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IMF seeks $600 bln in new funds, G20 to discuss

posted by Avatar busybee 129 days ago in all made popular 128 days ago

Bank of Canada Governor Mark Carney said it was not clear European governments had done everything necessary to make sure they could fund themselves at sustainable interest rates over the next few years. "If it makes sense to enhance the resources of ... read more
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USD: Further Strength Expected

posted by Avatar busybee 130 days ago in USD

NEW YORK (fxtechstrategy.com) -- With the Australian dollar-dollar currency pair rallying through its key resistance at 1.0378/1.0384 in early trading Tuesday, further strength is expected toward 1.0444, its Nov. 3 high. AUD-USD has been strengthening ... read more
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USD/CHF falls below 0.9500

posted by Avatar busybee 130 days ago in CHF

You must be aware of the risks of investing in forex, futures, and options and be willing to accept them in order to trade in these markets. Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with ... read more
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AUD/NZD sees intense selling in early trading

posted by Avatar busybee 132 days ago in NZD

In a report from earlier last week, the team of research at Westpac commented: "Expectations of more aggressive easing from part of the RBA than the RBNZ and a gloomy global economy will probably help to weaken the pair in the coming weeks. ... read more
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Analysis

posted by Avatar busybee 137 days ago in CHF

USD/CHF is back above 0.9500. However we see resistance at 0.9524 (21-DMA) and if this breaks we might test 0.9600. Cable did not go above 1.5500 and might now test 1.5400-5380. The STOXX50 closed at 2347 which was up 61.02pts) In the US, Dow closed up ... read more
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Shares, euro rise despite Europe worries

posted by Avatar busybee 137 days ago in EUR

University graduates do not address SA's employment needs and grants and affirmative action dampen desire to work in the country, says a labour analyst. Over 100 000 new jobs were created in December 2011, with temporary work growing the fastest, ... read more
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Aussie Drops Amid Europe Concern Before Merkel, Sarkozy Meeting

posted by Avatar busybee 139 days ago in EUR, AUD made popular 139 days ago

Traders are speculating that Australia's central bank will lower its benchmark interest rate from the current level of 4.25 percent. Cash rate futures indicate the key rate will fall 0.75 percentage point by May. Australia will continue to be ... read more
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USD/CAD Forecast Jan. 6, 2012, Fundamental Analysis

posted by Avatar busybee 142 days ago in CAD made popular 142 days ago

Fears started growing this week that euro zone leaders might fail to find a comprehensive solution to the debt crisis which could drag the region into a deep recession and infect the global economy especially after Greece warned it might exit the euro ... read more
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Housing prices in Helsinki are getting out of hand

posted by Avatar busybee 142 days ago in Economic Indicators made popular 142 days ago

In recent years far too few properties have been built for the rental market, admits Minister of Housing and Communications Krista Kiuru (SDP). The government has therefore decided to allocate borrowing powers worth EUR 1025 million to finance ... read more
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Gold has resistance at Rs 28000: Emkay

posted by Avatar busybee 145 days ago in Commodities made popular 145 days ago

This was the eleventh consecutive gain for gold prices. Gold posted a gain of 10% for 2011, its smallest annual rise in three years. It remains down 18% from a record USD 1920.30 set in September, and finished the fourth quarter with its first ... read more
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Euro slides after Italian bond auction falls short of target

posted by Avatar busybee 149 days ago in EUR

The euro fell and stock markets remained cautious after Italian borrowing costs slipped from recent record highs in a debt sale but investors still demanded a near "unsustainable" interest rate to hold the ailing eurozone nation's 10-year bonds. ... read more
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USD/JPY limited below 78.00

posted by Avatar busybee 150 days ago in USD, JPY

USD/JPY traded a broad range between 77.55/78.05 on Wednesday, ending the day higher on strong dollar demand, around 10 pips above its staring price. "The pair holds a clear bullish tone in the hourly chart, with indicators ... read more