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Is USD/CHF Ready For A Bounce?

posted by Avatar wizardfx 290 days ago in CHF

With no major economic data on the docket, the only excitement was provided by the SNB which announced new liquidity measures that would expand bank deposits from 80 Billion CHF to 120 Billion CHF. The news was intended to weaken the Swiss franc which ... read more
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7 Will Take Any Action Necessary to Stabilize Markets

posted by Avatar wizardfx 293 days ago in EUR made popular 293 days ago

Stocks extended last week's decline, the biggest since 2008, adding to risks for a global rebound already burdened by European fiscal cuts and elevated US unemployment. The G-7 just gave a raspberry to S&P and basically said its analysis is irrelevant ... read more
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All eyes on US jobs data today

posted by Avatar wizardfx 295 days ago in USD, CHF made popular 295 days ago

The dollar is mixed against the majors, rising sharply against NZD, AUD and CAD, flat against EUR and CHF, but weaker against JPY. USD/JPY rebounded to 78.40 from a recent intra-session high of 80.24 yesterday in the wake of BOJ intervention. ... read more
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Housing Dip Pulls Down on Aussie Dollar

posted by Avatar wizardfx 297 days ago in AUD, Economic Indicators

This movement has gouged the AUD against all of its currency rivals, especially against safe-havens like the US dollar (USD) and Japanese yen (JPY). Being tied to commodity prices could help lift the AUD in the near future, however, as oil prices hold ... read more
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UK services PMI 55.4 in July

posted by Avatar wizardfx 297 days ago in GBP, Economic Indicators

... 2011 at 08:30 GMT Markit says UK services and manufacturing PMI indices point to GDP growth of 0.5% in 3 months to July. Cable rallies in wake of data, presently at session high 1.6365. hmmm makes you think if it was leakedgbp popped up 50 pips ... read more
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AUD/USD technicals: Secondary trend line support around 1.0685

posted by Avatar wizardfx 298 days ago in AUD made popular 298 days ago

Cheers chris: All Australia Government Yields Fall Below Cash Rate First Time Since 2009 http://www.bloomberg.com/news/ 2011-08-03/all-australia-go... Sean Lee: Hi T. I would not discount anything in these conditions but for AUD/USD to rally to 10920 ... read more
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Swiss franc hits new highs on debt, growth woes

posted by Avatar wizardfx 298 days ago in USD, EUR, JPY, CHF, CAD, Economic Indicators made popular 298 days ago

The dollar slipped 0.1 percent to 77.13 JPY=. It was not far from a four-month low of 76.29 yen hit on Monday on EBS, just shy of its trough of 76.25 set in March which triggered coordinated intervention by major central banks. The yen's strength drew ... read more
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FX Concepts: World is saying US going into recession

posted by Avatar wizardfx 298 days ago in USD, JPY made popular 298 days ago

He has long felt the US was headed for recession and he looks to be on target. Despite the risk of a downturn the USD remains the reserve currency and he is beginning to like it, he says. He sees a weaker EUR/USD ahead. Japan may intervene, Taylor says ... read more
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Swiss Franc Strengthens to Record Against Euro on Haven Demand

posted by Avatar wizardfx 298 days ago in CHF

Switzerland's currency rose against all of its 16 major peers tracked by Bloomberg, lifted as data showed the nation's retail sales grew and manufacturing unexpectedly accelerated. Italian and Spanish 10-year bonds fell, pushing yields to euro- era ... read more
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Obama confirms both parties have agreed to raise US debt limit

posted by Avatar wizardfx 299 days ago in USD, Economic Indicators made popular 299 days ago

... the dollar represent 60.7% of the worlds currency reserves, compared with the 26.6% for the euro, which has the next biggest portion. Data 15.00: ISM Manufacturing PMI 55 from 55.3. Gold has slipped down slightly today after hitting a record high ... read more
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Swiss right-winger wants SNB's powers crimped-paper

posted by Avatar wizardfx 300 days ago in CHF

The SNB accumulated vast foreign currency holdings between March 2009 and June 2010 because it stepped into markets to cap the franc's rise and stave off the risk of deflation. Blocher said the SNB should not be allowed to expand its balance sheet to ... read more
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Japan factory output below forecast but recovery on track

posted by Avatar wizardfx 303 days ago in JPY made popular 303 days ago

But the BOJ has stressed that price rises had to reflect healthier demand and economic growth rather than rising commodity and energy costs, which work to dampen economic activity. The seasonally adjusted unemployment rate rose to 4.6 percent, ... read more