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EUR/USD update (11th July 2011, 15:30)

posted by Avatar Cittiperth 320 days ago in EUR made popular 320 days ago

Amid increased concerns that the Greek debt-crisis has spread to Italy, which has the highest sovereign debt ratio relative to GDP in the eurozone after Greece, the euro fell 1.3% this afternoon as investors rushed back into safe-haven currencies, ... read more
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Canadian Dollar Falls as U.S. Employment Growth Is Weakest in Nine Months

posted by Avatar Cittiperth 323 days ago in Economic Indicators made popular 323 days ago

Bad economic news in the States typically hits the Canadian dollar. The Canadian currency fell 0.6 percent to 96.43 cents per US dollar at 8:54 am in Toronto, compared with 95.87 yesterday. Earlier it touched 95.66 cents, the strongest level since ... read more
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TSX set to fall at open, hurt by weak US data

posted by Avatar Cittiperth 323 days ago in USD, EUR made popular 323 days ago

[CAD/] * US stock index futures tumbled on Friday after the US economy added far fewer jobs than expected in June, confounding expectations for more signs of strength in the labor market. [.N] * European stock markets slipped on Friday after US ... read more
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Gold Stock Options Play: Cheap Insurance Against a U.S. Debt Crisis

posted by Avatar Cittiperth 325 days ago in Commodities made popular 325 days ago

There will be an ultimate price to pay for debasing the world's reserve currencies (EUR, USD, and yen). Something inside of me tells me that this will all ultimately result in global inflation that will make the 1970s look like child's play. ... read more
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USD/JPY, value drifts south

posted by Avatar Cittiperth 325 days ago in USD, JPY made popular 325 days ago

USD/JPY is now pulling back from session highs near 81.00 after opening the Asian trade at 80.90, rallying into dynamic resistance at the 50-day EMA, then pulling back from those levels to dip into the 80.80 price zone. ... read more
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Euro rises to five-week high versus Swiss franc

posted by Avatar Cittiperth 327 days ago in CHF

... as an easing in near-term worries over a Greek default boosted the single currency and as investors continued to pare back long positions in the Swiss franc after soft Swiss retail sales data. The euro rose to $1.2346 francs according to EBS data, ... read more
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US: North American Summary and Highlights 1 Jul

posted by Avatar Cittiperth 330 days ago in USD, Economic Indicators made popular 330 days ago

Stronger than anticipated US Manufacturing ISM gave the sagging EUR/USD a boost along with the equity market move to ensure EUR would end the session on the firmer side of 1.4500. * USD/JPY was confined to a tiny range from 80.50 to 80.85 until the US ... read more
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Personal Spending Data Shows Consumers Retrench in May, but Core Prices Climbing

posted by Avatar Cittiperth 334 days ago in USD, Economic Indicators made popular 334 days ago

Therefore, the prospect of higher underlying inflation and what its means for the Fed going forward should help the USD. With limited data coming out to start the week so far we'll see if this report gives the USD a boost, which it seemed to do in the ... read more
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Euro Bouncing On Greek Deal Confirmation

posted by Avatar Cittiperth 337 days ago in USD, EUR, JPY, GBP, AUD made popular 337 days ago

Looking ahead, Q1 GDP Final forecast at 1.0% vs. 1.8% previously. Also released, May Durable Goods Orders forecast at 1.5% vs. -3.6%. The Euro (EUR) continued uncertainty and risk off trading sent the EUR/USD plummeting down to 1.41 levels before news ... read more
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China Flash PMI out today

posted by Avatar Cittiperth 339 days ago in AUD made popular 339 days ago

Amandha: Hi Sean, AUD/USD is trading on a tight range. Do you think its wise to buy around 1.0500 and hope to sell around 1.0600 or do it the other way around? GoodBoyFX: Hey Sean, EUR/USD is bouncing of a KEY Trendline 1.4308-10 ish and driving rest ... read more
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Canadian dollar rises, anxiety over Greek default lessens; crude oil declines

posted by Avatar Cittiperth 344 days ago in CAD

By Malcolm Morrison, The Canadian Press | June 17, 2011 Canadian dollars, or loonies are shown with US dollars on April 6, 2010. THE CANADIAN PRESS/Ryan Remiorz TORONTO - The Canadian dollar advanced against the greenback Friday morning amid rising ... read more
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AUD/NZD Daily Fundamental Analysis for June 17, 2011

posted by Avatar Cittiperth 345 days ago in NZD made popular 345 days ago

On the other hand, the better than expected CPI from the US economy eased the focus on soon third round of QE from the feds. Moreover, Asian equities have dropped to the lowest since in almost three months, on concern that debt-ridden Greece will ... read more