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Gold Prices Top Record, Break Through $1,260

posted by Avatar sophia 708 days ago in USD, Gold made popular 708 days ago

Gold for August delivery was popping $12.70 to $1,261.40 an ounce at the
Comex division of the New York Mercantile Exchange. The gold price has traded as high as $1,262 and as low as $1,243.10. The U.S. dollar index was slipping 0.07% to $85.62 read more
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Cover-It-Live (6/18) – Fundamental News and Technical Analys

posted by Avatar FXTimes 708 days ago in Technical, Fundamental made popular 708 days ago

Join us as we discuss this week's market activity from a technical analysis perspective and take a look at key fundamental stories. read more
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Yen Advances on Speculation

posted by Avatar sora 708 days ago in JPY made popular 708 days ago

The yen advanced against the euro and the dollar amid concern spending cuts to contain Europe’s debt crisis will damp global economic growth, boosting demand for the safety of Japan’s currency. read more
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Gold price hits record above $1 258 an ounce

posted by Avatar fahrell 708 days ago in USD, Gold made popular 708 days ago

The price of gold surged to an all-time high point above $1 258 an ounce on Friday, on the back of the weaker US currency and downbeat US economic data, traders said. read more
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Euro Heads Towards Best Week Since September

posted by Avatar camac 708 days ago in EUR

The euro headed towards its strongest weekly advance against the dollar since September, basking in the after-glow of a move to stress-test European bank balance sheets. read more
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USD steady as European crisis worries ebb

posted by Avatar erzon 708 days ago in USD

The dollar was little changed Friday against major currencies after European Union leaders moved to calm fears of a financial crisis. read more
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Yen Rises Versus Dollar, Euro on Japan’s Growth

posted by Avatar mateo 708 days ago in EUR, JPY, Trade

The yen advanced against most of its major counterparts as Japan’s ruling party announced a plan to restore growth, end deflation and shrink the budget deficit to contain the world’s biggest public debt. read more
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Euro gets thumbs-up; cbanker rejects expulsion

posted by Avatar vhinz316 708 days ago in EUR

Expelling members from the euro zone is no solution to the current crisis, a European central banker said on Friday, as policymakers lined up in a chorus of support for the single currency. read more
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Yen Advances for 5th Day as Japan Pledges to Cut Debt Levels

posted by Avatar sophia 709 days ago in JPY made popular 709 days ago

The yen gained for a fifth day against the dollar after Japanese Prime Minister Naoto Kan pledged to cut the world’s largest public debt, saying failure to do so may undermine the country’s sovereignty. read more
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Euro retreats after Greece downgrade renews concerns

posted by Avatar sophia 711 days ago in EUR, Trade made popular 711 days ago

The euro retreated on Monday as downgrade of Greece's debt to junk status by ratings agency Moody's renewed concerns about euro zone debt, dampening sentiment and cutting short a rally in the currency. read more
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Asian Market Update – 6/15/10

posted by Avatar topequitynews 711 days ago in Technical, Daily made popular 711 days ago

Asian equity markets are marginally higher as investors shrug the 4-notch sovereign downgrade of Greece by Moody’s and availability of credit concerns in Spain that helped reverse early risk appetite in the US session. Entering the final hour of read more
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EU Morning Report – Moody’s downgrades Greek debt to Junk!

posted by Avatar topequitynews 711 days ago in Technical, Daily made popular 711 days ago

Markets seemed to shun the fear of an EU wide debt crisis yesterday as global risk appetite picked up. It seems that no news is good news especially when the market was heavily pricing in risks of defaults. With a record number of short positions read more