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Euro drops broadly, may stay pressured next week

posted by Avatar emmypiu 260 days ago in USD, EUR, JPY, CHF, CAD

Money markets have consequently priced in an interest rate cut from the European Central Bank by year-end. Strategists believe the euro could drop to $1.30 in fairly short order as euro zone officials muddle through the region's sovereign debt crisis, ... read more
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USD/JPY, break of 77.70 turns bias positive - IFRMarkets

posted by Avatar emmypiu 264 days ago in USD, JPY made popular 264 days ago

USD/JPY is now trading below its opening price after shy movements to record session highs in the 76.95 zone during early Asian trade. At present, the pair quoted in the 76.80 price zone, 5 pips below its starting price. ... read more
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NZD/USD rejection off 0.8500 gives clues for the bulls

posted by Avatar emmypiu 269 days ago in NZD

Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you ... read more
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ADP Non-Farm Employment Change on Tap Today

posted by Avatar emmypiu 269 days ago in AUD, Economic Indicators

... sudden dip in the Australian housing market which saw building permits and new home sales decline. This movement has gouged the AUD against all of its currency rivals, especially against safe-havens like the US dollar (USD) and Japanese yen (JPY). ... read more
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European markets soar; Bernanke has boosted confidence

posted by Avatar emmypiu 271 days ago in EUR

In currency markets Euro and Pound, boosted by post-Bernanke optimism are trading at short-term highs, with the EUR/USD right below 8-week high at 1.4550, and the GBP/USD right below 1.6400/10 after having regained 50% of last week's decline. ... read more
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USD dips a bit after Stevens' comments

posted by Avatar emmypiu 275 days ago in USD, AUD made popular 275 days ago

The RBA governor remains upbeat about regional Asia, China in particular, but is becoming less worried about inflation. Cue a 25 bps rate cut next month or at least a signal that a cut is due in October/November. Technically speaking AUD/USD looks more ... read more
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U.S. Dollar Poised For Correction, Sterling To Face Broad Range

posted by Avatar emmypiu 276 days ago in GBP made popular 276 days ago

... the 2% target for inflation. In turn, the GBP/USD may continue to give back the advance from earlier this month, and the exchange rate may trade within a broad range as the fundamental outlook for Britain remains clouded with high uncertainty. ... read more
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Favouring the 'true' commodity currencies: AUD, CAD, CLP, BRL

posted by Avatar emmypiu 277 days ago in AUD made popular 277 days ago

The Australian Dollar, Canadian Dollar, Chilean Peso and Brazilian Real should be seen as 'true' commodity currencies suggest currency analysts at Barclays Capital. In a note to investors today Barcalys say that should these currencies decouple from ... read more
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EUR/JPY limited below 111.00

posted by Avatar emmypiu 279 days ago in EUR, JPY made popular 279 days ago

EUR/JPY opened the Asian trade at 110.36, up from Friday's closing price at 110.09, and has since been ranging between 110.90/110.00, last quoted near its staring price. Valeria Bednarik, Chief Analyst at FXstreet.com notes: ... read more
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Time to Buy the US Dollar?

posted by Avatar emmypiu 284 days ago in USD

Based upon our 17-year currency cycle, which is a subset of the 34-year secular equity/commodity cycle and the 68-year deflation/inflation bond cycle, we have been expecting foreign currencies to top, versus the USD, in the year 2012 1 year. ... read more
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French June Current Account Deficit Narrows

posted by Avatar emmypiu 290 days ago in CHF made popular 290 days ago

The French current account deficit decreased to EUR 3.4 billion in June largely due to a fall visible trade deficit, the Bank of France said Wednesday. The deficit narrowed from May's EUR 5.5 billion shortfall. The goods trade resulted in a ... read more
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UPDATE 1-SNB should defend franc target-Swiss experts

posted by Avatar emmypiu 293 days ago in CHF made popular 292 days ago

Thomas Flury, head of foreign exchange trading at UBS wealth management, said he feared the franc could rise to parity with the euro. "The SNB will not be able to get around defending a fixed exchange rate to avoid deflation," he told the NZZ am ... read more