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ForexLive Asian market wrap: Stocks fall by 2%; FX market quiet again

posted by Avatar ColdFire 265 days ago in AUD made popular 265 days ago

Ranges: 1.4134/72 AUD/USD has fallen steadily through the session mainly on risk-aversion sentiment and the squaring up of recent longs ahead of the RBA. We saw a modest bounce off the lows after some strong business inventory data. ... read more
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How to Tell a Hawk from a Vulture

posted by Avatar ColdFire 270 days ago in CHF

It's now trading at USD$1827 and AUD$1713. And as you'd expect, traders are selling the safety of the Swiss franc and buying the risky Aussie dollar. As you know, the Swiss franc is one of our early warning signals for crashing markets. ... read more
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GBP/USD, above 1.6436 might retest 1.6618 - MIG Bank

posted by Avatar ColdFire 271 days ago in USD

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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Trading Week Outlook: August 29 - September 2, 2011

posted by Avatar ColdFire 273 days ago in USD, EUR, CHF

CHF- Swiss GDP- Gross Domestic Product, the main measure of economic activity and growth, Thurs., Sep. 1, 1:45 am, ET. Although growing a bit faster that the 0.3% q/q pace in the first quarter, the Swiss economic growth in Q2 2011 is expected to be ... read more
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DJIA Today: Steve Jobs Resigns, Buffett Gives BoA $5B, Gold Tumbles

posted by Avatar ColdFire 275 days ago in USD, Economic Indicators

The dollar-swissie is at .7976, up 19 pips the dollar-cad is down 22 points, at .9847 and the aussie-dollar is down 15 pips, trading close to its most widely traded price, at 1.0452. Traders remain cautious ahead of Federal Reserves Chairman ... read more
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Credit Agricole Profit Beats Estimates, Reiterates Earnings Goal

posted by Avatar ColdFire 275 days ago in EUR made popular 275 days ago

European Union leaders agreed to a 159 billion-euro aid package for Greece on July 21, the country's second following a 110 billion-euro bailout in May 2010. State asset sales will make up part of the financing of that plan, while holders of Greek debt ... read more
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AUD/USD: Decent buying interest near 1.0315

posted by Avatar ColdFire 282 days ago in CHF, AUD

Strong economy, reasonable debt to income(GDP) ratio. And the most important thing,... Sean Lee: Matt, since I've been in the FX market the CHF and USD were the two main risk aversion currencies. In... Matthew Smith: Hi Sean, I realize that the Yen and ... read more
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USD/CHF: Fresh highs above 0.8000

posted by Avatar ColdFire 283 days ago in CHF

Likewise, EUR/CHF retreat from 1.1465 high on Monday, found support at 1.1160 low, were the pair found support to bounce up over the US session and extend higher in Asia, breaching 1.1465 high to hit fresh 3-week highs at 1.1555 so far. ... read more
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GBP/USD update (12th Aug 2011, 15:30)

posted by Avatar ColdFire 288 days ago in USD, Economic Indicators made popular 288 days ago

This would have meant that UK GDP for the second quarter would need to be revised upward, with JP Morgan suggesting that the figure might edge up from 0.2% to 0.3% (gosh, how exciting). However, the ONS was then forced to issue a mea culpa, ... read more
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The JPY extended its recent gains overnight

posted by Avatar ColdFire 290 days ago in USD, JPY

The JPY extended its recent gains overnight, reaching a fresh post WWII high after the US Fed was unable to assuage investor fears that the global economy is slowing. However, rhetoric from Japanese officials has intensified over the past several days ... read more
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Bankers refuse to wait ten years to get their interest

posted by Avatar ColdFire 291 days ago in CHF made popular 291 days ago

It seems they would be willing to agree to a fixed rate of HRK 5.8 for CHF 1 for home loans granted in the Swiss currency, and to acknowledge the difference from the actual exchange rate as a borrower's debt, but they want this differential to be ... read more
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Further declines in the AUD and the other majors were prevented

posted by Avatar ColdFire 291 days ago in AUD, Economic Indicators made popular 291 days ago

EUR rallied from a 1.4150 low to as high as 1.4250 while the GBP regained the 1.6300 level. Tonight, we have the release of the UK Manufacturing Production number, Canadian Housing Starts and, most importantly, the FOMC State-ment. ... read more