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Forex-3 Key Market Drivers June 14th- 18th
Implications for the coming week and beyond Coming weeks likely market movers EU Debt Crisis-nothing has changed-risks to watch Further news on Hungary
18 votes
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EURUSD: Risk Opens Up Towards 1.2353/1.2771.
EURUSD saw a respite the past week halting its strong medium term declines and triggering a recovery higher to close the week at 1.2110.
17 votes
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Banks reviewing rates
Mortgage rates are in a holding patterning following yesterday's OCR announcement, with none of the big banks committing to a move in rates today.
15 votes
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Euro likely to hit dollar parity in 2011
The euro is set to sink to parity with the dollar in 2011 because of the slow pace of economic recovery in Europe, if it has not broken up by then, a consultancy predicted. In a quarterly report, the London-based Centre for Economics and Business
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Ringgit Likely To Weaken Against Greenback Next Week
The ringgit is likely to weaken against the US dollar again next week following the recovery of the greenback as investors resume dollar buying, dealers said.
14 votes
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Greece Debt Crisis Increased, Euro Declining
Last week, EU and IMF jointly launched out acid plan reaching 750 billion with a purpose to keep stable of Euro. While this [rubber check” with quite large of fund can only relief worries of investors for a short time, which can hardly handle ser
11 votes
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Live Trade – Crude Oil vs Dollar- Weakness at the Open!!
In this mornings live trading session we saw an ultra high volume up bar as news about BP closing the Georgia pipeline became public, and Oil surged to $115.95 before falling back to below $113.00 in 2 hours of live trading.
10 votes
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Gold price hits record high as key commodities rebound
The price of gold struck a record high above 1,250 dollars an ounce this week as investors nervous about the weak state of the global economy sought safety in the precious metal.
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OPEC oil price climbs 1.13 dollars
The oil price of the Organization of the Petroleum Exporting Countries (OPEC) added 1.13 dollars towards the end of the week, the group said Friday, as oil prices followed upward-moving stockmarkets across the globe.
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Hikes GDP Fcasts, Inflation To Stay Moderate
The German economy could benefit more than expected from the pickup in global economic growth, adding to an accelerating recovery for the Eurozone’s largest economy, while consumer price growth is likely to remain moderate, the Bundesbank said on
8 votes
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Canadian employment rises
Canadian employment rose by 25,000 in May, the fifth consecutive monthly increase. The unemployment rate was unchanged at 8.1% from April.
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