/sid/214694022/scat/758c4df8d6430978 Wed, 22 May 2013 12:31:53 -0400 http://www.perthherald.com/index.php/sid/214694022/scat/758c4df8d6430978 FXstreet.com (Crdoba) - Following a short-lived spike toward 1.5150, GBP/USD turned lower and broke below the 1.5070 support area toward fresh 7-week lows as Bernanke dialed down the dovish tone saying bond purchases could taper in coming months if data deems appropriate.GBP/USD fell over 120 pips in a matter of minutes, dipping to a low of 1.5037 before pausing the decline. At time of writing, ... http://www.perthherald.com/index.php/sid/214694024/scat/758c4df8d6430978 Wed, 22 May 2013 12:31:53 -0400 http://www.perthherald.com/index.php/sid/214694024/scat/758c4df8d6430978 FXstreet.com (San Francisco) - After climbing around 100 pips in the European session from 155.10, the GBP/JPY has found resistance at the 156.10 level with the pair falling back to test levels close to 155.50.Currently the Sterling is trading at 155.45 against the Yen, still 0.15% positive on the day. The short-term perspective remains strongly bullish in the 15-minute chart according to the ... http://www.perthherald.com/index.php/sid/214694025/scat/758c4df8d6430978 Wed, 22 May 2013 12:31:52 -0400 http://www.perthherald.com/index.php/sid/214694025/scat/758c4df8d6430978 FXstreet.com (Barcelona) - According to the UBS Research Team, "Our bearish franc view is reinforced by the IMF's recent report - the IMF advises that 'if safe haven inflows return, the SNB should consider imposing a negative interest rate on bank excess reserves'."In essence, this would discourage inflows, and while 'negative interest rates have potential drawbacks, ... http://www.perthherald.com/index.php/sid/214694026/scat/758c4df8d6430978 Wed, 22 May 2013 12:31:51 -0400 http://www.perthherald.com/index.php/sid/214694026/scat/758c4df8d6430978 Existing home sales in the US rose to 4.97 million annualized units in April 2013 from March’s revised 4.94 million sales (initially reported as 4.92 million). Market expectations had been for sales of 4.99 million annualized units. The inventory of homes available for sale jumped by 11.9% to a seven-month high of 2.16 million units. The month’s supply of unsold homes rose to 5.2 ... http://www.perthherald.com/index.php/sid/214694028/scat/758c4df8d6430978 Wed, 22 May 2013 12:26:55 -0400 http://www.perthherald.com/index.php/sid/214694028/scat/758c4df8d6430978 EUR/USD - 1.2878 Most recent candlesticks pattern : N/A Trend : Near term down Tenkan-Sen level : 1.2933 Kijun-Sen level : 1.2921 Ichimoku cloud top : 1.2872 Ichimoku cloud bottom : ... http://www.perthherald.com/index.php/sid/214694027/scat/758c4df8d6430978 Wed, 22 May 2013 12:26:55 -0400 http://www.perthherald.com/index.php/sid/214694027/scat/758c4df8d6430978 Retail sales in March 2013 were unchanged in the month following a 0.7% increase in February. Gains in clothing sales (3.1%) and motor vehicles (0.7%) were offset mainly by declines at gas stations (1.3%) and electronic and appliance stores (0.9%). On a volumes basis, sales were up 0.7% following unchanged activity in February. Nominal retail sales in March 2013 were unchanged in the ... http://www.perthherald.com/index.php/sid/214694029/scat/758c4df8d6430978 Wed, 22 May 2013 12:26:54 -0400 http://www.perthherald.com/index.php/sid/214694029/scat/758c4df8d6430978 Quick update: Dollar spiked against euro, with EUR/USD just missing 1.3 psychological level in early US session. In his testimony to the Joint Economic Committee of Congress, Fed chairman Bernanke warned that "premature tightening of monetary policy could lead interest rates to rise temporarily but would also carry a substantial risk of slowing or ending the economic recovery and causing ... http://www.perthherald.com/index.php/sid/214694030/scat/758c4df8d6430978 Wed, 22 May 2013 12:26:52 -0400 http://www.perthherald.com/index.php/sid/214694030/scat/758c4df8d6430978 Wed May 22, 2013 12:08pm EDT * Dollar rallies after Bernanke testifies to Congress * BOJ upgrades economic assessment, stands pat as expected * Dollar climbs to 4-1/2-year high vs yen, 9-month peak vs Swiss franc NEW YORK, May 22 (Reuters) - The dollar rallied to trade at a fresh 4-1/2-year high against the yen on Wednesday after Federal Reserve Chairman Ben Bernanke warned that holding interest ... http://www.perthherald.com/index.php/sid/214694005/scat/758c4df8d6430978 Wed, 22 May 2013 12:08:55 -0400 http://www.perthherald.com/index.php/sid/214694005/scat/758c4df8d6430978 BRASILIA | Wed May 22, 2013 11:53am EDT BRASILIA May 22 (Reuters) - Brazil's fiscal policy is not fueling inflation, which has increased mostly due to a temporary spike in food prices, Finance Minister Guido Mantega said on Wednesday. "We are not conducting an inflationary fiscal policy," said Mantega at a press conference to detail budget cuts. The Brazilian government ... http://www.perthherald.com/index.php/sid/214694001/scat/758c4df8d6430978 Wed, 22 May 2013 11:53:25 -0400 http://www.perthherald.com/index.php/sid/214694001/scat/758c4df8d6430978 A former insider at the World Bank, ex-Senior Counsel Karen Hudes, says the global financial system is dominated by a small group of corrupt, power-hungry figures centered around the privately owned U.S. Federal Reserve. The network has seized control of the media to cover up its crimes, too, she explained. In an interview ... http://www.perthherald.com/index.php/sid/214691106/scat/758c4df8d6430978 Wed, 22 May 2013 11:48:56 -0400 http://www.perthherald.com/index.php/sid/214691106/scat/758c4df8d6430978 MEXICO CITY | Wed May 22, 2013 11:44am EDT MEXICO CITY May 22 (Reuters) - Mexico's peso and stocks pared gains on Wednesday that stemmed from comments by U.S. Federal Reserve chairman Ben Bernanke, who hinted it was not time to rein in monetary stimulus that supports appetite for risky assets. The IPC Index dipped 0.69 percent to 40,251 points while the peso fell 0.238 percent to ... http://www.perthherald.com/index.php/sid/214693210/scat/758c4df8d6430978 Wed, 22 May 2013 11:44:25 -0400 http://www.perthherald.com/index.php/sid/214693210/scat/758c4df8d6430978 The Chinese yuan reached a peak of 6.1904 against the US dollar Wednesday, the highest level since the exchange rate reform program began in 2005, and beyond economists' expectations."The yuan's recent appreciation was unexpected," Liu Ligang, chief China economist at Australia & New Zealand Banking Group, told the Global Times Wednesday.Both internal and external factors, ... http://www.perthherald.com/index.php/sid/214691729/scat/758c4df8d6430978 Wed, 22 May 2013 11:41:24 -0400 http://www.perthherald.com/index.php/sid/214691729/scat/758c4df8d6430978 