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Rupee hits 2-1 2-year low on shares

posted by Avatar forexclaim 194 days ago in Commodities made popular 194 days ago

Indian shares erased early gains to fall 0.4% to their lowest close in three weeks, while Brent crude oil steadied around USD 114 per barrel. Oil is India's biggest import item and domestic oil refiners are the largest purchasers of dollars in the ... read more
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On Friday, USD/JPY simply extended its decline throughout the session

posted by Avatar forexclaim 194 days ago in USD, JPY

We don't see much room for a sustained rebound of USD/JPY, except when it might get additional big support from the BOJ. The cat-and-mouse game between the BOJ/MOF and the market continues. On Friday, EUR/GBP was supported by the overall rebound of the ... read more
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NZD/USD Weekly Outlook: October 31-November 4

posted by Avatar forexclaim 209 days ago in NZD

In New Zealand, official reports are to be released on building consents and employment change. Ahead of the coming week, Forex Pros has compiled a list of these and other significant events likely to affect the markets. New Zealand is to publish ... read more
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USD JPY lower in mid-day Asian trade

posted by Avatar forexclaim 211 days ago in USD, JPY

In mid-day Asian trade USD/JPY hit 75.85, the pair's lowest since Thursday and hovering barely above the all-time low of 75.75 set Tuesday; the pair subsequently consolidated at 75.89, losing 0.16%. The pair was likely to find support at 75.75, ... read more
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Chart EUR/AUD Update: Renewed weakness sinking prices twds support ...

posted by Avatar forexclaim 211 days ago in EUR

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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Flash: Frustrated dip-buyer on EUR/USD - SocGen

posted by Avatar forexclaim 212 days ago in EUR, NZD

Due to the higher risk sentiment, CAD, AUD, NZD and Asian currencies are also likely to build on recent gains, benefited by "an easy Fed, better data and lower inflation in the region (providing) a potent cocktail." Make significant savings on your ... read more
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Committed To A Stronger Euro?

posted by Avatar forexclaim 214 days ago in EUR made popular 214 days ago

... suggest a EUR/USD closer to 1.35 (especially since the Italian Triumvirate Draghi, Visco and Bini-Smaghi will not oppose the widely expected ECB rate cut - more seriously as today's PMI confirmed that the Euro zone is on the brick of recession). ... read more
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What's Happening With Currencies

posted by Avatar forexclaim 219 days ago in NZD made popular 219 days ago

by FXAlliance Team - ForexAlliance | View company's profile Commodity bloc currencies are leading the pack, with all three (CAD, AUD, NZD) making gains against a backdrop of losses for the other major currencies. Concern continues to weigh heavily on ... read more
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AUD/USD Gains In Early Asian Trade

posted by Avatar forexclaim 222 days ago in AUD, Economic Indicators

Meanwhile, the Australian dollar was higher against both the euro and the Japanese yen, with EUR/AUD falling 0.13% to hit 1.3507, and AUD/JPY up 0.36% to hit 78.29. The Reserve Bank of Australia was scheduled to release minutes from its October 4 ... read more
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Gold steady after Germany warns about debt plan

posted by Avatar forexclaim 222 days ago in USD, EUR

The US Federal Reserve should step up its campaign to boost a withering economy with a vow to keep interest rates at zero until the jobless rate falls below 7 percent, a top Fed policymaker said on Monday. * For the top stories on metals and other news ... read more
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Trichet Exits on a Low Note

posted by Avatar forexclaim 233 days ago in CHF

The dollar is lower against the EUR +0.23%, GBP +0.18% and JPY +0.11% and higher against the CHF -0.02%. The commodity currencies are stronger this morning, CAD +0.27% and AUD +0.87%. Are USD bulls entering the reload and lock territory? ... read more
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EUR Remained Bullish on Better than Expected Economic Data

posted by Avatar forexclaim 239 days ago in EUR

A drop in US weekly jobless claims and Germany's vote to approve an expanded euro-zone rescue fund boosted optimism. The prospect of containment of the Euro-zone debt crisis lifted hopes for increase in global oil demand. Traders are advised to follow ... read more