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Dollar hovers near 3-week high on commodity falls

posted by Avatar butterscotch 380 days ago in all made popular 380 days ago

... and also worry about signs of a cooling Chinese economy. "We are seeing a closing of short dollar positions related to an unwinding of long commodity trades," said Niels Christensen, currency strategist at Nordea in Copenhagen. "The euro zone ... read more
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Yen May Retest Record High on Quake Risk Aversion, JPMorgan Says

posted by Avatar butterscotch 382 days ago in JPY made popular 382 days ago

The recent dollar-yen exchange rates have been derived from dollar weakness rather than yen strength, Tanase said. Interest rates in the US must be much higher than those in Japan to stabilize the dollar-yen rate. It is abnormal that these two ... read more
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GBP/USD weekly outlook: May 9-13

posted by Avatar butterscotch 384 days ago in USD, GBP

The data which came after a series of soft data releases on housing, services and construction added to evidence of a fragile UK economic recovery with markets now not fully pricing in a BoE rate hike until December at the earliest. ... read more
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Sterling rises, gilts fall after UK Q1 GDP data

posted by Avatar butterscotch 395 days ago in all made popular 395 days ago

Sterling rose to session highs against the dollar and euro on Wednesday, while gilts fell after data showed the UK economy grew by 0.5 percent in the first quarter, in line with expectations. [ID:nAHLQFE7G8] Traders said ... read more
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ECB FOCUS-Greek restructuring could slow pace of rate hikes

posted by Avatar butterscotch 403 days ago in EUR made popular 403 days ago

The ECB raised euro zone interest rates by a quarter of a percent to 1.25 percent earlier this month, ending almost two years of record-low rates, and ECB policymakers have mostly talked tough on the need for further hikes. [ID:nLDE73H1B3] They are ... read more
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Eurozone Inflation Rises More Than Initially Estimated

posted by Avatar butterscotch 407 days ago in USD, EUR made popular 407 days ago

On the other hand, inflation eased modestly to 3.3 percent in Spain from 3.4 percent in the previous month. A separate data from the statistical office showed that Eurozone's trade deficit narrowed to EUR 1.5 billion in February from EUR 15.6 billion ... read more
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EUR/JPY: Sharp spike up after support level holds

posted by Avatar butterscotch 409 days ago in EUR, CHF made popular 409 days ago

Putting aside both the oil dynamic (and... fxgai: I agree, I see the weakness in JPY crosses this week as hopefully opening a window of opportunity to get long(er) soon. I want to buy a crazy looking spike... neal: Sean, I've been trading the CHF/JPY ... read more
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10 Crude Oil Price Drivers

posted by Avatar butterscotch 410 days ago in USD, Commodities made popular 410 days ago

The major component of the US dollar index's fortunes is the Euro-USD pair, and as the chart shows, the contract broke out beyond key long term declining resistance. However, the extreme USD bearishness readings remain a contrarian warning sign and we ... read more
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Canadian Dollar Slightly Off Recent Losses Versus Majors

posted by Avatar butterscotch 410 days ago in USD, CAD made popular 410 days ago

The Canadian dollar slightly off recent downward trading against major opponents during New York afternoon trading on Tuesday. At present, the loonie is trading near 87.12 against the Japanese yen, 0.9624 versus the US dollar, ... read more
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All That Glitters Is Silver

posted by Avatar butterscotch 423 days ago in CAD made popular 423 days ago

V:ASL) optioned Soltoro's Coyote and Victoria silver-gold properties in a past-producing silver district near Jalisco, Mexico. Argentum paid CAD$255000 in cash and 5 million shares. Soltoro kept a 3% net smelter royalty on any future production from ... read more
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BP, banks pull FTSE lower, GDP, earnings support

posted by Avatar butterscotch 424 days ago in all

HK] Sterling report: [GBP/] Dollar report: [USD/] * For company prices, click on - * Company directory: UKEF By sector: FTAX * For market commentary, click on [BREAKINGVIEWS] * For pan-European market data and news, click on - * Daily European stocks ... read more
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Foreign exchange: Euro Dollar rate fails to capitalise

posted by Avatar butterscotch 424 days ago in EUR made popular 424 days ago

"The dollar failed to capitalise on some unexpectedly strong growth in its monthly pending home sales and consumer spending data , as Trichet reasserted the need for a rate hike next week to combat durably above target inflation levels," says foreign ... read more