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Euro claws higher but gains seen capped

posted by Avatar portelo 136 days ago in USD, EUR, JPY, GBP, CAD

After two back-to-back interest rate cuts and last month's provision of nearly half a trillion euros in three-year loans, the ECB is seen keeping rates unchanged at a record low 1.0 percent. That leaves Spain's debt auction on Thursday and Italy's bond ... read more
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BNZ daily markets wrap and strategy

posted by Avatar portelo 137 days ago in AUD, NZD

Buoyant stock market sentiment and easing risk aversion saw investors shun "safe-haven" currencies like the USD and JPY in favour of higher-yielding alternatives like the AUD and CAD. USD/CAD skidded below 1.0180 from 1.0240 24 hours earlier, ... read more
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USD/CAD in Throwback After Pushing Above 1.03; 1.04 is Near Triangle Resistance

posted by Avatar portelo 138 days ago in CAD

You must be aware of the risks of investing in forex, futures, and options and be willing to accept them in order to trade in these markets. Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with ... read more
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Dollar firms in role as safe harbor investment

posted by Avatar portelo 143 days ago in NZD

... AUD/USD down 0.31% to 1.0334 and NZD/USD down 0.02% at 0.7874. The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.10% at 80.45. Currency markets are eagerly awaiting unemployment ... read more
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Dollar lower vs. rivals but downside seen limited

posted by Avatar portelo 144 days ago in NZD made popular 144 days ago

In addition, the greenback was weaker against its Canadian, Australian and New Zealand cousins, with USD/CAD tumbling 0.70% to hit 1.0116, AUD/USD rallying 1.07% to hit 1.0342 and NZD/USD advancing 1.08% to hit 0.7867. The Australian dollar was boosted ... read more
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Rupee gains 9 paise against US dollar

posted by Avatar portelo 144 days ago in USD made popular 144 days ago

Snapping its three session losing string, the rupee today gained 9 paise to close at 53.21/22 against the dollar amid a strong rally in local equities and fresh dollar selling by exporters. Foreign exchange dealers said weakening of the US currency in ... read more
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Asian Markets Trade Weak

posted by Avatar portelo 151 days ago in JPY, Economic Indicators made popular 151 days ago

Meanwhile, the unemployment rate in Japan came in at a seasonally adjusted 4.5 percent in November, the Ministry of Internal Affairs and Communications said - in line with forecasts and unchanged from the previous month. Another report from the same ... read more
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Italy Braces Itself For The Full Monti

posted by Avatar portelo 152 days ago in EUR made popular 152 days ago

And remember, this is not deflation ridden Japan, this is real, not nominal GDP we are talking about here. So far Italy hasn't been experiencing deflation, or at least not yet it hasn't. All in all, it would be hard to say that the Euro has worked well ... read more
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Gold & Silver Prices - Daily Outlook December 22

posted by Avatar portelo 156 days ago in all, EUR, Commentary made popular 156 days ago

Gold slightly slipped on Wednesday by 0.25% to $1613.6; silver also declined by 0.97% to $29.25. The Euro/USD changed direction again and slipped on Wednesday by 0.28% to reach 1.3047. On the other hand, other currencies such as the CAD slightly ... read more
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FX JPY BRIEFING: USD gets leg up on Kim Jong-Il news, EUR soggy

posted by Avatar portelo 160 days ago in EUR, JPY made popular 159 days ago

USD/JPY popped up from an early low of 77.75 to 78.18 with offers from ahead of 78.00 off-ed following the news. It fell back a bit later to around 78.00 but looks better bid. Regional stocks and EUR in particular were trading soggy even ahead of the ... read more
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Death Of A Market: Irish GNP/GDP Destruction, Euro Deal Punishment

posted by Avatar portelo 161 days ago in EUR made popular 161 days ago

This is not good for the euro, the market or the world but there is no sign that the pain is great enough to get the eurozone to change course. From Bloomberg: (Irish Finance Minister) Noonan said this week his budget for 2012 will ensure that the ... read more
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AUD/USD update (16th Dec 2011, 04:00)

posted by Avatar portelo 163 days ago in USD, AUD

Much stronger than-expected Philly Fed and New York manufacturing data more than offset slightly weaker-than-anticipated US industrial production. AUD/USD ran up to 0.9990 in a short-covering rally following the news. This proved fleeting, as risk ... read more