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GBP/USD Continues To Recover To Above 1.64
The value of the RSI indicator is positive and declining, MACD is positive and inclining upwards, while CCI has thinly crossed up the 100 line on the 1 hour chart, giving overall light long signals. 5:27 GMT+1 Buy GBP/USD at 1.6369 SL 1.6343 TP 1.6429, ...
28 votes
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Australian Dollar Holds Near Week-High After Bernanke Boosts Risk Appetite
It traded at 64.46 yen from 64.44. Benchmark rates are 4.75 percent in Australia and 2.5 percent in New Zealand, compared with as low as zero in the US and Japan, attracting investors to the South Pacific nations' higher-yielding assets. ...
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USD/JPY update (24th Aug 2011, 06:00)
The downgrade was also prompted by a large budget deficit and build up in government debt since the 2009 global recession. The reaction in the JPY was relatively muted as most traders and economists would suggest this had been widely expected. ...
40 votes
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Precious Metals Set to Move
The Australian dollar, Canadian dollar (CAD), pound and euro (EUR) are aimlessly trotting along each day, only moving in reaction to regional breaking news headlines. Welcome to the globalized investment arena, where reactions are quicker, ...
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Growing US Inflation Suggests QE3 Disappointment
While Fed Chairman Bernanke maintains the position that US inflation is transitory, the data suggests the risk of deflation is slowly disappearing. As shown by last week's FOMC vote which had three dissenters against the pre-committed interest rate ...
34 votes
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Barisan Gold Announces Listing on TSX Venture Exchange
For each Barisan Gold share owned, shareholders will receive one Barisan Gold right, which if exercised, will allow shareholders to purchase one Barisan Gold unit (comprising one share and one half share purchase warrant), for CAD$0.55 per Barisan Gold ...
4 votes
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Markets Crash on US S&P Rating Downgrade
The Japanese Yen gained broadly against most currencies with safe haven demand supporting. The BOJ and MOF complained loudly about the price of the Yen and recent one sided movements. The allowed the USD/JPY to find support at Y86.50. The USD/JPY is up ...
24 votes
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British Inflationary Data on Tap
The value of safe-haven assets like the Swiss franc (CHF) and Japanese yen (JPY) have been buoyed by a shift away from higher yielding assets, though the Swissie's value was gouged by recent talk of capping its strength. With the economies of Europe ...
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Keys for EUR This Week: Periphery Yields, European Equities, 2Q GDP
Preliminary 2nd quarter GDP data is on tap for Tuesday. It's an important release, early in the week, that will give us some insight into how the periphery and core countries performed this last quarter. A lot of the worries around credit ratings, ...
31 votes
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Dollar mixed in early U.S. trade
The greenback was higher against its Canadian, Australian and New Zealand counterparts with USD/CAD up 0.44% to hit 0.9882, AUD/USD down 0.15% to hit 1.0341 and NZD/USD lower by 0.19% to hit 0.8301. The dollar index, which tracks the performance of the ...
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Low Interest Rates through 2013 Helps USD Stabilize
The euro (EUR) was seen trading with largely mixed results yesterday as traders moved into and away from riskier assets across the region. Against the US dollar (USD) the euro was seen trading sideways in late trading as shifts back into the greenback, ...
37 votes
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Aussie, Kiwi extend decline in Asia
The Australian and Kiwi dollars continues to slide versus the greenback, with AUD/USD hitting a fresh five-month low of 1.0140 in early Asia, and NZD/USD dropping more than 650 pips to lows below 0.8180 since its July peak ...


