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U.S. Dollar Slightly Higher As U.S. Factory Orders Meets Expectations

posted by Avatar freshmint 297 days ago in Economic Indicators made popular 297 days ago

The EUR/USD pair had little reaction to the economic release with the US Dollar strengthening slightly versus the euro. The rise was likely the result of disappointing ISM Non-Manufacturing Composite data released at the same time. ... read more
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US Debt Ceiling Crisis going down to the Wire

posted by Avatar freshmint 298 days ago in USD, Economic Indicators made popular 298 days ago

The GBP was volatile but well supported above 1.6300 and threatening to move higher. GBP/JPY weakness was offset by EUR/GBP selling and the market focusing on issues in other economies. Q2 GDP was at 0.2% q/q as expected. July CBI Industrial Orders ... read more
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Euro Rally Threatened, U.S. Dollar To Recoup Losses

posted by Avatar freshmint 303 days ago in EUR made popular 303 days ago

As the region faces a slowing recovery, we are likely to see the Governing Council continue to soften its hawkish outlook for monetary policy, and the relief rally in the EUR/USD may give out as interest rate expectations deteriorate. ... read more
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Nikkei opens -0.5%, Kospi -0.75%

posted by Avatar freshmint 305 days ago in JPY made popular 305 days ago

If risk aversion increases then we may get a test of barriers in USD/JPY at 77.75 Make significant savings on your international money transfers using FXstreet.com's Global Transfers. The opinions and analysis offered on Forexlive are for educational ... read more
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Flash: EUR/USD looks set to recover lost ground Commerzbank

posted by Avatar freshmint 309 days ago in EUR made popular 309 days ago

The Commerzbank team expects EUR/USD will trade higher in the week ahead. "The only risk to the euro's recovery could be particularly weak US data and a renewed sparking of recession fears with regard to the USA in particular but also for the world ... read more
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EU Does Their Part!

posted by Avatar freshmint 309 days ago in CAD made popular 309 days ago

Loonie (CAD): The only other fundamental data out his morning has come from Canada, which reported lower than expected CPI data that has sent the Loonie lower, despite oil trading up to $100. Core CPI came in at 1.3% vs. an expectation of 1.9%, ... read more
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USD/CHF up during Asian trade

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

Meanwhile, the US Dollar was down against the Euro and the Japanese Yen, with EUR/USD gaining 0.30% to hit 1.4258 and USD/JPY falling 0.09% to hit 78.70. Forexpros - Forex Pros offers a diverse set of professional tools for Forex, Futures and CFDs. ... read more
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German ZEW survey shows mixed results

posted by Avatar freshmint 312 days ago in CHF made popular 312 days ago

Overall price action saw a tightening of the periphery spread in most cases, higher equity prices, weaker CHF, JPY and USD against other European pairs. The EUR/USD steadily moved higher in the session and tested above the 1.42 handle following the ... read more
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Sydney hotels flat, Perth hot and Cairns in trouble

posted by Avatar freshmint 313 days ago in Commodities made popular 313 days ago

The latest statistics from Queensland's three key markets Brisbane, the Gold Coast and Far North Queensland showed the capital slightly up, but both regional markets hurting. Brisbane's occupancy is sitting at 79.3% (up 2.7%), ADR at AUD$175 (up ... read more
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US corn rebounds as hot weather hurts crop, wheat firm

posted by Avatar freshmint 313 days ago in USD, EUR, AUD, Commodities

After the market closed on Monday, the US Agriculture Department's weekly crop condition report showed that the US corn crop was rated 66 percent good to excellent, down 3 percentage points from the previous week. The decline in corn ratings was the ... read more
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USD/CAD advances amid rising risk aversion

posted by Avatar freshmint 313 days ago in CAD made popular 313 days ago

Ratings agencies Moody's and Standard & Poor's both warned last week that a failure to raise the debt limit in time would result in a downgrade in the credit rating of the world's largest economy. Meanwhile, in the euro zone, Spanish government bond ... read more
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Global Trade Desk- USD/S&P Correlations Hold

posted by Avatar freshmint 317 days ago in Economic Indicators

The fundamental outlook will change day-to-day which will determine the direction of USD trade. Traders will see technical reversal and tipping points dominate price action in the near-term, which will create volatile intra-day price action as each ... read more