when the company reports its first quarter results on Thursday, May 23, 2013. The consensus estimate is calling for profit of 57 cents a share, reflecting a rise from 50 cents per share a year ago. The consensus estimate has decreased from 58 cents over the past three months. For the fiscal year, analysts are expecting earnings of $2.80 per share. Revenue is projected to be $1.87 billion for the ... http://www.perthherald.com/index.php/sid/214691055/scat/758c4df8d6430978 Wed, 22 May 2013 11:38:35 -0400 http://www.perthherald.com/index.php/sid/214691055/scat/758c4df8d6430978 warned of tightening monetary policy prematurely. Indeed, the prepared remarks sounded fairly dovish as the central bank head pledges to preserve the highly accommodative policy stance as long as needed, but the market reaction was short-lived as Mr. Bernanke warned of keeping the benchmark interest rate too low for too long. Nevertheless, the greenback could be carving out a near-term top ahead ... http://www.perthherald.com/index.php/sid/214692430/scat/758c4df8d6430978 Wed, 22 May 2013 11:36:51 -0400 http://www.perthherald.com/index.php/sid/214692430/scat/758c4df8d6430978 +0.48% extended losses on Wednesday as Federal Reserve Chairman Ben Bernanke said ending quantitative easing right now wouldn't lead to sustainable economic growth. "A premature tightening of monetary policy could lead interest rates to rise temporarily but would also carry a substantial risk of slowing or ending the economic recovery and causing inflation to fall further," ... http://www.perthherald.com/index.php/sid/214691165/scat/758c4df8d6430978 Wed, 22 May 2013 11:20:41 -0400 http://www.perthherald.com/index.php/sid/214691165/scat/758c4df8d6430978 UBS Strategists, Gareth Berry and Geoffrey Yu take a technical perspective at today's commodity-based currencies and outline the technical positions.In terms of the AUD/USD, "Any upside will be correction, unwinding the overextended downside conditions. Resistance should hold at 0.9918. Support is at 0.9711, a break below this would expose 0.9582." In addition, in looking at the ... http://www.perthherald.com/index.php/sid/214692431/scat/758c4df8d6430978 Wed, 22 May 2013 11:20:01 -0400 http://www.perthherald.com/index.php/sid/214692431/scat/758c4df8d6430978 FXstreet.com (Barcelona) - The USD is sharply advancing against its neighbour on Wednesday, challenging year highs around 1.0340 on a hawkish version of Chief Bernanke.The upside in the greenback gathered traction after Bernanke did not rule out the likeliness of tapering the current QE programme in the upcoming meetings.Adding to the bull run in the pair, Canadian retail sales disappointed ... http://www.perthherald.com/index.php/sid/214692432/scat/758c4df8d6430978 Wed, 22 May 2013 11:20:00 -0400 http://www.perthherald.com/index.php/sid/214692432/scat/758c4df8d6430978 FXstreet.com (Barcelona) - According to the BNZ Research Team, "The fact the NZD now appears to have a higher beta than the AUD is significant - rather than anything unusual, it should be interpreted as a return to normality.""We've previously outlined the three key determinants of a currency's risk profile as: external imbalances, interest rates, and economic sensitivity ... http://www.perthherald.com/index.php/sid/214692433/scat/758c4df8d6430978 Wed, 22 May 2013 11:19:59 -0400 http://www.perthherald.com/index.php/sid/214692433/scat/758c4df8d6430978 FXstreet.com (Barcelona) - The NZD/USD has traded with extreme volatility surrounding the Bernanke testimony today during US trading.The pair made an upside attempt that was stonewalled at the 0.8190 level, before crashing over 100 pips to trade at session lows at 0.8072/75 in these moments. At this level, the NZD/USD is deeply entrenched in negative territory, netting a huge loss of -1.14% ... http://www.perthherald.com/index.php/sid/214692436/scat/758c4df8d6430978 Wed, 22 May 2013 11:19:58 -0400 http://www.perthherald.com/index.php/sid/214692436/scat/758c4df8d6430978 FXstreet.com (Barcelona) - Extremely volatile session so far for the single currency, dipping to session lows in sub 1.2900 levels soon after hitting the opposite end of the range at the key 1.3000 handle.According to Chief Bernanke, the pace of the asset purchases could be discussed in 'the next few meetings', and it remains data dependent. Furthermore, he did not discarded tapering ... http://www.perthherald.com/index.php/sid/214692437/scat/758c4df8d6430978 Wed, 22 May 2013 11:19:57 -0400 http://www.perthherald.com/index.php/sid/214692437/scat/758c4df8d6430978 FITITOL--> FXstreet.com (Barcelona) - UBS Strategists, Gareth Berry and Geoffrey Yu take a technical perspective at today's majors and outline the technical positions.Beginning with the USD/JPY, with the broader bull trend in place, the next major resistance focus is at 105.60, while support is at 101.26. As for the GBP/USD, "The pair sold off sharply to test support at 1.5128 ... http://www.perthherald.com/index.php/sid/214692434/scat/758c4df8d6430978 Wed, 22 May 2013 11:19:57 -0400 http://www.perthherald.com/index.php/sid/214692434/scat/758c4df8d6430978 FXstreet.com (San Francisco) - After a 80 pips jump from 0.9755, the AUD/USD has been rejected by the 0.9825 area and currently the pair is collapsing to test lowest levels since June 2008 around 0.9690.Currently the pair is trading at 0.9710, 0.97% down on the day. Short term perspective is slightly bearish according to the FXstreet.com trend index in the 15-minute chart. Indicators now are ... http://www.perthherald.com/index.php/sid/214692439/scat/758c4df8d6430978 Wed, 22 May 2013 11:19:56 -0400 http://www.perthherald.com/index.php/sid/214692439/scat/758c4df8d6430978 FXstreet.com (London) - USD/CHF is recording the highest prices since summer 2012 while Bernanke is speaking on 'The Economic Outlook'. Close attention is being paid to his testimony to the Joint Economic Committee of Congress while he is now answering questions. The pair has now breached key resistance at 0.9775 and plays in 0.9790. Volatility is going to be the order of this afternoon ... http://www.perthherald.com/index.php/sid/214692438/scat/758c4df8d6430978 Wed, 22 May 2013 11:19:55 -0400 http://www.perthherald.com/index.php/sid/214692438/scat/758c4df8d6430978 FXstreet.com (Crdoba) - Even though the US dollar initially weakened on the back of Bernanke's dovish testimony, USD/JPY bounced sharply from the 102.70 area and rallied to fresh 4 -year highs as the greenback stages a comeback.USD/JPY rose nearly 80 pips within the last minutes and reached its highest since October 2008 at 103.45. At time