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Yen down, stg up on Moody's, data; U.S. data eyed

posted by annie 897 days ago in JPY, GBP made popular 897 days ago

The yen weakened and sterling rose on Friday after analysts at ratings agency Moody's said UK and U.S. sovereign credit ratings were not under threat at the moment, helping support investors' risk appetite.

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Still room to cut interest rates

posted by annie 899 days ago in USD, Agriculture, Inflation made popular 899 days ago

Federated Farmers latest interest rates survey released today shows little change in farm interest rates over the past three months.

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Oil Falls to $75 as Dollar Rises

posted by annie 901 days ago in USD, Oil

Oil prices dropped to $75 a barrel on Monday reacting to a rising dollar and tracking weak European equities as investors became more risk averse.

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Australia’s Big Four Banks to Face More Competitive Pressure

posted by annie 903 days ago in AUD, Inflation

Australian Prime Minister Kevin Rudd will ensure “competitive pressure” is placed on the nation’s so-called Big Four lenders after three of them raised interest rates more than the central bank, Treasurer Wayne Swan said.

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UK economy shrunk more than feared and recovery slower

posted by annie 903 days ago in GBP made popular 903 days ago

THE UK's economy has shrunk more than originally feared and growth during recovery will be slower, the British Chambers of Commerce (BCC) warns today.

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GBP Doesn't Make for the Standard Dollar Counterpart

posted by annie 903 days ago in GBP, GDP made popular 903 days ago

The general weakness in the British pound is understandable. Not only has the economy struggled to ensure an exit from its recession and monetary policy slackened to the point where further expansion will do little good; but speculators have been

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NZD/USD continues to gain on the dollar

posted by annie 906 days ago in USD, NZD made popular 905 days ago

The Kiwi continued its gains against the dollar and is trading 0.7261. The pair had opened at 0.7220 and rose to post an intraday high of 0.7282 before easing slightly. The NZD/USD finds support at 0.7241 and resistance at 0.7291 and is considere

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Gold marks record highs, tops $1,220/oz

posted by annie 906 days ago in USD, Gold made popular 906 days ago

Gold hit record highs over $1,220 an ounce on Thursday as the precious metal continued to attract investors looking for an alternative to the U.S. dollar.

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Good reports, weaker dollar propel stocks

posted by annie 907 days ago in USD, Manufacturing made popular 906 days ago

A weaker dollar again boosted stocks, driving up commodity prices.

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UK risks spiral into debt crisis

posted by annie 907 days ago in GBP, Trade made popular 907 days ago

A team of highly-rated analysts in the City has published a damning report on the UK’s finances, warning that Britain risks becoming the first country in the G10 bloc of major economies to risk capital flight, a steep fall in the pound and a full

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German retail sales slightly stronger than expected

posted by annie 908 days ago in USD, EUR, Retail Sales made popular 907 days ago

German retail sales for October have come in at +0.5% m/m, -1.7% y/y, slightly stronger than median forecasts of +0.4%, -1.9% respectively. EUR/USD is trading firmer, presently at 1.5030. Next hurdle for euro bulls is to get through sell orders t

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GBP/YEN- short

posted by annie 909 days ago in JPY, GBP made popular 909 days ago

I got back involved in this pair Friday, when it failed at the hourly, 50 day simple moving average. It still looks really good to get into at this point. If a bar is put in above that moving average (black line), then it will go bid. But only if

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