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USD/JPY: Worth a medium-term long play?

posted by Avatar penpip 2 days ago in USD, AUD made popular 2 days ago

Reports from prime brokers suggest that the market is heavily short EUR/JPY and I'm guessing that there are similar shorts in risk-aversion plays like AUD/JPY as well. I'm thinking that the trade which is most likely to surprise could be a USD/JPY ... read more
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Australian Dollar Outlook - 05/25/2012

posted by Avatar penpip 2 days ago in USD, EUR, JPY, GBP, CAD, AUD made popular 2 days ago

Reinforcing the need for stimulus in China, the HSBC flash manufacturing PMI eased slightly in May to 48.7 showing a tough growth environment for smaller manufacturers. There are no data releases due today therefore we expect the AUD to continue its ... read more
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USD/JPY Buy the Rumor, Sell the News?

posted by Avatar penpip 4 days ago in all made popular 4 days ago

By Fan Yang USD/JPY pushed above the 79.40 resistance and is now approaching the 80.00 handle in the 5/22 US trading session. The 80-80.20 area contain a declining trendline, and the 23.6% retracement level of the 84.16-78.97 swing. read more
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Wheat at 2-week top on dry weather; corn, soy rise

posted by Avatar penpip 10 days ago in USD, EUR, AUD

The US Department of Agriculture said exporters sold 900000 tonnes of US corn to China, including 180000 tonnes of old-crop supplies. A record US corn crop this fall will end two years of nail-biting tight supplies, the US government predicted last ... read more
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'Profit-taking' cited as AUD edges higher

posted by Avatar penpip 17 days ago in JPY, AUD

Early Tokyo trade is seeing some AUD/USD and AUD/JPY profit taking and we are 20 pips higher on the session, now approaching reported hedge fund selling at 1.0060. Dealers don't expect any major breakouts pre-employment data. The opinions and analysis ... read more
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EUR/USD grinding lower, eyes on NFP

posted by Avatar penpip 22 days ago in EUR

Prior surveys expect the US economy to add +170K jobs in April and the unemployment rate to remain intact at 8.2% during the same period. Softer than expected PMI data are still weighting on the cross, although a better defined trend would turn up ... read more
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US corn at 3-week top on tight supply, soy dips

posted by Avatar penpip 27 days ago in USD, EUR, AUD, Commodities made popular 27 days ago

The US Agriculture Department on Friday confirmed the largest one-day sale of US corn since 1991. The transaction totalled 1.56 million tonnes, and while the USDA did not identify the buyer, grain traders said the bulk of it was bound for China. read more
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AUD/USD-Congestion area around 1.0400 back in play

posted by Avatar penpip 31 days ago in AUD made popular 31 days ago

Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your ... read more
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Daily Technical Crosses: EUR/GBP, EUR/CHF, AUD/USD, NZD/USD,USD/CAD

posted by Avatar penpip 32 days ago in EUR, CHF

The EUR/GBP pair rose for the balance of the session on Tuesday, bouncing from the lows to retest that current breakdown in this pair. The Euro is certainly in a lot of trouble, and it should be noted that the Pound has been strong overall lately. read more
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C$ rattled lower by euro zone concerns

posted by Avatar penpip 33 days ago in all made popular 33 days ago

At around 8:10 am (1210 GMT), the Canadian dollar was at C$0.9973 against the greenback, or $1.0027, down from Friday's finish at C$0.9926 against the greenback, or $1.0075. The developments overshadowed last week's Group of 20 vow in which leading ... read more
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Kitcommentary from Kitco Metals Inc. - "Ag, Phone Home!"

posted by Avatar penpip 36 days ago in CAD, Commodities

For example, the $800 million (CAD) gold mine project in Kamloops will run "dry" of its estimated gold deposit within 23 years. You say that gold prices will never drop again? Well, consider the analysis and projections offered by Chart Prophet Chief ... read more
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Nestl Annual General Meeting: Strong support from shareholders for Board ...

posted by Avatar penpip 36 days ago in CHF

The shareholders further approved the proposed dividend of CHF 1.95 per share, and agreed to the capital reduction. All proposals of the Board of Directors were approved with strong majorities. Shareholders re-elected Mr Daniel Borel to the Board for a ... read more