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Week Ahead: Europe continues to be a hurdle for markets

posted by Avatar victoryismine 260 days ago in EUR, Economic Indicators made popular 260 days ago

There is a flurry of US economic data in the coming week, including retail sales on Wednesday and inflation data Wednesday and Thursday. In an encouraging sign, economists this past week began to raise third-quarter GDP forecasts. ... read more
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ONGC starts oil gas production from GS-15 field

posted by Avatar victoryismine 263 days ago in Commodities made popular 263 days ago

ONGC cited the Oil Ministry's gas pricing order, which had fixed a base price of USD 4.50 per mmBtu for gas from the KG Basin and given an additional USD 0.25 per mmBtu if the gas was coming from offshore fields, to demand a gas price of USD 4.75 per ... read more
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Euro Declines Before German Factory-Orders Data; Franc Advances

posted by Avatar victoryismine 264 days ago in CHF made popular 264 days ago

While all the 57 economists surveyed by Bloomberg expect the central bank to leave its benchmark interest rate unchanged at 1.5 percent at its policy meeting on Sept. 8, traders bet it will cut rates by 32 basis points over the next 12 months, ... read more
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Dollar Losses Limited, Markets Expecting Heightened Volatility

posted by Avatar victoryismine 270 days ago in CHF

An embattled euro zone, fending off market bears amid turmoil in its peripheral nations, also looks to be losing ground in financial markets as safe haven assets such as the Swiss franc (CHF) and Japanese yen (JPY) make gains; though central bank ... read more
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Political threats blocking best policies for recovery - Paul Krugman

posted by Avatar victoryismine 274 days ago in USD

Obviously, the US economy remains deeply depressed, and under normal conditions we would expect the Fed to pump it up by cutting interest rates. But the interest rates the Fed normally targets - basically rates on short-term US government debt - are ... read more
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British Pound Sterling: Currency more losses vs EUR and USD seen

posted by Avatar victoryismine 274 days ago in EUR, GBP made popular 274 days ago

The pound to euro exchange rate is 0.143% lower on the day with 1 GBP = 1.1317 EUR. The pound to dollar exchange rate is 0.295% higher with 1 GBP = 1.6331 USD. Looking at the British Pound from a technical viewpoint we see that further losses against ... read more
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Rally Stalls, European Growth Slowing

posted by Avatar victoryismine 278 days ago in AUD, Commentary

Crosses were mixed with AUD/JPY falling with stocks whilst GBP/JPY pushed higher with the stronger UK CPI. Stock market movements will continue to direct the safe haven currency for the rest of the week. The Sterling (GBP) outperformed and was the ... read more
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Japan Jun Avg Wages Revised -0.7% Y/Y; Overtime Pay Cut Eased

posted by Avatar victoryismine 284 days ago in JPY, NZD made popular 284 days ago

Sean Lee: Hi Mike, how much time have yu got I'm coming off an excellent EUR/AUD trade where I picked up... Frank: If the AUDNZD can make it to about 1.20 or 1.19 by Sept 30 then down trend to maybe even 1.12 or lower... read more
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Chart NZD/USD Update: Upside bias seen corrective

posted by Avatar victoryismine 286 days ago in NZD made popular 286 days ago

You must be aware of the risks of investing in forex, futures, and options and be willing to accept them in order to trade in these markets. Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with ... read more
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Yen Drops as Stocks Poised to Advance, Japan Intervention Concern Remains

posted by Avatar victoryismine 291 days ago in JPY, NZD

The dollar declined against 10 of its 16 most-traded peers after the Federal Reserve yesterday pledged to keep its key interest rate at a record low to at least mid-2013 to revive the flagging economic recovery. The Australian and New Zealand dollar ... read more
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Estonia Trade Deficit Declines In June

posted by Avatar victoryismine 292 days ago in Economic Indicators

Estonia's trade deficit dropped in June due to a faster growth in exports compared to imports, Statistics Estonia said Tuesday. The trade balance was EUR 59.8 million in June compared to EUR 93.3 million in June last year. ... read more
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US downgrade may pose newchallenges for India

posted by Avatar victoryismine 293 days ago in USD

The overall national debt of the US is moving nearer to $ 15 trillion, out of which it owes over USD 4.5 trillion to foreign countries holding the US government debt securities. While China is the single-largest holder of the US treasury bonds of $1.15 ... read more