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"A puritanical approach to inflation cannot be maintained against the backdrop ...

posted by Avatar skushno 199 days ago in JPY

USD/JPY seems to have a floor on the back of BoJ intentions, do you expect a quick recovery and the USD pricing above 80.00 against the Yen in the short time? The FX market is highly skeptical of Japanese policy officials' commitment to drive its ... read more
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Downside risks to EUR/USD in the cards this week

posted by Avatar skushno 200 days ago in EUR, CAD made popular 200 days ago

CAD - CAD is up 0.2% vs. the USD and gaining on most crosses as EUR driven concerns drive most majors lower. CAD movement has been less volatile than most of its peers, a trend that is set to continue for now. USD/CAD remains near the upper end of its ... read more
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US soy falls for 2nd session, LatAm plantings weigh

posted by Avatar skushno 202 days ago in USD, EUR, AUD, Commodities made popular 201 days ago

Chicago grain and oilseed markets have traded in a narrow range for the past several weeks and some investors are reluctant to take new positions until the US agriculture department updates its supply-demand forecast in a monthly report on Wednesday. ... read more
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Euro selloff pauses as attention turns to Fed

posted by Avatar skushno 207 days ago in EUR, JPY made popular 207 days ago

"The FX market is not at the moment prepared to challenge the Japanese authorities and push USD/JPY back below 78, but at this point the MOF doesn't seem keen to force USD/JPY higher either," said Kit Juckes, strategist at Societe Generale. ... read more
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Daily Forex Summary on USD, Euro, GBP, JPY, AUD, CAD and NZD

posted by Avatar skushno 211 days ago in EUR, NZD

The pause comes as the initial euphoria over the Eurozone debt plan wanes and there are renewed signs of the underlying economic deficiencies in the EU economies. Nevertheless, the USD still appears headed for its third weekly loss and remains near its ... read more
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USD/JPY Hits New Record Low After US GDP Data

posted by Avatar skushno 212 days ago in EUR, Economic Indicators

USD/JPY hit 75.66 during European afternoon trade, the pair's all time low; the pair subsequently consolidated at 75.73, dropping 0.59%. The pair was likely to find support at 74.80 and resistance at 76.31, Wednesday's high. ... read more
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BNZ streamlines trade with China

posted by Avatar skushno 214 days ago in NZD made popular 214 days ago

Bank of New Zealand is pleased to announce the availability of a wide variety of CNY related services for its clients, an essential role in New Zealand's trade with China. BNZ clients are now able to convert payments and receipts between CNY and NZD ... read more
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Doubts still surround EU bailout fund proposals

posted by Avatar skushno 219 days ago in JPY made popular 219 days ago

Japan finally released details of its draft plan of measures to counter the strong JPY but, with most leaked well before publication day, the impact was negligible. As rumoured, the plan includes the launch of a combined MOF-BOJ task force to deal with ... read more
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Technical and Fundamental Analysis for the Week of October 17, 2011

posted by Avatar skushno 223 days ago in Analysis

Friday October 21: Both economies will not release any fundamentals and the pair will be affected by the prevailing economic sentiment. The GBP/USD pair rose during the week, and even broke the 1.58 level. The real question now is whether or not the ... read more
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EUR GBP down in Asian trade

posted by Avatar skushno 237 days ago in EUR made popular 236 days ago

Meanwhile, the Euro was down against the US Dollar and the Japanese Yen, with EUR/USD shedding 0.47% to hit 1.3325 and EUR/JPY falling 0.56% to hit 102.57. Forexpros - Forexpros offers a diverse set of professional tools for Forex, Futures and CFDs. ... read more
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Dollar gives up some gains after rally

posted by Avatar skushno 246 days ago in USD

Traders took a wait-and-see approach after the Federal Reserve's announcement it would try to push down interest rates by divesting $400 billion from short-term bonds and pump the cash back into longer-term bonds. After the Federal Reserve ... read more
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USD/CAD Up In U.S. Trade

posted by Avatar skushno 246 days ago in Economic Indicators made popular 246 days ago

By ForexMansion.com Forexpros The US Dollar was higher against the Canadian Dollar on Thursday after the release of US data on Initial Jobless Claims. USD/CAD was trading at 1.0294, up 2.12% at time of writing. The pair was likely to find support at ... read more