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Daily Summary on USD, Euro, GBP, JPY, CAD, AUD and NZD

posted by Avatar commentary 10 days ago in USD, EUR, JPY, GBP, CAD, AUD, Commodities

USD - The dollar is evenly mixed this morning against its major counterparts as the continued stream of positive economic data out of the US offsets some of the ongoing European fears. Housing starts came in better than expected as builders broke ... read more
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Myopic EUR View Tops

posted by Avatar commentary 11 days ago in USD, CAD, Economic Indicators made popular 11 days ago

The current relevant US data is likely to accentuate the slide in EUR. Today's US manufacturing, retail sales and inflation data is expected by analysts to remain relatively modest and still provide proof that the US economy's recovery is slowly ... read more
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SNB Chariman Jordan to Speak; USD/CHF at 2-Month High, EUR/CHF Rests At the ...

posted by Avatar commentary 12 days ago in USD, EUR, CAD, AUD

The market will monitor his language for interest rate clues as well as gauging the strength of EUR/CHF's 1.20 Floor. First, looking at the USD/CHF, we see the market pushing above the March high at 0.9334. Note the RSI reading in the daily chart ... read more
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C$ firms after Fed announcement, hits 7-month high

posted by Avatar commentary 31 days ago in all made popular 31 days ago

The Canadian dollar would likely strengthen further against the greenback should Canada raise rates ahead of the Fed. At 1:43 pm (1543 GMT), the Canadian dollar was at C$0.9836 against the US dollar, or $1.0164, up from Tuesday's finish at C$0.9880 ... read more
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Canadian Dollar Touches Highest Since March on Stocks

posted by Avatar commentary 31 days ago in CAD

Canada's dollar strengthened to a seven-week high against its US, counterpart on speculation equities gains signal the global growth outlook is improving. The Canadian dollar rallied against most of its major peers and is headed for a 1.3 percent gain ... read more
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EUR/USD threatens 1.3100 after Michigan CSI

posted by Avatar commentary 43 days ago in USD, EUR

The greenback, measured by the US Dollar index is inching higher and hovering over the 79.90 region as of writing session highs. At the moment, EUR/USD is losing 0.63% at 1.3098 with the next support lying at 1.3067 (low Apr.11) ahead of 1.3033 (low ... read more
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Gold price rises by Rs 135 on firm demand,silver dips Rs 80

posted by Avatar commentary 46 days ago in all, Commodities made popular 46 days ago

In New York, gold rose on safe-haven buying amidst negative US jobs data. Spot gold for June delivery up by USD 13.80 to USD 1643.90 an ounce on the Comex division of NYMEX late yesterday. While silver for May delivery ended lower by 21 cents to USD ... read more
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EUR/USD Weekly Fundamental Analysis April 2-6, 2012, Forecast

posted by Avatar commentary 56 days ago in EUR

Introduction: Out of the major currency pairs the most popular and easy to trade currency pair is the EUR/USD. It has become so popular with traders these days that even when there is no visible trade to be had it is yet traded as a matter of habit. read more
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Turkey's foreign trade deficit sees notable improvement in February

posted by Avatar commentary 56 days ago in CAD made popular 56 days ago

The foreign trade deficit is problematic because it causes the country's foreign reserves to constantly bleed out and could eventually disrupt Turkey's balance of payments as it also leads to a high current account deficit (CAD). To address this issue, ... read more
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Wheat edges up after hitting 2-month low; focus on USDA

posted by Avatar commentary 58 days ago in all

FUNDAMENTALS The trade is expecting USDA to forecast this year's corn plantings near 95 million acres, the most since 1944, soybean area at just over 75 million, slightly more than last year and total wheat acreage at nearly 57.5 million, ... read more
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Why the Dollar's Rally Can't Last

posted by Avatar commentary 66 days ago in JPY

Sure, it's had some ups and downs, but all in all, the dollar "Recent dollar strength is very narrowly based," they say in a note to clients. "About 55% of the rise in the US dollar trade-weighted index is against JPY, It's a very different situation ... read more
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The week that was: 24 February 2012

posted by Avatar commentary 92 days ago in NZD

New Zealand Post saw its profits jump for the six months up to the end of December, from NZD $15.8m in 2010 to NZD $35.4m in 2011 (USD $13.2m to $29.6m). But with growth propped up by Kiwibank's financial services, CEO Brian Roche said there was still ... read more