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AUD/USD - Close Open Orders

posted by joemama 1304 days ago in USD, AUD, Technical made popular 1304 days ago

No trade today as AUD/USD did not make another attempt to to go lower, instead finding buyers above .6000. Risk appetite grew across the board during today's trading session as equities found buyers and after the Bank of Japan announces they will

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Cross-Eyeing: EUR/JPY - Trade Adjustment

posted by joemama 1304 days ago in EUR, JPY, Technical made popular 1304 days ago

My short entry orders were triggered during the morning European trading session and it looks like sellers were ready to jump all in as the pair dropped from 131.00.

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Pick of the Day: EUR/USD

posted by joemama 1304 days ago in USD, EUR, Technical made popular 1304 days ago

The FOMC cut rates by 50 basis points yesterday, which was enough to push EUR/USD further up to my entry orders at 1.3000. Unfortunately, it pushed it up way more than that as the rally took the pair as high as 1.33 during the Asian session befo

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Federal Reserve and IMF are Getting Good with Handouts

posted by joemama 1304 days ago in USD made popular 1304 days ago

Does the 'establishment of temporary reciprocal currency arrangements' mean anything to you? Yeah, it kind of went by me in a blur the first time I read it. Basically, this has become one of the side shows for the Federal Reserve.

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European markets rise on strong earnings, rate cuts

posted by kulas 1304 days ago in EUR, Fundamental, Daily made popular 1304 days ago

The European markets rose for the third day on Thursday after Deutsche Bank, AstraZeneca and Metro reported better than expected earnings and central banks from Washington to Hong Kong cut interest rates.

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New numbers a sign of slowing Canadian economy

posted by blitz 1304 days ago in CAD, Fundamental made popular 1304 days ago

New numbers from Statistics Canada on Thursday gave hints that the ongoing global financial crisis is beginning to infect other parts of the Canadian economy.

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Japan's desperate £260bn bid to kick-start economy

posted by olivia 1304 days ago in JPY, Inflation made popular 1304 days ago

Japan is to give emergency cash hand-outs to every household in the country regardless of whether they are rich or poor as a part of $260bn (£159bn) blitz to kick-start the world's second-largest economy and prevent a slide back into deflation.

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Inflation dashes hopes of Reserve Bank rate cuts

posted by LadyGodiva 1304 days ago in AUD, Inflation made popular 1304 days ago

The Reserve Bank of Australia has moved to hose down expectations of another interest rate cut, warning high inflation remains an issue and could limit its ability to move.

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Canadian New Home Starts Forecast to Drop in 2008, 2009

posted by scorpio 1304 days ago in CAD, Housing made popular 1304 days ago

New home starts in Canada are expected to drop sharply this year and next, according to a report released Thursday by Canadian Mortgage and Housing Corporation (CMHC).

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German economy well placed, Bundesbank chief says

posted by strawberry 1304 days ago in EUR made popular 1304 days ago

Germany faces a difficult global economic environment but is well placed to cope with it and should gradually gain strength next year, Bundesbank President Axel Weber said on Thursday.

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Gold, oil fall due to demand fears

posted by Valerie 1304 days ago in Gold, Oil made popular 1304 days ago

Gold and oil fell on Thursday, giving up gains, as the dollar trimmed losses against the euro and recession threats offset a brief outbreak of optimism about the global economy fuelled by a U.S. interest rate cut.

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Australian, N.Z Dollars Gain as China, US Cut Interest Rates

posted by Romantiq 1304 days ago in USD, AUD, NZD made popular 1304 days ago

The Australian and New Zealand dollars rose for a third day against the U.S. currency after central banks in the U.S. and China cut interest rates, boosting investor appetite for higher-yielding assets.

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