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Euro rallies vs US dollar but obstacles abound

posted by usdtradesko 540 days ago in USD, EUR, Technical made popular 540 days ago

Currency bid prices at 5:54 p.m. EST (2254 GMT). All data taken from Reuters calculated from the levels at 4:30 p.m.(2130 GMT) in the previous New York session.

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Weekly Economic Review - Seasonality Problems

posted by usdtradesko 547 days ago in USD, Fundamental, Retail Sales made popular 547 days ago

All the economic news we read is based on data which has been "adjusted" for seasonal variations. As an example, US Census based retail sales historically fluctuate significantly month by month. December retail sales are approximately 1/3 large

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Oil on the defensive today

posted by usdtradesko 550 days ago in Oil

Between technical factors and a new outbreak of nerves in the Korean peninsula, oil prices are continuing their recent decline this morning. Good chance to shake out the speculators.

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Investors Put Too Many Eggs In 'Weak Dollar' Basket?

posted by usdtradesko 557 days ago in USD, Fundamental

The stronger dollar hit commodity prices – in turn, that sent equities lower, with natural resources companies leading the way down.

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Currency swaps market looks deceptively normal

posted by usdtradesko 559 days ago in USD, GBP, Fundamental made popular 559 days ago

Front-end prices in the cable or sterling versus dollar, basis swap market closed the end of the first week in November in positive territory. This is the first time this has occurred since before the crisis.

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Dollar picks up pace; European auctions in focus

posted by usdtradesko 564 days ago in USD, EUR, GBP made popular 564 days ago

The dollar rose against the euro and British pound, picking up more gains midday, as concerns about Portugal’s ability to finance itself increased and falling equities reduced investors’ willingness to stay in riskier assets.

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India, creator of US jobs

posted by usdtradesko 566 days ago in USD, Fundamental, Employment

President Obama comes to India at a time when the US economy’s inability to create jobs on the scale required to bring unemployment down has acquired a sharp political edge, and it showed in the President’s speeches in Mumbai.

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US economy as good as it will get, for now

posted by usdtradesko 568 days ago in USD, Housing, Employment

US unemployment is at its highest in 25 years and the housing market continues to show signs of weakness.

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Canadian Dollar Advances to 2-Week High Before Fed Meeting

posted by usdtradesko 572 days ago in USD, CAD, Fundamental made popular 572 days ago

Canada’s dollar rose to a two-week high versus its U.S. counterpart before this week’s meeting of the Federal Reserve, which may debase the greenback further by stepping up quantitative easing.

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Dollar Holds Steady After Fall, US GDP Eyed

posted by usdtradesko 576 days ago in USD, Fundamental, GDP

The U.S. dollar found a steadier footing against major currencies early in Asia on Friday, a day after posting its biggest fall in over a week as a fickle market turned its attention to looming U.S. growth data.

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Loonie's high value concerns Carney

posted by usdtradesko 578 days ago in CAD, Fundamental

Mark Carney, the governor of the Bank of Canada, said Tuesday the central bank remains “concerned” over the dollar’s elevated levels as a result of tensions in currency markets and the impact it could have on net trade.

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Retailers’ Holiday Sales Poised to Rise Most in 4 Years

posted by usdtradesko 598 days ago in USD, Fundamental, Retail Sales

U.S. holiday retail sales will climb 2.3 percent, for the best season in four years, as customers lured by promotions purchase apparel and electronics, the National Retail Federation said.

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