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US Dollar Gains in Forex Trading
January 13, 2012Greenback higher in currency trading US dollar is gaining in forex trading on the currency market, thanks to concerns about what’s next for the European economy, US economy and more. US trade data has been anemic, and the latest debt auction from Italy didn’t go as well as expected. The result is that forex traders [...]
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Gold Tries to Rally, Even as US Dollar Gains
January 11, 2012Gold prices slightly higher in commodities trading Normally, gold prices move inversely to the US dollar, but sometimes the two move in tandem if risk aversion is a factor, since both can be considered safe havens. Right now, gold is attempting a rally, moving a little bit higher, toward the $1,640 an ounce level. With [...]
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Euro Tries to Recover Some Ground in Forex Trading
January 11, 2012Currency trading with the euro Euro dropped below the 1.2700 level earlier in trading. However, euro is back above that level, and trying to make up some lost ground. Helping the euro are comments from German chancellor Angela Merkel and ECB president Mario Draghi. The two talked about how they can help shore up the [...]
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US Dollar Mostly Lower in Forex Trading
January 9, 2012Risk appetite makes an appearance A small amount of risk appetite is sending the US dollar lower today in forex trading. Greenback is lower is currency trading pretty much across the board, dropping as forex traders show some hope regarding the eurozone. Even though the meeting between Sarkozy and Merkel didn’t result in any major [...]
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Euro Off Daily High in Forex Trading
January 9, 2012EUR/USD gains in currency trading No major announcements came out of today’s earlier meeting between Angela Merkel and Nicolas Sarkozy. As a result, the euro is paring some of its gains. While the euro is still higher than the US dollar in forex trading right now, the 17-nation currency is off its daily high today. [...]
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Euro Slips Back Below the 1.30 Level
January 4, 2012Euro in forex trading Yesterday, the euro ended above the 1.30 mark, gaining as general optimism took over. The story has changed now, and that optimism is disappearing, replaced, once again, by fears about the eurozone. Indeed EUR/USD has slipped below the 1.30 level again, heading lower as concerns about the banking industry in Europe [...]
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Will Euro Have Even More Problems in 2012?
January 2, 2012Euro forex trading forecast Could the euro be headed even lower in forex trading for 2012? The euro closed out 2011 with lows not seen for years. In the case of the yen, euro closed lower than it had since 2001. With concerns about the eurozone debt situation, and with worries about the global economic [...]
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US Growth May Improve in 2012 — Even as Eurozone Growth Decreases
December 30, 2011US dollar forex trading forecast The US economy has been showing signs of growth recently, with declining jobs claims, increased holiday sales, better housing data (thanks to pending home sales) and improved consumer sentiment. As a result of this good news, some expect to see a US economic recovery pick up the pace in 2012 [...]
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Greenback Drops Against Commodity Currencies
December 30, 2011US dollar in forex trading Greenback is lower against commodity currencies today as oil prices pare losses, and as gold prices surge higher. While gold prices still remain below $1,600 an ounce, they are nevertheless on the rise, and ready to rally. The news has commodity currencies like the Australian dollar heading higher. Indeed, the [...]
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Gold Prices Continue Sliding on Dollar Strength
December 28, 2011Forex trading and commodities Gold prices continue to slide in commodities trading as the US dollar gains strength. Gold prices have dropped below $1,575 today, heading lower for yet another day. As the US dollar gains strength, gold prices are pressured. Recently, gold hasn’t been used so much as a safe haven as it has [...]
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Will the US Dollar Remain Strong in Forex Trading?
December 28, 2011US dollar forex trading forecast The US dollar has had a pretty good bull run in 2011. The dollar has strengthened as worries in the eurozone and concerns about the global economy have prompted an interest in safe haven. Indeed, the greenback is higher today, with the dollar index rising, once again, as stocks drop [...]
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Euro Mostly Flat Against Majors Today
December 23, 2011Euro in forex trading The euro is mostly flat against other majors today, with forex traders in holiday mode. Euro is very slightly down against the US dollar, and is very slightly up against the UK pound today. For the most part, forex traders are in a sort of wait and see situation. Austria has [...]
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Whats Next for the US Economy?
December 22, 2011Is the economy finally ready to recover? Today, the US dollar index is lower, and the high beta currencies are gaining. Much of this has to do with optimism regarding what could be next for the US economy. Economic data today was mostly better than expected. Other than hiccups involving GDP, jobless claims were down [...]
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Eurozone Crisis Continues to Widen in the Global Market
December 21, 2011US dollar gains on uncertainty The eurozone debt crisis appears to be spreading to other markets. Indeed, one of the fears was that the crisis would begin impacting wider markets. And, as eurozone leaders work to contain the problem in Europe, there isn’t much done to contain the crisis elsewhere. Indeed, attempts by eurozone banks [...]
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Euro Drops as Banks Borrow more than Expected from ECB
December 21, 2011Euro in currency trading Euro is heading lower as area banks borrow more than expected from the European Central Bank. The ECB introduced a program to allow banks to take three-year loans in order to prevent a credit crunch for the region. Forecasts were that about 310 billion euros would be borrowed. As banks began [...]
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Will Gold Rise Above $2,000 an Ounce in 2012? Or Fall Below $1,500 an Ounce?
December 19, 2011Trading forecast for gold prices Right now, gold prices are just above $1,600 an ounce, as investors watch Europe, and process the death of Kim Jong Il. Gold prices have fallen significantly in recent days, and there are some that believe that gold prices still have further to fall. Others, though, believe the opposite — [...]
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Markets Focus on Kim Jong Il and Europe
December 19, 2011Euro slips in forex trading Forex traders are focusing on Europe, and on the passing of Kim Jong Il today. There is some uncertainty, and a propensity for defense today in the Forex market. Forex traders are still trying to determine what the passing of Kim Jong Il, the North Korean dictator, means for the [...]
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Eurozone Wage Growth Slows, But Doesnt Stop Euro in Forex Trading
December 16, 2011Euro edges higher on FX market Eurozone wage growth may have slowed in Quarter 3, but the news hasn’t harmed the euro much today in forex trading. Indeed, the euro is edging higher as many forex traders ignore some of the data. There is a lot of ignoring going on right now as forex traders [...]
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Whats Next for Britain and the European Union?
December 9, 2011UK pound mixed in forex trading The big news today is that Britain has rejected the latest EU fiscal rules — and the fact that the Union would be able to tinker with budgets not up to scratch. This rule would be in effect for all EU countries, not just those in the eurozone. David [...]
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Gold Prices Ease; Could Gold Deflation Be a Reality in 2012?
December 5, 2011US dollar lower today in forex trading Gold prices are easing a bit this morning on the commodities market. With the situation in Europe looking a little better, there is less need for a safe haven. Indeed, there are some expectations that next year will see some deflation for gold prices. If things improve for [...]