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GBP up vs dollar after latest election poll

posted by erzon 807 days ago in GBP

Sterling rose against the dollar on Friday after an opinion poll suggested the Conservatives would win an outright majority in a general election expected in May.

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US dollar mildly lower as markets eye retail data

posted by erzon 807 days ago in USD, Retail Sales

The dollar fell slightly against the euro for the second straight day Thursday in quiet trading as traders awaited the release of key US retail data that could drive markets.

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Australia’s unemployment rate up

posted by erzon 808 days ago in AUD, Employment made popular 808 days ago

Australia’s unemployment rate climbed in February, government data published Thursday showed, but the result matched market forecasts after a downward revision to the prior month’s figure.

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Gold fall may indicate an end to “Armageddon” trade

posted by erzon 808 days ago in AUD, Gold made popular 808 days ago

Financial markets are still in operation 18 months after the big GFC melt-down and it looks like some players are finally starting to exit their so-called Armageddon trades, the primary one which was long Gold. Other trades, which probably seemed

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Australian dollar edges back near six week high

posted by erzon 810 days ago in USD, AUD, Employment made popular 810 days ago

The Australian dollar closed slightly lower after a stronger US dollar eroded gains from the release of positive domestic business confidence and job ads data.

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Gold edges down as bargain hunting subsides

posted by erzon 810 days ago in USD, Gold made popular 810 days ago

Gold edged down as early bargain hunting subsided, and dealers said a weaker US dollar was probably needed to help the metal break free from its current range.

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Nikkei gains on relief over U.S. jobs, weaker yen

posted by erzon 811 days ago in USD, JPY, Employment made popular 811 days ago

Japan's Nikkei stock average climbed 1.8 percent on Monday, boosted by better than expected U.S. jobs data, with exporters gaining on a weaker yen and resource-linked firms up on rises in commodity prices.

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Forex Currency Rate and Economic Factors Impact on Exchange

posted by erzon 811 days ago in Special, Trading Psychology

The delusion conceptually propounds that intraweek and intraday FOREX currency quotes movement is governed by either improvement or by deterioration of the stateâs economic situation. But in reality, even in case the actual Forex news are super

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British Pound in for a Sharp Fall?

posted by erzon 812 days ago in GBP made popular 812 days ago

In my December 26 Money and Markets column I focused on the outlook for 2010, and the looming threats to global risk appetite. I warned that sovereign debt problems posed a major threat to global economic recovery. And I concluded that this threa

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The Use of Currency Trading Pairs

posted by erzon 813 days ago in Special, Trading Psychology made popular 813 days ago

If you plan to go into forex, one of the most important points you need to understand is how currency trading pairs work. Although you are free to experiment and sift through other currencies where you can possibly make a profit, pairs in currenc

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Gold inches up on bargain hunting; awaits U.S. data

posted by erzon 814 days ago in USD, Gold

Gold edged up on bargain hunting on Friday before the release of U.S. payrolls data, which could raise concerns about the pace of an economic recovery and hurt the dollar while lifting the bullion's allure as an alternative investment.

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USD May Fall to 15-Year Low of 84.83 Yen

posted by erzon 814 days ago in USD, JPY, Technical made popular 814 days ago

The dollar may weaken to 84.83 yen, a 15-year low reached in November, Mizuho Corporate Bank Ltd. said, citing trading patterns.

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