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U.S. Dollar Mostly Higher in Forex Trading
August 23, 2010Currency trading on the FX market The U.S. dollar is mostly higher in forex trading on the currency market today as risk aversion makes a small appearance. The greenback is making a good appearance as concerns around the world create some pessimism regarding economic recovery. The euro is lower in forex trading against the U.S. [...]
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Will Australia End Up with a Hung Parliament?
August 23, 2010Aussie not really affected in currency trading There is some concern that the Australian dollar may be affected in forex trading by the expectation of a hung parliament. A clear majority does not appear to be emerging with the primary vote almost counted. However, even so, it does not appear that a hung parliament would [...]
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Squawk Box
August 20, 2010Discussing oil, markets and currencies, with Carl Larry, Oil Outlooks and Opinions; Boris Schlossberg, GFT Forex and Peter Yastrow, Yastrow Origer.
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U.S. Dollar Looks for Strength on Risk Aversion
August 20, 2010Greenback in forex trading The U.S. dollar is strengthening in currency trading on the FX market, thanks to risk aversion related to the financial markets. The greenback is heading higher in forex trading right now. Indeed, the short term U.S. dollar forex trading forecast is likely to be one of strength, since traders are wary [...]
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Euro Drops in Forex Trading
August 20, 201016-nation currency struggles on FX market The euro is dropping in forex trading on the currency market, thanks to concerns about global economic recovery. Even the recent good news out of Germany can’t help the euro in forex trading right now. Instead, forex traders are looking at a slow down in global economic recovery, and [...]
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U.K. Pound Finds Support in Forex Trading
August 18, 2010Sterling rallies in currency trading on BOE minutes Minutes released regarding the most recent Monetary Policy Committee meeting at the Bank of England have given the U.K. pound something to cheer about in forex trading. After the release of the minutes, the sterling rallied in currency trading. Even though the BOE left monetary policy where [...]
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Canadian Dollar Gains in Currency Trading
August 18, 2010Loonie in forex trading The Canadian dollar is finding its footing in currency trading on the FX market, moving higher today as BHP Billiton makes a hostile bid for Potash Corp. The loonie is a commodity currency, and that means it does well in forex trading when raw materials prices rise. The current bid for [...]
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More Reason to See Dollar Weakness in the Future
August 17, 2010U.S. dollar forex trading forecast The U.S. dollar is showing weakness today in currency trading on the FX market as risk currencies like the Australian dollar head higher. There is a degree of risk appetite today, as investors look with great favor on chances of a sustainable economic recovery — at least on a global [...]
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Aussie Heads Higher in Currency Trading
August 17, 2010Commodity currencies get boost in forex trading The Australian dollar is heading higher in currency trading on the FX market today as risk appetite makes an appearance. Commodity currencies are higher in forex trading as optimism returns to the financial market.
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Euro Slows Down in Forex Trading
August 16, 2010Currency trading on the FX market The euro was showing some signs of life earlier today, but things have changed a bit. Indeed, the latest news about the economy has slowed down the euro in forex trading, and provided some desire for the U.S. dollar. Indeed, the euro is slowing, thanks to concerns that the [...]
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Risk Aversion Increases on the FX Market
August 16, 2010Forex trading with world currencies Risk aversion is on the rise in currency trading on the FX market today. The latest news out of Japan is causing more apprehension about the global economic recovery, and that is resulting in an atmosphere of risk aversion. Also contributing to worries about risk is the latest news out [...]
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U.S. Dollar Mixed in Currency Trading
August 13, 2010Greenback in forex trading The U.S. dollar is mixed today in currency trading on the FX market. The greenback is down in forex trading against the pound, Aussie and yen, but higher against the euro. Indeed, the dollar is slipping on the fundamentals today. The greenback did slide a little against the euro earlier, just [...]
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Euro Slips Lower in Forex Trading
August 13, 2010Currency trading with EUR/USD The euro is moving lower in forex trading on the currency market today, seeing plenty of downside risk. Earlier in the session, the euro got a little bit of a boost from the GDP data out of Germany. Germany, the largest economy in the euro zone, does have a great deal [...]
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Aussie Looks to Regain 0.9000 in Currency Trading
August 12, 2010Australian dollar forex trading forecast The Aussie is lower in currency trading on the FX market today, thanks in part to a knee jerk reaction to mixed labor market data from Down Under. However, there was a brief rally after the news, before the Aussie moved lower. It appears that the Australian dollar forex trading [...]
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BoK Likely to Stand Pat on Rates
August 12, 2010The BoK is unlikely to hike rates later today, believes Kathy Lien, director of currency research at GFT. She makes her case to Graeme Maxton, chief economist at The Insight Bureau & CNBC’s Martin Soong.
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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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Profit Taking Sends Euro Lower in Forex Trading
August 11, 2010Currency trading with the euro Forex traders began profit taking with the euro in forex trading earlier today as concern about economic growth prompted risk aversion. The euro is heading lower, back toward the 1.30 mark, as forex traders begin a flight toward the U.S. dollar — even though the Fed policy statement yesterday could [...]
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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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U.K. Pound Tumbles in Currency Trading
August 10, 2010Forex trading forecst for the sterling The U.K. pound has tumbled in currency trading against the U.S. dollar, thanks to the latest retail sales out of Britain. Indeed, the latest news shows that consumers are not ready to make discretionary spending moves right now. GFT’s Boris Schlossberg explains, in FX360, what the latest retail sales [...]
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U.S. Dollar Gains Across the Board in Forex Trading
August 10, 2010Quantitative easing fears ease While there are still concerns about the possibility of quantitative easing, some of those fears have eased — at least for now. As a result, the U.S. dollar is making some gains in forex trading on the currency market. Instead of an announcement of change in policy, the Fed is likely [...]