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Euro, stocks fall on Greek contagion worries

posted by Avatar freshmint 344 days ago in EUR, Commodities made popular 344 days ago

We hope the euro will stabilize because it's very much correlated with crude." Gold edged lower with spot gold XAU= slipping to $1524.09 by 0901 GMT. The metal is heading for its second consecutive weekly drop. (Additional reporting Atul Prakash in ... read more
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Poland Worried about Strong Franc, but Mortgages Serviced Well

posted by Avatar freshmint 344 days ago in CHF

The exchange rate of the Swiss franc has gone up, but interest rateshave fallen significantly, he said in an interview with Polish Radio Friday. People were taking loans in the franc at variable ratesmore than 4% at the time, but now LIBOR is ... read more
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ASIA FX: US Dollar Mixed, Euro Edges Higher in Subdued Trade

posted by Avatar freshmint 355 days ago in EUR made popular 355 days ago

Widespread speculation of a further interest rate hike in China also fueled a worsening in risk sentiment and drove risk instruments lower, keeping the US dollar in favor, dealers said. In the latest story of its kind, the official Economic Information ... read more
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EU Morning Report- Australia's central bank keeps interest rates unchanged

posted by Avatar freshmint 359 days ago in USD, EUR, AUD, Economic Indicators made popular 359 days ago

Against the dollar, the euro rose to 1.4901 from 1.4762. Investors are focusing on the ECB interest rate decision released this week. Consumer Price Index surprised investors by revealing a 2.8% gain in April and speculators argue for further interest ... read more
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Stocks Rally, Yen Weakens

posted by Avatar freshmint 361 days ago in Commentary, Commodities made popular 360 days ago

Oil & Gold (XAU) range trading as $1540 contained the topside again. Overall trading with a low of USD$1532 and high of USD $1541 before ending the New York session at USD$1535 an ounce. Oil surged resuming the uptrend. WTI Oil Closed +2.10 at $102.70 ... read more
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Commerzbank's strategy on EUR/USD

posted by Avatar freshmint 362 days ago in EUR made popular 362 days ago

Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you ... read more
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Dollar Reversed, Swissy Made New Highs, More to Come on Both

posted by Avatar freshmint 363 days ago in CHF, NZD made popular 363 days ago

New Zealand dollar was boosted by news that China's state-owned wealth fund, the China Investment Corp, may invest NZD 6b of assets in the country, including government bonds, companies and even dairy farms. That would represent around 1.5% of China's ... read more
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Sterling and Spot Silver Make Gains

posted by Avatar freshmint 363 days ago in GBP made popular 363 days ago

By Russell Glaser A drop off in risk overnight -- fueled by rumors of a crack election in Greece -- faded as the day went on, but the euro continues to trade lower. Sterling was bid this morning, as was spot silver, with markets awaiting the release of ... read more
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AUD/USD Attempting to Break Out of a Declining Wedge

posted by Avatar freshmint 365 days ago in AUD made popular 365 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 trims gains on euro zone concerns

posted by Avatar freshmint 365 days ago in EUR, CHF made popular 365 days ago

The dollar hit a record low of 0.8534 francs on EBS, and was last down 1 percent at 0.8565 CHF=. Analysts said the franc was also boosted by a strong Swiss economy -- highlighted by a strong reading of the KOF economic indicator for May -- and the view ... read more
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US dollar drops against majors on weak economic outlook

posted by Avatar freshmint 365 days ago in USD, CHF

Sample EUR/USD was up 0.71 percent to trade at 1.4244, USD/JPY was down to trade at 81.02 and USD/CHF was down 0.8 percent to trade at 0.8578. The Commerce Department's second estimate for quarterly GDP growth was unrevised at up 1.8 percent annualized ... read more
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Scenarios: Euro could fall to $1.30 if Greece restructures debt

posted by Avatar freshmint 368 days ago in USD, EUR

At the same time, analysts argue all is not doom and gloom for the euro, thanks to ongoing signs of strength in core countries including Germany, and the prospect of higher interest rates which would reinforce the euro's rate advantage. ... read more