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U.S. Dollar could be Forming Major Top

posted by mateo 730 days ago in USD, Technical, Inflation made popular 730 days ago

The U.S. Dollar traded sharply lower on Thursday, giving the first indication in weeks that the event driven rally may be coming to an end. Pressure was on the Dollar all day led by the strong turnaround in the Euro. Additional pressure came from

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Yen rises in Asia amid Korea tensions, eurozone worries

posted by mateo 732 days ago in EUR, JPY

Eurozone debt worries pushed the yen higher yesterday, as heightened tension on the Korean peninsula saw the dollar hit a 10-month high against the won, prompting the Seoul central bank to intervene.

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Japan Economy Likely To Recover Moderately

posted by mateo 734 days ago in JPY, GDP

The Bank of Japan on Monday offered a more positive outlook, saying the economy is likely to “recover moderately,” an indication that the direct impact of the financial turmoil in Europe on sustained growth here will be limited.

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AUD Slipping With Focus Firmly On Mining Tax

posted by mateo 734 days ago in USD, JPY, AUD made popular 734 days ago

The AUD/USD and AUD/JPY continue to slide and the sell-off is picking up momentum after these comments.

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Forex trading finding its place in the region

posted by mateo 734 days ago in USD, Daily made popular 734 days ago

Foreign exchange (forex) trading is quickly becoming one of the most popular forms of investment in the Middle East, particularly in the UAE. And not surprisingly so, considering that the forex market has remained, for some years now, the largest

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Economic tables turn as euro falls against dollar

posted by mateo 735 days ago in USD, EUR made popular 735 days ago

Only a few months ago, Americans were fretting about a weak dollar, adoring the euro and looking for ways to insulate themselves from the greenback's slide.

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Oil prices slide by more than a dollar

posted by mateo 737 days ago in USD, Oil made popular 737 days ago

World oil prices shed more than a dollar on Thursday, with sentiment rattled by investor concerns about the eurozone debt and deficit crisis, and a strong US currency, analysts said.

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NZ dollar falls below US69c

posted by mateo 739 days ago in NZD made popular 738 days ago

The New Zealand dollar fell to its lowest level since February today as nervous investors continued to get out of investments they regarded as risky.

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Gold Set To Strengthen To 1,300

posted by mateo 742 days ago in USD, Gold, Agriculture made popular 742 days ago

Gold has triggered its longer-term uptrend and now looks set to strengthen towards the 1,250 and 1,300 levels in the days and weeks ahead.

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Is Gold Heading for $5,000?

posted by mateo 743 days ago in USD, Gold made popular 743 days ago

Gold is once again above $1,200 and making new highs. And yet, Doug Casey thinks we’re just getting started, estimating gold could touch $5,000 before this is all over. A titillating thought, to be sure, but... how likely is that?

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Strong dollar pushes oil prices down

posted by mateo 744 days ago in USD, Oil made popular 744 days ago

Oil prices fell yesterday, under pressure from a strengthening dollar that makes dollar-priced crude more expensive for buyers using weaker currencies.

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Pointers about Foreign currency markets

posted by mateo 744 days ago in Special, Trading Psychology made popular 744 days ago

Foreign exchange trading could be risky. When buying and selling on a forex market system, much can be in danger and also the market can speedily alter. You can shed money before you believe to close the trade.

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