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India Forex Advisors / Market Commentary /28-Apr-2011

posted by Avatar busybee 395 days ago in JPY

USD/JPY: Yen is currently trading at 81.66. Yen strengthens further after the FOMC meeting leading to the weakness of Dollar against the Yen and other major currencies. Resistance is seen near 81.94 (21 days 4 hourly EMA) while Support is seen near ... read more
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Daily Market Review US Session USD to remain under pressure if Fed ...

posted by Avatar busybee 397 days ago in USD, AUD

AUD hit a new 29-year high today (during the previous session) which suggests that traders were still enthusiastic to hold higher yielding assets. The AUD, which tends to attract buying when the global economy is doing well and commodity prices rise, ... read more
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Stock traders face pivotal week for markets

posted by Avatar busybee 398 days ago in JPY made popular 398 days ago

In case you've noticed the USD-JPY has come to the support line from the first phase of the intervention in March and the Yen contract has violated that same line. That tough because it ended up being a launching pad for the next phase into the end of ... read more
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A Currency and Commodity Rally for the Ages

posted by Avatar busybee 402 days ago in USD, CAD, Commodities

The Canadian dollar/loonie (CAD) got an extra boost after their March inflation rate jumped to 3.3%! Looks like the Bank of Canada (BOC) is going to have to come back to the rate hike table sooner than they had previously thought! ... read more
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India Forex Advisors / Market Commentary /19_Apr_2011

posted by Avatar busybee 403 days ago in EUR

EUR/USD: Euro is currently trading at 1.4223. Euro tumbled after poor Spain auction results. Spanish Treasury sold EUR 3b of 12-month bills and 1.2b of 18-month bills today. Looking ahead German Flash Manufacturing PMI is expected weak and Current ... read more
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Notes: USD-Weakness Assessment In The USDX, EUR/USD, GBP/USD And USD/JPY

posted by Avatar busybee 409 days ago in USD, EUR made popular 409 days ago

Therefore the USD/JPY is at the crossroad. A break above 86 should look towards 88, but a break below 82, invalidates the bullish outlook, and suggests a ranging to bearish one. Can the US Dollar find support before hitting the 2008 low of 70.70? ... read more
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Dollar mixed after Japan raises level of nuclear crisis

posted by Avatar busybee 410 days ago in JPY, CHF made popular 410 days ago

Earlier in the day, UK industry data showed that retail sales fell at their fastest annual pace in nearly six years and house prices slipped in March. Elsewhere, the greenback was down against the yen and the Swiss franc with USD/JPY shedding 0.27% to ... read more
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Pound to Euro could find support from inflation stats

posted by Avatar busybee 411 days ago in EUR made popular 411 days ago

Today's session is quiet one in terms of economic announcements, though we do have a speech from a leading hawkish ECB policymaker, who may provide the euro with further momentum. Looking to tomorrow, sterling may find some support on BoE interest rate ... read more
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C$ hits 3-year high on oil, economic health

posted by Avatar busybee 416 days ago in all made popular 416 days ago

The Canadian dollar powered to a new three-year high against its US counterpart on Wednesday, underpinned by firm oil prices and the appeal of the country's overall economic health. Expectations that the Bank ... read more
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ForexLive US wrap: Weak JPY the focus in quiet trade

posted by Avatar busybee 424 days ago in USD, CHF made popular 424 days ago

... Yields reach record highs for each US consumer confidence tumbles to 63.4 in March from 72.0 in Feb BOE's Weale: Policy should be tightened; VAT hike adds 1.0-1.25% to CPI SNB's Jordan: Strong franc limits growth, inflation; rates need to rise over ... read more
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Speculation of an ECB rate hike overshadows talks of bailout

posted by Avatar busybee 424 days ago in EUR

We get the EU and German inflation numbers as well as a number of manufacturing reports. There is also a good chance that the German unemployment rate might fall so there are still reasons for traders to buy the Euro even if personally, I still don't ... read more
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Euro supported by rate view; yen gives ground

posted by Avatar busybee 425 days ago in all made popular 425 days ago

After hawkish comments from two well-known inflation hawks, another two officials said the US economy still needed support from the central bank's full $600 billion planned bond purchases, despite signs of a self-sustaining recovery. ... read more