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Euro Refuses Trend After Greek Announcements, ECB Decision Up

posted by Avatar Cittiperth 2 days ago in USD, EUR, JPY, GBP, CAD

While we wait for that theory to pan out, we have key event risk to watch for in the upcoming session: the ECB rate decision . No change to benchmark is expected (which would make a cut a surprise), but there is a lot of interest in faltering stimulus ... read more
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GBP/USD finds support at 1.5650 and tests 1.5700

posted by Avatar Cittiperth 12 days ago in USD, GBP

Currently the Pound has risen against the Dollar to test the 1.5700 level again, but the pair has trading below that level yet and pricing at 1.5690. "I do think it is a corrective one (speaking aboout the decline movement) and my outlook on the senior ... read more
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NZD/USD weekly outlook: January 29 - February 3

posted by Avatar Cittiperth 13 days ago in NZD made popular 13 days ago

Forexpros - The New Zealand dollar rallied to a four-month high against its US counterpart on Friday, extending the week's gains as signs of progress on a debt swap deal between Greece and its creditors supported demand for riskier assets. read more
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Analyst Interview: John Kicklighter On Whether The EURUSD Rally Lasts

posted by Avatar Cittiperth 19 days ago in USD, EUR, JPY, CAD

What do feel is propelling the AUD/USD and the NZD/USD higher at this point? They are now respectively trading at their highest levels since October. Despite the AUD and NZD's correlation to risk, these two pairs have largely avoided the euro's slide ... read more
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FX: Waiting for Greece, US Home Sales Miss but Moving in Right Direction

posted by Avatar Cittiperth 22 days ago in Economic Indicators made popular 22 days ago

The single biggest risk for the EUR/USD today is the Greek PSI talks. If the talks break down, 1.30 could prove to be the impenetrable wall for the EUR/USD but if the talks are successful, 1.30 would be cleared easily. Across the pond, existing home ... read more
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Downward Trend In U.K. Inflation Continues For Third Month

posted by Avatar Cittiperth 25 days ago in USD, EUR, GBP, Commodities made popular 25 days ago

The latest slowdown in inflation reflects discounted sales by retailers in the run-up to Christmas and slower annual increases in fuel and transportation cost. Howard Archer, IHS Global Insight's chief UK economist said inflation will drop further in ... read more
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EUR/JPY, USD/JPY Flows: EUR/JPY eye 97/95 Options; Huge stops, >EUR5bln

posted by Avatar Cittiperth 26 days ago in EUR, CHF

USD/JPY eye big 75.50/ and post WWII lows of 75.31 - seen on Oct 31 again. Good to watch for any BoJ/MoF rate check rumours. WL Focus on Europe open, reaction to S&P mass downgrade of 9 eurozone members, notably France and Austria losing their AAA. ... read more
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USD/CHF weekly outlook: January 16 - 20

posted by Avatar Cittiperth 27 days ago in CHF made popular 27 days ago

The dollar tumbled to a five-day low against the Swissie on Thursday after European Central Bank President Mario Draghi said the bank saw signs of stabilization in the region's economy, adding that the central bank's recent refinancing operation had ... read more
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Bearish Traders Buying Dollars and Selling Euros

posted by Avatar Cittiperth 32 days ago in EUR made popular 32 days ago

City Index has reported a dramatic increase in traders 'going short' on EUR/USD on their spread bets as the euro goes 15% down against the dollar since May 4th 2011, falling from $1.4939 to a low of $1.2664. Meanwhile, the spreading recession in the ... read more
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Euro zone industrial new orders rise less-than-expected

posted by Avatar Cittiperth 37 days ago in EUR made popular 37 days ago

Industrial new orders for September were revised down to a 7.8% plunge, from a previously reported 6.4% decline, underlining fears that the region was slipping into a recession. The report showed that the annualized rate of industrial new orders in the ... read more
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ForexLive Asian market wrap: AUD drifts lower on mild profit taking

posted by Avatar Cittiperth 37 days ago in AUD, Economic Indicators made popular 37 days ago

... which is 2% of GDP down from 3.1% in 2010 Sharemarkets mixed; Australia -1%, Japan -0.6%, other markets +0.25% on average Gold +0.25% at $1617/oz; Oil $103/bbl The AUD has drifted lower today with mild profit taking, a lower Australian share market ... read more
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Trading News Outlook

posted by Avatar Cittiperth 40 days ago in CHF made popular 40 days ago

CHF- Swiss CPI- Consumer Price Index, the main measure of inflation preferred by the Swiss National Bank, Fri., Jan. 6, 3:15 am, ET. Deflation could remain a threat to the Swiss economy and could prompt the Swiss National Bank to consider additional ... read more