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Japanese Yen Reversal To Take Shape On Intervention Threats, BoJ

posted by Avatar czarinacleopatra 1 day 11 hours ago in USD, EUR, JPY made popular 1 day 10 hours ago

Although the BoJ preserved its current policy in May, Governor Masaaki Shirakawa held a highly dovish tone while speaking to parliament and vowed to tackle the risks surrounding the region as it aims to achieve the 1% target for inflation. read more
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Banks' Dollar Funding Costs Hold at Two-Week Low in Europe

posted by Avatar czarinacleopatra 1 day 23 hours ago in USD, EUR, JPY, CAD, AUD, NZD

The three-month cross-currency basis swap, the rate banks pay to convert euro interest payments into dollars, was 45 basis points below the euro interbank offered rate at 8:25 am in London, according to data compiled by Bloomberg. read more
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Euro shaky on Greece exit fear, near 22-month low

posted by Avatar czarinacleopatra 3 days ago in all made popular 3 days ago

Against a basket of major currencies, the dollar stood at 82.086 . That was close to a peak of 82.221 hit on Wednesday, the dollar's highest level since September 2010. The dollar held steady against the yen at 79.50 yen. Data showing that China's ... read more
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Seoul shares seen recovering on China easing

posted by Avatar czarinacleopatra 13 days ago in all made popular 13 days ago

Seoul shares are seen opening higher on Monday, recovering from a 3-1/2 month low after signs of economic weakness prompted China, South Korea's largest trading partner, to free up more funds for banks to lend out. read more
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Panasonic follows Sony; loss balloons ten-fold after year of record red ink

posted by Avatar czarinacleopatra 14 days ago in JPY made popular 14 days ago

The Osaka-based maker of Viera TVs and Lumix digital cameras reported today a record loss of 772.2 billion yen (USD 9.6 billion), a reversal from the 74 billion yen profit a year ago and among the biggest in Japan's manufacturing history. read more
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HSBC Jan-Mar qtr profit up 26% to $6.78 bn

posted by Avatar czarinacleopatra 18 days ago in GBP

Excluding charge and the impacts of acquisitions and sales, underlying profit before tax (PBT) increased to USD 6.78 billion from USD 5.41 billion a year earlier, the banking major said. The UK-based lender posted a total operating income of USD 20.44 ... read more
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Buffett Is Wrong, Gold Prices Will Soar as European Austerity Dies

posted by Avatar czarinacleopatra 19 days ago in EUR

Is Europe experiencing deflationary forces? Most definitely. Your task is to choose which is more powerful. Japan's deflationary cycle has been going on for almost 30 years, in the same amount of time, gold has been up and down. read more
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Iran to invest USD30 bn in developing joint oil, gas fields

posted by Avatar czarinacleopatra 27 days ago in USD, Commodities made popular 27 days ago

Managing director of the National Iranian Oil Company (NIOC) says Iran is planning to sign USD 25-30 billion worth of contracts for developing joint oil and gas fields. Ahmad Qalebani said Sunday that signing contracts for the development of joint oil ... read more
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How $120 Oil Can Boost Your Small-Cap Returns

posted by Avatar czarinacleopatra 28 days ago in Commodities made popular 28 days ago

It means that as the oil price stays high it's just under USD$120 per barrel oil fields that were uneconomical to drill have become, well economical. It also means that hard to access terrain and even politically unstable countries are looking ... read more
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Chart AUD/NZD Update: Further extend the 6-wk decline

posted by Avatar czarinacleopatra 44 days ago in NZD made popular 44 days ago

High-Risk Warning Forex, Futures, and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work against you as well as for you. You must be aware of the risks of investing in forex, futures, ... read more
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USD, Yen Outperform as NFPs Prompt Risk Sell-Off

posted by Avatar czarinacleopatra 47 days ago in USD, JPY

The Japanese yen is the highest performing currency against a stronger greenback in early US trade with the USD/JPY off by 0.42% on the session. Equity markets were off sharply at the open after a disappointing non-farm payroll report on Friday came in ... read more
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The Greenback in a show-off mode, eyes on Draghi

posted by Avatar czarinacleopatra 52 days ago in USD, EUR, CAD, AUD, Economic Indicators

Although the US economy has shown improvements during the recent months, the recovery has no real evidence of sustainability, while the euro area continues to struggle fighting its debt woes under the threat of economic recession. read more