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All options on table to halt franc rise

posted by Avatar blitz 289 days ago in CHF made popular 289 days ago

The Swiss National Bank said on Thursday that it was keeping open all options to bring down the "massively" overvalued safe-haven franc, including pegging it to the euro as well as imposing a negative interest rate. In separate interviews published in ... read more
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Equity markets fell across Asia following the weak overnight lead

posted by Avatar blitz 290 days ago in AUD made popular 289 days ago

The USD fell today with the majors closing the day near their highs with the EUR trading at 1.4260 and the GBP hovering around 1.6200. The AUD again tracked the equity markets despite the weaker than expected employment data and an increase in the ... read more
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Gold, Silver and Oil Trading Outlook

posted by Avatar blitz 292 days ago in CHF, Commodities made popular 292 days ago

SNB and BOJ intervened in the currency market to curb excessive appreciation of CHF and JPY respectively. The BOJ shortened the monetary meeting to 1 day and announced to increasing the size of its asset purchase program by +10-T Yen to 50-T Yen. ... read more
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Bank of England Keeps Interest Rates on Hold

posted by Avatar blitz 296 days ago in GBP, Economic Indicators made popular 296 days ago

By JULIA WERDIGIER AND JACK EWING LONDON The Bank of England left its benchmark rate at a record low of 0.5 percent on Thursday, as the British economy remains weak and the sovereign debt crisis weighs on the euro region Britain's biggest export ... read more
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U.S. Debt Deal, Eurozone Stresses Boost Dollar

posted by Avatar blitz 298 days ago in USD, EUR, JPY, AUD, Economic Indicators made popular 298 days ago

The dollar continues to strengthen, with EUR-USD moving below the 1.42 level and back to levels not seen since July 21. AUD-USD is down 0.7%. The Reserve Bank of Australia decided to leave rates unchanged, in line with what most had expected, ... read more
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AUD/USD: Stops all over the frickin shop

posted by Avatar blitz 299 days ago in GBP, AUD made popular 298 days ago

They're in the top 5 of holdings as far as I can remember. gimme gimme gimme Gerry Davies: After a week out on vacation, paying no attention to market, giving my opinion would have been irresponsible. nexus: Thank you for your insight regarding the GBP ... read more
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EUR/USD extends losses on debt vote uncertainty

posted by Avatar blitz 299 days ago in EUR, GBP made popular 299 days ago

The euro was almost unchanged against the pound, with EUR/GBP inching up 0.01% to hit 0.8766. Also Monday, official data showed that the euro zone's unemployment rate remained unchanged at 9.9% in June, holding steady for the fourth consecutive month. read more
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USD/CAD trims losses ahead of U.S. debt deal vote

posted by Avatar blitz 299 days ago in CAD

US lawmakers were expected to narrowly pass the deal, which would cut about USD2.4 trillion from the deficit over the next decade, in a vote later Monday. The Canadian dollar was also up against the euro, with EUR/CAD shedding 0.53% to hit 1.3682. ... read more
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Dollar slumps vs Swiss franc yen on GDP

posted by Avatar blitz 302 days ago in EUR, CHF made popular 302 days ago

... -4.90 81.150 Euro/yen 111.00 111.40 -0.36 +2.18 108.63 Dlr/swiss 0.7882 0.8016 -1.67 -15.57 0.9335 Stg/dlr 1.6454 1.6373 +0.49 +5.48 1.5599 Dlr/cad 0.9547 0.9487 +0.63 -4.21 0.9967 Aus/dlr 1.0995 1.1003 -0.07 +7.76 1.0203 Euro/swiss 1.1331 1.1485 ... read more
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NZD/USD sustains buying interest above 0.8700

posted by Avatar blitz 303 days ago in NZD

According to Raghee Horner, chief currency analyst for Interbank FX: The NZD/USD has no problem with its Directional Bias. There is no doubting the strength of the uptrend and the full command the bulls have on this pair. Swing buys are valid across ... read more
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Gold Price Action Could Suggest Near-Term Debt Ceiling Resolution

posted by Avatar blitz 303 days ago in JPY, Commodities made popular 303 days ago

USD/JPY: The latest daily close below 79.50 certainly compromises our constructive outlook with the market breaking down below some solid multi-day range support in the 80.00 area and dropping into the 77.00's thus far. This now puts the pressure back ... read more
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India's unique forex reserve accumulation story

posted by Avatar blitz 315 days ago in Economic Indicators made popular 315 days ago

Till around 2006-07, India's annual CAD hovered below $10 billion or one per cent of GDP, which was perfectly manageable. In 2010-11, the CAD had expanded to $44.28 billion or 2.6 per cent of GDP, only marginally lower than the 3 per cent level crossed ... read more