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Sterling slips before UK manufacturing PMI data

posted by Avatar forexanalysis 389 days ago in USD, GBP, CAD, Economic Indicators

Data last week showed the UK economy made only a sluggish start to 2011, and the PMI will probably strengthen the view that the Bank of England will wait until the autumn at the earliest to raise interest rates. "The market is expecting a modest dip in ... read more
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Gold, Silver Trades Appear Extended

posted by Avatar forexanalysis 394 days ago in USD, GBP, AUD, Commodities made popular 394 days ago

For those traders not willing to risk taking delivery of a futures contract barrel of oil, or for those unwilling to be restricted by the US0 exchange traded fund 9:30 AM to 4 PM hours of trade, an alternative play would be a short an Aud/Usd Forex ... read more
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Kobe Steel announces FY 2010 business segments results

posted by Avatar forexanalysis 394 days ago in JPY made popular 394 days ago

As a result, segment sales increased 13.2%, compared with the previous year, to JPY 840.3 billion. In addition to the above conditions, due to considerable improvement in inventory valuation, ordinary income increased JPY 48.4 billion, compared with ... read more
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JAPAN DATA: Revised coincident and leading index the.

posted by Avatar forexanalysis 402 days ago in AUD made popular 401 days ago

Jamal: still the problems in north africa & mideast make the price of oil goes higher & not let it go down, same about silver & gold going up, all that is... Richard: Hey Sean, Do you have any insight as to what would happen to the AUD/USD pair or for ... read more
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Oil regains upward trend as dollar plummets

posted by Avatar forexanalysis 402 days ago in USD, Commodities

The US Dollar Index (USD against a basket of six major currencies) has now solidly breached this year's low and is quickly approaching the lows made back in December of 2009. The falling dollar is very supportive for oil prices as well as the broader ... read more
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GBP/USD's ACB Correction Scenario

posted by Avatar forexanalysis 404 days ago in USD made popular 404 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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Swiss ZEW economic expectations improve significantly in April

posted by Avatar forexanalysis 408 days ago in CHF made popular 408 days ago

It's a leading indicator of business conditions and economic health. A higher than expected reading should be taken as positive/bullish for the CHF, while a lower than expected reading should be taken as negative/bearish for the CHF. read more
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Yen, Cross-Pair Valuations Tested: A Look at Carry Trading

posted by Avatar forexanalysis 410 days ago in USD, JPY made popular 410 days ago

The strength of the yen's move can be seen in the USD/JPY cross pair, that hit a high of 124.00 in June 2007 (USD strength), to a low of 76.00 in March 2011 (USD weakness). Since March 2006, the Bank of Japan overnight interest rate has moved from 0.0% ... read more
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European Stocks, US Index Futures Drop; BHP Billiton Retreat

posted by Avatar forexanalysis 410 days ago in EUR, GBP made popular 410 days ago

The British Retail Consortium said UK retail sales dropped by a record in March. Accelerating inflation squeezed households' finances and concern that employers will cut jobs prompted people to hold back spending, the trade body said. ... read more
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Dollar and Yen Fell on Divergence Global Monetary Policies

posted by Avatar forexanalysis 412 days ago in USD, EUR, JPY, CAD, AUD, Commodities, Economic Indicators made popular 412 days ago

As expected, the ECB lifted the main refinancing rate by +25 bps to 1.25% at last week's meeting. This was the first rate hike since July 2008 as the central bank felt obliged to combat inflation. However, the central bank left the interest rate ... read more
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EUR/USD very marginally firmer in Asian trade

posted by Avatar forexanalysis 422 days ago in EUR, JPY made popular 421 days ago

The move (if that's really the right word) comes on the back of decent EUR/JPY cross buying as the Japanese yen sees across the board weakness. EUR/JPY has advanced to 118.45 at writing from North American close down around 117.80. ... read more
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ASIA FX: US Dlr Gains on Fed View, Tech Resist Vs Yen Fails

posted by Avatar forexanalysis 422 days ago in USD made popular 422 days ago

Last night, the dollar saw a late session lift from a Wall Street Journal headline, quoting Minneapolis Federal Reserve President Narayana Kocherlakota, who stated that higher short-term interest rates (perhaps even a rise of 75 basis points) were ... read more