Australia May Consider Raising Rate in Balanced Move (Update1)
May 3 (Bloomberg) -- Australia’s central bank faces a “finely balanced” decision on whether to increase borrowing costs for the sixth time in seven meetings, as Governor Glenn Stevens weighs a near doubling of inflation against concerns about European debt.

The central...

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Forex Daily Outlook – May 3 2010
Starting the week with a variety of events. ISM Manufacturing PMI in the USD, Labor Cost Index in New Zealand and President Axel Weber speak in Frankfurt; Let see what else awaits us this day, 

In the US, Institute for Supply Management (ISM) Manufacturing Purchasing Managers’ Index...

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Forex Weekly Outlook – May 3-7
The first week of the month is always very busy: rate decisions in Australia and Europe and employment figures in Canada, New Zealand and the US – Non-Farm Payrolls – the king of forex. Add British elections as a special event, and you have a very exciting week. Let’s see the major...

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GBPUSD: Bias Remains Corrective To Consolidation
GBPUSD: Bias Remains Corrective To Consolidation

GBPUSD: The pair may be stuck between its April 15’10 high at 1.5521  and the 1.5127/25 levels (April 06/28’10 lows) but continues to retain its overall consolidation to corrective tone activated from the 1.4782 level. With its first...

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