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GBP/USD hits fresh daily high after strong U.K. retail data

posted by Rick2 709 days ago in USD, GBP, Retail Sales

The pound surged to a fresh daily high against the U.S. dollar on Thursday, following better-than-expected British retail sales figures and amid improving market sentiment.

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Spanish Jitters Soothed by Bullish Auction

posted by ultrain 709 days ago in EUR, CHF, Fundamental

Firm demand at a Spanish government bond auction helped inspire confidence as did a statement from the Swiss National Bank in which it appeared to breathe a sigh of relief on a lesser threat to the economic recovery.

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Market opening analysis

posted by Gimmy 709 days ago in Fundamental, Employment made popular 709 days ago

Initial jobless claims rose to 470,000 last week, higher than expected, while the cost of living declined.

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CAD closed at 97.52 cents US, down 0.03 of a cent on Wed

posted by erzon 710 days ago in USD, CAD made popular 710 days ago

The Canadian dollar closed down 0.03 of a cent US at 97.52 cents on Wednesday. The U.S. dollar stood at 102.54 cents Cdn, up 0.03 of a cent.

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AUD rallies as global sentiment rises

posted by erzon 711 days ago in AUD

The Australian dollar opened almost one and a half cents higher after US equities rallied on positive global sentiment overnight.

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Copper, Cattle & Hogs Gain on Weaker Dollar; Sugar Declines

posted by commodityblog 711 days ago in Fundamental, Agriculture, Metals made popular 711 days ago

Copper gained today as the dollar weakened. Cattle and hogs advanced today on signs that the demand will rise. Sugar declined today on speculation that the prices will go down.

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U.S. Dollar Trades Lower

posted by jirachi 711 days ago in USD, EUR made popular 711 days ago

The US dollar was lower across the board Tuesday, with EUR/USD climbing to its highest level since June 1 despite widening peripheral bond spreads.

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Oil prices settle near $77 as stocks, euro rise

posted by hachibi 711 days ago in USD, EUR, Oil made popular 711 days ago

Crude prices rose on Tuesday as stock markets gained ground and investors awaited word on what BP would do about future dividends and the oil spill in the Gulf of Mexico.

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Euro hits two-hit high

posted by ezir 711 days ago in EUR made popular 711 days ago

The euro hit a two-week high above US$1.23 overnight as solid demand at European debt auctions eased worries about the region's fiscal crisis and prompted investors to cover short positions in the currency.

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Euro selling resumes after Greece downgrade

posted by shadowf 711 days ago in EUR, Trade made popular 711 days ago

The euro retreated yesterday as downgrade of Greece's debt to junk status by ratings agency Moody's renewed concerns about eurozone debt, dampening sentiment and cutting short a rally in the currency.

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Soybeans, Wheat Advance on Weaker USD; Corn Little Changed

posted by erzon 711 days ago in USD, Agriculture made popular 711 days ago

Soybeans rose to a one-week high and wheat rebounded from earlier declines on speculation that a weaker dollar will lift demand for supplies from the U.S., the biggest exporter of both crops. Corn was little changed.

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1.2355 Next Resistance For EUR

posted by neorix 711 days ago in EUR made popular 711 days ago

We’ve reached the 1.2348 level so far as the S&P 500 zeroes in on its 200day moving average at 1108.60.

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