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U.S. Dollar a Little Lower in Currency Trading
September 6, 2010Euro higher in forex trading The U.S. dollar is a little bit lower today against the euro in forex trading on risk appetite. It’s a quiet day, with U.S. markets closed for the Labor Day holiday, but the currency market is still open. The euro has the upper hand right in forex trading, thanks to [...]
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Will the Swiss Franc Continue to Gain in Currency Trading?
September 3, 2010Risks to the Swiss franc rally One of the best performers this year on the FX market has been the Swiss franc. It has everything going for it: traditional safe haven status and an expanding economy with inflation kept under wraps. However, the Swiss franc may not see such progress as the year comes to [...]
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U.K. Pound Still Has Struggles in Forex Trading
September 3, 2010Sterling in currency trading The U.K. pound is still struggling overall in forex trading on the currency market. Earlier today, sterling saw a sell off in currency trading. However, for now, the U.K. pound appears to be doing better. The better than expected payrolls data out of the U.S. appears to be helping high beta [...]
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FX Trading Surge
September 2, 2010Daily currency volume Boris Schlossberg, director Of currency research GFT.
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Euro Maintains Gains in Forex Trading
September 2, 2010Dollar weakness on the currency market The euro is maintaining its gains in forex trading on the currency market today. The ECB announced that it is keeping interest rates steady for now, and forex traders expect Jean Claude Trichet to announce that liquidity measures will remain in effect through the end of the year. U.S. [...]
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U.S. Dollar Continues to Soften in Forex Trading
September 2, 2010Greenback in currency trading The U.S. dollar continues to soften in forex trading on the currency market today. Indeed, the U.S. dollar is mostly lower, dropping against the euro, yen and Aussie. Against the sterling, though, the U.S. dollar is slightly higher. Sterling appears to be underperforming, especially in light of some evidence that Britain [...]
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Currencies Remain In Corrective Mode
September 1, 2010Kathy Lien, director of currency research at GFT Forex, on what to expect from the currency markets.
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High Beta Currencies Head Higher in Forex Trading
September 1, 2010U.S. dollar down against sterling and euro The U.S. dollar is down against the sterling and the euro in forex trading today. High beta currencies are moving higher as the global economic outlook gets a little boost from the positive manufacturing data out of China. Earlier, sterling moved lower against the U.S. dollar, but it [...]
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Japanese Yen Finds Popularity in Currency Trading
September 1, 2010Yen strengthens against the U.S. dollar U.S. dollar weakness has become more pronounced recently, and that is leading to yen strength in currency trading. Indeed, the Japanese yen is attracting new investors as the greenback weakens. The yen, though, is not gaining against high beta currencies, though. With Chinese manufacturing data providing a boost for [...]
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Will Slowing Economic Growth Undermine the U.S. Dollar?
August 31, 2010Greenback in forex trading It appears that slowing economic growth is likely to undermine the U.S. dollar going forward. Even though the greenback has been a safe haven currency in forex trading, it needs strong fundamentals in order to find support going forward. Right now, that means signs of economic growth. Indeed, GFT’s Kathy Lien [...]
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Coordinating Yen Intervention
August 26, 2010Airtime: Sun. Aug. 22 2010 | 6:10 PM ET Kathy Lien, director of currency research at GFT, says Japan, Europe and the U.S. must coordinate intervention in order to successfully curb yen appreciation. She tells CNBC’s Martin Soong & Adam Bakhtiar that if d
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What Does Japan Need For Growth?
August 26, 2010Kathy Lien, director of currency research at GFT, says as an export-dependent economy, Japan needs its trade partners to bounce back to stimulate its growth. She speaks to CNBC’s Martin Soong and Adam Bakhtiar.
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Technical Analysis in Forex Trading
August 26, 2010Kathy Lien, director of currency research at GFT, shares her strategy for trading in the FX markets with CNBC’s Martin Soong.
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Focus Shifts to U.S. Dollar as Jackson Hole Symposium Gets Underway
August 26, 2010Forex trading forecast for the U.S. dollar Today, there has been some focus on the euro zone as German consumer confidence has provided a boost for the euro in forex trading. However, that focus is about to shift. A symposium is scheduled to start today in Jackson Hole, Wyoming, and the economy is expected to [...]
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U.S. Dollar Drops Against the Canadian Dollar in Forex Trading
August 26, 2010Currency trading with USD/CAD The U.S. dollar is moving lower against the Canadian dollar in forex trading on the currency market today. Indeed, the U.S. dollar’s recent rally attempt has been cut off, as the greenback moves mostly lower against other currencies on the FX market. News that initial claims for unemployment have dropped is [...]
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Euro Gains the Upper Hand in Forex Trading
August 25, 2010Euro in currency trading After seeing a bit of a pullback on S&P’s downgrading of Ireland’s sovereign debt, the euro is seeing some gains in forex trading. The euro is up against the U.S. dollar in currency trading. One of the main helps to the euro has come from the better than expected German Ifo [...]
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China Brings in 54 Billion Yuan During Bond Sale
August 25, 2010Could yuan be the next world currency? China certainly appears to be on its way to building the next de facto world currency. In spite of some relatively recent calls for a new global reserve currency, it appears that China could actually be setting things up for the ascendancy of the yuan. Earlier this week, [...]
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Aussie Falls in Forex Trading as Risk Aversion Sets In
August 24, 2010Currency trading with the Australian dollar Currency trading with the Australian dollar should consider that it is one of the few currencies lower as compared to the U.S. dollar today. With risk aversion the story, it is little surprise that the Aussie is falling in forex trading on the currency market. Worries about the U.S. [...]
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U.S. Dollar Tanks in Forex Trading, Thanks to Economic Concerns
August 24, 2010Greenback affected by worries about a double dip recession Economic concerns have sent the U.S. dollar lower in forex trading on the currency market. Existing home sales data for July showed the biggest monthly drop ever. Added to the recent weak data from the employment market, it appears that the economy could be headed for [...]
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Go Long on the Swiss/Yen: FX Strategist
August 23, 2010Kathy Lien, director of currency research at GFT, says her favorite play for 2010 is going long on swiss-yen as she forecasts it will hit 85 by the end of the year. She speaks to CNBC’s Martin Soong, Adam Bakhtiar