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Canadian dollar weakens against greenback

posted by Avatar Tottie 327 days ago in CAD

A July 8 government report will show Canadian employers added jobs for a third straight month in July, economists predict. The Canadian dollar is overbought, said Blake Jespersen, director of foreign exchange in Toronto at Bank of Montreal's BMO ... read more
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Flash: EUR/USD consolidating ahead of a break lower - Commerzbank

posted by Avatar Tottie 334 days ago in EUR made popular 334 days ago

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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USD/CHF Daily Fundamental Analysis For June 24, 2011

posted by Avatar Tottie 338 days ago in CHF, Economic Indicators

GDP annualized for the first quarter is predicted to record 2.2% from 1.8%. GDP annualized for the first quarter is predicted to remain unrevised at 2.2% at 12:30 GMT. At the same time, durable goods are expected show 1.6% advance in May relative to ... read more
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C$ softens ahead of Fed statement

posted by Avatar Tottie 339 days ago in USD, CAD made popular 339 days ago

At 8:18 am (1218 GMT), the currency CAD=D4 stood at C$0.9733 to the US dollar, or $1.0274, weaker than Tuesday's North American finish at C$0.9724 or $1.0284. The markets rallied on Tuesday, optimistic about the expected outcome of a confidence vote in ... read more
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EUR whipsawed as Fitch joins the default label camp

posted by Avatar Tottie 341 days ago in EUR, CAD made popular 340 days ago

The North American session has a light data calendar with Canada's leading indicators, retail sales and US existing home sales on tap. The Greek no confidence vote is scheduled for late Tuesday so keep an eye out for that. GE May Producer Prices out ... read more
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USD/JPY, bearish tone increases V.Bednarik

posted by Avatar Tottie 341 days ago in USD, JPY made popular 341 days ago

USD/JPY opened the Asian trade at 80.24, climbed to find resistance in the 80.30 zone, and dropped sharply to lows below 80.10. This price action can be explained by word that Fitch Ratings will slash US credit ratings to ... read more
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SNB Leaves Key Rate Unchanged

posted by Avatar Tottie 345 days ago in USD, EUR, JPY, CHF made popular 345 days ago

Consequently, foreign exchange reserves had surged to around CHF 200 billion by the end of 2010. A direct impact of larger balance sheet is the increase in the financial risks associated with foreign exchange reserves, said SNB board member Jean-Pierre ... read more
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USD/JPY update (16th June 2011, 06:00)

posted by Avatar Tottie 346 days ago in USD made popular 346 days ago

Although the USD saw gains last night, traders should be aware that a further deterioration in economic data and consumer sentiment could force the Federal Reserve's hand into at least considering a third QE package, which would undoubtedly see recent ... read more
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Foreign Exchange Report : GBP EUR Rate Trades Up Again as the Currency Market ...

posted by Avatar Tottie 346 days ago in EUR

The Pound Euro exchange rate (GBP EUR) is 1.1422. The Pound Dollar exchange rate (GBP USD) is 1.6199. The Pound Australian Dollar exchange rate (GBP AUD) is 1.5349. The ongoing debt sovereign debt crisis in Greece once again took centre stage in the ... read more
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Canadian dollar rises against greenback amid lower crude oil prices

posted by Avatar Tottie 347 days ago in CAD, Commodities made popular 347 days ago

TORONTO - The Canadian dollar advanced against the American currency Tuesday despite another day of falling oil prices. The loonie climbed 0.28 of a cent to 102.66 cents US. Oil prices slipped below US$97 a barrel Tuesday on concern a weakening global ... read more
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Three ETFs To Watch This Week: (EWL, GTIP, RSUN)

posted by Avatar Tottie 348 days ago in JPY

With the economy trying to stay on its feet, while simultaneously battling the deflation that has saddled them for nearly two decades, this weeks meeting of the Bank of Japan will be a major event for investors in any kind of Japanese equities. ... read more
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GBP/USD update (8th June 2011, 15:45)

posted by Avatar Tottie 353 days ago in USD made popular 353 days ago

GBP/USD has remained supported above the 70-day exponential moving average of $1.63 ahead of tomorrow's UK trade balance figures and BoE interest rate decision. Support above this level suggests there is still hope for the uptrend in GBP/USD to ... read more