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Market Morning Briefing

posted by Avatar posh 265 days ago in JPY

Read our current comments and trade recommendations on EUR-USD, USD-JPY and EUR-JPY by registering to our newsletter. The US markets fell sharply of Friday following the US NFP data which came in unchanged. This is the first time since the World War II ... read more
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Investors Likely to Look Past Economic Data and Focus on Bernanke

posted by Avatar posh 274 days ago in all

GBP/USD: The market remains locked in a broader consolidation off of the April highs, and a fresh top is now sought out by 1.6600 in favor of the next downside extension back towards the recent range lows at 1.5780. Ultimately, only a daily close above ... read more
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Barkerville Gold Announces Acquisition of Craze Creek Property

posted by Avatar posh 276 days ago in CAD, Commodities made popular 276 days ago

Such 1% net smelter return royalty can be purchased by the Company for CAD$1000000. The acquisition will be subject to certain conditions including TSX Venture Exchange approval. Since the mid 1990s the Company has focused on exploration and ... read more
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USD's safe-haven status saves it from crashing

posted by Avatar posh 278 days ago in USD, CHF made popular 278 days ago

Commodity-linked currencies like the AUD, NZD and the CAD are considered riskier currencies, so they tend to fall against the USD in times of panic. However, the USD fell against the JPY and CHF because these currencies are viewed as "safer". ... read more
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USD/CAD weekly outlook: August 22 - 26

posted by Avatar posh 279 days ago in USD, CAD made popular 279 days ago

Looking ahead, speculation that Federal Reserve Chairman Ben Bernanke may use the Jackson Hole symposium to announce additional measures to support the US economy seem likely to continue to weigh on market sentiment. Ahead of the coming week, ... read more
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Daily markets wrap

posted by Avatar posh 292 days ago in NZD made popular 292 days ago

The NZD was the worst performing currency over the past 24 hours, buffeted by rising risk aversion and falling commodity prices. NZD/USD opened the week around 0.8400, but has dropped to 0.8250 currently. The spike in risk aversion was driven by the ... read more
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Japan central bank loosens policy after government stages currency intervention

posted by Avatar posh 297 days ago in JPY made popular 297 days ago

The Bank of Japan's policy board voted unanimously Thursday to expand an asset purchase program to 50 trillion yen ($638.3 billion) from 40 trillion yen. It kept its key interest rate range at zero to 0.1 percent. Gov. Masaaki Shirakawa shortened the ... read more
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USD/JPY bounces slightly after ADP jobs data

posted by Avatar posh 297 days ago in USD, JPY made popular 297 days ago

The Dollar rebounded from session lows and managed to trim losses versus Yen after a report showed US private sector employment rose more than expected in July. USD/JPY rose almost 20 pips to 77.17 from 76.99 before the data. ... read more
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China's Xinhua Says US Hasn't Defused Its 'Debt Bomb'

posted by Avatar posh 298 days ago in USD, CHF made popular 298 days ago

Wait and see what Europe does with EUR/CHF; if it gets smashed again then EUR/USD will be down towards 14000 I'd say John cheers: No Harry we all have our weaknesses. I can't trade the CHF fer nothing, Sean can't trade the Cad, it just a matter of your ... read more
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Asian Market Update: Risk aversion returns to the Asian markets despite the US ...

posted by Avatar posh 299 days ago in USD, JPY

Japan's Ruling party DPJ chief Gemba noted it was very important to monitor strength in JPY; Steps including monetary easing will be needed is strong yen persist after US debt deal is reached. Lastly an unnamed Japan govt official said that Japan has ... read more
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Elliott Wave Perspective of the AUD/NZD Ahead of the RBA Interest Rate ...

posted by Avatar posh 299 days ago in NZD made popular 299 days ago

Mentions of inflation however will bring market expectations back and give it an excuse to respect the 1.24 support, and rebound at or above it. - Sometimes it will take a session or two before the market gets to a decision, but if the statement ... read more
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Several deadlocks in debt ceiling negotiations safe havens advance

posted by Avatar posh 302 days ago in CHF made popular 302 days ago

The USD/JPY rate is around 77.5. The risk-off scenario we are seeing is putting pressure on the cross rate. Given the shift of stop profit, we maintain our SELL recommendation. EUR/CHF (NEUTRAL): the markets are beginning to look out for the all-time ... read more