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Euro rallies vs US dollar but obstacles abound

posted by Avatar 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. read more
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Canadian Dollar Weakened By Poor US & Canadian Employment

posted by Avatar commodityblog 540 days ago in USD, EUR, CAD made popular 540 days ago

The Canadian dollar fell today as the employment reports from Canada and the US, the largest Canada’s trading partner, were worse than predicted, decreasing demand for the Canadian currency. read more
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Poor US Employment Data Spurs Oil & Precious Metals

posted by Avatar commodityblog 540 days ago in Gold, Oil, Metals made popular 540 days ago

Crude oil and precious metals, including gold, silver and palladium, gained after a report showed that US employers added fewer jobs than expected and unemployment rate in the US unexpectedly rose, decreasing appeal of the dollar and boosting dem read more
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USDCHF: Sets Up For Further Weakness.

posted by Avatar FXTechstrategy 540 days ago in CHF, Technical, Weekly made popular 540 days ago

USDCHF: With price failure at the 1.0065 level turning the pair sharply lower on Thursday and Friday, a sign of further declines the coming week is now seen. read more
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Video Recap: Weak Nov NFP Report Sinks USD

posted by Avatar FXTimes 540 days ago in USD, Fundamental, Employment made popular 540 days ago

Today’s Top Story was the NFP release, and how it strongly undershot expectations causing traders to sell the USD. This comes as the situation around the Euro-zone periphery bonds looked calmer to end the week, and Trichet and the ECB may have sa read more
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Always Be Prepared!

posted by Avatar pipSyGirl 540 days ago in Trading Psychology made popular 540 days ago

No set of words ring louder, or truer, as the first step to success than these from the great John Wooden: "If you fail to prepare, you are preparing to fail." read more
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Weekly Economic Review - Seasonality Problems

posted by Avatar 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 read more
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Canada’s Fiscal Deficits Rise; Potash and Oil Boost

posted by Avatar Evan 547 days ago in CAD, Oil, Trade made popular 547 days ago

The province of Saskatchewan has emerged as Canada’s leader in fiscal responsibility. That comes as a surprise to many investors because for years Alberta carried the torch on the heels of a secular energy boom. But Alberta’s fiscal discipline we read more
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Friday’s Forex Roundup For US Dollar Index, UUP And EUR/USD

posted by Avatar Rick2 547 days ago in USD, EUR, Technical made popular 547 days ago

The US Dollar Index (DXY) cleared the psychological 80 level on the third attempt in as many days. The key 61.8% retracement was reached before consolidation took hold. The 200-day moving average is now targeted while price-action remains support read more
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Sugar Advances on Supply Concern; Coffee Falls; Cocoa Rises

posted by Avatar Gimmy 547 days ago in Fundamental, Agriculture, Trade made popular 547 days ago

Raw sugar rose for a fourth day on concern that shipments may be delayed from India, the world’s second-biggest producer. Coffee declined, while cocoa gained. read more
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Dollar Extends Rally As Portugal Faces Debt Crisis

posted by Avatar Geron 547 days ago in USD, EUR, Fundamental made popular 547 days ago

The dollar rose further on Friday, extending its strong recent gains against the euro amid speculation that Portugal will be unable to service its massive debt without help from the European Union. read more
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Loonie down sharply this morning

posted by Avatar MattMcKelly 547 days ago in USD, CAD, Fundamental made popular 547 days ago

The Canadian dollar is trading low against the greenback this morning as global economic worries knocked a cent off the loonie. read more