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US Dollar Finding Renewed Bids Despite Unattractive Yield Differentials

posted by Avatar portelo 264 days ago in USD made popular 264 days ago

GBP/USD: The market remains locked in a broader consolidation off of the April highs, and a fresh top is now sought out by 1.6600 in favor of the next downside extension back towards the recent range lows at 1.5780. Ultimately, only a daily close above ... read more
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EUR/CHF, EUR/USD Flows: Greece c'tral banker call on govt to speed up budget cuts

posted by Avatar portelo 265 days ago in CHF made popular 264 days ago

Bank of Greece Governor George Provopoulos said that the lack of fiscal and other reforms were deepening Greece's recession. "The developments in the real economy are truly dismal," Mr. Provopoulos said . "In my assessment, the recession would be ... read more
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The EUR extended a weekly drop against the USD

posted by Avatar portelo 288 days ago in EUR, CHF

Central banks around the global are striving to protect their economies from fiscal tightening and lopsided currency swings that could lead to a new global recession. Countries like Belgium, France, Italy and Spain have today announced or will shortly ... read more
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Canadian dollar edges higher

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

The Canadian dollar CAD/USD-I closed higher Thursday amid higher oil prices and strong gains on North American equity markets. The dollar has been under heavy selling pressure on currency markets recently, down from 106 cents US just over two weeks ago ... read more
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ECB's Paramo says rates still accommodative: report

posted by Avatar portelo 293 days ago in EUR made popular 293 days ago

... raising interest rates in July despite market turmoil and rates remain accommodative, 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
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AUD/USD extends decline, support at 1.0425

posted by Avatar portelo 296 days ago in AUD made popular 296 days ago

Australian dollar is drifting lower in early Asia, hitting fresh 2-months lows below 1.0425 despite both 1 and 4 hours charts showing extreme oversold readings. Valeria Bednarik, Chief Analyst at FXstreet.com says: Expect ... read more
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Chart Presentation: The Question

posted by Avatar portelo 296 days ago in AUD made popular 296 days ago

The AUD/CAD represents a number of themes. The Aussie dollar tends to be more closely associated with Asian growth while the Cdn dollar is tied to North American health. Both trade up and down with commodity prices but the AUD is more sensitive to the ... read more
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European Stocks Dip; ECB Rate Decision In Focus

posted by Avatar portelo 296 days ago in EUR made popular 296 days ago

The central bank is expected to retain its key rate at 0.50 percent and to maintain the asset purchase programme at GBP 200 billion. The European Central Bank is due to release monetary policy statement at 7.45 am ET. Economists expect the central bank ... read more
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EUR/AUD has just completed very Clear Down Channel chart pattern

posted by Avatar portelo 297 days ago in EUR made popular 297 days ago

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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SNB Takes Different Tact from '09-'10 Intervention, Adopts ZIRP

posted by Avatar portelo 297 days ago in CHF made popular 297 days ago

Like the BOJ and Fed it now has adopted a zero interest rate policy (ZIRP). The EUR/CHF rallied from a low of 1.0793 to 1.1147. It doesn't seem that traders and investors will stop buying the Swissy because of this move, as it continues to enjoy safe ... read more
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Canadian Dollar exchange rate, CAD: Benefiting from safe haven status?

posted by Avatar portelo 298 days ago in GBP, CAD

The Canadian dollar has held up well in the face of poor US manufacturing data. The euro to Canadian dollar exchange rate is 0.452% lower on the day with 1 EUR = 1.3571 CAD. The pound to Canadian dollar exchange rate is 0.237% lower with 1 GBP = 1.5575 ... read more
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European Market Update: Softer European Manufacturing data offsets any ...

posted by Avatar portelo 299 days ago in EUR, GBP

... declines in UK disposable income levels include the weaker pound and inflation. - A new report by economic consultant Indecon released through the Irish Independent revealed that the average Irish person is 30% worse off than before the recession. ... read more