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Dollar broadly higher on downbeat Fed outlook

posted by Avatar skushno 247 days ago in USD, EUR made popular 247 days ago

During European morning trade, the greenback was up against the euro, with EUR/USD shedding 0.32% to hit 1.3530. At the conclusion of its policy setting meeting on Wednesday the Fed unveiled a plan to trade short-term bonds for long-term ones, ... read more
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Will Wisdom Temper A Market Driven On Faith, Hope And Charity?

posted by Avatar skushno 251 days ago in EUR made popular 251 days ago

EUR/USD was rejected from the 38.2% Fib retracement of the decline from the highs above 1.4550 to the near 1.35 lows and the pair is currently trading around the 1.38 figure. Also weighing on the euro is the shift in stance by the ECB. ... read more
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Euro Strengthens As European Equities Rally

posted by Avatar skushno 254 days ago in EUR, CHF made popular 254 days ago

The bank also retained the sight deposits at the SNB at significantly above CHF 200 billion. Meanwhile, the Swiss industrial production grew slower than expected in the second quarter, data from the Federal Statistical Office showed. ... read more
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Canadian Dollar Slips Against Most Majors

posted by Avatar skushno 255 days ago in CAD

The loonie is now trading at 77.19 against the yen and 1.3637 against the euro, compared to Wednesday's close of 77.49 and 1.3609, respectively. The Italian Parliament on Wednesday gave its final approval to the EUR 54 billion-austerity plan, ... read more
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No 'We' in EURO hurts Currency

posted by Avatar skushno 257 days ago in EUR, CHF

The dollar is higher against the EUR -0.38%, GBP -0.39%, CHF -0.18% and lower against the JPY +0.92%. The commodity currencies are weaker this morning, CAD -0.12% and AUD -1.45%. The loonie completed its biggest weekly decline in a month on Friday ... read more
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AUD/USD favors retest of 1.0710 V.Bednarik

posted by Avatar skushno 262 days ago in AUD made popular 262 days ago

AUD/USD advanced into 1.0660 area where it closed the American trade, 180 pips above its opening price, erasing 2 days loses against the greenback. Technically speaking, "Losing some strength according to the hourly chart, the pair holds above 20 SMA ... read more
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Asian stocks edge higher in early trade; Nikkei tags on 1.5%

posted by Avatar skushno 263 days ago in JPY made popular 263 days ago

The BOJ stepped in on August 4, as USD/JPY fell below 77.01. In early Asian trade USD/JPY was changing hands at 77.43. Earlier Tuesday, the US Institute of Supply Management reported its non-manufacturing purchasing manager's index rose by 0.6 in ... read more
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NZD/USD back below .8300

posted by Avatar skushno 264 days ago in NZD made popular 264 days ago

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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Euro Falls on Signs of Slowing Europe Recovery; Yen, Franc Rise

posted by Avatar skushno 270 days ago in CHF

The euro area's unemployment rate in July held at 9.9 percent for a fifth month, according to the median estimate of economists in a Bloomberg News survey before the release of the data today. Initial estimates for the region's inflation rate this ... read more
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Market factors to watch - Aug 31

posted by Avatar skushno 270 days ago in Economic Indicators made popular 270 days ago

... may influence local financial markets on Wednesday: WHAT IS HAPPENING TODAY IN THE PHILIPPINES - National Statistical Coordination Board holds press conference on second quarter GDP data, NSCB Operations Room, 5/F Midland Buendia Bldg, Makati City, ... read more
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RUPEE: Propped Up By Overnight Rise In Euro

posted by Avatar skushno 285 days ago in EUR, JPY made popular 284 days ago

The JPY/INR contract is down 0.67% at 58.82 from 59.22 while the GBP/INR contract gained 0.18% at 73.96 from 73.83 at close on Friday. At the time of writing, the NSE as well as MCX August 2011 USD/INR contract was trading at around 45.23, ... read more
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USD/JPY update (15th Aug 2011, 06:00)

posted by Avatar skushno 286 days ago in USD, Economic Indicators

In Asian trade, the US dollar is higher against the yen after the release of Japanese GDP data. USD/JPY opened this morning's session at 76.82 and moved higher to the 77.08 level before retreating slightly. It's currently trading around the 76.91 level ... read more