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Big hedge funds still covering risk aversion trades

posted by Avatar freshmint 271 days ago in CHF made popular 271 days ago

By Sean Lee || August 29, 2011 at 22:18 GMT It looks like some of the bigger hedge funds had large short positions in pairs like EUR/CHF and AUD/CHF, and these shorts are still being covered, partially at least. Not all of these are being covered in ... read more
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Aussie Rallies for Third Consecutive Session on Chinese Growth Outlook

posted by Avatar freshmint 277 days ago in CAD, AUD

The Canadian Dollar was boosted, if only temporarily, by the data, with the USD/CAD trading approximately 15-pips lower following the news release. However, as US equity market futures took a turn down, the USD/CAD retraced its losses in favor of ... read more
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Market Morning Briefing

posted by Avatar freshmint 278 days ago in JPY

Read our current comments and trade recommendations on EUR-USD, USD-JPY and EUR-JPY by registering to our newsletter. The US markets gave up most of their intraday gains to close slightly higher yesterday. Dow (10854.65) came off from its high of ... read more
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The Swiss Franc: From Virtue to Disaster

posted by Avatar freshmint 283 days ago in CHF made popular 283 days ago

The high level of liquidity may create an unwelcome mix of near-deflation CPI trend and a looming housing bubble. Credibility Even though the institutions are deemed solid, the recent FX intervention policy has negatively impacted the credibility of ... read more
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EUR/USD regains the upside

posted by Avatar freshmint 284 days ago in EUR made popular 283 days ago

EUR/USD opened the Asian trade at 1.4406, dipped into the 1.4350 price zone where it found support, and has since rebounded to recover all of its earlier losses. At the time of writing, the pair is quoted back near opening ... read more
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Flash: USD/CHF to break bearish channel resistance - Commerzbank

posted by Avatar freshmint 288 days ago in CHF

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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Loonie drops on fears of U.S. recession

posted by Avatar freshmint 289 days ago in CAD made popular 289 days ago

That was seen as many to indicated that the US was heading into another recession which ignited massive swings in the market on tuesday and was followed by another huge drop in the markets on wednesday. The Dow Jones industrial average fell by 519.83 ... read more
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USD/CHF surges as SNB considering further measures

posted by Avatar freshmint 289 days ago in EUR, CHF

USD/CHF hit 0.7401 during European morning trade, the highest since August 9; the pair subsequently consolidated at 0.7394, surging 1.76%. The pair was likely to find support at 0.7066, the low of August 9 and the all-time low and short-term resistance ... read more
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EUROPEAN OPENING NEWS INCLUDING: Greece feels push toward Euro exit - NY Times

posted by Avatar freshmint 290 days ago in EUR, CHF

(RTRS/Sources) A temporary tie between CHF and the EUR to curb CHF gains would be legal under the SNB's mandate. In pre-market European trade, EUR/CHF spiked higher by 60 pips, there were no official comments from SNB, possibility of a large trade ... read more
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Dollar advance amid Rising Concerns in Markets

posted by Avatar freshmint 292 days ago in USD made popular 292 days ago

The US Dollar slid against the Japanese Yen, where the USD-JPY pair is now trading at 77.66, while recording a high of 78.34 and a low of 77.55. The pair is now trading between support level of 77.45 and reissuance level of 77.90. read more
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UK Market Falls As S&P Downgrades U.S. Debt

posted by Avatar freshmint 292 days ago in GBP, CHF made popular 292 days ago

Meanwhile, Switzerland's unemployment rate remained stable in July, data from the State Secretariat for Economic Affairs showed. The seasonally adjusted jobless rate came in at 3 percent, in line with expectations and unchanged from June. ... read more
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ECB's Paramo says no regrets over rate rise-media

posted by Avatar freshmint 294 days ago in USD, EUR, JPY, CAD made popular 293 days ago

... raising interest rates in July despite market turmoil and rates remain accomodative, Executive Board Member Jose Manuel Gonzalez-Paramo said in a newspaper interview. "Absolutely not. In July, the inflation rate was 2.5 percent in the euro area, ... read more