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Euro rebounds from 2-month low against sterling

posted by Avatar portelo 366 days ago in EUR, GBP

EUR/GBP hit 0.8710 during European morning trade, the daily high; the pair subsequently consolidated at 0.8691, gaining 0.40%. The pair was likely to find support at 0.8631, Wednesday's low and a two-month low and resistance at 0.8751, the high of May ... read more
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USD/JPY down during Asian trade

posted by Avatar portelo 368 days ago in USD, Economic Indicators made popular 368 days ago

Forex Pros - The US Dollar was lower against the Japanese Yen on Wednesday after the release of Japanese data on Trade Balance. USD/JPY was trading at 81.94, down 0.01% at time of writing. The pair was likely to find support at 81.33, Monday's low, ... read more
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Market Notes: Asia markets Rally Regardless of Euro-Zone Debt Concerns

posted by Avatar portelo 368 days ago in EUR, CHF made popular 368 days ago

US Dollar showed downtrend versus its major rival currencies but appreciated versus JPY and CAD. Euro illustrated uptrend versus all major currencies except CHF and AUD (1 EUR = 1.4089 USD with the increase of +0.00290 or +0.206%). ... read more
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India Forex Advisors / Market Commentary /24_May_2011

posted by Avatar portelo 368 days ago in USD, EUR, AUD, Commodities made popular 368 days ago

AUD/USD: Australian Dollar is currently trading at 1.0543 levels. The Aussie is hardest hit down nearly 150 pips against dollar on concern of European debt crisis and fear of slowdown in China. Support is seen at 1.0552 levels (55 days daily EMA) and ... read more
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Euro Rallies into the Close

posted by Avatar portelo 375 days ago in EUR, Economic Indicators made popular 375 days ago

His replacement is former Goldman Sachs economist Ben Broadbent who maintains the view of holding UK interest rates at ultra-low levels until the economy gains traction. Q1 UK GDP expanded by only 0.5% following a Q4 contraction of -0.5%. GBP/USD ... read more
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Euro off 7-week lows, talk of M&A flows hurts yen

posted by Avatar portelo 375 days ago in EUR, AUD made popular 375 days ago

Meanwhile, sterling GBP=D4 jumped more than half a cent to a session high of $1.6305, after a higher-than-expected rise in UK consumer prices prompted speculation that UK interest rates would be hiked by year-end. [ID:nLDE74G0NS] The Australian dollar ... read more
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Asian Markets Subdued on US Mixed Signals

posted by Avatar portelo 380 days ago in USD, Economic Indicators made popular 380 days ago

South Korea's Kospi lost 0.5 percent to 2111.32 as the country's central bank left its key interest rate unchanged for a second straight month. Inflation eased in April to 4.2 percent from its highest level in more than two years but still remained ... read more
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Copper falls under weight of China slowdown fears

posted by Avatar portelo 381 days ago in all made popular 381 days ago

[USD/] [COM/WRAP] The Reuters/Jefferies CRB index .CRB, a broad measure of commodity performance, fell 2.5 percent, its biggest drop since the plunge in commodity markets on May 5. London Metal Exchange (LME) benchmark copper CMCU3 shed $210 or 2.4 ... read more
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Greek Debt Crisis and ECB Interest Rates Driving the Euro

posted by Avatar portelo 382 days ago in EUR made popular 382 days ago

The Federal Reserves is not expected to raise interest rates until mid-2012 while the ECB is forecasted to increase rates another 25 bps in July. The interest rate differential between Europe and the US should continue to support the euro. ... read more
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GBP/USD Technical Analysis 10 May 2011

posted by Avatar portelo 382 days ago in USD, EUR, JPY, GBP, AUD made popular 382 days ago

The value of the RSI indicator is neutral and declining, MACD is neutral and quiet, while CCI has thinly crossed down the 100 line on the 1 hour chart, giving overall light short signals. 5:30 GMT+1 Sell GBP/USD at 1.6398 SL 1.6424 TP 1.6338, ... read more
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Oil up over 2 bucks

posted by Avatar portelo 383 days ago in Commodities made popular 383 days ago

Gold ticking higher too, presently at $1504. Against this backdrop EUR/USD up at 1.4420. Talk Asian central banks been buying EUR/USD this morning. The opinions and analysis offered on Forexlive are for educational purposes only and clients and ... read more
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Aussie Weakens on Speculation RBA Will Delay any Rate Increase

posted by Avatar portelo 389 days ago in AUD made popular 389 days ago

By Candice Zachariahs May 3 (Bloomberg) -- The Australian dollar declined against most of its major counterparts after the central bank left interest rates on hold and traders bet policy makers will extend the pause till the third quarter. ... read more