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Euro Gains for First Time in Seven Weeks as Debt Concern Falls

posted by Avatar fxcashmonster 127 days ago in USD, EUR made popular 127 days ago

The Federal Reserve is projected to keep its benchmark interest rate target unchanged at a policy meeting next week. The development with European borrowing costs, how they continued their descent, that took some pressure off the single currency, ... read more
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Euro tests upside as short-covering continues

posted by Avatar fxcashmonster 129 days ago in USD, EUR, JPY, CAD, AUD, NZD made popular 129 days ago

The euro pushed higher in Asia on Thursday after ... read more
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Gold and Silver Prices Find Their Footing

posted by Avatar fxcashmonster 131 days ago in Commodities made popular 131 days ago

IT WOULD SEEM gold and silver have found their footing at the start of 2012, notes Gene Arensberg's GotGoldReport. Last week gold logged a $22.37 (1.4%) advance for a last trade of $1638.68 (USD Cash Market). Here at GotGoldReport we have adopted the ... read more
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Aussie and Kiwi rally in risk-off Asia

posted by Avatar fxcashmonster 138 days ago in CHF, AUD

AUD/USD has just risen to 1.0300 from an earlier low of 1.0226, having gained 0.62% so far on the day in a decidedly 'risk on' trading environment. NZD/USD is also gaining ground, having broken above resistance in the ... read more
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Australian Dollar Outlook - 09 January 2012

posted by Avatar fxcashmonster 139 days ago in EUR, AUD

We would normally expect the AUD to strengthen further on news like this but AUD has drifted lower as the negative sentiment form Europe weighed on markets as bond yields continued to rise and underlying economic data was negative. ... read more
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EU Banks Under Heavy Scrutiny

posted by Avatar fxcashmonster 143 days ago in EUR, Commentary

PM Noda talked in Japan that it will be coordinating with the BOJ to fight deflation fears going forward. The Sterling (GBP) fell in sympathy with the Euro but only a small amount and found support at 1.5600. EUR/GBP broke below 0.8300 in new cycle ... read more
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EUR/AUD: I can't resist a cheap trade

posted by Avatar fxcashmonster 158 days ago in EUR, AUD

I'm taking three pieces of information into account: EUR/USD market caught short and real money players may now also need to cover along with leveraged players (according to overnight interbank reports) Technician friend tells me that AUD/USD is ... read more
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US retail sales up 0.2% in Nov; below expectations

posted by Avatar fxcashmonster 165 days ago in USD

The total US retail and food services sales marginally rose by 0.2% to USD 399.35 billion in November 2011, as against USD 398.47 billion in October 2011, and 6.7% up as against November last year. The September to October 2011 percent change was ... read more
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USD/CAD Forecast Dec. 13, 2011, Fundamental Analysis

posted by Avatar fxcashmonster 166 days ago in USD, CAD made popular 166 days ago

TheUnited Stateswill join the session at 13:30 GMT with the retail sales index for November, where the advance retail sales index could have expanded by 0.6% from 0.5%, while the retail sales less Autos index could have advanced by 0.5% from 0.6%. ... read more
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Today the demand for the Government bonds of European countries showed a ...

posted by Avatar fxcashmonster 178 days ago in EUR, CHF made popular 178 days ago

By Forex-Metal Euro: After the TV news on France24 channel, the Euro strengthened against its competitors during the Asian. The EUR/USD pair jumped to $1.3292 level and then went to its daily high of 1.3396 during the European trading session. ... read more
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Gold continues to strengthen, silver declines

posted by Avatar fxcashmonster 179 days ago in EUR, Commodities made popular 179 days ago

In New York, gold rose on weak dollar following bullish equity markets amidst optimism about Europe''s debt crisis. Gold for December delivery spurted USD 25.10 to USD 1710.80 an ounce on the Comex division of the NYMEX late yesterday. ... read more
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AUD/USD has finally taken the stairs lower

posted by Avatar fxcashmonster 187 days ago in AUD

There is a lack of Asia zone data with Australia having none which should ensure the AUD remains offered today. Also helping the bears will be the news wires talking about the state of the US economy and the effects the super committee will have if ... read more