of writing, the pair is trading at the 103.40 zone, ... http://www.perthherald.com/index.php/sid/214692440/scat/758c4df8d6430978 Wed, 22 May 2013 11:19:54 -0400 http://www.perthherald.com/index.php/sid/214692440/scat/758c4df8d6430978 2013 "FXstreet.com. The Fore Market" All Rights Reserved. Every effort is made to provide accurate and complete information. However, with the thousands of documents available, often uploaded within short deadlines, we cannot guarantee that there will be no errors. Any republication or redistribution of FXstreet.com content is expressly prohibited without the prior written consent of ... http://www.perthherald.com/index.php/sid/214692442/scat/758c4df8d6430978 Wed, 22 May 2013 11:19:53 -0400 http://www.perthherald.com/index.php/sid/214692442/scat/758c4df8d6430978 FITITOL--> FXstreet.com (San Francisco) - The AUD/USD has reacted to the upside following the Bernanke testimony and after jumping around 80 pips from 0.9755 the pair tested intra-day highs at 0.9825. Currently it's pricing at 0.9780.However, the AUD/USD is still 0.25% negative on the day. The short term perspective is slightly bullish according to the FXstreet.com trend index in the ... http://www.perthherald.com/index.php/sid/214692443/scat/758c4df8d6430978 Wed, 22 May 2013 11:19:52 -0400 http://www.perthherald.com/index.php/sid/214692443/scat/758c4df8d6430978 FXstreet.com (Barcelona) - Federal Reserve Chairman Ben S. Bernanke noted today that the U.S. economy remains hamstrung by high unemployment and government spending cuts, and tightening policy too soon would endanger the recovery.Indeed, "A premature tightening of monetary policy could lead interest rates to rise temporarily but would also carry a substantial risk of slowing or ending the ... http://www.perthherald.com/index.php/sid/214692445/scat/758c4df8d6430978 Wed, 22 May 2013 11:19:50 -0400 http://www.perthherald.com/index.php/sid/214692445/scat/758c4df8d6430978 FXstreet.com (Crdoba) - The US dollar weakened further against the euro, with EUR/USD reaching fresh weekly highs as Bernanke testifies. Bernanke said that premature tightening risks slowing or ending US recovery and that job market remains weak despite recent gains.Dovish comments from Fed's Chairman sent EUR/USD to a high of 1.2997, from around 1.2960 before the speech. At time of writing, ... http://www.perthherald.com/index.php/sid/214692448/scat/758c4df8d6430978 Wed, 22 May 2013 11:19:49 -0400 http://www.perthherald.com/index.php/sid/214692448/scat/758c4df8d6430978 FXstreet.com (Barcelona) - The USD/JPY has erased a significant portion of its gains Wednesday, following Fed Chairman Ben Bernanke's testimony during US trading.After waning off session highs at 103.19, the pair has now eased back to the 102.74/80 level in these moments. At this juncture, the pair now operates +0.27% above its opening.According to the Mataf.net analyst team, the USD/JPY ... http://www.perthherald.com/index.php/sid/214692447/scat/758c4df8d6430978 Wed, 22 May 2013 11:19:48 -0400 http://www.perthherald.com/index.php/sid/214692447/scat/758c4df8d6430978 FXstreet.com (London) - Bernanke is speaking on 'The Economic Outlook'. Close attention is being paid to his testimony to the Joint Economic Committee of Congress.The market had been latching onto strong language in tapering of the QE programme after a series of improved economic data in the US, although in his testimony, the market is now listening to a longer term play on stimulus in ... http://www.perthherald.com/index.php/sid/214692446/scat/758c4df8d6430978 Wed, 22 May 2013 11:19:47 -0400 http://www.perthherald.com/index.php/sid/214692446/scat/758c4df8d6430978 FXstreet.com (London) - TD Securities research teams say that, on the charts, they still view broader developments in USD/CAD as technically positive and remain bullish on the outlook overall. They suggest a push to new highs would add to the positive short-term momentum we think and setbacks in the USD should be limited to the mid/upper 1.02 area for the moment--trend resistance turned support. ... http://www.perthherald.com/index.php/sid/214692451/scat/758c4df8d6430978 Wed, 22 May 2013 11:19:44 -0400 http://www.perthherald.com/index.php/sid/214692451/scat/758c4df8d6430978 USD/CAD - 1.0313 Recent wave: Only wave v of c has ended at 0.9407 and A-B-C correction has possibly ended at 1.0658 Trend: Near term up Original strategy : Bought at 1.0260, Target: 1.0450, Stop: 1.0200Position: - Long at 1.0260Target: - 1.0450Stop:- ... http://www.perthherald.com/index.php/sid/214692452/scat/758c4df8d6430978 Wed, 22 May 2013 11:14:27 -0400 http://www.perthherald.com/index.php/sid/214692452/scat/758c4df8d6430978 Breakout: The 4H EUR/GBP chart shows a market that is extending a breakout above a consolidation range roughly between 0.84 and 0.8515. The market is not trending, as reflected by the relatively flat moving averages in the 4H chart. The bullish outlook should probably be limited at the moment to the April high of 0.8635. A break above that then opens up further bullish outlook. Fractal ... http://www.perthherald.com/index.php/sid/214692453/scat/758c4df8d6430978 Wed, 22 May 2013 11:14:26 -0400 http://www.perthherald.com/index.php/sid/214692453/scat/758c4df8d6430978 NEW YORK | Wed May 22, 2013 11:06am EDT NEW YORK May 22 (Reuters) - The euro fell to a session low against the dollar on Wednesday after Federal Reserve Chairman Ben Bernanke warned that holding interest rates too low for too long has its risks. Trading was volatile with investors first selling, then buying the dollar as they digested Bernanke's testimony to Congress. The euro was ... http://www.perthherald.com/index.php/sid/214692820/scat/758c4df8d6430978 Wed, 22 May 2013 11:06:50 -0400 http://www.perthherald.com/index.php/sid/214692820/scat/758c4df8d6430978 * Dollar index up slightly after Bernanke * Wall Street rises, S&P at new high; Europe also up * German bond yields ease, Treasuries firm * European shares ease off multi-year highs By Ryan Vlastelica NEW YORK, May 22 (Reuters) - Stock markets around the world rose on Wednesday after Federal Reserve Chairman Ben Bernanke signaled that the U.S. central bank's stimulus program would remain ... http://www.perthherald.com/index.php/sid/214691127/scat/758c4df8d6430978 Wed, 22 May 2013 10:43:15 -0400 http://www.perthherald.com/index.php/sid/214691127/scat/758c4df8d6430978 Monaco plans to reclaim six hectares of land from the Mediterranean to build a new district of luxury apartment blocks, shops and offices. Patrice Coppee / ... http://www.perthherald.com/index.php/sid/214689530/scat/758c4df8d6430978 Wed, 22 May 2013 10:36:07 -0400 http://www.perthherald.com/index.php/sid/214689530/scat/758c4df8d6430978 "If I live in Israel and I'm Bedouin or Arab, the interest rate I pay is higher. The closer I get to the White Men and Tel Aviv, the interest rate I pay ... http://www.perthherald.com/index.php/sid/214689658/scat/758c4df8d6430978 Wed, 22 May 2013 10:26:47 -0400 http://www.perthherald.com/index.php/sid/214689658/scat/758c4df8d6430978 pledged to do whatever it takes to combat record-high unemployment, but it seems as though the European Central Bank (ECB) will come under increased pressure to further support the monetary union as Mr. Rehn anticipates monetary policy to remain ... http://www.perthherald.com/index.php/sid/214690711/scat/758c4df8d6430978 Wed, 22 May 2013 10:23:59 -0400 http://www.perthherald.com/index.php/sid/214690711/scat/758c4df8d6430978 * Dollar eases, investors await Bernanke for cues * BOJ upgrades economic assessment, stands pat as expected * Euro hits 3-1/2 year high vs yen, 2-year peak against Swissie NEW YORK, May 22 (Reuters) - The dollar fell against the euro for a third day on Wednesday as investors trimmed their bets on ... http://www.perthherald.com/index.php/sid/214689532/scat/758c4df8d6430978 Wed, 22 May 2013 10:23:50 -0400 http://www.perthherald.com/index.php/sid/214689532/scat/758c4df8d6430978 MEXICO CITY | Wed May 22, 2013 10:12am EDT MEXICO CITY May 22 (Reuters) - Mexico's peso strengthened in early trading on Wednesday, after testimony revealed U.S. Federal Reserve chairman Ben Bernanke does not think it is time to rein in monetary stimulus. Mexico's peso firmed 0.79 percent to trade at 12.2370 per ... http://www.perthherald.com/index.php/sid/214692408/scat/758c4df8d6430978 Wed, 22 May 2013 10:12:02 -0400 http://www.perthherald.com/index.php/sid/214692408/scat/758c4df8d6430978 NEW YORK | Wed May 22, 2013 10:10am EDT NEW YORK May 22 (Reuters) - The euro extended gains against the dollar, while the dollar pared gains against the Swiss franc and yen on Wednesday after Federal Reserve Chairman Ben Bernanke said monetary stimulus is helping the U.S. economy recover and the central bank needs to see further signs of traction before it removes existing measures. The ... http://www.perthherald.com/index.php/sid/214692406/scat/758c4df8d6430978 Wed, 22 May 2013 10:10:17 -0400 http://www.perthherald.com/index.php/sid/214692406/scat/758c4df8d6430978 By Eyanir Chinea CARACAS | Wed May 22, 2013 10:10am EDT CARACAS May 22 (Reuters) - A Venezuelan supermarket puts a stack of toilet paper on its shop floor, and desperate consumers snatch it up within five minutes. A woman's voice over the loudspeaker reminds shoppers each person can only buy four packages. Few seemed convinced by the government's promise just days earlier that ... http://www.perthherald.com/index.php/sid/214691124/scat/758c4df8d6430978 Wed, 22 May 2013 10:10:05 -0400 http://www.perthherald.com/index.php/sid/214691124/scat/758c4df8d6430978 TORONTO May 22 (Reuters) - The Canadian dollar fell to its weakest level versus its U.S. counterpart in more than two months on Wednesday after flat domestic retail sales data gave little reason for optimism about economic ... http://www.perthherald.com/index.php/sid/214690707/scat/758c4df8d6430978 Wed, 22 May 2013 10:09:25 -0400 http://www.perthherald.com/index.php/sid/214690707/scat/758c4df8d6430978 The dollar is back in the ascendency today as we lead up to the key event that ALL eyes will be on: Fed chairman Bernanke's testimony to Congress at 1500 BST/ 1000 ET. USDJPY is close to the top of its range at 103.30, while the dollar index has also broken higher and looks like it might make another stab at ... http://www.perthherald.com/index.php/sid/214689638/scat/758c4df8d6430978 Wed, 22 May 2013 10:06:34 -0400 http://www.perthherald.com/index.php/sid/214689638/scat/758c4df8d6430978 FXstreet.com (Crdoba) - The euro remains in demand, reaching fresh daily highs against the greenback at the beginning of the New York session ahead of the Bernanke testimony. EUR/USD had been rejected from a high of 1.2954 during the European session, but with the setback being contained by the 200-hour SMA around 1.2915, the pair managed to resume the upside and even reached a fresh 1-week high ... http://www.perthherald.com/index.php/sid/214690712/scat/758c4df8d6430978 Wed, 22 May 2013 10:06:33 -0400 http://www.perthherald.com/index.php/sid/214690712/scat/758c4df8d6430978 FXstreet.com (Barcelona) - The US stock market has opened higher Wednesday, ahead of the critical FOMC minutes later this afternoon at 18:00 GMT. The elephant in the room is the status and fate of the QE program in the US, which certainly has the potential to cause waves in markets.Beginning with the indices and composites, the NASDAQ rose +0.18% as it settles in region of 3508.36, up +6.34 ... http://www.perthherald.com/index.php/sid/214690713/scat/758c4df8d6430978 Wed, 22 May 2013 10:06:32 -0400 http://www.perthherald.com/index.php/sid/214690713/scat/758c4df8d6430978 FXstreet.com (London) - Analyst, Axel Rudolph at Commerzbank has said that EUR/GBP's outlook has changed to short term bullish now that it has overcome resistance made up of the 2013 downtrend line and 55 day moving average at 0.8486/0.8516. Their next upside target is the 0.8559 April 9 and 10 high which is around the next higher 0.8591 April 22 high the currency pair may struggle again, ... http://www.perthherald.com/index.php/sid/214690717/scat/758c4df8d6430978 Wed, 22 May 2013 10:06:30 -0400 http://www.perthherald.com/index.php/sid/214690717/scat/758c4df8d6430978 FXstreet.com (Barcelona) - The NZD/USD has rallied off of intraday lows at the 0.8112 level during US trading, recovering the mark of 0.8138/44 in these moments.At this juncture, the pair is still operating at a -0.36% loss Wednesday - according to the Mataf.net analyst team, the next supports in the short-term window occur at 0.8115, then 0.8069, and finally 0.8021. Conversely, a movement higher ... http://www.perthherald.com/index.php/sid/214690718/scat/758c4df8d6430978 Wed, 22 May 2013 10:06:29 -0400 http://www.perthherald.com/index.php/sid/214690718/scat/758c4df8d6430978 FXstreet.com (Crdoba) - The Australian dollar lost ground versus the greenback and retested weekly lows at the 0.9740 area as cautious tone prevails ahead of Bernanke's testimony and the FOMC minutes.AUD/USD dropped over 80 pips from Asian session highs and hit a low of 0.9739 before finding support, roughly at the same level it did on Monday. At time of writing, AUD/USD is trading around ... http://www.perthherald.com/index.php/sid/214690719/scat/758c4df8d6430978 Wed, 22 May 2013 10:06:28 -0400 http://www.perthherald.com/index.php/sid/214690719/scat/758c4df8d6430978 FXstreet.com (Barcelona) - "In terms of the Fed, relatively dovish comments from the NY Fed's Dudley and St Louis Fed's Bullard - both FOMC voters - helped put a floor on risk assets yesterday." notes Macro Strategy Analysts J. Reid and C. Tan at Deutsche Bank.Starting with Bullard, who is not generally known for his dovishness, remarked that the Fed should "continue with ... http://www.perthherald.com/index.php/sid/214690720/scat/758c4df8d6430978 Wed, 22 May 2013 10:06:27 -0400 http://www.perthherald.com/index.php/sid/214690720/scat/758c4df8d6430978 FXstreet.com (London) - Although the pound has been sighted at risk due to a dovish tone from BoE minutes, the GBP/JPY cross has benefitted where JPY supply has appeared in the afternoon session in London. The pair have recorded higher levels at 155.77 as USD/JPY breached 103.00 handle while the market prepares its self ahead of a key US economic speech coming up later from Bernanke. Stops would ... http://www.perthherald.com/index.php/sid/214690721/scat/758c4df8d6430978 Wed, 22 May 2013 10:06:25 -0400 http://www.perthherald.com/index.php/sid/214690721/scat/758c4df8d6430978 FITITOL--> FXstreet.com (Barcelona) - The UK CBI Industrial Trends Survey - Orders climbed to -20 in May, from -25 registered the previous month, according to data released today by the Confederation of British Industry. Analysts expected slightly more growth to ... http://www.perthherald.com/index.php/sid/214690722/scat/758c4df8d6430978 Wed, 22 May 2013 10:06:17 -0400 http://www.perthherald.com/index.php/sid/214690722/scat/758c4df8d6430978 Leading health experts say obesity is costing the Irish economy more than EUR1bn every year. That is according to data being examined at a conference at the Royal College of Physicians of Ireland in Dublin today. More than 60% of Irish people are now overweight or obese, an issue delegates say is causing a number of diseases including diabetes, heart disease and multiple types of cancer. Dr Anne ... http://www.perthherald.com/index.php/sid/214689521/scat/758c4df8d6430978 Wed, 22 May 2013 10:03:29 -0400 http://www.perthherald.com/index.php/sid/214689521/scat/758c4df8d6430978 Ascending triangle, bullish biases: USD/CHF has been bullish in May, but since it found resistance around 0.9750 it has been forming an ascending triangle. This congestion pattern reflects a market consolidating with bullish bias. The RSI has held above 40 after tagging 70 and also shows maintenance of bullish momentum. The moving averages are in bullish alignment as well, although the 200-4H SMA ... http://www.perthherald.com/index.php/sid/214690723/scat/758c4df8d6430978 Wed, 22 May 2013 10:01:09 -0400 http://www.perthherald.com/index.php/sid/214690723/scat/758c4df8d6430978 The BOE minutes unveiled that all 9 MPC members voted for keeping the Bank rate unchanged at 0.5%, a record low since March 2009. Yet, 3 out of them, including Mervyn King, voted for expanding the asset purchases program by 25B pound to 400B pound. As UK's economic recovery remains fragile, it is expected that the central bank would need to expand asset purchases further later this year. On ... http://www.perthherald.com/index.php/sid/214690724/scat/758c4df8d6430978 Wed, 22 May 2013 10:01:08 -0400 http://www.perthherald.com/index.php/sid/214690724/scat/758c4df8d6430978 * Dollar falls 0.1 percent vs basket of currencies * Fed officials calm fears over end to bond buying * Fed Chairman Bernanke speaks to Congress at 1400 GMT (Updates prices) By Clara Denina LONDON, May 22 (Reuters) - Gold extended earlier gains on Wednesday as the dollar weakened after U.S. Federal Reserve officials allayed concerns the bank would soon reduce its bond-buying programme, ... http://www.perthherald.com/index.php/sid/214690726/scat/758c4df8d6430978 Wed, 22 May 2013 09:59:50 -0400 http://www.perthherald.com/index.php/sid/214690726/scat/758c4df8d6430978 The US is bankrupt. Yet Uncle Sam continues to stride the world stage and can simply print more money to get by because the dollar is the world's reserve currency. Remove it as the reserve currency, and the US will no longer be able to remain supreme or fund its wars by relying on what would then be a worthless paper currency. Today, more than 60 percent of all foreign currency reserves in ... http://www.perthherald.com/index.php/sid/214689527/scat/758c4df8d6430978 Wed, 22 May 2013 09:49:06 -0400 http://www.perthherald.com/index.php/sid/214689527/scat/758c4df8d6430978 By Marius ZahariaLONDON (Reuters) - Credit rating firms say they could further downgrade the ratings of highly indebted euro zone countries, putting their bonds at risk of being pitched out of global indexes and reversing a fall in their borrowing costs.The view from the rating firms contrasts with the sanguine attitude of investors who, flush with central bank cash and reassured by the European ... http://www.perthherald.com/index.php/sid/214688064/scat/758c4df8d6430978 Wed, 22 May 2013 09:18:29 -0400 http://www.perthherald.com/index.php/sid/214688064/scat/758c4df8d6430978 Street vendor distributing bread in Egypt Egypt's central bank said on Tuesday it would offer $800 million to banks at an exceptional auction of foreign currency on Wednesday to cover the country's strategic import needs.The auction will be the central bank's second exceptional sale of foreign exchange. In April, it sold $600 million to pay for wheat, meat, cooking oil and other ... http://www.perthherald.com/index.php/sid/214688102/scat/758c4df8d6430978 Wed, 22 May 2013 09:03:16 -0400 http://www.perthherald.com/index.php/sid/214688102/scat/758c4df8d6430978 St Louis Fed President, James Bullard, a supposed hawk, has been bullying the 'single' currency bears into temporary submission ahead of today's FOMC meeting minutes or at least he should be held responsible for getting the ball rolling. Yesterday, he suggested that the most appropriate policy for the Fed is to continue the current QE3 policy. Dovish comments from the voting hawk ... http://www.perthherald.com/index.php/sid/214688112/scat/758c4df8d6430978 Wed, 22 May 2013 08:48:30 -0400 http://www.perthherald.com/index.php/sid/214688112/scat/758c4df8d6430978 FXstreet.com (London) - USD/JPY has reached 103.19 in afternoon European trade ahead of a cautious market in anticipation of Bernanke speaking at 15.00hrs BST. Minutes from FOMC are going to be released 4 hours later.The pair jumped higher to close slightly lower on a 30 minute candle at 103.07. A positioning here ahead of such key events later on is a telling sign that the bulls are ready