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GBP/USD rises to 1.6350 after NFP

posted by Avatar victoryismine 295 days ago in USD

... employment figures, which improved the market sentiment and boosted higher-yielding currencies versus safe havens. After hesitating for a while, GBP/USD broke above 1.6300 and reached a fresh daily high of 1.6349, from 1.6280 before the data. ... read more
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USD/CHF rises as Japan follows SNB into markets

posted by Avatar victoryismine 296 days ago in CHF

The Swissie was also higher against the euro, with EUR/CHF rising 0.42% to hit 1.1079. Later Thursday, both the Bank of England and the European Central Bank were to announce their benchmark interest rates, while the US was to publish government data ... read more
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U.S. Dollar Tests Upward Trend, Euro Outlook Hinges On ECB

posted by Avatar victoryismine 297 days ago in EUR

However, as the central bank expects to see a faster rate of growth in the second-half of the year, the FOMC may see scope to employ its exit strategy later this year, and the committee may look to toughen its stance against inflation as price growth ... read more
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New Highs for CHF and JPY

posted by Avatar victoryismine 298 days ago in CHF made popular 298 days ago

USD/JPY support comes in at the all-time low near 76.25 with short-term resistance at the falling trend line from the July 20th high at 77.80. The CHF hit a new all-time low versus the US dollar and the euro as traders continue to use the Swiss franc ... read more
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Yen appreciating against Dollar

posted by Avatar victoryismine 299 days ago in JPY made popular 299 days ago

Since July 26, the Japanese yen has been posting record high daily closings against the US dollar. Japanese officials have been engaging in verbal intervention to discourage excessive yen appreciation since late July. On July 26, USD/JPY closed below ... read more
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Nikkei opens +0.75%, Kospi +1.25% higher

posted by Avatar victoryismine 300 days ago in JPY made popular 300 days ago

Early Tokyo is also encouraged by the signs out of Washington and USD/JPY is easing higher. The CFTC figures from last week showed JPY longs at very high levels so it is no surprise to see some profit taking first up. Make significant savings on your ... read more
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Chart GBP/USD Update: Soon it will have been stretched too far

posted by Avatar victoryismine 305 days ago in USD

You must be aware of the risks of investing in forex, futures, and options and be willing to accept them in order to trade in these markets. Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with ... read more
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EUR Paring Some Losses as Traders Test Risk Sentiment

posted by Avatar victoryismine 311 days ago in EUR, CHF made popular 310 days ago

The euro (EUR) was seen trading somewhat higher yesterday following news of optimistic growth in the US housing sector. Against the US dollar (USD) the euro was trading above 1.42 briefly before settling near 1.4150 at day's close. The EUR/CHF was also ... read more
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GBP/USD up on economic data, earnings

posted by Avatar victoryismine 311 days ago in USD, EUR made popular 311 days ago

Analysts had expected Nationwide consumer confidence to fall to 49 last month. Meanwhile, the British Pound was down against the Euro and up against the Japanese Yen, with EUR/GBP gaining 0.28% to hit 0.8826 and GBP/JPY rising 0.15% to hit 127.44. ... read more
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Westpac first impressions: Q2 CPI

posted by Avatar victoryismine 314 days ago in NZD made popular 314 days ago

The RBNZ has made a crucial assumption that inflation expectations will ease back to within the 1-3% target band, something that becomes less likely when observed inflation remains so high. The NZD rose 30pts to 0.8480 and the two-year swap rate rose ... read more
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Eurozone May Trade Deficit Narrows

posted by Avatar victoryismine 317 days ago in USD, EUR, JPY, AUD, NZD made popular 316 days ago

Eurozone trade deficit declined to EUR 0.6 billion in May from EUR 2.5 billion in April, data from Eurostat showed Friday. On an unadjusted basis, external trade with the rest of the world was in balance during May compared to a shortfall ... read more
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Trade of the Day: EURUSD Technical Analysis

posted by Avatar victoryismine 321 days ago in EUR made popular 321 days ago

If you look back just a bit on the EUR/USD you will see that most downward moves did not last more than 3 or 4 bearish candles before starting to move up again, however, in the past the economic news wasn't as bad as it is right now (I know I said I ... read more