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EUR/USD falls below 1.3000 on US housing data

posted by Avatar portelo 164 days ago in EUR

The EUR/USD was getting cornered at 1.3000 support, with tension coming from lack of decisive measures in the EU summit and sovereign credit rating downgrade warnings by the major rating agencies. A rebound above 1.3006 was ... read more
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Euro hits 11 month low ahead of Italian bond auction today

posted by Avatar portelo 164 days ago in EUR

GBP/USD: The pair declined throughout yesterday's trading session when it opened at 1.5582 and gradually traded lower afterward to reach an intraday low of 1.5450. The currency pair traded on heightened risk aversion with the euro zone's ongoing debt ... read more
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Hungary banks, gov't to agree on FX debt fix by Xmas, 2012 growth uncertain ...

posted by Avatar portelo 170 days ago in CHF made popular 170 days ago

In order to ease their predicaments, the cabinet created legislation allowing FX mortgage borrowers to repay their debt in one go at discount rates (EUR/HUF 250, CHF/HUF 180 and JPY/HUF 2), making the banks swallow all related costs. ... read more
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GBP/USD - EUR/USD

posted by Avatar portelo 170 days ago in EUR

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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Seoul shares seen lower; futures expiry to weigh

posted by Avatar portelo 172 days ago in USD, EUR, JPY, CAD

-----------------MARKET SNAPSHOT @ 22:36 GMT ------------------ INSTRUMENT LAST PCT CHG NET CHG S&P 500 1258.47 0.11% 1.390 USD/JPY 77.72 0.01% 0.010 10-YR US TSY YLD 2.086 -- 0.053 SPOT GOLD $1727.90 0.01% 0.250 US CRUDE $101.28 0.29% 0.290 DOW JONES ... read more
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USD/CAD falls ahead of Employment data

posted by Avatar portelo 176 days ago in CAD, Economic Indicators made popular 176 days ago

The USD/CAD is printing fresh new lows by the hour, pricing at 1.0117 at the moment of writing, and having reached a price 4 pips below, at 1.0113. The 510-pip drop in a week shows a fragile greenback, as risk sentiment grows ... read more
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GBP/USD rises on euro zone crisis action hopes

posted by Avatar portelo 180 days ago in USD, GBP made popular 180 days ago

Meanwhile, the pound was lower against the euro, with EUR/GBP rising 0.33% to hit 0.8602. Later in the day, the UK was to publish industry data on retail sales, while the US was to release official data on new home sales. read more
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Euro Extends Slide As Eurozone Crisis Cripples Markets

posted by Avatar portelo 183 days ago in EUR, GBP made popular 183 days ago

The European currency depreciated by more than 0.7 percent to reach a 1-week low of 0.8556 against the pound around 6:35 am ET from Asian session's high of 0.8620. The hourly RSI is well below the oversold territory in the EUR/GBP pair with 0.8520 seen ... read more
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USD/CHF Forecast Nov. 18, 2011, Fundamental Analysis

posted by Avatar portelo 191 days ago in CHF made popular 191 days ago

S.showed improvement as housing starts increased to 628000 in Oct., beating estimates of 610.000, while initial jobless claims dropped to 388000 in the week ended Nov. 12, below both estimates and the revised readings of 395000 and 393000 respectively. ... read more
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GBP/JPY Up In Asian Trading Hours

posted by Avatar portelo 195 days ago in EUR, JPY made popular 195 days ago

Analysts had expected Japan's GDP to rise 1.5% in the last quarter. Meanwhile, the British Pound was down against the US Dollar and the Euro, with GBP/USD shedding 0.03% to hit 1.6060 and EUR/GBP rising 0.15% to hit 0.8573. read more
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USD/CHF weekly outlook: November 14-18

posted by Avatar portelo 195 days ago in CHF

Also next week, the US is to release data on retail sales, housing and inflation, while the ZEW Centre for Economic Research is to publish a report on economic expectations in Switzerland. Ahead of the coming week, Forex Pros has compiled a list of ... read more
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Huge Gold Buying Means Higher Gold Prices Are Coming

posted by Avatar portelo 198 days ago in EUR, Commodities made popular 198 days ago

The lack of faith of the Chinese and the Indians in either the USD or the Euro is even more likely to mean these big buyers will buy gold. I note that the ECB recently lowered its interest rate to 1.25% from 1.5% -- inflationary. ... read more