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USD/CHF, EUR/CHF Flows: Pres Obama: will consult China, Russia on Iran nuke plan

posted by Avatar BloodDiamond 195 days ago in CHF

On FX, good to watch Iran/ ME news even as the world, eurozone is battling with risks of recession due to the eurozone sovereign debt crisis. USD/CHF at 0.9005-10, a tad supported by EUR/CHF buiying to 1.2400 handle, as SNB continues to warn that it is ... read more
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US grains continue to slide, rattled by Italy debt crisis

posted by Avatar BloodDiamond 199 days ago in USD, Commodities made popular 199 days ago

FUNDAMENTALS * The US Department of Agriculture (USDA) in its monthly supply and demand report pegged the US 2011 corn crop yield at 146.7 bushels per acre, below trade estimates for 147.7 bushels, and below the 148.1 bushels forecast last month. ... read more
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GBP/USD: Waiting For The Turn

posted by Avatar BloodDiamond 211 days ago in USD, Economic Indicators made popular 211 days ago

Inflation hit 5.2% year/year in September, (mkt 4.9%) and although nasty base effects were partly to blame it's difficult to deny that there is a problem, underlined by rising inflation expectations, even if the headline rate does finally begin to ... read more
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NZD gains against USD

posted by Avatar BloodDiamond 212 days ago in NZD, Economic Indicators

In this environment the USD was abandoned as a "safe haven". In addition, an in-line release of US Q3 GDP showed that growth accelerated to 2.5% from 1.3% previously. This served to further buoy risk appetite and disinterest in the USD. ... read more
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Good morning Emerging Europe/Africa

posted by Avatar BloodDiamond 219 days ago in EUR, Commodities

Price action in the commodity currencies were mixed, with rising metal prices countered by soft equities. Gold made a run at 1630 but ultimately fell short. JPY Crosses: Choppy EUR/USD kept crosses/JPY range-bound in early Asia. ... read more
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Flash: AUD, CAD and NOK buying might reflect restocking of commodities - UBS

posted by Avatar BloodDiamond 222 days ago in AUD

"Our commodity strategists believe that current valuations are attractive, and even though growth prospects are weak, there is enough life in data in the world's major economies to believe that an outright recession can be avoided. ... read more
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Stunning Kiwi dollar rebound how sustainable is it?

posted by Avatar BloodDiamond 223 days ago in NZD made popular 223 days ago

The balance of probability from here has to be general market disappointment at progress out of Europe and the NZ dollar giving back its recent gains. Locally, the economic news has not been too favourable (apart from an impressive All Black's victory ... read more
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GBP/USD update (10th Oct 2011, 16:00)

posted by Avatar BloodDiamond 229 days ago in USD made popular 229 days ago

Even weaker retail sales data for September was not enough to hold back GBP/USD, perhaps because investors realise that retailers are apt to blame all their misfortunes on the weather. However, the pound continued to lag behind currencies such as the ... read more
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Consumer Automotive Financial Services in Southern and Western Europe

posted by Avatar BloodDiamond 229 days ago in EUR made popular 229 days ago

In addition to analysing the EUR 105.8 billion market for finance and leasing services, the study also covers ancillary automotive financial services markets including creditor insurance, motor insurance, road assistance, extended warranties, ... read more
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Japanese Ni based SUS scraps price rebounds on strong demand from China

posted by Avatar BloodDiamond 235 days ago in USD, JPY

This means that exporters are required to keep their buying price (delivered) at JPY 153000 to JPY 155000 per tonne or lower. The average of the purchase prices as quoted by the Japanese stainless steel mills now is more or less JPY 160000 per tonne ... read more
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Asian staying risk-averse and USD-positive

posted by Avatar BloodDiamond 235 days ago in USD, Commodities made popular 235 days ago

Gold is up 1% and the JPY crosses are generally lower, with EUR/JPY now back below 102.00. Looks like it should be fairly quiet for the next few hours. The content of this field will not be shown publicly. tinkerfun: Hi Bjorn, I'm on the other side of ... read more
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EUR/USD Hits Daily High After Bernanke Remarks

posted by Avatar BloodDiamond 235 days ago in USD, EUR made popular 235 days ago

By ForexMansion.com Forexpros The euro strengthened against the US dollar on Tuesday, rising to the daily high after Federal Reserve Chairman Ben Bernanke said the central bank was ready to do more to help the US economic recovery. ... read more