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Foreign Exchange Rates : Currency Predictions - GBP, USD, EUR, AUD, CHF, CAD

posted by Avatar chuzzle 344 days ago in USD, CHF

The US Dollar has come under sustained selling pressure during today's session as market participants' fears of an imminent Greek debt meltdown subside. This afternoon's Michigan Confidence survey could see the market further move against the Greenback ... read more
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EUR capitulates with seemingly no end to Greek situation in sight

posted by Avatar chuzzle 345 days ago in EUR, CHF made popular 345 days ago

We have a busier data calendar in Europe with Swiss industrial production and SNB rate decision (and maybe a few words about the strength of the CHF) leading the way. Sweden's house prices, UK retail sales and Euro-zone CPI and employment follow with ... read more
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IMF warns Hungary to miss 2012 budget target, calls reforms "step in the right ...

posted by Avatar chuzzle 346 days ago in Economic Indicators made popular 345 days ago

It puts real GDP growth at 2.6 percent for 2011 and 2.5 percent for 2012. The IMF led a 20 billon euro assistance package for Hungary at the height of the financial crisis late in 2008. Hungary returned to full market financing in the autumn of 2009 ... read more
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AUD/USD update (16th June 2011, 06:00)

posted by Avatar chuzzle 346 days ago in AUD made popular 346 days ago

However, living up to its reputation as a 'risk barometer', the AUD was crushed overnight, falling to a low of 1.0536 as US markets sold off heavily on the back of soft manufacturing data and continuing turmoil in Greece. While the AUD did recover to ... read more
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Summer Soft Patch?

posted by Avatar chuzzle 351 days ago in NZD

Kiwi (NZD): The Kiwi is actually mostly higher despite the risk aversion as the increase in Chinese imports helps New Zealand's economy. A fresh all-time high was made earlier vs. USD. Loonie (CAD): The Loonie is mixed today as lower oil prices and a ... read more
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Canada: Unemployment rate drops to 7.4% in May beating expectations

posted by Avatar chuzzle 351 days ago in CAD, Economic Indicators made popular 351 days ago

The unemployment rate has reached its lowest since January 2009 when the rate was 7.2%. The Canadian dollar received a boost from the employment figures; USD/CAD has fallen toward a fresh weekly low at the 0.9710 zone after the news. ... read more
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Sterling unchanged after BoE holds rates as expected

posted by Avatar chuzzle 352 days ago in GBP made popular 352 days ago

Sterling GBP=D4 traded at $1.6406, flat on the day and barely moved from before the UK central bank's announcement. The euro EURGBP=D4 was at 88.96 pence, little changed from 88.93 pence. British gilt futures FLGU1 and interest rate futures <0#FSS:> ... read more
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US Unemployment Rising Again , Red Dominates Markets

posted by Avatar chuzzle 356 days ago in AUD, Economic Indicators

Sentiment among traders of AUD/USD, recently at 1.0634, sentiment is 5 to 4 in favor of buying. Among the DJIA traders, which is selling at 12100, sentiment was 9 to 2 in favor of buying; sentiment among traders of the S&P 500 was also in favor of ... read more
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GBP/USD breaks through 1.6335 high on weak US data

posted by Avatar chuzzle 366 days ago in USD, Economic Indicators made popular 366 days ago

Pound pullback from 1.6335 high on early Asian session has been contained at 1.6270, and the pair has bounced higher, breaching 1.6335 to a fresh 2-weeks high, favoured by Dollar weakness after downbeat US GDP and employment ... read more
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OPEC Crude Oil Price Declining

posted by Avatar chuzzle 369 days ago in Commodities

The concerns on the economic growth prospects of the three major economies of the world, as well as the strength of the USD has definitely imposed a suppressive effect on Global commodity prices including the International Crude Oil price. ... read more
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EUR/GBP hits daily low after strong UK retail sales data

posted by Avatar chuzzle 373 days ago in EUR made popular 373 days ago

EUR/GBP hit 0.8792 during European morning trade, the daily low; the pair subsequently consolidated at 0.8798, sliding 0.18%. The pair was likely to find support at 0.8753, Tuesday's low and resistance at 0.8840, Wednesday's high and a two-week high. ... read more
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Here's why nobody will break out of the Euro

posted by Avatar chuzzle 374 days ago in EUR

Forty? Sure substantially higher than the 20 percent tops for Greek Eurobonds right now. And what about inflation? When tomorrow the Greeks have to pay everything from coffee makers to cars in hard euros, but earn only very soft drachmas. ... read more