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GBP to EUR could head lower today

posted by Avatar Gimmy 326 days ago in EUR made popular 326 days ago

Eurozone retail sales data is also released at 10.00am and it will be interesting to see if the predicted contraction interrupts the euro's progress significantly. The pound to euro is currently trading at a weak 1.1050, and risks look distinctly to ... read more
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USD/CAD down in US trade

posted by Avatar Gimmy 330 days ago in CAD made popular 330 days ago

USD/CAD was trading at 0.9590, down 0.45% at time of writing. The pair was likely to find support at 0.9587, today's low, and resistance at 0.9913, Monday's high. Earlier in the day, industry data showed that The US ISM manufacturing PMI rose ... read more
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Australian Dollar Drops on Rate-Cut Bets; Kiwi Falls on Trade

posted by Avatar Gimmy 335 days ago in NZD, Economic Indicators made popular 335 days ago

June 27 (Bloomberg) -- Australia's dollar dropped to its lowest level in 11 weeks as traders increased wagers on a cut in the benchmark interest rate amid concerns about Europe's debt crisis. New Zealand's currency slid for a third day. ... read more
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EUR/USD finished the week lower on Greece and disappointing macro-economic data

posted by Avatar Gimmy 337 days ago in EUR, JPY made popular 337 days ago

The USD also benefited from the fact that the IEA announced it is to release Strategic Petroleum Reserves (SPR) to ease tight supply conditions and promote economic growth. Elsewhere, BoJ's board member Morimoto said that Japanese production is highly ... read more
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Were the Eurosceptics right?

posted by Avatar Gimmy 339 days ago in EUR made popular 339 days ago

With low interest rates, easy money, strong inward investment in the euro area, the good years followed. There was even debate in Britain about whether it would benefit from joining. Sure there were hiccups. The Germans and the French broke the rules ... read more
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Dollar Gives Up Early Gains as Risk Appetite, Euro Rally

posted by Avatar Gimmy 340 days ago in EUR, AUD

In the upcoming North American session, however, we have high-level event risk in April retail sales figures. Furthermore, this data is set against a sharp drop in rate expectations this past session. What really changed in the RBA's tone that the ... read more
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NZD/USD up in Asian trade

posted by Avatar Gimmy 345 days ago in NZD

Meanwhile, the New Zealand Dollar was up against the Australian Dollar and the Euro, with AUD/NZD shedding 0.08% to hit 1.3108 and EUR/NZD falling 0.16% to hit 1.7619. Forex Pros offers a diverse set of professional tools for Forex, Futures and CFDs. ... read more
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News Optimism Spread in Markets after U.S. and China Economic ...

posted by Avatar Gimmy 346 days ago in Commodities made popular 346 days ago

... compared with the opening level at $1.4414, and the British Pound also rose against the dollar, where the GBP/USD pair traded at $1.6403, up from the opening level at $1.6367. Gold prices rose on Tuesday, where gold traded around $1521 an ounce, ... read more
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Dip Could Signal Buy for Gold, Silver

posted by Avatar Gimmy 347 days ago in Commodities

With equity momentum looking like it will transpose itself into USD mid-term buying, moves higher in gold and silver trade will continue to be choppy and overlapping. Any existing gold or silver positions should be closely monitored while recent price ... read more
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EUR/USD pulls back from 2-day high after U.S. data

posted by Avatar Gimmy 347 days ago in EUR made popular 347 days ago

Forex Pros - The euro pulled away from a two-day high against the US dollar on Tuesday, after US data showed that producer prices posted a large annualized gain last month, while retail sales fell less-than-expected. EUR/USD pulled away from 1.4472, ... read more
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Euro hit by debt woes, doubts on ECB rate hike pace

posted by Avatar Gimmy 351 days ago in USD, EUR, JPY made popular 351 days ago

Market players had already priced in the July rate hike flagged by ECB president Jean-Claude Trichet on Thursday, but an unchanged 2012 inflation forecast suggested further tightening down the road might be slower than previously thought. The euro ... read more
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Sterling recovers from 2-wk lows hit after UK data

posted by Avatar Gimmy 351 days ago in USD, EUR, JPY, GBP made popular 351 days ago

Investors see the risk of more selling in sterling, given signs the UK economy is struggling to recover, leaving the BoE's hands tied on rates even as inflation remains well above the central bank's target range. A quarterly survey by the central bank ... read more