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CHF and JPY were the big winners overnight

posted by Avatar ColdFire 292 days ago in CHF, AUD made popular 292 days ago

Meanwhile, against the AUD, the kiwi opens at 0.8040. Great British Pound: The Pound Sterling rallied against the Greenback during Asian trade yesterday on the back of Friday's downgrade of US debt from AAA to AA+ as markets continue to speculate its ... read more
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ECB risk moves working?

posted by Avatar ColdFire 292 days ago in EUR, CHF made popular 292 days ago

The dollar is lower against the EUR +0.35%, GBP +0.18%, CHF +1.10% and JPY +0.75%. The commodity currencies are weaker this morning, CAD -0.10% and AUD -0.80%. On Friday, the Canadian jobs report was firmer than the headline would suggest (+7.1k vs. ... read more
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EUR/USD down as global growth, debt fears weigh

posted by Avatar ColdFire 298 days ago in EUR made popular 298 days ago

EUR/USD hit 1.4162 during late Asian trade, the daily low; the pair subsequently consolidated at 1.4175, shedding 0.23%. The pair was likely to find support at 1.4067, the low of July 19 and resistance at 1.4282, Tuesday's high. ... read more
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Dollar trims gains after upbeat US data, debt vote eyed

posted by Avatar ColdFire 303 days ago in USD made popular 303 days ago

The greenback was also higher against the pound, with GBP/USD dipping 0.03% to hit 1.6325. Earlier in the day, a report showed that British retail sales fell at their fastest pace in a year in July, as consumers cut back on spending. ... read more
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Kiwi whipsaws on RBNZ rate statement

posted by Avatar ColdFire 304 days ago in NZD made popular 304 days ago

... spike in inflation temporary. NZD/USD saw the price jump up towards a session high at 0.8720 only to reverse sharply to 0.8672 support zone, where grateful buyers sent the price back up to the 0.8700 handle. AUD/NZD is trading marginally higher at ... read more
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Al-Nomes announces USD 500.000 in emergency aid to Somali people

posted by Avatar ColdFire 304 days ago in USD

... Islamic Affairs and Minister of State for Housing Affairs Mohammed Abbas Al-Nomes announced here on Wednesday that the Endowment General Secretariat has decided to grant emergency humanitarian aid worth USD half a million to the people of Somalia. ... read more
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Stock Market Whipsaws Continue

posted by Avatar ColdFire 308 days ago in EUR

... we have so many FX crosses that we follow and setting up trade after trade, week after week, let alone what we follow in commodities and European and US stock markets. If you noticed the AUD/USD pair also moved in tandem with the large move in the ... read more
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USD/JPY ranged between 79.05 and 79.15

posted by Avatar ColdFire 311 days ago in USD, NZD made popular 311 days ago

AUD probed lower to 1.0561 early NY, but later rebounded to 1.0606 for little change. NZD was directionless, ranging between 0.8420 and 0.8465, the negative global sentiment preventing any further reaction to the infl ation surprise. ... read more
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Australian Dollar Outlook 07/21/2011

posted by Avatar ColdFire 311 days ago in EUR, AUD made popular 311 days ago

The Minutes also confirmed concerns in relation to Greece and the European sovereign debt, saying that 'An uncontrolled default could be damaging for the global economy and the risk for this looked more significant than had been the case a few months ... read more
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US stocks rise on strength in IBM housing starts

posted by Avatar ColdFire 312 days ago in USD

Housing starts topped forecasts in June to touch a six-month high, and permits for future construction unexpectedly increased, the government reported. Homebuilder DR Horton Inc climbed 3.6% to USD 11.90. "So far earnings have been showing us a better ... read more
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'Govt, pvt sector must focus on AEZs to boost agri exports'

posted by Avatar ColdFire 312 days ago in Economic Indicators made popular 312 days ago

With food and agriculture exports totalling USD 15.6 billion, India's share is a meager 1.6% of the total global trade, it said. Agriculture and related activities account for employment to 60% of the population in the country, 19% of the GDP and only ... read more
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USD Flat ahead of Light News Day

posted by Avatar ColdFire 313 days ago in USD, CHF made popular 312 days ago

As the August 2 deadline rapidly approaches, we are beginning to see some hedging behavior with the Swiss franc (CHF) and Japanese yen (JPY) acting as alternate stores of value should the US default on its loans. As for today, the US economy will ... read more