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Australia jobless rate falls to 5.2 percent in May

posted by erzon 716 days ago in AUD, Employment made popular 716 days ago

Australia's jobless rate fell to 5.2 percent in May as full time employment increased for the ninth straight month, evidence of a rapid rebound from the global downturn that could pressure the central bank to keep raising interest rates.

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Euro Ministers Fix Terms For Emergency Loan Pact

posted by erzon 719 days ago in EUR made popular 719 days ago

Euro-zone finance ministers were on Monday fixing terms of access to 440 billion euros in emergency government loans and negotiating new rules for cross-border governance anchored in tough penalties.

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Gold prices dip on euro's slight rise

posted by erzon 724 days ago in EUR, Gold made popular 723 days ago

Gold took a pause from its recent run-up Wednesday as the euro strengthened.Investors are pulling money out of gold as the euro bounces off of a four-year low. Investors see gold as a safe alternative to the European common currency, which has be

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AUD Near One-Year Low Versus Canada’s on Rates

posted by erzon 724 days ago in AUD, Inflation made popular 724 days ago

The Australian dollar traded near its lowest since 2009 against Canada’s currency on speculation its central bank will lag behind policy makers in the North American nation in raising interest rates.

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Australia’s rate stays on hold

posted by erzon 725 days ago in AUD, Inflation made popular 725 days ago

AUSTRALIA’S central bank yesterday chose to keep interest rates on hold at 4.5 per cent and indicated that rates could remain steady over the next few months.

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3 Easiest Ways to Become a Successful Forex Swing Trader

posted by erzon 726 days ago in Special, Trading Psychology made popular 726 days ago

What is forex swing trading? In a simple definition, this is just a way in which a forex market moves in a swing or,say, zigzag manner over a period of time. It is placing a trade in a major support and resistance area accurately, especially in a

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Australian dollar closes weaker

posted by erzon 727 days ago in AUD

The Australian dollar closed weaker after investors shrugged off positive local economic leads in anticipation of European consumer confidence data due on Monday night (AEST).

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Yen Falls on Political Turmoil

posted by erzon 727 days ago in EUR, JPY, Monthly

The yen dropped against its major counterparts amid speculation political turmoil will dent the currency’s safe-haven appeal after Japan’s Social Democratic Party left a three-way coalition government.

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Gold Hits All-Time Pinnacle Of $1,249

posted by erzon 728 days ago in USD, Gold, Oil made popular 728 days ago

Commodity prices mostly recovered this week on easing worries about the eurozone debt crisis, with cocoa striking a 32-year high level.

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Weaker euro could strengthen Europe economy

posted by erzon 728 days ago in USD, EUR, Trade made popular 728 days ago

How low can the euro go? Many economists think the 16-country currency is headed for a significant decline because of Europe's government debt crisis. Some are even predicting that by next year the euro will sink to what's called parity against t

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AUD To Come Under Pressure as RBA Holds Cash Rate

posted by erzon 729 days ago in AUD made popular 729 days ago

The Australian dollar rallied to a high of 0.8548 during the final full week of May following a rebound in risk sentiment however, the market moving event risks scheduled for the first week of June is likely to stoke increased volatility in the e

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Focus on US Economy as Europe Keeps Markets on Edge

posted by erzon 729 days ago in USD, Consumer made popular 729 days ago

European headlines will continue to sway nervous markets in the coming week. But the heavy schedule of U.S. economic news crunched into the four-day post Memorial Day week should paint a good picture of the state of the economic recovery and the

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