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AUD/USD retreats from 1.0085

posted by Avatar ColdFire 179 days ago in AUD made popular 178 days ago

After taking out overnight highs (1.0075) in early afternoon trade, AUD/USD has since pulled back from its 1.0085 session peak (fresh 8-day high), and is now quoted in the 1.0010 area, around 15 pips above its opening price. ... read more
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China's RMB Kicks off Trading against Aussie, Canadian Dollar

posted by Avatar ColdFire 179 days ago in AUD made popular 179 days ago

29 The Chinese local currency renminbi (RMB) kicked off trading against the Australian dollar and the Canadian dollar in the country's onshore market on Monday. The two new foreign currencies have become the latest additions to the seven other ... read more
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UK stock market commentary (November 18, 2011): Markets need that silver bullet

posted by Avatar ColdFire 190 days ago in GBP, Commodities

... with GBP/EUR still managing to hold onto the 1.1700 level and cable is at 1.5785 at the time of writing. Gold has really brunt the fingers of some clients as it saw a very sharp sell off yesterday taking the precious metal down to the 1720 area. ... read more
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AUD/USD sputters on European woes

posted by Avatar ColdFire 194 days ago in EUR made popular 194 days ago

Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your ... read more
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Euro licks wounds but options suggest more pain to come

posted by Avatar ColdFire 198 days ago in EUR made popular 198 days ago

"We have a hard time detecting any clear evidence that bank repatriation flows can explain that EUR/USD is holding up better than expected," said Nordvig. "There is no one-to-one correspondence between cross-border deleveraging and FX flows. ... read more
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Daily Trading Forecast

posted by Avatar ColdFire 207 days ago in EUR made popular 207 days ago

The current downwave in EUR/USD and GBP/USD came to a halt in this European morning. We see some more down potential for these pairs in today`s trading, exhausted not before reaching 1.3650/1.5840, from where we expect more meaningful recovery moves. ... read more
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Yen Touches Record Versus US Dollar on European Debt Turmoil

posted by Avatar ColdFire 214 days ago in EUR, CAD made popular 214 days ago

The Canadian dollar slid for the first time in four days versus the greenback after the Bank Canada cut its outlook for growth. The dollar rose against the South African rand and Mexican peso as a drop in US consumer confidence buoyed Treasuries. ... read more
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Australian Dollar Weakens Versus Dollar, Yen Amid Europe Concern

posted by Avatar ColdFire 216 days ago in EUR, AUD made popular 216 days ago

The currency also fell before a report this week that economists forecast will show price gains in Australia slowed in the third quarter, giving the central bank more scope to cut interest rates if necessary. The Aussie dollar is susceptible to ... read more
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Nikkei set to rise but seen rangebound, awaiting Europe

posted by Avatar ColdFire 219 days ago in EUR, JPY

----------------------MARKET SNAPSHOT @ 2323 GMT ------------ INSTRUMENT LAST PCT CHG NET CHG S&P 500 1215.39 0.46% 5.510 USD/JPY 76.84 0.01% 0.010 10-YR US TSY YLD 2.187 -- 0.000 SPOT GOLD 1615.44 -0.20% -3.160 US CRUDE 86.33 0.30% 0.270 DOW JONES ... read more
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Rupee gains on shares, euro; outlook hazy

posted by Avatar ColdFire 220 days ago in Commodities made popular 220 days ago

Dollar demand from gold merchants also increased as they stepped up imports of the yellow metal before the upcoming festival season, traders said. Gold demand in India, the world's largest bullion buyer, will be strong in October-December, ... read more
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EURO premium to be priced out?

posted by Avatar ColdFire 222 days ago in EUR, CHF made popular 222 days ago

The dollar is lower against the EUR +0.15% and CHF +0.11% and higher against GBP -0.06% and JPY -0.22%. The commodity currencies are stronger this morning, CAD +0.45% and AUD +0.25%. The perception of doing the right thing had all risk assets in demand ... read more
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EUR/USD: Trading The U.S. Retail Sales Report

posted by Avatar ColdFire 227 days ago in USD, CAD, Commodities, Economic Indicators

By DailyFX 10/12/11 - 03:43 PM EDT By David Song, Currency Analyst Household spending in the world's largest economy is expected to increase 0.7% in September and the rebound in private sector consumption could spark a bullish reaction in the US dollar ... read more