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EUR/USD on the mend; equities, oil rebound

posted by oBebzo 948 days ago in USD, EUR, Oil made popular 948 days ago

Traders remain reluctant to short-EUR/USD anywhere close to the 1.49 area as central bank demand from the likes of Russia just below that level portend limited profit opportunities. One stock index futures and oil futures arrested their earlier d

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Dollar edges down against most major rivals

posted by oBebzo 949 days ago in USD, Technical made popular 948 days ago

The dollar put in a mostly downbeat performance in Asian trading Wednesday, edging lower against major rivals as investors took profits.

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Aussie dollar charges to US93c

posted by oBebzo 949 days ago in USD, AUD, Fundamental

THE Australian dollar burst through US93c yesterday, extending its stunning run towards parity with the greenback, as the Reserve Bank revealed that inflationary pressures had forced it to start raising interest rates.

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What happens if the dollar crashes?

posted by oBebzo 950 days ago in USD, Fundamental, Special made popular 949 days ago

The financial crisis taught us that markets can drop further and faster than anyone expects. Housing prices, for example, fell for three straight years starting in 2006, even though the conventional wisdom right up until the bust began was that p

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It's All About the Euro

posted by oBebzo 950 days ago in USD, EUR, Special made popular 950 days ago

Finance ministers from the Euro Zone will be meeting later today to discuss with Jean-Claude Juncker, the Eurogroup chairman, their concerns about the Euro-zone’s recovery, given the single currency Euro’s recent continued rise.

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Gold May Gain as a Weakening Dollar Increases Demand

posted by oBebzo 951 days ago in USD, Fundamental, Gold made popular 950 days ago

Gold, little changed in London today, may gain on speculation a weaker dollar will boost the metal’s appeal as an alternative investment.

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Euro falls against dollar, yen

posted by oBebzo 951 days ago in USD, EUR, JPY made popular 951 days ago

The euro backed off a 14-month high against the dollar and a two-month peak against the yen on Monday as investors trimmed long positions on caution about what euro zone finance ministers might say about its recent strength.

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EURUSD under pressure, Yen crosses lower

posted by oBebzo 951 days ago in USD, EUR, JPY made popular 951 days ago

Some selling has come thru on the EURUSD pushing it down towards 1.4860. Support is seen at 1.4840 area. EURJPY has followed, slipping back towards 135.00. Bids are waiting just below 135.00 but stops also below 134.90.

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The dollar retains impact despite weakness

posted by oBebzo 951 days ago in USD, Technical made popular 951 days ago

The U.S. dollar has depreciated in trade-weighted terms by as much as 11.5 per cent over the past six months against the yen, the euro, the Canadian dollar as well as the Australian and New Zealand dollars. Though not for the first time, the doll

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Canadian Dollar and Crude Oil Review

posted by oBebzo 951 days ago in CAD, Technical, Oil made popular 951 days ago

The speculative interest in oil has increased over the course of the last five days of trade, inspired it seems by the bullish nature of global equity trading at the beginning of the week. Lower than expected U.S. oil inventory numbers also helpe

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Higher prices not driving dollar down

posted by oBebzo 952 days ago in USD, Fundamental made popular 951 days ago

In a litany of repetition, successive U.S. Treasury Secretaries have consistently called for a strong dollar, no matter what the vagaries of various economic cycles implied.

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Oil down towards $77 on supply, corporate earnings

posted by oBebzo 953 days ago in Fundamental, Oil

Oil retreated from a year-high above $78 touched early on Friday after a renewed focus on brimming inventories, disappointing corporate earnings and a slip in consumer confidence chipped away at bullishness across financial markets.

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