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ECB declines to help in Greek debt restructuring; Italian GDP negative

posted by Avatar cane 2 days ago in USD, EUR, GBP, NZD made popular 2 days ago

By Mike Jones After climbing to a fresh 5-month high above 0.8400 last night, the NZD/USD has subsequently crashed back to Earth. The currency currently trades around 0.8340, pretty close to where it was 24-hours prior. Markets had the wind at their ... read more
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Royal Canadian Mint introduces new 25-cent circulation coin celebrating ...

posted by Avatar cane 3 days ago in CAD made popular 3 days ago

... the Orca; and the Peregrine Falcon; and Canada's boreal forest includes a series of four 50-cent 1/25 ounce 99.99% pure gold coins (each retailing for $139.95 CAD) and four $10 face value 99.99% pure silver coins (each retailing for $69.95 CAD). read more
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Preview: RBA Set to Cut Interest Rates - Impact on AUD

posted by Avatar cane 4 days ago in AUD, Economic Indicators

That would be the 3rd straight cut in rates from the RBA, as it tries to counter an economy that is showing a weak labor market, softer housing, flat retail sales, and concerns about the global outlook. The main concern for the RBA is the labor market, ... read more
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Canadian dollar softens on sluggish GDP data

posted by Avatar cane 10 days ago in USD, EUR, CAD made popular 10 days ago

The Canadian dollar gave back most of its early gains against the US currency on Tuesday morning after data showed Canada's economy unexpectedly contracted in November for the first time since May, offsetting the ... read more
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Preview: China GDP Key to AUD/USD

posted by Avatar cane 25 days ago in USD, EUR, CAD, AUD, Economic Indicators made popular 25 days ago

There has been much made about the possibility of a hard landing in China if it's housing market, which many consider a bubble, falters. At the same time, the shadow banking system is becoming an increasing worry and the loans given out to local ... read more
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Trade Idea Central, January 16th

posted by Avatar cane 26 days ago in AUD, Economic Indicators made popular 26 days ago

My... tabla: hi sean, what's the best way to play a possible risk off scenario this week? don't want to short... Siva: I was short EUR/AUD until Thursday's Pullback which hit my stop. Now defending Adam; that last post from... read more
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Corn, soy up on Argentine crop concerns; wheat rises

posted by Avatar cane 33 days ago in Commodities

Investors will focus on the US Department of Agriculture report on global supply and demand of farm products, widely expected to slash forecast for South American crops. "We are looking at sideways trade because of the USDA report this week with an ... read more
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US Employment Report Doesn't Dazzle what now?

posted by Avatar cane 35 days ago in AUD, Economic Indicators

In crosses like AUD/USD and USD/CAD we need levels of below 1.0200 and above 1.0300, respectively, for a more bullish view on the USD broadly speaking. Still, the greenback has performed rather well considering the still relatively healthy risk ... read more
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GBP/USD hovering over 1.5500

posted by Avatar cane 36 days ago in USD

December's NFP and unemployment rate are due later on in the US economy, with market participants hoping for a blow-out figure as seen in yesterday's surprising ADP data. As of writing the cross is advancing 0.05% at 1.5506 facing the next resistance ... read more
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USD/JPY printing fresh highs

posted by Avatar cane 38 days ago in USD made popular 37 days ago

The cross is posting new session's high as risk-off trade sharpens along with a stronger US dollar. The cross was trading in its lowest levels since the record intervention by the BoJ in late October. ... read more
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Jim Rogers sees Canadian dollar as 'one of the best currencies'

posted by Avatar cane 39 days ago in CAD

Jim Rogers believes the Canadian dollar is "one of the best currencies around." Having said that, the renowned investor also has faith in the euro, and we'll have to see how that plays out this year. Mr. Rogers made the comments today on CNBC, ... read more
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USD/CAD steady after US housing data

posted by Avatar cane 45 days ago in CAD made popular 45 days ago

USD/CAD hit 1.0178 during early US trade, the pair's lowest since December 9; the pair subsequently consolidated at 1.0203, inching down 0.01%. The pair was likely to find support at 1.0136, the low of December 1 and resistance at 1.0262, ... read more