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USD edges lower against key currencies; Euro on rebound

posted by Avatar annie 804 days ago in USD, EUR

Following a relatively quiet week, the US Dollar ended the week on a weaker footing against the majors. The Euro surged against the US Dollar to reach a high of 1.3796, breaking all major resistance levels, to close the week at 1.3765. The Sterl read more
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Euro Near 5-Week High Versus Yen on Greece Bailout

posted by Avatar annie 804 days ago in EUR, JPY, Weekly made popular 804 days ago

The euro traded near a five-week high against the yen as speculation the European Union will bail out Greece boosted demand for the currency before regional finance ministers meet in Brussels. read more
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U.S. Dollar Will Eventually Fall to Zero

posted by Avatar annie 805 days ago in USD, Inflation

Marc Faber, publisher of the Gloom, Boom & Doom Report, reveals his views on the inflation/deflation, of the US dollar. Marc says, cash and treasury bond will lose and the winners will be foreign currency and commodities. Equities have some power read more
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US dollar slips towards range lows in Asia

posted by Avatar annie 807 days ago in USD, Trade

The dollar has drifted towards the lower end of its recent ranges overnight as the demand for riskier appetite returns in direction-less trade after US trade numbers showed a bigger reduction in the deficit for February to -$37bn, much better tha read more
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Japan's economic recovery slower than thought

posted by Avatar annie 808 days ago in JPY, GDP made popular 808 days ago

Japan's economy grew at a slower rate than previously thought in the fourth quarter of 2009, new data showed Thursday, raising fresh concerns over the country's recovery from a crushing recession. read more
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Gold ends slightly higher as dollar retreats

posted by Avatar annie 811 days ago in USD, Gold made popular 811 days ago

Gold futures on the COMEX Division of the New York Mercantile Exchange rose a little on Friday after the dollar retreated from its intraday peak. Silver closed higher, but platinum dropped. read more
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The pound in your holiday pocket is taking a hammering

posted by Avatar annie 812 days ago in GBP made popular 812 days ago

When the pound was hammered by foreign exchange traders last Monday, sliding below $1.50 against the dollar, plenty of City analysts cried, "it's the politics, stupid". Holidaymakers face another summer of remembering their pounds don't go as far read more
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The Most Excellent FOREX Tactic for Unswerving Profits

posted by Avatar annie 813 days ago in Special made popular 813 days ago

Some traders have a preference of the monthly, weekly or daily trade FOREX tactic. Others take into account that the best FOREX tactic is the intraday trading, and most likely none of them is the conclusive best. read more
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Greece Austerity Measures Help Euro

posted by Avatar annie 815 days ago in USD, EUR, Employment made popular 815 days ago

U.S. Dollar Trading (USD) the market reacted well to the new Greece Austerity measures in Europe and the Euro led the majors higher against the greenback. Adding to the positive sentiment was the February ISM Services PMI at 53 vs. 51 forecast. F read more
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Payrolls Probably Declined in February

posted by Avatar annie 818 days ago in USD, Employment made popular 818 days ago

Companies in the U.S. probably cut more jobs in February and the unemployment rate increased, indicating the labor market in the world’s largest economy is still struggling to rebound, economists said before a government report this week. read more
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Yen dips but supported by safety bids, euro firmer

posted by Avatar annie 821 days ago in EUR, JPY made popular 821 days ago

The yen dipped on Friday but held on to the bulk of its gains from the day before, as doubts about the pace of a global economic recovery and persistent worries about sovereign debt problems in Greece kept investors away from riskier currencies. read more
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Japan govt spokesman: to work with BOJ on deflation

posted by Avatar annie 821 days ago in JPY, GDP made popular 821 days ago

Japan's top government spokesman said on Friday that the government and the BOJ will work together to beat deflation and ensure an economic recovery.
"We must step up policy efforts," Chief Cabinet Secretary Hirofumi Hirano told a news conferenc read more