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Weekly Forex Summary on USD, Euro, GBP, JPY, AUD, CAD and MXN

posted by Avatar fxcashmonster 339 days ago in USD, EUR, GBP, CAD, AUD made popular 339 days ago

With domestic economic indicators softening in the past months, there is increased speculation that the Fed may signal that further stimulus is needed to support the struggling economy. In light of the continued weakness, the Fed is expected to keep ... read more
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Euro Pares Decline Versus Dollar on Greece; Pound Slips Before BOE Minutes

posted by Avatar fxcashmonster 339 days ago in EUR, GBP made popular 339 days ago

Papandreou will seek approval next week for a 78 billion-euro ($112 billion) package of budget cuts and asset sales to stave off the threat of default. The pound fell against the dollar before minutes from the Bank of England's interest-rate meeting ... read more
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Fundamental Analysis Basics Lesson 1 An Overview of Releases and Investor ...

posted by Avatar fxcashmonster 340 days ago in Analysis, Economic Indicators

For example, in the picture below, the GBP/USD pair fell sharply following the release of GDP data that showed the economy contracting 0.5% during the 4th quarter of 2010, when expectations had it increasing 0.5%. That was a big surprise to analysts, ... read more
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Eurozone Logs Trade Deficit In April

posted by Avatar fxcashmonster 344 days ago in USD, EUR, AUD made popular 344 days ago

The euro area trade balance showed a shortfall of EUR 4.1 billion in April compared to a surplus of EUR 1.6 billion in March, data from Eurostat showed Friday. Economists had forecast a shortfall of EUR 1.9 billion for April. ... read more
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Yen Declines Against Most Majors

posted by Avatar fxcashmonster 348 days ago in JPY made popular 348 days ago

The central bank has already doubled an asset purchase fund to 10 trillion yen and kept interest rates near zero since the March 11 disaster. The central bank also said that the Japanese economy is likely to continue facing downward pressure for the ... read more
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Asian currencies slump against the US dollar while the Yen rise as a safe heaven

posted by Avatar fxcashmonster 348 days ago in USD, AUD made popular 348 days ago

The AUD/USD pair started today's session with a drop-side movement. At the meantime, the USD/JPY pair traded in a narrow range with the beginning of the week on Monday, where both currencies gained against other majors as concerns about the global ... read more
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Euro stays on defensive as debt worries weigh

posted by Avatar fxcashmonster 352 days ago in USD, EUR, JPY, Commodities made popular 352 days ago

The euro struggled to regain its footing although it was holding above one-week lows as worries about the euro-zone's debt problems overwhelmed any support from a likely interest rate rise by the ... read more
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Oil and silver are up, and gold down

posted by Avatar fxcashmonster 352 days ago in CHF, Commodities

France: Employment increased 0.4% in the first quarter from a 0.3% gain in the fourth quarter. France: Business confidence declined in May to 103 from a downwardly revised 106 in April. UK: Visible trade deficit narrowed to GBP 7.4 billion in April ... read more
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Currency Majors Technical Perspective

posted by Avatar fxcashmonster 353 days ago in JPY made popular 353 days ago

The USD/JPY sunk to 79.70 area this Wednesday and trades steady below the 80.00 price zone. Despite intraday movements are pretty much limited, the bearish trend continues its slow advance, with 79.50 area next, past monthly low. ... read more
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US Jobs Report: More than Just a "Bump in the Road"

posted by Avatar fxcashmonster 355 days ago in CAD, Economic Indicators made popular 355 days ago

The Canadian dollar/loonie (CAD) continues to get dragged down by government claims that interest rates aren't going higher I find this to be strange, because oil is still around $100, gold is still above $1500, and commodities, while getting whacked ... read more
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Precious Metals Monitor: Silver, Platinum and Palladium Zoom Higher

posted by Avatar fxcashmonster 358 days ago in USD, EUR, JPY, Commodities

By Sumit Roy Gold, the lynchpin of the precious metals complex, supported silver last week even as investors continued to dump the cheaper metal, while platinum and palladium garnered strength from elsewhere. Even silver is perking up, with prices now ... read more
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Foreign Exchange Update : Share Markets Power Forward Causing GBP NZD and GBP ...

posted by Avatar fxcashmonster 361 days ago in CAD, NZD made popular 361 days ago

This move forward for the CAD was largely caused by comments by the Bank of Canada which stated that Canada's interest rates would rise 'eventually'. The BoC elected to maintain rates at 1.00% for the time being. The Canadian Dollar gained further ... read more