for ... http://www.perthherald.com/index.php/sid/214689161/scat/758c4df8d6430978 Wed, 22 May 2013 08:48:30 -0400 http://www.perthherald.com/index.php/sid/214689161/scat/758c4df8d6430978 Analysis: The SP500 has continued going up, and our entry level at 1650 has been reached. In our view, the stock market won't be able to ignore for long the dynamics that are affecting the dollar: a stronger dollar will negatively impact over sea revenues for US multinational companies, many of whom are part of the SP500. There are good chances that a correction will occur before our ... http://www.perthherald.com/index.php/sid/214689160/scat/758c4df8d6430978 Wed, 22 May 2013 08:48:30 -0400 http://www.perthherald.com/index.php/sid/214689160/scat/758c4df8d6430978 FXstreet.com (Barcelona) - UBS Strategists, Gareth Berry and Geoffrey Yu take a technical perspective at today's EUR crosses and note that there is a generally neutral-trending bias ahead.Any upside for the EUR/USD will be limited as bearish conditions persist. Resistance is at 1.2967 and 1.3020. Support is at 1.2797, a break below would expose 1.2746 ahead of the critical 1.2662. In terms ... http://www.perthherald.com/index.php/sid/214689159/scat/758c4df8d6430978 Wed, 22 May 2013 08:48:30 -0400 http://www.perthherald.com/index.php/sid/214689159/scat/758c4df8d6430978 FXstreet.com (Barcelona) - After climbing to the vicinity of 1.2960, the bloc currency is now giving away some gains, returning to the area of 1.2925/30 ahead of Bernanke's testimony."Given the particular emphasis of its symmetric policy bias in the last FOMC statement... the market will be looking for evidence that the Fed's concern about the weakening economic outlook has shifted ... http://www.perthherald.com/index.php/sid/214689165/scat/758c4df8d6430978 Wed, 22 May 2013 08:48:29 -0400 http://www.perthherald.com/index.php/sid/214689165/scat/758c4df8d6430978 FXstreet.com (Barcelona) - The International Monetary Fund released a report on the UK economy on Wednesday in which it suggests that the country should introduce new measures to boost growth and speed up the slow recovery.The Eurozone crisis was cited as the main threat: ,,Despite recent market calm, growth in the euro area is likely to be weak, and the re-emergence of market tensions cannot be ... http://www.perthherald.com/index.php/sid/214689162/scat/758c4df8d6430978 Wed, 22 May 2013 08:48:29 -0400 http://www.perthherald.com/index.php/sid/214689162/scat/758c4df8d6430978 FXstreet.com (Barcelona) - The EUR/CAD has continued to oscillate below its intraday highs (1.3348) Wednesday.The pair managed to hold onto the majority of its gains on the heels of economic data in Canada and at the time of writing is trading at 1.3325/27, up +0.57% above its opening. Retail Sales (MoM) grew by 0.0%, missing expectations of +0.1% in March. In addition, Retail Sales ex Autos ... http://www.perthherald.com/index.php/sid/214689166/scat/758c4df8d6430978 Wed, 22 May 2013 08:48:28 -0400 http://www.perthherald.com/index.php/sid/214689166/scat/758c4df8d6430978 FXstreet.com (Barcelona) - The USD/CAD rally has not lost steam during US trading Wednesday, after the pair broke higher to trade at fresh session highs at 1.0322/28, up +0.49% in these moments.In Canada, Retail Sales (MoM) grew by 0.0%, missing expectations of +0.1% in March. In addition, Retail Sales ex Autos (MoM) reported a figure of -0.2% in March, vs. a projection calling for +0.2%."In ... http://www.perthherald.com/index.php/sid/214689164/scat/758c4df8d6430978 Wed, 22 May 2013 08:48:27 -0400 http://www.perthherald.com/index.php/sid/214689164/scat/758c4df8d6430978 FXstreet.com (Barcelona) - Canadian retail sales posted no variation during March, missing forecasts at 0.1%. Excluding the automobile sector, sales contracted 0.2% MoM vs. the median at 0.2% and February's ... http://www.perthherald.com/index.php/sid/214689167/scat/758c4df8d6430978 Wed, 22 May 2013 08:48:27 -0400 http://www.perthherald.com/index.php/sid/214689167/scat/758c4df8d6430978 FXstreet.com (Barcelona) - According to Technical Strategist Dmytro Bondar at RBS, "The Bund 144.24 head and shoulders target has been reached (the 161.8% projection of the head-to- neckline distance).In addition, "the 20/5/5/3 slow stochastic turned in the oversold region, suggesting the price would consolidate within the 144.24 - 144.68 range (next resistance is 145.00/11) before ... http://www.perthherald.com/index.php/sid/214689170/scat/758c4df8d6430978 Wed, 22 May 2013 08:48:25 -0400 http://www.perthherald.com/index.php/sid/214689170/scat/758c4df8d6430978 FXstreet.com (Barcelona) - The bearishness surrounding the Canadian dollar is getting more evidenced on Wednesday, lifting the pair to session highs around the 1.0300 handle.Retail Sales in the Canadian economy are expected to expand 0.1% on a monthly basis in March. Sales stripping the auto sector are estimated at 0.2%. Both forecasts represent a decline from February's advances at 0.8% and ... http://www.perthherald.com/index.php/sid/214689169/scat/758c4df8d6430978 Wed, 22 May 2013 08:48:25 -0400 http://www.perthherald.com/index.php/sid/214689169/scat/758c4df8d6430978 FXstreet.com (Crdoba) - The British pound took another hit on Wednesday and extended losses against the dollar to a fresh 7-week low after a 1.3% monthly decline for April retail sales was reported versus a 0.1% gain expected, while the May BoE minutes held no surprises.GBP/USD pierced below the 1.5100 mark and bottomed out at 1.5073, although with the subsequent bounce capped by the 1.5110 area, ... http://www.perthherald.com/index.php/sid/214689168/scat/758c4df8d6430978 Wed, 22 May 2013 08:48:24 -0400 http://www.perthherald.com/index.php/sid/214689168/scat/758c4df8d6430978 BERLIN | Wed May 22, 2013 8:21am EDT BERLIN May 22 (Reuters) - German state development bank KfW will help establish a Portuguese financial institution to help economic growth and boost job creation in the crisis-stricken country, the finance ministers of Germany and Portugal said in a joint statement. They said a fall in Portugal's sovereign borrowing costs had not yet completely ... http://www.perthherald.com/index.php/sid/214688110/scat/758c4df8d6430978 Wed, 22 May 2013 08:21:22 -0400 http://www.perthherald.com/index.php/sid/214688110/scat/758c4df8d6430978 * Dollar index steady before Bernanke testimony * U.S. stock futures signal more Wall St gains * German bond yields ease, Treasuries firm * European shares ease off multi-year highs By Richard Hubbard LONDON, May 22 (Reuters) - The dollar hovered near a three-year high and German debt yields eased on Wednesday as expectations hardened that