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Eurozone steps closer to the edge

posted by Avatar aaron 7 days ago in EUR made popular 7 days ago

That is roughly equivalent to the loss faced by Citibank at the peak of the financial crisis in 2009; however Greece's economy is the equivalent of 0.3% of the US economy, which puts things into perspective. In Spain the problem is even more complex. read more
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Trade Idea Central, Friday May 18th

posted by Avatar aaron 9 days ago in AUD, Economic Indicators made popular 9 days ago

Morning Sean, what the hell is happening on the AUD? ill say it again seanwe are due for a relief rally in the euro and a sell off in the dollar..the io or oi shows that each is exhausted and needs to correct..my only fear is that the newbies in ... read more
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Weekly outlook: May 14 - 18

posted by Avatar aaron 14 days ago in JPY made popular 13 days ago

The euro was also weaker against the yen and the pound, with EUR/JPY settling at 103.22 on Friday, down 0.63% on the week, while EUR/GBP settled at 0.8034, having lost 0.32% over the week. The pound touched a three-and-a-half year high against the euro ... read more
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Appetite drops for 'risky' NZD

posted by Avatar aaron 20 days ago in NZD made popular 20 days ago

For today, we get AU Building Approvals, Business Confidence and Retail Sales. There are no NZ data releases today. Expect moves in the NZD/USD to be driven by global risk appetite, especially by developments in sentiment regarding French and Greek ... read more
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Past actions will cause distress

posted by Avatar aaron 20 days ago in CAD made popular 20 days ago

The root cause of most of these problems is the elevated current account deficit (CAD) and a runaway fiscal deficit. The urgency with which these deficits need to be addressed cannot be emphasised enough. Therein lies the rub the current political ... read more
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Quiet GBP/USD Today, Will Uptrend Continue?

posted by Avatar aaron 25 days ago in all made popular 24 days ago

On Tuesday Pound/Dollar decreased insignificantly with 70 pips. The Cable depreciated from 1.6254 to 1.6185 yesterday, in converse with the positive Interbank sentiment at under +22%, closing the day at 1.6218. Today the British Pound is trading ... read more
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European Factors to Watch-Shares to tick higher on Fed easing hopes

posted by Avatar aaron 27 days ago in all

Global stocks ended higher on Friday on strong earnings reports, while the dollar dipped as data showed growth in the US economy cooled in the first quarter to a 2.2 percent annual growth rate, below a 2.5 percent forecast. "The... lack of weakness on ... read more
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Canadian Dollar Rises to Highest Since September on Rates

posted by Avatar aaron 30 days ago in CAD

Canada's dollar strengthened to a seven-month high versus its US counterpart on speculation the Bank of Canada raising borrowing costs in the world's 10th- largest economy will add to the currency's allure. The Canadian currency is 0.9 percent higher ... read more
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Seoul shares seen recovering but options expiry to weigh

posted by Avatar aaron 47 days ago in all

----------------MARKET SNAPSHOT @ 22:35 GMT---------------- INSTRUMENT LAST PCT CHG NET CHG S&P 500 1382.20 -1.14% -15.880 USD/JPY 81.55 0.01% 0.010 10-YR US TSY YLD 2.047 -- 0.000 SPOT GOLD $1641.69 0.06% 1.060 US CRUDE $102.31 -0.15% -0.150 DOW JONES ... read more
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SEYFETTN GRSEL

posted by Avatar aaron 48 days ago in CAD made popular 48 days ago

The reason is well known: The Turkish economy is actually in a correction phase, due mainly to its high current account deficit (CAD). Economists are often suspicious about incentives. Indeed, in trying to encourage new investments, ... read more
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Shares ease on US, China growth worries

posted by Avatar aaron 59 days ago in all made popular 59 days ago

"With the Chinese stock markets under pressure, the outlook on AUD will unlikely turnaround until we see some confirmation that the Chinese economy is not weakening too much and which should be affirmed by the release of the Chinese PMI (on Sunday)," ... read more
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C$ steadies after rally on Fed remarks

posted by Avatar aaron 60 days ago in all made popular 60 days ago

The Canadian dollar was little changed against its US counterpart on Tuesday following a strong rally in the ... read more