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USD/CHF: Upside, capped at 0.8850

posted by Avatar fxcashmonster 396 days ago in CHF made popular 396 days ago

Dollar recovery attempt from 0.8770, all time low hit yesterday, has been capped at 0.8850 resistance area during Asian session, and the pair has pulled lower after the release of Swiss trade data, retreating to 0.8815 area. ... read more
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EUR Trading Mildly Lower on Italian Retail Sales

posted by Avatar fxcashmonster 400 days ago in EUR made popular 400 days ago

However, today's muted rise of 0.1% growth in Italian retail sales has apparently helped push down on the EUR's recent decline. Few analysts expect the euro to take a dive next week. Most view the US dollar's rise an over-extension of safety bets taken ... read more
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Euro extends Gains on ECB Rate Hike

posted by Avatar fxcashmonster 402 days ago in USD, EUR, JPY, CAD, AUD, Commodities

The GBP moved higher but was slightly behind other majors with traders buying Euro and AUD before the Pound. The BOE held at 0.5% and the Asset purchase facility at 200bn. March PPI increased to 3.7% m/m and suggest inflation will continue to be a ... read more
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Evidence suggests banks have been tighter lenders north of the border

posted by Avatar fxcashmonster 403 days ago in GBP made popular 403 days ago

The pre-tax loss in AIB in 2010 was EUR 12bn (or nearly Pounds 14bn). The comparable loss in First Trust was Pounds 680m. This partial evidence is consistent with a conclusion that lending in Northern Ireland has been tighter than south of the border. read more
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USD/JPY closed higher on Wednesday

posted by Avatar fxcashmonster 409 days ago in USD, Commodities made popular 408 days ago

Gold closed higher on Wednesday and above March's high crossing. The mid-range close sets the stage for a steady to higher opening on Thursday. Stochastics and the RSI remain bullish signalling that sideways to higher prices are possible near-term. ... read more
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EUR/USD Talk of big stops below 1.4370

posted by Avatar fxcashmonster 410 days ago in EUR made popular 410 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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Yen gains sharply on profit-taking in bets against it

posted by Avatar fxcashmonster 411 days ago in JPY, AUD made popular 411 days ago

The Australian dollar eased to 87.27 yen , having scaled a high of 90.04, its strongest since September 2008 hit on Monday. "Aftershocks in Japan hampered overall risk sentiment helping JPY to be the top performer overnight, even amid reports that the ... read more
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Forexpros.com Daily Analysis - 07/04/2011

posted by Avatar fxcashmonster 415 days ago in USD, EUR, JPY, AUD, Commodities

In this case, we believe top will be placed on Eur/usd for some time, because large investors/institutions will cover their Euro Longs, which will likely provide a larger Euro fall. On the other hand, a rate increase should be good for the Euro (from a ... read more
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US Dollar Touches A Five-Month Low Versus Euro (UUP)

posted by Avatar fxcashmonster 418 days ago in USD, EUR made popular 418 days ago

By Scott Rubin The US Dollar fell for a fifth straight day on Monday, although the greenback has been strengthening a little in afternoon trade, with the PowerShares DB US Dollar Index Bullish ETF (NYSE: UUP) making it back to positive territory, ... read more
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A Test For the Euro.

posted by Avatar fxcashmonster 419 days ago in EUR made popular 419 days ago

General expectation is for a hike of 0.25%, to 1.25%, which is expected to be the first in a cycle of rising interest rates. In fact, by some accounts, a full 1% increase is already priced in, particularly in the EUR-USD. We shall see if any of this ... read more
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EUR/USD doesn't hold gains above Fibo

posted by Avatar fxcashmonster 425 days ago in EUR made popular 425 days ago

Became too large a part of the economy during the bubblewill be too... Andres: Still weak right Jamie? Barely does anything to Jans numbers. Jamie Coleman: Doesn't matter what I think, it matters what the market has priced inall depends on what ... read more
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Sterling hits 5-mth low vs euro; growth worries weigh

posted by Avatar fxcashmonster 425 days ago in USD, EUR, GBP made popular 425 days ago

"There is a sense that the UK economy is going through a ropey phase and selling in sterling has been very steady since it hit $1.64 last week," said Michael Derks, currency strategist at FXPro. Sterling GBP=D4 was down 0.4 percent at $1.5978, ... read more