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Canadian Dollar Appreciates on US Economic Growth Outlook

posted by Avatar ColdFire 130 days ago in CAD, Analysis, Economic Indicators made popular 130 days ago

16 (Bloomberg) -- Canada's dollar rose against all 16 of its major peers on speculation the nation's exports will benefit from accelerating US economic growth. Comments are moderated by SDDT, in accordance with the SDDT Comment Policy, ... read more
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EUR/GBP up, eyes on 0.8300

posted by Avatar ColdFire 130 days ago in EUR, GBP

With Friday's downgrades already behind and yesterday's EFSF downgrade to AA+ totally offset by the Chinese strong data, the markets keep pushing higher ahead of important results in the UK and the euro zone. EMU and UK inflation data as well as ... read more
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Weekly Outlook: January 9, 2011

posted by Avatar ColdFire 141 days ago in EUR

Report of Spain mulling loan applications from both Eurozone bailout fund and IMF, along with left field financial concerns for Hungary, rattles bulls and sends EUR/USD down 0.85% to put failed breakdown in currency pair back in play. ... read more
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Oil Attains Third Year of Gains Finishing Year 2011 up 13%

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

Whereas, the examination of 75 USD range in the year 2012 could seem out of reach due to a range of geopolitical suspicions. The heating oil futures of US have been the top player on the index, collecting force from surging US exports and threatening ... read more
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The Slime of Indecision

posted by Avatar ColdFire 150 days ago in EUR made popular 150 days ago

She has allies in Finland and the Netherlands, but much of the rest of Europe, not to mention America, has had enough of Germany's national obsession with the hyperinflation of 1923 when deflation and a prolonged depression were imminent dangers. ... read more
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Flows: Light unwinding in Japanese bonds; FX intervention funds to increase

posted by Avatar ColdFire 159 days ago in JPY made popular 159 days ago

EUR/JPY at 101.35-40, focus on 10-week lows of 101.08, and then the 101.00 option barriers. Huge option barriers are rumoured at 100.50 and the psychological 100.00. Market players are bracing for a break below - though given the year end thin markets, ... read more
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Tortoise, Hare And The Coalition Of The Unwilling

posted by Avatar ColdFire 165 days ago in EUR made popular 165 days ago

While Europe is willing to accept lower GDP in the coming quarters in order to achieve a more sustainable debt load, the United States is willing to increase its debt load to achieve higher GDP. This path is resulting in a weaker EUR/USD in the short ... read more
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Euro zone crisis....there is will but ways and means seems tough to execute

posted by Avatar ColdFire 172 days ago in EUR, JPY

USD/JPY is holding well at 77.75-77.50 support zone but would need push from BOJ to crack the 78.25-78.50 resistance zone for extended run into 79.50-80.00. FX Premium stayed bid despite strong downward momentum from both exchange and interest rate ... read more
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Flash: AUD/USD not pricing in enough EU crisis risk - ANZ

posted by Avatar ColdFire 172 days ago in NZD made popular 172 days ago

"On this basis we expect the AUD to underperform the USD, and most crosses, including NZD, SGD and likely even EUR in the period ahead," they say. The AUD/USD is at 1.0247, up from 1.0190 late Tuesday. Trading foreign exchange on margin carries a high ... read more
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EUR/USD weakens after S&P mass downgrade warning

posted by Avatar ColdFire 172 days ago in EUR made popular 172 days ago

EUR/USD hit 1.3336 during late Asian trade, the pair's lowest since November 30; the pair subsequently consolidated at 1.3343, shedding 0.43%. The pair was likely to find support at 1.3258, the low of November 30 and resistance at 1.3406, ... read more
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Roger J Kerr says RBNZ will make a major monetary blunder if they follow the ...

posted by Avatar ColdFire 174 days ago in NZD

In the very short term whether the NZD/USD rate returns to 0.7400 or continues up to 0.8000, depends on the RBNZ's view on the New Zealand economy for 2012. If they forecast +3.00% GDP growth for 2012 local interest rates could be heading higher ... read more
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Stock Market New Uptrend Nearly Confirmed

posted by Avatar ColdFire 174 days ago in EUR made popular 174 days ago

Bond prices and the USD weakened, while Crude, Gold and the Euro rallied. Positive economic reports outnumbered negative reports by a ratio of 2:1. On the downtick: new homes sales, Case-Shiller, the WLEI and monetary base, plus weekly jobless claims ... read more