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Dollar falls in early US trade

posted by Avatar emmypiu 295 days ago in USD

... a slowdown in global economic growth. In early US trade, the greenback was lower against the euro, with EUR/USD rising 0.58% to hit 1.4176. The US Labor Department reported Friday that unemployment fell to 9.1% in July from 9.2% the previous month. ... read more
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A True Safe Haven: Go Long the U.S. Dollar via UUP

posted by Avatar emmypiu 295 days ago in USD, EUR, JPY made popular 295 days ago

In fact interest rate cuts are now considered more likely by many. This is the reverse of recent expectations for interest rate increases. The withdrawal of interest rate increase expectations in 2011 will likely push the Euro down, while pushing the ... read more
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Japanese Yen To Consolidate As Speculation For Intervention Resurface

posted by Avatar emmypiu 302 days ago in JPY made popular 302 days ago

Further supporting the yen was economic data out of Japan, highlighted by stronger than expected retail trade report, small business confidence data, housing starts, and employment figures. The data suggests that the economy may be on proper footing as ... read more
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EUR/USD surges through 1.4450

posted by Avatar emmypiu 306 days ago in EUR, NZD made popular 306 days ago

EUR/USD has just taken out the option barrier and a number of stops above 1.4460. High so far 1.4479. The (very) negative US Dollar sentiment continues across the board with AUD and NZD dealing above 1.09 and 87 cents respectively. ... read more
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Canadian expansion figures into Big Lots' credit accord

posted by Avatar emmypiu 306 days ago in CAD made popular 306 days ago

... an earlier $500 million credit line that was to expire next year. The new line includes a $200 million sub-facility tied to the Canadian dollar, which will let the company efficiently support the growth of our newly acquired Canadian operations. read more
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AUD/USD up in US trade

posted by Avatar emmypiu 309 days ago in EUR, AUD

Meanwhile, the Australian Dollar was up against the Euro and the Japanese Yen, with EUR/AUD shedding 0.53% to hit 1.3237 and AUD/JPY rising 0.34% to hit 85.17. Forexpros - Forex Pros offers a diverse set of professional tools for Forex, ... read more
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Market Insight 07/22/2011

posted by Avatar emmypiu 310 days ago in AUD made popular 310 days ago

The AUD/JPY didnt overly benefit from the overnight move and this means we will stay bearish until we see a break above 85.20. The Japanese yen has displayed some good strength recently as this is hampering the Aussies move higher on this pair. read more
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Gold hits new record as euro zone crisis deepens

posted by Avatar emmypiu 318 days ago in USD, Commodities made popular 318 days ago

On the other side of the Atlantic, minutes of the Fed's last meeting showed some Federal Reserve officials believe further monetary policy easing could be needed if the recovery remains too sluggish to cut the stubbornly high US jobless rate and if ... read more
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China Q2 GDP +9.5%

posted by Avatar emmypiu 319 days ago in AUD, Economic Indicators made popular 319 days ago

By Sean Lee || July 13, 2011 at 02:00 GMT Risk trades have jumped immediately with AUD/USD up to 1.0620 from 1.0590 before the announcement and USD/JPY is also 10 pips firmer. The content of this field will not be shown publicly. ... read more
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Technical and Fundamental Analysis for July 12, 2011

posted by Avatar emmypiu 319 days ago in Analysis made popular 319 days ago

EUR/USD fell extremely hard on Monday , and even broke through a triangle that many traders have been watching. However, there is a massive support area at 1.40 that is proving to be a bit tough at this point. If 1.40 gives way look out below. ... read more
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Pound Weakens Against Most Majors; U.K. Inflation Data Eyed

posted by Avatar emmypiu 319 days ago in GBP, Economic Indicators made popular 319 days ago

The visible trade deficit is seen at GBP 7.33 billion in May, down from GBP 7.38 billion deficit in April. In economic news, retail sales in the United Kingdom were higher in June, but same-store sales declined, the British Retail Consortium reported ... read more
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Euro Broadly Pressured after a Volatile Week, USD/JPY Heading Back to 80

posted by Avatar emmypiu 321 days ago in EUR, AUD

EUR/AUD's break of 1.3228 support also suggests that recent down trend is resuming for 1.2926 record low. We'd believe that 1.4 in EUR/USD and 1100 in XAU/EUR are important levels for Euro to defend. While Euro is bearish against swissy, yen and aussie ... read more