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U.S. dollar, usually world's safe haven, declining despite plenty of global ...

posted by Avatar busybee 429 days ago in EUR made popular 429 days ago

The Fed has repeatedly pledged to keep its target for short-term interest rates near zero for an extended period. The European Central Bank, by contrast, has signaled it will increase its interest rate target in May, aiming to combat higher prices ... read more
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US Data on Housing, Durable Orders Troubling While Claims Data Positive

posted by Avatar busybee 429 days ago in USD, EUR, JPY, CAD, AUD, Economic Indicators

... and if pressured by the slump in housing, and a loss of momentum in other parts of the economy, it could set the stage for an announcement of a third round of quantitative easing. That would be a major USD negative event. ... read more
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Pound Strengthens Against Majors; U.K. CPI Eyed

posted by Avatar busybee 431 days ago in USD, EUR, JPY, GBP, CHF made popular 431 days ago

On a monthly comparison, consumer prices are forecast to grow 0.6 percent. Besides, the public sector finance figures are also due at 5.30 am. British public sector net borrowing is seen at GBP 7.6 billion in February. At the same time, public sector ... read more
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Yen edges higher, may test Japan and G7's resolve

posted by Avatar busybee 432 days ago in all made popular 431 days ago

The euro made the most of the dollar's woes, hovering near a four-month high against the greenback. Traders said various market players were looking to sell the dollar against the yen on rallies, with selling interest particularly strong starting from ... read more
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Japanese stocks skid on soaring yen

posted by Avatar busybee 436 days ago in JPY made popular 436 days ago

Japanese stocks fell today as soaring yen and increasing concerns over nuclear radiation prompted investors to offload shares, despite the central bank's pumping in another 6 trillion yen (USD 76 billion) into the quake-hit economy. ... read more
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EUR/USD Yen Aftershocks

posted by Avatar busybee 436 days ago in EUR

What we are seeing is an unwind of the carry trade. Back when everyone knew the UJ was going to remain weak against other currencies it was a popular trade among hedge funds to short the yen vs other pairs because the low interest rate (close to zero) ... read more
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GBP/USD gives away daily gains, dips to 1.6055

posted by Avatar busybee 437 days ago in USD made popular 437 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-Zone Inflation Stays High

posted by Avatar busybee 437 days ago in EUR made popular 437 days ago

The data are likely to heighten expectations the European Central Bank will soon raise its main interest rate from the record low of 1%, where it has been since May 2009. After the bank's last policy meeting March 3, ECB President Jean-Claude Trichet ... read more
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Yen remained the focus of world markets

posted by Avatar busybee 438 days ago in EUR, JPY made popular 438 days ago

... the Eurozone Industrial Production due to be released at 10:00 GMT and inflation numbers generally move the markets. Cable opened at 1.6096 last night in Asia which remained the high of the day as USD gained momentum and pushed GBP/USD lower. ... read more
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Key Market Movers This Week: Second Annual Spring EU Crisis, Ongoing Oil Price ...

posted by Avatar busybee 440 days ago in Commodities made popular 440 days ago

Rather it came from a fizzled attempt at a 'day of rage' in Saudi Arabia that eased concerns about oil production, sent oil prices lower, and risk assets like the EURUSD and other primary EUR currency pairs higher. This remained an equally potent ... read more
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Euro Stocks to Open Lower on Libya Unrest

posted by Avatar busybee 446 days ago in EUR made popular 446 days ago

His comments Thursday hinting that an interest rate hike could come as soon as April sent the euro sharply higher last week, but some economists expressed concern over the impact a rate hike might have on struggling peripheral economies. ... read more
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Who Traded The NFP Report?

posted by Avatar busybee 448 days ago in GBP, Economic Indicators made popular 448 days ago

In the GBP-USD this translated into a 20 pips trade. Not much, but relatively easy pips. Two or three trades like this can make for a good day, allowing to relax during the NFP release and enjoying the show. Have a great weekend! read more