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Risk FX Consolidates But Wariness Remains

posted by Avatar fx360 444 days ago in USD, GBP made popular 444 days ago

It’s been a very quiet night of consolidation in the currency markets with EUR/USD still pressured by concerns over periphery credit as it spent most of the night below the 1.3900 level while cable received a small boost from better than expecte read more
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Aussie Data Signals Weakness Ahead

posted by Avatar fx360 444 days ago in AUD

Australian Home Loan approvals declined for the first time in seven months as floods inundated the country’s east coast limiting building activity, while consumer confidence hit is lowest point since June of last year on expectations that a gover read more
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USD: Nervousness Reigns

posted by Avatar fx360 445 days ago in USD made popular 445 days ago

With the rally in equities, the pullback in commodity prices and the rise in Treasury yields, the improvement in risk appetite should have driven the dollar lower. Yet instead the greenback appreciated against most of the major currencies with th read more
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Will Fiscal Year End Repatriation Help The Yen?

posted by Avatar fx360 445 days ago in USD, JPY, Oil made popular 445 days ago

With investors around the world focused on the tick by tick movement of oil prices, the lack of market moving U.S. economic data on the calendar has barely been noticed. Oil prices found some relief after OPEC and non-OPEC members mulled the read more
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Euro Dogged By Peripheral Sov. Debt Concerns

posted by Avatar fx360 445 days ago in USD, EUR made popular 445 days ago

Euro came under fresh selling pressure in early morning European trade as sovereign debt fears and profit taking flows continued to weigh on the unit for the second day in a row. After failing to hold the 1.4000 figure in yesterday’s North Americ read more
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EUR/USD Targets 1.3900 As Concern Over Periphery Credit Incr

posted by Avatar fx360 445 days ago in USD, EUR made popular 445 days ago

The EUR/USD was pressured all night long dropping to a low of 1.3921 in mid-morning European trade as sovereign debt concerns continued to dog the pair. On a night absent of any material economic event risk, the focus in the currency market tur read more
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USD: Rate Differentials Vs. Growth

posted by Avatar fx360 446 days ago in USD, Oil made popular 446 days ago

Despite the lack of U.S. economic data, it has been a volatile trading day. When the U.S. markets opened, the dollar was trading lower against most of the major currencies and stocks were primed for a rally. However less than an hour after the op read more
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Euro Under Pressure As Moody's Downgrades Greece

posted by Avatar fx360 446 days ago in EUR

The EUR/USD fell to session lows in early morning European trade in the wake of Moody’s downgrade of Greece to B1 status. Moody's Investors Service downgraded Greece's government bond ratings to B1 from Ba1, and assigned a negative outlook to t read more
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FX: 3 Themes This Week

posted by Avatar fx360 446 days ago in Oil made popular 446 days ago

The Pain of $100 Oil
Oil is without a doubt the biggest story in the financial market right now because very few countries can escape the impact of rising crude prices. According to the Federal Reserve, every $10 rise in oil prices cuts U.S. read more
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Euro Hits Fresh Yearly Highs On Rate Hike Expectations

posted by Avatar fx360 446 days ago in EUR made popular 446 days ago

The EUR/USD rose to fresh yearly highs despite another downgrade of Greece by Moody’s as yield differentials outweighed any concerns over sovereign debt risks pushing the pair to 1.4030 in mid morning European trade. With economic calendar essen read more
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Euro Hampered By Sovereign Debt Worries, Cable Catches a Bid

posted by Avatar fx360 606 days ago in USD, Daily made popular 606 days ago

Cable received a lift from better than expected Current Account data while euro was hampered by fresh sovereign debt concerns despite the fact that German consumer sentiment increased markedly reaching a three year high. German GFK survey of co read more
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Dollar and Pound Slip on Data, QE and China Talk

posted by Avatar fx360 606 days ago in USD, GBP, Daily made popular 606 days ago

The U.S. dollar is trading lower against most of the major currencies this morning despite speculation by the Wall Street Journal that the Federal Reserve's second dose of Quantitative Easing will be a watered down version of the first. A less sh read more