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SocGen on GBP/USD; upside risks
"Societe Generale sees upside risks for GBP/USD, with a break above 1.5560 resistance likely to trigger a run to the Dec. 13 high of 1.5635, before the downside attracts again. Now at 1.5535, the bank pegs support at 1.55 and then 1.5410." Trading ...
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Money markets fret over Euro debt crisis
This has seen the USD index rise 0.2% to 80.50. The JPY held reasonably steady against the USD at 78.00. The GBP ended only slightly lower against the USD, currently trading around 1.5480. Helping to support the GBP was better-than-expected UK jobless ...
30 votes
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Oil price to stay above USD 100 in 2012 -- KAMCO Report
KUWAIT, Dec 14 (KUNA) -- Oil price will stay above USD 100 per barrel benchmark in 2012, a specialized economic report said Wednesday. The report, released by Kuwait Investment Projects Co. Asset Management (KAMCO), cited a number of causes for this ...
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Dollar steady ahead of Fed FOMC, retail sales
Elsewhere, the greenback was broadly lower against its Canadian, Australian and New Zealand counterparts, with USD/CAD sliding 0.16% to hit 1.0253, AUD/USD adding 0.60% to hit 1.0134 and NZD/USD climbing 0.40% to hit 0.7660. The National Australia Bank ...
28 votes
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OP: Raises 4.5 million GBP for Mencap
Mencap, a leading advocate for people with learning disabilities, provides training, access to work and housing services and a whole range of other dedicated initiatives for people with learning disabilities. Mencap is also a leading campaigner against ...
27 votes
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Stage set for reversal into soft monetary stance
USD/JPY continues to struggle at 78.00-78.25 resistance zone. More the delay in taking out this resistance, there is high probability of extended weakness below 77.25. While we continue to watch consolidation at 77.25-78.25; let us stay neutral on the ...
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Rupee declines by 21 paise against US dollar
Published on Mon, Dec 05, 2011 at 19:00 | Source : PTI Snapping a two-day gaining streak, the rupee today fell by 21 paise to 51.41/42 against the US dollar on hefty demand for the US currency from importers amid weakness in local stocks. ...
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Weekly Outlook: December 5 9
The Reserve Bank of Australia is to announce it benchmark interest rate. The bank's rate statement will be closely watched for its insights on the economic outlook. Australia is also to release data on the current account balance. ...
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EUR/USD Rally Turns Tail Was That It For Now?
Or least have a look at my article on the AUD/JPY from earlier today concerning the pair's trajectory. I consider the JPY question a very interesting one for the moment, as I have hopefully made clear in other posts in recent days. US home price data ...
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Futures and Forex The Dollar Climbs vs Euro & Yen as Gold and Silver Prices ...
The dollar gained 0.60 percent vs the British pound sterling (GBP), 0.71 percent vs the Swiss franc (CHF), and 0.43 percent vs the Canadian dollar (CAD). Throughout the day the greenback continued to expand vs most currencies with the exception of the ...
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Cable longs: Still hanging in there
I must admit, things aren't looking great for my long cable trade and the market is idling now just above 1.5600. The overnight low was at 1.5582 and I will exit the majority of my position if we have a sustained break back below there. AUD/USD has ...
41 votes
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Some risk appetite creeping in
EUR/USD bumps up to 1.3524 USD and JPY lagging AUD and NZD with some life I think you have to roll with the punches if you want to trade a market this quiet. The opinions and analysis offered on Forexlive are for educational purposes only and clients ...


