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Copper up on EU summit, ECB interest rate cut hopes

posted by Avatar forexclaim 171 days ago in EUR made popular 171 days ago

Copper rose on Wednesday as investors placed optimistic bets ahead of a crucial EU summit on Friday that may help tackle a deepening euro zone debt crisis and on expectations of an interest rate cut from the European Central Bank. ... read more
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Japan Nov. Foreign Reserves At Record High

posted by Avatar forexclaim 172 days ago in JPY, Commodities

Gold rose slightly to $42.95 billion from $42.36 billion last month. The government spent around JPY 9.09 trillion on currency intervention in the month to November 28 to lower the exchange rate of yen. by RTT Staff Writer. read more
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UK Two-Year Yield Drops to Record on Euro-Area Rating Concern

posted by Avatar forexclaim 172 days ago in EUR made popular 172 days ago

... the benchmark interest rate a quarter point to buoy the economy when policy makers meet Dec. 8, according to the median of 58 economist estimates in a Bloomberg survey. The pound was 0.4 percent weaker to $1.5581 and lost 0.5 percent to 121.12 yen. ... read more
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USD/CAD Down On Economic Data

posted by Avatar forexclaim 176 days ago in CAD made popular 176 days ago

By Forexpros on December 2, 2011 | More Posts By Forexpros | Author's Website Forexpros The US Dollar was lower against the Canadian Dollar on Friday after the release of Canadian data on Unemployment Rate. USD/CAD was trading at 1.0129, ... read more
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USD/CHF up on economic data

posted by Avatar forexclaim 176 days ago in CHF

Forexpros - The US Dollar was higher against the Swiss Franc on Friday after the release of Swiss data on Retail Sales. USD/CHF was trading at 0.9162, up 0.05% at time of writing. The pair was likely to find support at 0.9066, Wednesday's low, ... read more
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GBP/USD higher after successful Spanish debt auction

posted by Avatar forexclaim 177 days ago in USD, GBP

But the pound remained vulnerable after a report earlier showed that manufacturing activity in the UK contracted for a second successive month in November. Markit said that its UK manufacturing purchasing managers' index fell to 47.6, shrinking at the ... read more
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EUR/USD lifted by successful Spanish auction

posted by Avatar forexclaim 177 days ago in EUR made popular 177 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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Global Economic Pressures Continue To Push The Dollar Reluctantly Higher

posted by Avatar forexclaim 182 days ago in all made popular 182 days ago

I remain firmly bearish against the euro and the British pound. I continue to lower my stop on my EUR/USD short to just outside maximum daily volatility. If (once) it is tripped, I will switch to a neutral (or slightly bearish) dollar position. ... read more
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EUR/JPY up during Asian trade

posted by Avatar forexclaim 184 days ago in EUR, JPY

EUR/JPY was trading at 103.13, up 0.19% at time of writing. The pair was likely to find support at 102.71, Thursday's low, and resistance at 104.36, Tuesday's high. Earlier in the day, official data showed that Tokyo's core consumer price inflation ... read more
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EUR/CHF retreating from daily high

posted by Avatar forexclaim 190 days ago in CHF made popular 190 days ago

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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AUD/USD bias remains bearish, may test 0.9900

posted by Avatar forexclaim 191 days ago in AUD made popular 191 days ago

Strong slide in gold also helped Aussie lower, that technically shows an increasing bearish momentum in the 4 hours chart: a continuation rally below mentioned low should point for a test of the 0.9900 area over the upcoming sessions. AUD/USD opened ... read more
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EUR/USD closed lower on Tuesday

posted by Avatar forexclaim 192 days ago in EUR, Commodities

Crude Oil closed higher on Tuesday as it extends the rally off October's low. The high-range close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI remain neutral to bullish signalling that sideways to higher prices ... read more