the head of the U.S. central bank later in the day would ... http://www.perthherald.com/index.php/sid/214688003/scat/758c4df8d6430978 Wed, 22 May 2013 08:19:09 -0400 http://www.perthherald.com/index.php/sid/214688003/scat/758c4df8d6430978 Bank of England Chief Mervyn King maintained his call for more stimulus for the fourth month and was defeated again by a majority of six members as in previous months who cited faster-than-expected growth and pipeline impact from previous stimulus.At his penultimate meeting, King along with Paul Fisher and David Miles sought an increase in quantitative easing by GBP 25 billion to a total of GBP ... http://www.perthherald.com/index.php/sid/214686693/scat/758c4df8d6430978 Wed, 22 May 2013 08:03:58 -0400 http://www.perthherald.com/index.php/sid/214686693/scat/758c4df8d6430978 Over the next 18 months broken red bricks on the capital's premier shopping street will be replaced by natural granite, some from the Dublin and Wicklow mountains.The work will begin in early June and be carried out in five stages to finish in time ... http://www.perthherald.com/index.php/sid/214686686/scat/758c4df8d6430978 Wed, 22 May 2013 07:53:05 -0400 http://www.perthherald.com/index.php/sid/214686686/scat/758c4df8d6430978 There were no major surprises in connection with today's Bank of Japan (BoJ) meeting and the market impact should be neutral. The expansion of the monetary base (now the main policy instrument) was maintained at JPY60- 70trn. In addition BoJ as expected upgraded its view of the economy and now believes that the economy has started to ... http://www.perthherald.com/index.php/sid/214686683/scat/758c4df8d6430978 Wed, 22 May 2013 07:37:42 -0400 http://www.perthherald.com/index.php/sid/214686683/scat/758c4df8d6430978 FXstreet.com (Barcelona) - The Swiss franc posted fresh 2-year highs above the key mark at 1.2600 on Wednesday, bolstered by comments by SNB's T.Jordan.In his speech, the President of the SNB underlined that the franc remains strong, adding at the same time that the cap is crucial for the Alpine economy. He went on signalling that negative interest rates were never ruled out as a policy ... http://www.perthherald.com/index.php/sid/214687730/scat/758c4df8d6430978 Wed, 22 May 2013 07:37:37 -0400 http://www.perthherald.com/index.php/sid/214687730/scat/758c4df8d6430978 FXstreet.com (Barcelona) - The USD/CHF has soared following the speech today on the SNB - the pair jumped to session highs at the 0.9760 before easing back to the 0.9744/46 resistance in these moments.In his speech before the Press Club in Frankfurt on Tuesday the head of the Swiss National Bank, Thomas Jordan, assured that the current franc cap of 1.20 per euro would be maintained for as long as ... http://www.perthherald.com/index.php/sid/214687729/scat/758c4df8d6430978 Wed, 22 May 2013 07:37:37 -0400 http://www.perthherald.com/index.php/sid/214687729/scat/758c4df8d6430978 FXstreet.com (Barcelona) - The Portuguese Current Account deficit shrunk to EUR0.022 billion during March, lower than February's EUR0.276 billion ... http://www.perthherald.com/index.php/sid/214687728/scat/758c4df8d6430978 Wed, 22 May 2013 07:37:36 -0400 http://www.perthherald.com/index.php/sid/214687728/scat/758c4df8d6430978 2013 "FXstreet.com. The Fore Market" All Rights Reserved. Every effort is made to provide accurate and complete information. However, with the thousands of documents available, often uploaded within short deadlines, we cannot guarantee that there will be no errors. Any republication or redistribution of FXstreet.com content is expressly prohibited without the prior written consent of ... http://www.perthherald.com/index.php/sid/214687727/scat/758c4df8d6430978 Wed, 22 May 2013 07:37:35 -0400 http://www.perthherald.com/index.php/sid/214687727/scat/758c4df8d6430978 FXstreet.com (Barcelona) - The European stock market was negative across the board Wednesday, with many investors anxiously awaiting the FOMC minutes during the later session today. Economic data has been highly subdued this week - however, in the EMU, the Current Account s.a came in at EUR25.9B in March, against expectations of only EUR15.0B. In addition, the Current Account n.s.a has yielded a ... http://www.perthherald.com/index.php/sid/214687731/scat/758c4df8d6430978 Wed, 22 May 2013 07:37:34 -0400 http://www.perthherald.com/index.php/sid/214687731/scat/758c4df8d6430978 FXstreet.com (Barcelona) - In his speech before the Press Club in Frankfurt on Tuesday the head of the Swiss National Bank, Thomas Jordan, assured that the current franc cap of 1.20 per euro would be maintained for as long as necessary in the face of low inflation and growth. Nevertheless, he added that an adjustment of the EUR/CHF floor and negative interest rates were not excluded as means of ... http://www.perthherald.com/index.php/sid/214687732/scat/758c4df8d6430978 Wed, 22 May 2013 07:37:33 -0400 http://www.perthherald.com/index.php/sid/214687732/scat/758c4df8d6430978 FXstreet.com (Barcelona) - The EUR/USD has come to life recently during European trading, moving higher and establishing fresh intraday maximums at 1.2957 Wednesday.However, this level proved to be fleeting, leading the pair to ease off its highs and retrace back to the 1.2941/42 level in these moments. At this juncture, ahead of the vaunted FOMC minutes later today during US trading, the EUR/USD ... http://www.perthherald.com/index.php/sid/214687733/scat/758c4df8d6430978 Wed, 22 May 2013 07:37:32 -0400 http://www.perthherald.com/index.php/sid/214687733/scat/758c4df8d6430978 Note: FXstreet.com treats your personal information as confidential and does not disclose it to any third parties other than the company selected. Your privacy is our greatest ... http://www.perthherald.com/index.php/sid/214687735/scat/758c4df8d6430978 Wed, 22 May 2013 07:37:29 -0400 http://www.perthherald.com/index.php/sid/214687735/scat/758c4df8d6430978 Work on a facelift for Dublin's Grafton Street begins in June. The 4 million Euro project will take 18 months to complete with an 8 week break over Christmas. Work begins at the St. Stephens Green end of the street, to Chatham Street and then Trinity College end in September. All work will be completed by November ... http://www.perthherald.com/index.php/sid/214687736/scat/758c4df8d6430978 Wed, 22 May 2013 07:34:54 -0400 http://www.perthherald.com/index.php/sid/214687736/scat/758c4df8d6430978 AUD/USD - 0.9754 AUD/USD - Wave 5 of C and (B) has possibly ended at 1.1081Aussie has fallen again after brief recovery, the strength of recent decline suggests further weakness to 0.9650 would be seen, however, only break of previous