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Volatile but little changed

posted by Avatar posh 219 days ago in NZD

AUD bounced from the Sydney close of 1.0148 to 1.0298 during the London morning, fell to 1.0164 during NY, and is current up to 1.0258 about where it was 24-hours earlier. NZD similarly bounced between 0.7873 and 0.7991, currently at 0.7942. ... read more
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NZD stable against Euro

posted by Avatar posh 220 days ago in NZD made popular 220 days ago

It was a day of consolidation in NZ interest rate markets. Swap and bond yields closed up 1-2bps. Offshore, Moody's downgraded Spain's credit rating. It was quite a subdued day in NZ swap markets. There was some interest to pay 5-year swap rates around ... read more
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AUD rallied against USD for a second consecutive week

posted by Avatar posh 223 days ago in AUD

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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Resurgent Euro weakens Dollar, aids Rupee

posted by Avatar posh 224 days ago in EUR

The price of crude oil (Brent), for instance, has gone up almost 9 per cent over the last week to around $115 a barrel. Also, demand for gold seems to be again picking up with the price for the yellow metal up 1.2 per cent over the past week, ... read more
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GBP/USD upside capped at 1.5600

posted by Avatar posh 242 days ago in USD made popular 242 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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Daily Trading Forecast

posted by Avatar posh 246 days ago in EUR

With the Dollar slightly under pressure this European morning, EUR/USD and GBP/USD are currently gaining some territory. We see daily upper limits around 1.3580/1.5490 being reached soon, from where we reckon with new selling for the day, probably down ... read more
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Euro Zone Manufacturing PMI Falls To 25-month Low In September

posted by Avatar posh 247 days ago in EUR made popular 247 days ago

Commenting on the report, Chris Williamson, Chief Economist at Markit said, The flash PMI indicates that the Eurozone economy probably stagnated in the third quarter, having slipped into contraction for the first time in just over two years in ... read more
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AUD/USD recovers, bounces from 1.0230

posted by Avatar posh 249 days ago in AUD made popular 249 days ago

AUD/USD is back trading near opening prices after dipping 45 pips in early Asian trade. The pair opened the session at 1.0275, then fell to 1.0230 where it encountered buying interest at those lows. At the time of writing, ... read more
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What's Happening With Currencies

posted by Avatar posh 250 days ago in CHF

The US dollar has gained against both the EUR and GBP, along with the JPY and CHF. But, greenback losses have mounted against the AUD, NZD and the CAD. Meantime, all eyes are on European finance ministers this weekend as they meet to conjure up ... read more
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Bernanke's Speech Causes Late Sell Off

posted by Avatar posh 261 days ago in USD, CAD, AUD, Commodities made popular 261 days ago

The EURUSD (see above chart) fell the most in a month from highs of 1.4095 to as low as 1.3873 as the ECB President Jean Claude Trichet said that the downside risks in the region have intensified, dampening the outlook for interest rate increases. ... read more
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The SNB comes to play and sets EUR/CHF minimum at 1.2000

posted by Avatar posh 263 days ago in CHF

The Euro has regained ground supported by EUR/CHF strength, and EUR/USD recovery from 1.4040 has extended almost 300 pips higher, reaching 1.4285. "The current massive overvaluation of the Swiss franc poses an acute threat to the Swiss economy and ... read more
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USD/CAD reaches 3-week highs

posted by Avatar posh 264 days ago in CAD

USD/CAD broke above 0.9900 and hit its strongest since Aug 18 at 0.9931 before easing slightly, with the Loonie also weighed down by oil prices drop. At time of writing, USD/CAD is trading around 0.9910 where it records a 0.49% gain on the day. ... read more