EAC Increases Credit Facility – Analyst Blog
Erickson Air-Crane Inc. (EAC) after a successful negotiation with financial institutions was able to enhance its five-year revolving credit facility to $125 million. On May 2, the company entered into a $100 million, five-year revolving credit facility with a group of financial institutions.This credit facility will carry an interest rate of 325-450 basis points over [...]
Flash: UK data – TD Securities
FXstreet.com (London) – Strategist Jacqui Douglas for TD Securities said that the UK CPI rebounded in May, rising from 2.4% to 2.7% Y/Y, which was a little stronger than consensus of 2.6% but in line with their forecast.He said, this reflected a return of prices to normal levels after the timing of Easter pushed travel [...]
GBP/USD volatile post CPI
FXstreet.com (London) – GBP/USD has printed a high through 1.5700 to 1.5710 the high in the 5 minute chart only to reverse back into 1.5670/90 territories.A relatively mixed bag of data which was released has left the pair at a cross roads while we await the FOMC tomorrow and other key data lined up from [...]
GBP/USD failed again at 200d ma
FXstreet.com (London) – GBP/USD is printing much lower on the London open having failed to hold onto the 200d ma.1.5650 would close the gap on the chart after Fridays fall to a low of 1.5616 and Mondays Asian open above 1.5700. Today is busy on the calendar as we head into the FOMC tomorrow. Key [...]
EUR/USD holding the line below 1.3380
EUR/USD is last at 1.3362 retracing from session and weekly highs at 1.3382, off early London session weekly lows at 1.3318. The pair is in the positive for the week so far but still little change, awaiting for FED Bernanke on Wed.Waiting for FOMCAccording to Valeria Bednarik, Chief Analyst at Fxstreet.com, “dominant trend is bullish [...]
Flash: USD/JPY bullish analyses – Nomura
FXstreet.com (London) – Yujiiro Goto at Nomura said that the Financial Futures Association of Japan has released trading volume and net positions of OTC FX margin trading data in May.“May trading volume increased further to JPY457trn (USD4.8trn), up 3.1% from April. The volume is the highest since November 2008 when the data were first available. [...]
Flash: GBP/USD topping out – Commerzbank
FXstreet.com (London) – Karen Jones, Senior analyst at Commerzbank has said that the GBP/USD still probes the 200 day moving average at 1.5698.They note the 13 count on the daily and the TD perfected set up and they suspect that we are now trading towards the end of the corrective move higher. She explains that [...]
Flash: The WSJ Hilsenrath article – TD Securities
FXstreet.com (London) – The research team at TD Securities note that the WSJ Hilsenrath article has remained the big talking point through the European morning session.EUR/USD lowerThe dollar has strengthened while the team point out that yields on both Bunds and gilts were lower by up to 4bp with the biggest moves seen in the [...]