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Weekly Summary on USD, EUR, GBP, JPY, AUD, CAD, MXN and RMB

posted by Avatar Tottie 61 days ago in USD, EUR, GBP, CAD, AUD, Commodities

USD - The USD begins the week lower against a number of its major counterparts as investors take dovish commentary from Chairman Bernanke as a signal that the FED favors further measures to stimulate the economy. In an address to the National ... read more
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GBP/USD Recovers From Yesterday's Losses

posted by Avatar Tottie 64 days ago in USD, EUR, CAD, AUD made popular 64 days ago

On Thursday Pound/Dollar decreased sharply with 130 pips. The Cable depreciated from 1.5893 to 1.5763 yesterday, in converse with the positive Interbank sentiment at above +45%, closing the day at 1.5813. Today the British Pound is recovering, ... read more
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NZD slips against euro and USD

posted by Avatar Tottie 66 days ago in NZD made popular 66 days ago

CURRENCY: A further lowering of the topside cap for the NZD is likely again today despite a relatively positive Q4 GDP release expected today. Demand for the NZD is positioned under 0.81USD at this point. RATES: A quiet UK session overnight with few ... read more
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Dollar Near 6-Month High Against Yen on Economy; Euro Holds Gain on Greece

posted by Avatar Tottie 95 days ago in USD, EUR, JPY, CAD, AUD, NZD made popular 95 days ago

The Bank of Japan increased its asset-purchase fund to 30 trillion yen last week. The stronger the US economy, the stronger the sense that the interest-rate story will turn around and some of the strength in the yen relative to the US dollar starts to ... read more
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Apache Corp. to pump USD 1 bln into Egypt in ''13

posted by Avatar Tottie 97 days ago in USD, Commodities made popular 97 days ago

CAIRO, Feb 19 (KUNA) -- The American oil and gas producer Apache Corporation has reached an agreement with Egypt to expand its oil and gas investments in the North African country in 2013 by USD 1 billion, Minister of Oil Abdullah Ghorab unveiled ... read more
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Currency Index & Volatility

posted by Avatar Tottie 115 days ago in Economic Indicators

US data presently does not indicate robust recovery (eg US Pending Home Sales dropped by 3.5%), implying the need for stimulus to heal the economy. Closer to the end of the trading week government officials succeeded to some extent at convincing ... read more
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German retail sales unexpectedly fall in December

posted by Avatar Tottie 116 days ago in all made popular 116 days ago

"Typically, at year end, retail sales get underreported a lot and usually revised up significantly," he said. Germany's export-driven economy recovered quickly from the 2008/09 financial crisis, but the outlook has darkened as euro zone debt worries ... read more
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US wheat firm on output concerns; corn, soy dip

posted by Avatar Tottie 118 days ago in USD, EUR, AUD made popular 118 days ago

The US Department of Agriculture on Friday said exporters sold 133200 tonnes of US wheat to an unknown destination as well as 170200 tonnes of US corn to Mexico. Traders expect Russia, which has dominated global wheat export trade this year, ... read more
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Parametric Technology's CEO Discusses Q1 2012 Results - Earnings Call Transcript

posted by Avatar Tottie 121 days ago in CAD made popular 121 days ago

In 2009, after I became president, we created several business units to focus on some of the new opportunities that we felt were adjacent to the core businesses of CAD and PLM. And of course, in the core businesses, we continue to operate with a ... read more
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USD/CAD higher as Greece talks dominate

posted by Avatar Tottie 123 days ago in CAD

The Canadian dollar shrugged off data showing that core retail sales rose more-than-expected in November, ticking up 0.3% after a 0.6% rise the previous month. Analysts had expected core retail sales to rise 0.2% in November. read more
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EUR/USD up, risk-on trade up

posted by Avatar Tottie 127 days ago in EUR made popular 127 days ago

At the moment EUR/USD is up 0.135 at 1.2978, with resistance levels waiting at 1.3084 (high Dec.27), ahead of 1.3120 (high Dec.22) then 1.3177 (MA55d) and 1.3199 (high Dec.21). On the downside, a breach of 1.2875 (intraday support) would expose 1.2837 ... read more
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FX EUR/JPY: In focus, mega-stops tipped sub-97.00 on options

posted by Avatar Tottie 132 days ago in EUR made popular 132 days ago

Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your ... read more