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Daily Forex Outlook – Stocks Stumble, Dollar Gains

posted by morgan 857 days ago in USD, EUR, Daily made popular 857 days ago

U.S. Dollar Trading (USD) accelerated recent gains as US stocks came under heavy selling pressure and the Euro plunged to 20 week lows. Data was mixed with December Housing starts at 557K vs. 580k expected while Building Permits were at 653k vs.

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Jan. 17, 2010 - Prosticks Ichimoku Forex Technical Report

posted by morgan 860 days ago in USD, Technical, Daily

Daily resumed bearish trend in line with bearish weekly pattern. Daily and weekly trading range are in line between 1.4310-1.4510. Taking out support will point towards weekly kumo upper band 1.3910. Weekly kumo is ascending pushing up support. S

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GBP Hits A One Month High Against The US Dollar

posted by morgan 864 days ago in USD, GBP made popular 863 days ago

Sterling soared against the US dollar this morning, hitting a one month high and climbing nearly 0.5% to hit $1.6267, it's highest since mid-December. Against the euro, Sterling gained 0.4%, hitting a 9 day low of €1.1160.

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3-mth euro Libor at new low, dlr rate steady

posted by morgan 866 days ago in EUR, GBP

The British Bankers' Association
released the following London Interbank Offered Rates (Libor)
for dollars, euro and sterling at its daily fixing.

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Do UK Interest Rates Lead or Lag Inflation?

posted by morgan 869 days ago in GBP, Inflation made popular 869 days ago

This analysis forms part of a series that aims resolve in an accurate UK interest rate forecast for 2010 which follows in depth analysis and forecasts for UK inflation and economy.

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Gold retreats from 3-week high as US dollar recovers

posted by morgan 870 days ago in USD, EUR, Gold made popular 870 days ago

Gold prices eased in Europe on as the US dollar rose against the euro, with investors taking profits in commodities and higher-yielding currencies after their recent gains.

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Euro manufacturing 'narrowly up in December'

posted by morgan 873 days ago in EUR, Manufacturing made popular 873 days ago

Manufacturing activity across the eurozone expanded in December but at a slower pace than initially detected and with the shadow of price pressures building, a survey showed on Monday.

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Mortgage affordability improves for first-time buyers

posted by morgan 874 days ago in GBP, Housing

A report by the Halifax has given fresh hope to those looking to gain a step on the property ladder with news that affordability for first-time buyers has improved significantly over the last 12 months.

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Gold-trading floors shut

posted by morgan 875 days ago in USD, Gold

Gold-trading floors shut by March because they rest on a 'fragile foundation'. The order affects about 20 gold-trading houses operated by banks and other firms, which have been running for more than two years, the state-run Vietnam News reported.

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Mortgage interest rates rise, set to climb higher in 2010

posted by morgan 877 days ago in EUR, Housing

Mortgage interest rates crept up for the fourth week in a row Thursday, a troubling sign for borrowers hoping that home finance will remain near historic lows during the new year.

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USD gains, Treasury auctions eyed

posted by morgan 881 days ago in USD, JPY

The dollar rose against the yen and held near a recent high on the euro on Monday, helped by demand from Japanese corporates before the year-end, with eyes on U.S. data and Treasury auctions to see if it can maintain the rally.

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Oil price heads toward stability, might rise reasonably

posted by morgan 882 days ago in USD, Oil

Oil prices are heading towards stability and might even rise “reasonably”, Saudi Arabia’s King Abdullah was quoted as saying by a Kuwaiti newspaper.
“Oil prices are heading towards stability and might rise reasonably,” King Abdullah told al-Seya

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