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Choppy, nervy start to European trade

posted by Avatar chloegurl 383 days ago in EUR made popular 383 days ago

Seems to be a lot of indecision about this morning, reflected by the very choppy price action we're seeing in early European trade. EUR/USD sits at 1.4402, marginally firmer on the day amid reports of real money buying. Sell orders said to be clustered ... read more
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Interest rates will have to rise, warns Reserve Bank of Australia

posted by Avatar chloegurl 387 days ago in AUD made popular 387 days ago

The latter forecast is a technical assumption based on market pricing for the cash rate over the period, the RBA said. The forecasts factor in the higher Australian dollar and the disinflationary impact of the exchange rate's recent appreciation, ... read more
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Risk markets fell further, US data providing fodder for the bears

posted by Avatar chloegurl 388 days ago in USD, NZD

AUD fell from the Sydney close of 1.0850 to 1.0739. NZD underperformed all the majors, slipping further to 0.7866. AUD/NZD rose to 1.3705 before risk aversion dragged it back below 1.3600. US ISM non-manufacturing plunged from 57.3 to 52.8 in April, ... read more
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WORLD FOREX: Euro, Pound Drift Higher Amid General Dollar Weakness

posted by Avatar chloegurl 397 days ago in EUR, CHF

The dollar was at CHF 0.8817 from CHF0.8860. The ICE Dollar Index, which tracks the US dollar against a trade-weighted basket of currencies, was at 73.943 from about 74.091. Natasha Brereton in Singapore contributed to this report. read more
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Daily Forex Summary on USD, Euro, GBP, JPY, AUD, CAD and NZD

posted by Avatar chloegurl 402 days ago in USD, EUR, JPY, CAD, AUD, NZD, Commodities made popular 402 days ago

This prompted investors to bet on interest rate hike by as early as this summer. However, it was the AUD that posted the biggest gains, surging by nearly 1.5% against the USD on signs that the global economic recovery is gathering momentum. ... read more
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Exports post highest ever growth in 2010-11

posted by Avatar chloegurl 403 days ago in CAD made popular 403 days ago

He also said the trade deficit for financial year 2010-2011 was expected to end within the range of $105-110 billion. According to initial numbers, the trade deficit stood at $104.4 billion. The numbers indicate the current account deficit (CAD) is ... read more
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Majors settle ahead of the European opening

posted by Avatar chloegurl 403 days ago in EUR, CHF made popular 403 days ago

USD/CHF holds steady around 0.8960, just where it started the day. AUD/USD weakened after the RBA latest minutes were published, although it held no surprises but the language was less hawkish. The cross is 0.44% lower in the day, near session's lows, ... read more
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Japan's 10-Year Bond Yields at 2-Week Low on Global Stock Slump

posted by Avatar chloegurl 404 days ago in JPY made popular 404 days ago

The S&P announcement and Greek problems could trigger some liquidation of Japanese holdings of overseas bonds and could help JGBs rally today, said Christian Carrillo, head of Asia-Pacific interest-rate strategy at Societe Generale in Tokyo, ... read more
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AUD/USD weekly outlook: April 18-22

posted by Avatar chloegurl 405 days ago in AUD

Official data released Friday showed that China's economy grew by 9.7% in the first quarter, surpassing expectations for growth of 9.5%. Industrial production in the quarter jumped 14.8%, exceeding expectations for a 14.1% increase. ... read more
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Economic survey by Credit Suisse in cooperation with the Centre for European ...

posted by Avatar chloegurl 408 days ago in EUR made popular 408 days ago

Expectations regarding inflation and interest rates increased anew in April. The indicator for the inflation outlook climbed by 8.7 points, and in the interim 76.5% of the financial market experts surveyed forecast an advancing inflation rate on a ... read more
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C$ hits 3-year high after US jobs data

posted by Avatar chloegurl 421 days ago in all made popular 421 days ago

The Canadian dollar rose to a three-year high on Friday after a strong US jobs report. The currency CAD=D4 touched C$0.9660 to the US dollar, or $1.0352, shortly after the US non-farm payrolls data was released. ... read more
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USD/JPY, AUD/JPY Flows: Fix 83.48, USD/JPY 6-wk high; AUD/JPY 11-m ...

posted by Avatar chloegurl 422 days ago in AUD made popular 422 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