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Larger risk retreat underway in markets

posted by Avatar Tottie 378 days ago in JPY made popular 377 days ago

After last week's rout in risk assets (commodities, stocks and JPY-crosses)/rebound in the USD, we were largely constructive on the move, viewing it as only a positioning-driven correction within a larger uptrend. Price movements in the past week, ... read more
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Australian dollar outlook 05/11/2011

posted by Avatar Tottie 382 days ago in USD, EUR, CAD, AUD, Commodities, Economic Indicators made popular 382 days ago

Gold traded higher to US$1518 per ounce while oil was up $1.37 to US$104 per barrel, fuelled by concerns over higher US consumption levels. We see the AUD supported today following the overnight gains and as the market awaits data releases out of ... read more
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Austrian Trade Deficit Widens In February

posted by Avatar Tottie 386 days ago in Economic Indicators made popular 386 days ago

Austria's trade deficit widened from last year in February, preliminary data released by Statistics Austria showed Friday. The trade deficit widened to EUR 370.66 million in February from EUR 366.86 million in the previous year. ... read more
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Latest News in Global Markets

posted by Avatar Tottie 388 days ago in USD, AUD, Economic Indicators made popular 388 days ago

Australia: The AUD took an initial hit yesterday when reports began to emerge that high profile investor George Soros was a seller of gold. The price of silver has also fallen dramatically over the last few days, losing 19% of its value since Friday of ... read more
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Bin Laden Killed, USD Gains

posted by Avatar Tottie 390 days ago in Commentary, Economic Indicators made popular 390 days ago

Looking ahead, April Manufacturing PMI forecast at 57.7 vs. 57.7. The Japanese Yen (JPY) remained in familiar levels around the Y81.50 level but closed on a weak footing. The market tested Y81 early on Monday but reversed on USD buying post Bin Laden ... read more
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Japanese steelmakers earnings improve sharply in FY 2010

posted by Avatar Tottie 392 days ago in JPY, Commodities

Consolidated pretax profit at Nippon Steel shot up JPY 226.34 billion from the previous year's JPY 11.83 billion, with Sumitomo Metal's coming to JPY 34.05 billion against a loss of JPY 36.63 billion. Sales jumped 17.8% at Nippon Steel to JPY 4.11 ... read more
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ForexLive Asian market wrap: Busy session as USD cops another hiding

posted by Avatar Tottie 395 days ago in USD, NZD made popular 395 days ago

The fall in the NZD/USD after the RBNZ statement also dragged the AUD/USD to its intraday lows. From there we've see another steady bullish session with the pair never pulling back more than 20 pips. The strong World Bank assessment of the Chinese ... read more
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"USD/CHF maintain fluctuating, waiting for US GDP figures"

posted by Avatar Tottie 407 days ago in CHF, Economic Indicators made popular 407 days ago

Analyst said in the Asian forex market on Friday: although USD/CHF rate dropped on Thursday, it would keep fluctuating before US GDP figures are released. USD/CHF was fluctuating within price range of 0.9824 and 0.9870 till noon on Friday. ... read more
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FOREX: US Dollar Hints at Reversal but Downward Trend Strongly Intact

posted by Avatar Tottie 410 days ago in USD, CHF made popular 410 days ago

Given substantial rallies on the strongest interest rate hike expectations of any G10 currency, the euro remains sensitive to corrections in 'risk'-especially against the safe-haven Swiss Franc, Japanese Yen, and US Dollar. The Australian Dollar fell ... read more
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Dollar, yen find reprieve; Aussie rally pauses

posted by Avatar Tottie 411 days ago in all made popular 411 days ago

Two of the Fed's most powerful officials, Janet Yellen and William Dudley, said on Monday the US central bank should stick to its super-easy monetary policy, arguing inflation is not a threat and unemployment remains too high. [ID:nN11296347] "With the ... read more
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AUD/JPY corrects from 30-month high

posted by Avatar Tottie 411 days ago in AUD made popular 411 days ago

You must be aware of the risks of investing in forex, futures, and options and be willing to accept them in order to trade in these markets. Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with ... read more
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Euro at 15-mth high vs dlr, buoyed by rate view

posted by Avatar Tottie 414 days ago in all

The euro rose to a 15-month high against the dollar on Friday, supported by expectations of more euro zone interest rate hikes, while the prospect of a US government shutdown pushed the dollar lower ... read more