support at 0.9581 would suggest a downside break of recent broad range has occured and signal a major correction from 1.1081 (either wave 5 V or wave 3 of V) is ... http://www.perthherald.com/index.php/sid/214687738/scat/758c4df8d6430978 Wed, 22 May 2013 07:32:56 -0400 http://www.perthherald.com/index.php/sid/214687738/scat/758c4df8d6430978 EUR/CHF - 1.2593 EUR/CHF: Wave (iv) of 3 of (C) ended at 1.3835 and wave (v) / 3 has ended at 1.0075 Current break of previous resistance at 1.2573 confirms our bullish view of a resumption of early upmove from 1.0075 low (wave 3 bottom) and upside bias remains for this move to bring a stronger correction of early downtrend towards 1.2700 and eventually towards 1.2762 (50% Fibonacci retracement ... http://www.perthherald.com/index.php/sid/214687739/scat/758c4df8d6430978 Wed, 22 May 2013 07:32:55 -0400 http://www.perthherald.com/index.php/sid/214687739/scat/758c4df8d6430978 The markets mostly remain on wait-and-see mood to hear what the Fed President Bernanke will say to end the suspense on 'to taper or not to taper' specs. The USD is broadly sold ahead of Bernanke's testimony while the British pound registered a heavy unwind amid the retail sales missed the market expectations in UK. Elsewhere, the Swiss franc losses ground on the IMF annual report ... http://www.perthherald.com/index.php/sid/214687740/scat/758c4df8d6430978 Wed, 22 May 2013 07:32:55 -0400 http://www.perthherald.com/index.php/sid/214687740/scat/758c4df8d6430978 It's been a rough morning for GBP, with economic data thwarting early attempts at a GBP recovery. BOE minutes, retail sales and public sector data all weighed on the pound, pushing it below 1.5100 - a key support level. Data ... http://www.perthherald.com/index.php/sid/214687737/scat/758c4df8d6430978 Wed, 22 May 2013 07:32:54 -0400 http://www.perthherald.com/index.php/sid/214687737/scat/758c4df8d6430978 The high current account deficit will persist as long as we live in a world of low growth - that hurts our exports - and easy global liquidity, which pumps up the oil import ... http://www.perthherald.com/index.php/sid/214687741/scat/758c4df8d6430978 Wed, 22 May 2013 07:32:35 -0400 http://www.perthherald.com/index.php/sid/214687741/scat/758c4df8d6430978 LONDON, May 22 (Reuters) - Gold rose on Wednesday as the dollar fell after Federal Reserve officials allayed investor concerns that the U.S. central bank would soon reduce its bond-buying programme, while Chinese physical demand also lent some support to ... http://www.perthherald.com/index.php/sid/214687709/scat/758c4df8d6430978 Wed, 22 May 2013 07:29:25 -0400 http://www.perthherald.com/index.php/sid/214687709/scat/758c4df8d6430978 NEW YORK | Wed May 22, 2013 6:59am EDT NEW YORK May 22 (Reuters) - Applications for U.S. home mortgages dropped for a second week in a row last week as a spike in interest rates stymied demand for refinancing, data from an industry group showed on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both ... http://www.perthherald.com/index.php/sid/214686761/scat/758c4df8d6430978 Wed, 22 May 2013 06:59:57 -0400 http://www.perthherald.com/index.php/sid/214686761/scat/758c4df8d6430978 Gold may rise on recovering anti-fiat demand as minutes from the last FOMC meeting and Ben Bernanke’s testimony dent bets on a reduction in the size of ... http://www.perthherald.com/index.php/sid/214686370/scat/758c4df8d6430978 Wed, 22 May 2013 06:46:28 -0400 http://www.perthherald.com/index.php/sid/214686370/scat/758c4df8d6430978 FXstreet.com (Barcelona) - The EUR/CHF has been unusually active this week, edging higher during European trading, though operating off its session highs at 1.2565 in recent minutes.At the time of writing, the pair is now settling at 1.2528/32, still up a tepid +0.07% Wednesday. The EUR/CHF will face calculated resistance at 1.2560, then 1.2587, and finally 1.2642. On the decline, a movement ... http://www.perthherald.com/index.php/sid/214686374/scat/758c4df8d6430978 Wed, 22 May 2013 06:29:50 -0400 http://www.perthherald.com/index.php/sid/214686374/scat/758c4df8d6430978 FXstreet.com (Barcelona) - The bloc currency remains in session highs in the boundaries of 1.2940 on Wednesday, as market participants are shifting their focus on the FOMC minutes and Bernanke's testimony.In light of Bernankes's testimony before Congress, Sean Callow, Strategist at Westpac commented, "Volatility over the course of his appearance seems assured, as markets try to ... http://www.perthherald.com/index.php/sid/214686376/scat/758c4df8d6430978 Wed, 22 May 2013 06:29:49 -0400 http://www.perthherald.com/index.php/sid/214686376/scat/758c4df8d6430978 FXstreet.com (Barcelona) - The IMF's annual report for Switzerland is always of importance for the franc. Indeed, the IMF makes two key points - first, the Swiss National Bank should continue with its floor target for the EUR/CHF at 1.20 given Switzerland is experiencing deflation and renewed safe-haven inflows could strengthen the franc again. However, 'if confidence in global ... http://www.perthherald.com/index.php/sid/214686375/scat/758c4df8d6430978 Wed, 22 May 2013 06:29:48 -0400 http://www.perthherald.com/index.php/sid/214686375/scat/758c4df8d6430978 USD/JPY - 102.82 Original strategy : Sold at 102.65, stopped at 102.95 Position: - Short at 102.65Target: - Stop:- ... http://www.perthherald.com/index.php/sid/214686383/scat/758c4df8d6430978 Wed, 22 May 2013 06:25:07 -0400 http://www.perthherald.com/index.php/sid/214686383/scat/758c4df8d6430978 Last Candlesticks pattern: Doji Time of formation: 18 Jan 2013 Trend bias: Up AUD/JPY - 100.37 The Australian dollar met renewed selling interest at 102.15 in line with our expectation (we recommended on 8 May to sell at 102.00 for 99.30 and a short position was entered), however, the pair found support just above the lower Kumo and has recovered, suggesting consolidation would be seen ... http://www.perthherald.com/index.php/sid/214686381/scat/758c4df8d6430978 Wed, 22 May 2013 06:25:06 -0400 http://www.perthherald.com/index.php/sid/214686381/scat/758c4df8d6430978 Last Candlesticks pattern: Hammer Time of formation: 4 Mar 2013 Trend bias: Sideways AUD/USD - 0.9760 Aussie extended recent decline to as low as 0.9711 last week, exceeded our indicated downside target at 0.9800-02 (1.618 times projection of 1.0583-1.0221 measuring from 1.0386 as well as 1.618 times projection of 1.0599-1.0116 measuring from 1.0583), adding credence to our bearish view ... http://www.perthherald.com/index.php/sid/214686380/scat/758c4df8d6430978 Wed, 22 May 2013 06:25:06 -0400 http://www.perthherald.com/index.php/sid/214686380/scat/758c4df8d6430978