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Near absent U.S. inflation cools rate-hike talk

posted by megumi 827 days ago in USD, Inflation

The first hint of deflation in a quarter century means higher interest rates for most borrowers and savers are likely still months away – in spite of the U.S. Federal Reserve's surprise move Thursday to charge banks more for emergency loans.

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EURUSD Negative Trend Remains

posted by megumi 827 days ago in USD, EUR made popular 827 days ago

Sharp movement downside confirmed bearish side control of current situation. While trend line is not broken, selling options below support level still remain. However at the moment, short term upswings are expected.

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UK Inflation Smashes Through 3%, Hits 3.5%

posted by megumi 830 days ago in GBP, Inflation made popular 830 days ago

The inflation mega-trend continues to forcefully manifest itself in the continuing surge higher of UK Inflation as measured by the Consumer Price Index (CPI) which soared from 2.9% to 3.5% for January data. Inflation his virtually doubled in a li

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Euro drops as EU ministers discuss Greece

posted by megumi 831 days ago in USD, EUR, Trade

The euro fell against the dollar on Monday as ministers met in Brussels for keenly-awaited talks on what to do about Greece's debt troubles and the eurozone's worst financial crisis.

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The outlook for EUR and Greece remains cloudy

posted by megumi 832 days ago in EUR, Daily made popular 832 days ago

This article from David Goldman revisits many of the issues which has traders becoming increasingly bearish about a EUR future with Greece included.

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USD/JPY May Be a Mystery, But…

posted by megumi 834 days ago in USD, JPY made popular 834 days ago

It is supposedly the mystery currency, and I wouldn’t call myself an expert. One thing I can count on though in this whipping boy of a pair are it’s trend channels. Currently the uppermost line comes in at 90.25 and if that doesn’t hold I’m seein

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Copper rallies on weak dollar, but outlook unclear

posted by megumi 835 days ago in USD, Metals, Trade made popular 835 days ago

U.S. copper futures closed higher on
Tuesday, briefly crossing the $3 per lb mark, on the back of a weaker
dollar, but debt default fears in Europe and expected lower demand in China
could still drag prices down.

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Yen, USD Fall After Australia Adds More Jobs Than Forecast

posted by megumi 836 days ago in USD, JPY made popular 836 days ago

The yen and dollar weakened after an Australian report showed the nation added more jobs last month than economists predicted, spurring demand for higher-yielding assets.

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Gold climbs towards $1,070/oz as dollar slips

posted by megumi 837 days ago in USD, Gold, Metals

Gold prices rose in Europe on Tuesday as the dollar weakened versus the euro amid speculation a rescue plan for struggling Greece may be arranged soon, enhancing the precious metal’s appeal as an alternative asset.

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Euro takes a breather in Asia

posted by megumi 838 days ago in EUR, Trade

The euro hovered above an eight-month low in Asian trade yesterday after eurozone finance chiefs reassured their Group of Seven counterparts over Greece's deepening debt troubles, dealers said.

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Weekly Commodity Market Recap: Cotton

posted by megumi 838 days ago in USD, Fundamental, Agriculture made popular 838 days ago

After again largely ignoring fundamentals internal to the cotton market, cotton futures prices retreated for the fifth straight week, succumbing to the overarching bearish influence of a stronger dollar. The Nearby price on the ICE Futures U.S. e

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Gold Falls to 3-Month Low as Dollar Gain Damps Metal Demand

posted by megumi 839 days ago in USD, Gold, Metals

Gold futures fell to a three-month low in New York as the dollar’s rally reduced demand for the precious metal as an alternative investment.

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