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Greek aid delay hits stocks, euro, commodities

posted by Avatar eriathwen 341 days ago in EUR made popular 341 days ago

Yields on safer US Treasuries and German Bunds slipped and gold prices held steady at above $1530 an ounce. Euro zone finance ministers at the weekend postponed a final decision on extending a further 12 billion euros in emergency loans to Greece, ... read more
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EUR/USD traded sharply higher last week

posted by Avatar eriathwen 342 days ago in EUR, AUD made popular 342 days ago

AUD/USD gained ground last week as commodity prices including the price of gold firmed. Monday The pair began the week on a firm note in the absence of any significant economic data out of either Australia or the United States. ... read more
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Oil rebounds $1.10 from lows; euro follows

posted by Avatar eriathwen 344 days ago in Commodities made popular 344 days ago

It's all oil this afternoon. We've bounced more than a dollar from the lows and EUR/USD has bounced right along with it, back up to 1.4325 on this last run. As noted earlier, fresh position-taking is limited this afternoon with most engaged in book ... read more
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Lack of Agreement Triggers EUR Weakness

posted by Avatar eriathwen 345 days ago in EUR, CHF made popular 345 days ago

As for tightening, the slight dip in Q1 GDP, combined with a rapidly appreciating CHF and baseline inflation reading will keep the SNB sidelined. In fact, the SNB is swimming in dangerous water with few tools really at their disposal. ... read more
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GBP opened at 1.6175

posted by Avatar eriathwen 346 days ago in GBP, NZD made popular 346 days ago

With mounting political tensions in Greece and a distinct lack of mutual agreement the EURO is set to remain volatile in short-term opening this morning at a rate of 1.4173 NZD: Westpac Consumer Sentiment, Business NZ Manufacturing Index, ... read more
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MNI Competition for May CPI, IP Tallied; 503K Seen for Starts

posted by Avatar eriathwen 346 days ago in CAD made popular 346 days ago

BEN: Any reason why $CAD blast thru the roof? Regards. B. Ryan: I know Jamie. I am without words as to why USD/JPY is going up while everything else is going down. Makes no dam sense this market never does. Only... read more
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UK claimant count change up significantly more-than-expected

posted by Avatar eriathwen 346 days ago in GBP made popular 346 days ago

Meanwhile, the rate of unemployment held steady in April at 7.7%, broadly in line with expectations. The report also said that the average earnings index rose less-than-expected in April, climbing by a seasonally adjusted 1.8%, below expectations for a ... read more
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Pound Weakens Versus Euro Before Bank of England, ECB Decisions

posted by Avatar eriathwen 352 days ago in EUR, GBP

None of the 55 analysts surveyed by Bloomberg predict that the Bank of England will change its benchmark interest rate today. The ECB is likely to press on with raising rates, said Ken Wattret, chief euro- region economist at BNP Paribas SA in London ... read more
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USD/CAD down in US trade

posted by Avatar eriathwen 354 days ago in EUR, CAD made popular 354 days ago

Meanwhile, the US Dollar was down against the Euro and the British Pound, with EUR/USD gaining 0.79% to hit 1.4692 and GBP/USD rising 0.59% to hit 1.6453. Forex Pros offers a diverse set of professional tools for Forex, Futures and CFDs. ... read more
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Euro Rises to Month High Versus Dollar on Optimism EU Will Support Greece

posted by Avatar eriathwen 356 days ago in USD, EUR

The dollar traded 0.3 percent from a one-month low versus the yen as signs of moderating US growth add to the case for the Federal Reserve to keep interest rates near zero. The turning point was Greece, and we can suggest Greece is out of the way for ... read more
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European Crisis, Softening U.S. Data: A Case of Economic Whiplash

posted by Avatar eriathwen 356 days ago in EUR

I think there will be new politicians with different mandates as it becomes clear that the costs of the bailout are going to fall on the tax backs of the solvent countries and that austerity is going to mean hellishly bad deflation, high and rising ... read more
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Euro Rises Despite Greece Downgrade

posted by Avatar eriathwen 359 days ago in EUR made popular 359 days ago

The US economy is expected to post important unemployment and productivity data. The falling value of dollar suggests traders are not too optimistic about the strength of these numbers. Traders who believe the euro will find strength in bad results of ... read more