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Euro-Zone in the spotlight – risk appetite gains momentum
October 13, 2011After reaching highs of $1.3833 versus the dollar yesterday, the euro dipped in early morning trade but remains well supported by the current wave of positive sentiment towards riskier assets. Despite its early morning consolidation, further gains could be seen near term, with the overnight news of a better than expected Australian jobs report f [...]
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Forex: AUD/USD edging higher in early Asia
August 9, 2011FXstreet.com (California) – After an extreme drop from 1.10 to back below parity, extending into… For more information, read our latest forex news. FXstreet.com: Latest News
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STERLING RETRACES ITS GAINS IN EARLY MORNING TRADING
May 12, 2011After an attempted claw back early yesterday, the euro came under sharp selling pressure again over the day and overnight as markets continue to focus on euro zone debt issues. Fears that problems in Greece could impact elsewhere, despite the best efforts of policymakers to try and keep the situation under control, pushed the single [...]
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Forex: USD/JPY trims early losses, still pressured
April 19, 2011FXstreet.com (Córdoba) – Having lost 82.50 static resistance area on strong stocks slide over most… For more information, read our latest forex news. FXstreet.com: Latest News
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Dollar gains on global political uncertainty
February 12, 2011It is a amazing that despite some improving signs on the domestic economy, it is developments in Egypt that have helped prop up the dollar in early Friday (February 11) currency trade. Read more …
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NEWS FLASH: MARKETS AWAIT THE TREASURY SPENDING CUTS
October 20, 2010A surprise interest rate hike of 0.25% in China provided some safe haven support for the dollar yesterday but gains were trimmed overnight as the impact started to wear off and markets turned wary of pushing the USD too far out of current ranges ahead of the early November FOMC meeting. A string of Fed [...]
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Wall Street ends on mixed tone, Tech companies head up
September 16, 2010FXstreet.com (Barcelona) – American equities failed to firm the prevailing upside momentum showed since early September, after investors had to fight a tight trading range formation, which hindered further upside scope. An almost insignificant decrease in initial jobless claims from a revised 453K to 450K altered positively the market, yet effects were restricted by the [...]
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Gold moves closer to record
August 26, 2010Gold prices moved closer to its all-time high on Wednesday (August 25) despite relative firmness in the dollar. One ounce of gold currently fetches $1,238 in early evening New York Globex trade. Gold closed Tuesday at $1,230.40 after a Monday close of $1,225.90. At one point in early morning New York NYMEX trade Tuesday, gold [...]
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Forex: USD/CAD settling near 1.0440
August 16, 2010FXstreet.com (Barcelona) – The USD/CAD has been able to come off early lows around 1.0370, rebounding nearly 100 pips by mid-day over New York as staunch risk aversion continues to buoy the greenback. By closing bell, the pair has begun to settle around 1.0440 where it shows a daily gain of 0.18%. The FXMarkets Alerts [...]
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Dollar remains in downward trend
August 4, 2010The value of the dollar continues to sink even in the midst of positive earnings reports and a modest improvement in the level of private company hiring during July. One euro is worth $1.3210 in early Wednesday (August 4) New York currency trade after peaking at $1.3242 earlier. The euro remains in a strong upward [...]
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Forex: AUD/JPY recovers above 78.10
July 29, 2010FXstreet.com (Barcelona) – The AUD/JPY dropped nearly 40 pips from its session high above 78.20 in the early hours of the Asian session, brought lower on an appreciating yen and overall lower market sentiment. The pair however has most recently made movement once again to the upside, erasing those early losses and trading near even [...]
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Euro soars past $1.30
July 17, 2010The Euro continues its remarkable rebound against the dollar following a long-term low of $1.1876 in early June. Since that point, the Euro has bounced nearly 11 pips in about six weeks to a current rate of $1.2935. One Euro actually traded as high as $1.3009 in late European trade before opening in New York [...]
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Crude futures recovers from broad slide, yet still finishes lower
July 15, 2010FXstreet.com (Barcelona) – Tracking losses over Wall Street, crude futures broke lower early in New… For more information, read our latest forex news.