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Risk FX Consolidates As Japanese Equities Rebound

posted by Avatar fx360 437 days ago in USD, EUR made popular 437 days ago

Japan saw relatively strong demand in its auction for super long term bonds quelling fears that the recent events caused by natural disaster and the ongoing crisis at the Fukushima nuclear power plant would make investors balk at the issuance. read more
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Risk Rally Fades As Euro, Pound Unable To Hold Gains

posted by Avatar fx360 437 days ago in USD, EUR

In UK the claimant count data printed better than forecast coming in at -10.2K versus consensus calls of 1.2K gain while average earning index improved to 2.3% from 2.2% eyed. However, the good news on the labor front was somewhat offset by the read more
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Fed Grows More Optimistic, Moves Closer To Ending QE

posted by Avatar fx360 438 days ago in Oil made popular 438 days ago

As we suspected, the Federal Reserve was careful with their choice of words for the latest monetary policy statement. They made no mention of Japan and sounded more optimistic by describing the economic recovery as being “on a firmer footing.” Re read more
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Trading Around The News As A Technical Trader

posted by Avatar fx360 439 days ago in Technical, Trading Psychology

I am a technical trader. Therefore, I don't place trades based on news announcements. I have various beliefs that my experiences have taught me regarding these announcements that have generally taught me the same lesson: stay away. I am discus read more
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USD/JPY Retakes 82.00 After BOJ Injects Massive Liquidity

posted by Avatar fx360 439 days ago in USD, JPY, Daily made popular 439 days ago

The BOJ decided on Monday to loosen its monetary policy further in the wake of devastation caused by the country’s worst earthquake on record. The central bank agreed to boost its asset buying program by 5 Trillion yen and purchase various finan read more
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USD/JPY, EUR/USD Whipsaw At Start Of Week's Trade

posted by Avatar fx360 439 days ago in USD, JPY, Daily made popular 439 days ago

A very whippy Monday to the start of the week’s trade as the currency markets tried to absorb the developing news over the weekend from Japan as well as react to EU summit on Friday which appeared to have made some progress on the sovereign debt read more
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FX: Don't Ignore The Rise In Retail Sales

posted by Avatar fx360 442 days ago in JPY, Oil

With a severe earthquake and tsunami hitting Japan, waves reaching as far as Hawaii and talk of Portugal requiring a bailout if Germany votes no on expanding the EFSF, we would be surprised if risk appetite managed to hold steady. The latest shoc read more
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Yen Rises On Repatriation Flows After Japanese Earthquake, R

posted by Avatar fx360 442 days ago in USD, EUR, JPY made popular 442 days ago

USD/JPY broke to fresh session lows in the aftermath of the reaction to the Japanese earthquake as currency traders speculated that repatriation flows will favor the yen in the near term. Meanwhile risk FX reversed all of its relief rally gains read more
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Risk FX Recovers On Relief In Aftermath Of Japanese Earthqua

posted by Avatar fx360 442 days ago in USD, JPY made popular 442 days ago

Risk FX sold off in reaction to a massive earthquake that hit Japan today, but quickly recovered in early European trade as initial reports of damage did not appear catastrophic. Japan was hit with a magnitude of 8.9 earthquake earlier today - t read more
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No Support For Risk As Data Shows Pain Of High Oil Prices

posted by Avatar fx360 443 days ago in Oil made popular 443 days ago

Weaker economic data from Asia and Europe along with Moody's decision to downgrade Spanish debt drove currency traders back into the arms of the U.S. dollar. U.S. and Canadian data also missed expectations but these secondary reports failed to st read more
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Risk FX Under Assault As Eco Data, Downgrades Take Toll

posted by Avatar fx360 443 days ago in USD, EUR made popular 443 days ago

A slew of negative economic surprises along with an unexpected downgrade of Spain by Moody’s pushed risk FX lower through most of Asian and European session, but high beta currencies found some support ahead of key levels with EUR/USD holding 1. read more
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Moody Downgrade Of Spain Sends Euro Reeling

posted by Avatar fx360 443 days ago in USD, EUR

The EUR/USD came under another wave of selling pressure in early European trade today after Moody’s downgraded Spain by one notch from Aa2 to Aa1. The agency noted that, “the eventual cost of bank restructuring will exceed the government’s curr read more