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Risk Appetite SINKS

posted by Avatar butterscotch 293 days ago in Economic Indicators made popular 292 days ago

GBP: The Inflation Report is likely to be dovish relative to the May missive, with weaker near-term growth and less medium term inflation risk, but hawkish relative to a market that is now pricing in the first rate hike 1Q 2013. Though GBP/USD backed ... read more
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Daily Foreign Exchange Market Update

posted by Avatar butterscotch 298 days ago in GBP made popular 298 days ago

Part of the Pound's decline can be attributed to a disappointing reading for July's manufacturing Purchasing Manager's Index (PMI) which fell to 49.1 down from 51.4 to indicate a contraction in the UK's manufacturing sector. Today the foreign exchange ... read more
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Europe shares set to extend week-long slide

posted by Avatar butterscotch 299 days ago in EUR made popular 299 days ago

The euro zone debt crisis was also back at the forefront of investors' minds after BNP Paribas (BNPP.PA) missed second quarter profit forecasts due to a charge on its exposure to Greece. BNPP.PA-LEN-RTRS By 0628 GMT, futures for Euro STOXX 50, ... read more
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USD/JPY gains on debt bill vote

posted by Avatar butterscotch 299 days ago in USD

Further underpinning dollar gains, the US House of Representatives voted to approve a bill to raise the nation's debt limit, easing fears that the world's largest economy would default on its loans. Meanwhile the yen moved lower against both the euro ... read more
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Euro zone inflation falls, may help pause rate hikes

posted by Avatar butterscotch 302 days ago in EUR made popular 302 days ago

Euro zone year-on-year inflation slowed unexpectedly in July, the first official estimate showed on Friday, casting new doubt on whether the European Central Bank will raise interest rates again this ... read more
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If by some miracle they do a deal, what's the trade?

posted by Avatar butterscotch 303 days ago in CHF made popular 303 days ago

What would be the way to trade that outcome? Trading EUR/USD on a risk-on/risk-off proposition seems a very dicey way to play, for my money. A better bet, to my mind is a cross play. Selling CHF/JPY would seem to be the way to play here. ... read more
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Gold rise towards record price on US, Europe debt concerns

posted by Avatar butterscotch 303 days ago in EUR, Commodities made popular 303 days ago

NEW YORK: Gold today rose toward a record set yesterday as concern that theUS and Europe will struggle to contain their debt burdens spurs demand for the metal as a protection of wealth. Gold rose by USD 1.30, or 0.1 per cent, to USD 1618.60 an ounce ... read more
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US Debt Ceiling Talks Move in Wrong Direction; Weighs on Sentiment

posted by Avatar butterscotch 307 days ago in USD, CHF made popular 307 days ago

USD/CHF: Despite the intense downtrend resulting in recently established fresh record lows below 0.8100, short/medium/longer-term technical studies are looking quite stretched to us, and we continue to like the idea of taking shots at buying in ... read more
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Time to start preparing for some Black Swans to land

posted by Avatar butterscotch 307 days ago in Commodities

Gold prices will almost certainly rise and the USD should fall, but will it fall across the board? I'd say probably not. The initial reaction would of course be to sell USD across the board but risk currencies like the commodity bloc of AUD, ... read more
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US Stocks Rest; Earnings Momentum, Housing Weakness Collide

posted by Avatar butterscotch 311 days ago in all, GBP, Economic Indicators made popular 311 days ago

Iceland jobless rate fell in the second quarter. Italian industrial orders improved in May. Dutch and Danish consumer sentiment declined in July. The UK indexes climbed after gross mortgage lending fell in June. The Bank of England policymakers ... read more
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AUD/USD aims at the 1.0800 level - FXTechstrategy

posted by Avatar butterscotch 311 days ago in AUD

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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ForexLive Asian market wrap: RBA drops reference to tighter policy

posted by Avatar butterscotch 313 days ago in AUD made popular 313 days ago

AUD/USD traded to highs around 1.0650 but fell back swiftly when the slightly dovish statement raised possibilities that the next interest rate move might be down rather than up. It fell to 1.0607 before steadying around 1.0625 for the remainder of the ... read more