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Oil prices rise during week

posted by megumi 602 days ago in USD, Oil made popular 602 days ago

Crude prices have been on the rise this week, moving along with global stock markets, which managed to post gains despite mostly bearish data that came out in the US over the past five days of trading.

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Euro Gains Could be Reversed

posted by megumi 603 days ago in EUR made popular 603 days ago

The euro is just in a "corrective phase" and its recent gains could be reversed because "there are so many unknowns," Jane Foley from Forex.com told CNBC Friday.

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Dollar down on risk aversion

posted by megumi 604 days ago in USD made popular 604 days ago

THE dollar opened lower on today as risk aversion returned after BP agreed to place $US20 billion ($23.09 billion) into an oil spill victims fund.

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Gold Prices Climb, Silver and Platinum Advance

posted by megumi 605 days ago in USD, Gold

New York gold futures advanced the most in a week on Tuesday, benefiting from a weaker dollar and a touch of haven buying.

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US gold futures cut losses after Greek downgrade

posted by megumi 607 days ago in USD, Gold, Trade

U.S. gold futures recouped more than half their early losses in late trade Monday after Moody's Investors Service downgraded Greece's credit rating, rekindling fears about excessive debt levels in several euro zone countries.

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Oil expected to climb as stock markets, euro revive

posted by megumi 608 days ago in EUR, Oil made popular 608 days ago

Crude oil may rise this week on speculation the euro and equities will advance, signs that the global economy and oil demand will strengthen, a Bloomberg News survey showed.

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Forex Trading Strategy: 6 Simple Steps to Success

posted by megumi 609 days ago in Special, Trading Psychology made popular 609 days ago

If you want to win at forex trading you need a forex trading strategy that can help you enter the elite 5% that make money and avoid joining the vast majority of losers.

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Sterling continues trading above 1.21 against the Euro

posted by megumi 610 days ago in USD, GBP made popular 610 days ago

Having started the week at $1.4491 the climb to $1.4705 over the last 5 days has come as welcome relief for those buying the dollar selling Sterling. Unfortunately these levels are not so attractive considering recent past prices.

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EUR/USD Holds Up In Asia

posted by megumi 610 days ago in USD, EUR made popular 610 days ago

I left for 7 hours kip with EUR/USD at 1.2115 and that’s where I find it now, with Asian trade confined to a fairly narrow 1.2094-1.2148 range. Well it’s Friday, which has tended to be risk-off Friday of late if my memory serves me correctly. Wi

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Yen falls as prime minister Hatoyama resigns

posted by megumi 618 days ago in JPY made popular 618 days ago

The yen yesterday fell against its major counterparts amid speculation that Finance Minister Naoto Kan would succeed Prime Minister Yukio Hatoyama, who resigned yesterday.

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US weekly gasoline demand up 3.7 pct

posted by megumi 618 days ago in USD, Retail Sales made popular 618 days ago

U.S. retail gasoline demand rose 3.7 percent in the week ending May 28 due to the Memorial Day holiday, the SpendingPulse report said on Tuesday.

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Euro Seen Vulnerable Near 4-Year Low vs Dollar

posted by megumi 619 days ago in EUR made popular 619 days ago

The euro was steady against the U.S. dollar above a four-year low on Wednesday but looked increasingly vulnerable to another sell-off amid mounting concern that the euro zone's debt crisis is spreading to its banking system.

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