The forex reserves has dropped sharply for the second consecutive week. It had declined by $2.18 billion in the previous week. Foreign currency assets, the biggest component of the forex reserves kitty, fell by $1.33 billion to $257.85 billion during … See all stories on this topic »
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India's forex reserves drop by $1.37 billion
Economists and traders have been suggesting that the government route payments for oil imports through forex reserves to cushion the market impact. Oil companies need an average of $500 million a day. The rupee declined 1.5% this week to 54.4250 per … See all stories on this topic »
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Rupee sinking but RBI to act when it will have some impact
No test on 1.2625 for EUR/USD this week, as the Swiss supranational stands his ground – ahead of 1.2700. Despite negative stocks, the EUR has set its weekly range, and looks to head into the weekend on a 1.2700 handle, though we expect lower levels are … See all stories on this topic »
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Forex – EUR/USD, GBP/USD, EUR/GBP Flows: cross edges into key sell zone?
Having proved unable to contain the rupee's falls via its actions in the forex markets, the RBI was widely reported to have met oil companies this week, and a look at the numbers shows why. Forex dealers estimate average daily demand for dollars from … See all stories on this topic »
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After forex intervention, RBI may now target oil to save rupee
by Tauane Sousa – Tradervox.com | View company's profile Tradervox (Dublin) – This week has seen major changes in currency trend as the EUR/USD pair remained under the uptrend support of 1.30 on Greece exit concerns. The GBP/USD pair has broken the … See all stories on this topic »
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Major Forex Outlook For the Coming Week
FXstreet.com (Barcelona) – This Thursday is retracing some of the losses of the week while under oversold conditions. Commodities gains on the day were capped in early European morning, putting the AUD/USD upside on hold as well. See all stories on this topic »
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Forex: AUD/USD capped at 0.9963
FXstreet.com (Barcelona) -The ugly contest between two of the worst performers in recent weeks continues to show soggy price action this week, with the spot rate stuck in consolidation btw 1.2780 and 1.2900/10. “EUR/AUD is getting closer to the … See all stories on this topic »
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Forex Flash: EUR/AUD expected to be capped by 1.2906/79 resistance – Commerzbank
FXstreet.com (Barcelona) – EUR/CAD is quoting at 1.2825 at the moment, off fresh 15-month low at 1.2782, reached during late NY session. The cross is down for the week by -0.75% since previous weekly close last Friday, and -2.84% year to date. See all stories on this topic »
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Forex: EUR/CAD lowest since Jan 2011
FXstreet.com (Barcelona) – This week has been very marked by the Greek factor as the political crisis there is weakening risk sentiment while capital flees to safe havens, including the USD. The Dollar Index (DXY) has breached above key resistance at … See all stories on this topic »
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Forex Flash: USD higher in a Greek day – Wells Fargo
by Yohay Elam – Forex Crunch | View company's profile We began the week with SNB Chairman Jordan Speaks in Switzerland as the main highlight on today's outlook. Let's see what awaits us today. In Europe, Industrial Production, monthly indicator to … See all stories on this topic »
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Forex Daily Outlook May 14 2012
