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Euro clings to gains but more obstacles lurk

posted by Avatar hanazawa 381 days ago in EUR made popular 381 days ago

But offers lined up at 81.20 yen were keeping the dollar's gains in check. Options traders are said to be saddled with gamma long positions at around 81 yen after dollar calls expiring on Monday with a strike price of 81 yen were traded on Tuesday, ... read more
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Swiss franc falls on tepid inflation data

posted by Avatar hanazawa 382 days ago in USD, CHF

... lows against the dollar and the euro on Tuesday after data showed Swiss CPI inflation rose 0.1 percent month-on-month in April, well below forecasts for a 0.6 percent rise. [ID:nZCH9GE78M] The dollar gained more than 50 pips to 0.8804 francs CHF=, ... read more
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9 Million Bicycles in Washington

posted by Avatar hanazawa 393 days ago in Commodities made popular 392 days ago

Metal prices in Australian dollar terms aren't matching the American's parabolic rise. Even the stock market is giving up the US's strong leads to a jumping Aussie dollar. Each time you think the ASX200 will go up, the AUD rises instead. ... read more
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Swiss franc hits record high vs weak dollar

posted by Avatar hanazawa 393 days ago in all

The dollar fell 0.75 percent to 0.8663 francs CHF= on the EBS trading platform to drop below its previous low of 0.8669 francs, with volatility likely exacerbated by holiday-thinned trade. SNB Chairman Philipp Hildebrand earlier said inflationary risks ... read more
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USD/JPY Daily Fundamental Analysis for April 28, 2011

posted by Avatar hanazawa 394 days ago in USD made popular 394 days ago

Japan's retail sales for March dropped to its lowest level in 13 years due to the quake that struck Japan on March 11, which reduce demand for JPY opening the door for some gains for the USD/JPY pair. The Fed is expected to leave the benchmark interest ... read more
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Germany's State of Saxony Says Inflation Accelerated in April

posted by Avatar hanazawa 395 days ago in USD, EUR made popular 395 days ago

Factory orders and industrial production jumped more than economists expected in February and unemployment fell for the 21st straight month in March, pushing the jobless rate to 7.1 percent, the lowest since June 1992. Still, consumer confidence will ... read more
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US Dollar trades easier in Europe

posted by Avatar hanazawa 397 days ago in EUR made popular 397 days ago

"I doubt there's much dollar carry-trade out there but when market players are eager to take risk, they tend to look to interest rate gaps on speculation that the dollar could be used as a funding currency," said Kimihiko Tomita, the head of foreign ... read more
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GBP/USD weekly outlook: April 25-29

posted by Avatar hanazawa 398 days ago in USD

His comments add to signs that the momentum for raising rates has stalled after a batch of weak economic data and a surprise drop in inflation in March. Earlier in the week, Standard & Poor's warned the US government that it risked losing its AAA ... read more
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Dollar succumbs to weight of debt, loose Fed policy

posted by Avatar hanazawa 401 days ago in all made popular 401 days ago

The US dollar tumbled for the third straight day on Thursday, as super-low interest rates and the crushing weight of a massive budget deficit pushed the greenback closer to an all-time low. ... read more
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USD under Heavy Selling Pressure

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

AUD/JPY is within striking distance of the Y90 level and could continue higher if broken. Overall the AUD/USD traded with a low of 1.0450 and a high of 1.0551 before closing the day at 1.0526 in the New York session. Oil & Gold (XAU) another day of ... read more
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Wall Street ends higher; CAD, the best performer

posted by Avatar hanazawa 403 days ago in CAD, Commodities made popular 403 days ago

Gold hit a fresh record high at $1500 but so far it was unable to rally above. The value of the ounce has risen $50 in the last five trading days. Greenback finished with mix results in the market. The EUR/USD recovered and rose back above 1.4300, ... read more
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GBP/USD update (14th Apr 2011, 11:30)

posted by Avatar hanazawa 408 days ago in USD, Economic Indicators made popular 408 days ago

Jobless claims and PPI data out this afternoon (1.30pm London time) in the US will provide some direction for GBP/USD, with short term gains for the US dollar possible if unemployment continues to fall and inflation in the US gains strength. read more