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Euro Continues Downward Spiral in Forex Trading
August 12, 2010Sovereign debt worries return to the euro zone Yesterday, the euro saw a bit of a collapse in forex trading on the currency market as it plummeted below the 1.30 level against the U.S. dollar. Today, the euro continues is drop in currency trading as sovereign debt worries return to the euro zone. GFT’s Kathy [...]
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Sterling Falls in Forex Trading as BOE Revises Forecast
August 11, 2010U.K. pound in currency trading The U.K. pound is lower in currency trading on the FX market this morning, thanks to the latest economic news out of Britain. Sterling is down in forex trading as the Bank of England revises its forecasts for CPI and GDP. The BOE foresees slower economic growth ahead, keeping in [...]
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Sterling Continues to Stuggle in Forex Trading
August 6, 2010U.K. pound in currency trading The sterling continues to struggle in forex trading on the currency market as economic news does not live up to expectations. U.K. industrial production numbers declined, and there are concerns about other economic measures as well. As a result, the pound is lower in currency trading on the FX market, [...]
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Australian Dollar Higher in Currency Trading
August 4, 2010Aussie in forex trading Even though risk aversion has set in, the Australian dollar is still higher in currency trading against the U.S. dollar. Global equities are down, including U.S. stock futures, and normally that would mean the Aussie heads lower in forex trading. However, there are some other fundamental issues at play. The Wall [...]
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U.S. Dollar Slips in Forex Trading
July 26, 2010Greenback falls on concerns about economy The U.S. dollar is slipping in forex trading on the currency market today, falling as forex traders consider the implications of economic data. Indeed, there is an interesting dynamic on the currency market right, with the U.S. dollar lower against high beta currencies, as well as down against the [...]
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Aussie Looks for 0.9000 in Forex Trading
July 21, 2010Currency trading with AUD/USD The Australian dollar is looking to break through the 0.9000 level against the U.S. dollar in forex trading. Earlier today, the Aussie was the only currency able to gain against the greenback (although it has since moved lower). However, even with minor setbacks in currency trading, AUD/USD shows promise. GFT’s Boris [...]
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U.K. Pound Rallies in Forex Trading
July 14, 2010Sterling heads higher in currency trading The U.K. pound is rallying today in forex trading on the currency market. An improving picture in the British economy is helping give the sterling a boost in currency trading. Britain saw a lower claimant count than expected, indicating that the jobs situation could be improving. Indeed, employment for [...]
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U.S. Dollar Finds Support in Forex Trading
July 5, 2010Slow day helps greenback in currency trading The U.S. dollar is finding some support in forex trading on the currency market this morning, helped along by the fact that U.S. markets are closed and volume is low. This comes as the U.S. dollar moved a bit lower at the end of last week, due in [...]
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U.S. Dollar Falters in Currency Trading
June 30, 2010Dollar lower as euro gains in forex trading The U.S. dollar is faltering in currency trading on the FX market today. The euro is gaining today as a little more optimism comes out. However, there is a possibility that the U.S. dollar could gain the upper hand again soon, since concerns about the economy are [...]
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Euro Moves Higher in Forex Trading
June 18, 2010Currency trading with the euro The euro is moving higher in forex trading against the U.S. dollar today as some good news helps support the risk trade to some extent. Euro is benefiting from good news out of Germany, with German PPI higher than expected. The euro is also being supported by stronger gold prices. [...]
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Euro Heads Lower in Forex Trading as Focus Returns to Spain
June 16, 2010European debt issues arise again The euro is heading lower in forex trading on the currency market as Spain is back in the spotlight. After adopting austerity measures, and inspiring some hope in world markets, Spain is again the subject of concern. There are worries that perhaps Spain (and maybe Portugal) may not be able [...]
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Euro Will Continue to Dive: Currency Expert
June 1, 2010The euro fell sharply against the U.S. dollar Friday after Fitch downgraded Spain’s credit rating. Which way will it go next? Boris Schlossberg, director of currency research at GFT Forex, discussed his outlook.
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Euro Falls Back in Forex Trading After Rally
May 28, 2010Currency trading with EUR/USD Earlier in trading, the euro posted gains in forex trading. Risk appetite picked up a bit, sending the euro up to 1.24 against the U.S. dollar on relief about events in Europe. However, uncertainty is returning to the financial markets, and the euro has slipped back below the 1.24 level, and [...]
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Chinese Yuan as Reserve Currency
May 22, 2010Even before the sovereign debt crisis in Europe damped confidence in the world’s second most important reserve currency, the Chinese Yuan was on the cusp of being accepted as a global reserve currency. We’re all familiar with the arguments attacking the Yuan in this context: its currency is pegged, its capital controls are rigid, and [...]
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Making Sense of the Markets
May 21, 2010Discussing the European contagion and the US outlook, with Len Blum, Westwood Capital managing director; Boris Schlossberg, GFT Forex director of currency research; Peter Beutel, Cameron Hanover president.
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Aussie Suffers in Currency Trading
May 20, 2010Risk aversion sends Australian dollar lower in forex trading A lot of focus has been on the euro in forex trading lately. However, the Aussie deserves some attention as well. As a high yielding currency, it should be doing quite well, but it has dropped this past week. GFT’s Boris Schlossberg explains in FX360 the [...]
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Euro Rally in Forex Trading Fades as Risk Aversion Sets In
May 20, 2010U.S. dollar back on top in currency trading Yesterday, the euro showed some fight in forex trading on the currency market, rallying a bit and arresting its tumble toward $1.20. There is speculation that the euro might have had a little help in this, but any intervention — if it happened — did accomplish its [...]
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Sterling Drops in Currency Trading as Monetary Officials Consider Their Options
May 18, 2010Forex trading with the U.K. pound The sterling is dropping in currency trading on the forex market as monetary officials consider their options. Even though the U.K. pound got a boost in forex trading on the news that inflation remains, the gains were short-lived, and the sterling is now down against the U.S. dollar and [...]
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News of Labours Spending Sends Pound Plummeting in Forex Trading
May 17, 2010Sterling drops dramatically on news that the Labour Party went crazy ahead of power change It looks as though the outgoing Labour Party in Britain went on something of a spending spree with public money in its final days, and the news of this spending has sent the sterling into a tailspin in currency trading. [...]