Quantum Fuel Systems Technologies Worldwide, Inc. (NASDAQ: QTWW) announced on Friday, June 27, 2008, their hybrid sports car, the Quantum-powered Fisker Karma, was featured in the automotive industry new journal CAR Magazine which is published in United Kingdom. The company
The inflation data will reinforce ECB fears over inflation trends, but there will still be additional pressure for the bank to resist an interest rate hike. The dollar was unable to strengthen back through the 1.57 level on Friday and
The latest record in Eurozone inflation at 4.0% annually in June is the latest catalyst to the broadening euro strength and continued dollar weakness. In a week when the European Central Bank is expected to raise rates at the same
Real GDP rose a stronger-than-expected 0.4% in April following two months of decline, with output down 0.2% in March and 0.3% in February. Market expectations had been for a return to positive growth, but by a more moderate 0.3%.
Traders will digest a barrage of economic events and data this week with the greenback trading on softer footing early in the Monday session, dipping to 105 against the yen and 1.5835 versus the euro. The US reports released today
The dollar saw no relief in the European session with continued selling by increasingly bearish investors. The EurUsd traded in the high 1.57 level, while the UsdJpy moved to 105.9 on continued dollar weakness. The GbpUsd is trading with a
The USD managed a brief reprieve during the New York morning after Chinese's PM called on US to take action to stabilize the dollar. The EUR/USD moved from 1.5820 to 1.5740 before retreating back towards 1.58. USD sentiment continues to
Dollar pares some losses in early US session on profit taking on short positions as traders are aware of the key event risks of ECB rate decision and Non-farm payroll towards the end of the week. Nevertheless, the overall tone
EUR/USD retreats mildly after reaching as high as 1.5836 earlier today. Nevertheless, intraday bias remains on the upside as long as 1.5718 minor support holds. Further rally is expected to test 1.5843 resistance. Note that at this moment, it's uncertain
USD/CHF recovers mildly after diving further to 1.0129 earlier today but still, intraday bias remains on the downside as long as 1.0220 minor resistance holds. As discussed before, break of short term rising trend line support with daily MACD dipped
USD/JPY's sharp fall from 108.41 extended to as low as 104.98 before recovering mildly. Break of the trend line support, followed by breaking of 105.56/58 (50% retracement of 102.58 to 108.58 at 105.58 and 23.6% retracement of 95.77 to 108.58
Cable retreats mildly after edging higher to 1.9966 earlier today. Touching of 1.9896 minor support argues that an intraday top is in place and some consolidation could be seen. Nevertheless, downside should be contained by 1.9803 support and bring another
USD/CAD's recovery today and touching of 1.0143 minor resistance indicates that an intraday low is in place at 1.0048. Outlook is turned neutral for the moment. Though, sustained trading above 1.0143 will indicate that correction from 1.0322 has completed with
EUR/JPY's fall from 169.46 extends further to as low as 166.08 today before turning sideway. As discussed before, an intraday top is already in place at 169.46. Further decline is still in favor as long as 168.13 minor resistance holds.
Former bank governor Friday spoke on his 'reflections on issues of our times' suggesting what he believed were workable solutions to current national economic woes that have been deepened by the surge in prices of global commodities like oil and
Canadian GDP grew by a robust 0.4% in April, the fastest pace since January. However, the strength of this report may be overstated. Importantly, the month is really just an inevitable bounce-back after a string of unsustainably weak outcomes. Three
With a light fundamental load from the U.S session today the trend has not much diverted as the dollar gained grounds on the back of majors easing, as though the PMI came above expectations contracting on a slower pace in
In U.S. news, NYMEX crude oil futures for August delivery traded above the US$ 143 figure, an all-time record high. Many economists believe the U.S. is on the edge of a technical recession and the elevated prices of oil and
Germany said Friday it has asked a Munich-based company to stop supplying Zimbabwe with paper used for banknotes, saying it was helping prop up Mugabe's regime.
