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Canadian Dollar Heads Higher with Help from Oil Prices
February 21, 2011Loonie gains in forex trading The Canadian dollar is heading higher in currency trading on the FX market today as oil prices help provide a boost. Oil prices are on the rise, thanks in large part to the unrest in the Middle East. With uprisings interrupting operations at oil fields in Libya and other countries, [...]
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The Currency Call
February 21, 2011How currencies are likely to react in light of Middle Eastern events. The market currently appears to be ambivalent, but that could change and money may begin flowing into European currencies, says Boris Schlossberg, GFT Forex.
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Sterling Higher After Positive Economic Data
February 18, 2011U.K. pound gains in forex trading The sterling is higher in currency trading on the FX market today, thanks to the latest economic data. Positive economic data, including better than expected retail sales data for January, is helping the U.K. pound in forex trading. Risk appetite is making a bit of a comeback as equities [...]
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ECB Member Comments Help Euro in Forex Trading
February 18, 2011Euro in currency trading The euro is once again higher, after a choppy overnight session. The euro is gaining in forex trading on the currency market after remarks by ECB board member Lorenzo Bini Smaghi. Smaghi’s hawkish comments about the euro zone are helping the euro after it gave up gains from yesterday. Once again, [...]
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U.S. Economic Data Mixed
February 16, 2011U.S. dollar weakens in currency trading U.S. economic data is mixed today. Industrial production dropped in January, even while manufacturing production increased. Also, construction starts improved. This news, though, isn’t doing much to provide clear evidence the U.S. is ready for economic recovery. Inflation remains low — at least core inflation (without considering food and [...]
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President Barack Obama Sends Congress a Budget
February 14, 2011U.S. dollar higher today in forex trading President Barack Obama has sent Congress a new budget for the coming fiscal year. The budget offers some insights into Obama’s plans for the future, as well as an emphasis on investment. However, it is still a $3.7 trillion monstrosity, and there are expectations that there will be [...]
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Think again about no dealing desk
February 14, 2011Take a closer look at what a dealing desk is, and how ‘
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Checking Market Pulse
February 14, 2011Boris Schlossberg, GFT Forex, and Bob Iaccino, Traderoutlook.com, share insight on the markets.
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U.K. Pound Flounders in Currency Trading
February 11, 2011Positive economic indicators can’t overcome risk aversion for the sterling Thanks to the environment of risk aversion today, the U.K. pound is floundering in currency trading. The news about the Bank of England was expected to provide some momentum on the assumption that hawkishness should be returning, but that hasn’t worked out. Instead, forex traders [...]
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Consumer Sentiment in the U.S. Heads Higher
February 11, 2011U.S. dollar gaining in forex trading Consumer sentiment is higher in the U.S. for February, according to the latest data from a preliminary survey from Thomson Reuters/University of Michigan. The news shows a high not seen for eight months. The news has been helping U.S. stocks, and the U.S. dollar is higher in forex trading [...]
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Digesting Global Unrest
February 11, 2011Boris Schlossberg, of GFT Forex, explains why the markets should be more concerned about unrest in Egypt.
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Ben Bernankes U.S. Dollar Comments Not Much Help
February 9, 2011U.S. dollar remains down against euro in forex trading Ben Bernanke’s comments to Congress today aren’t providing a lot of help for the U.S. dollar in forex trading. His praise of the greenback has helped somewhat, since the dollar has moved off session lows against the euro, but the U.S. dollar is still down in [...]
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Is the Euro Headed Back Toward 1.34?
February 7, 2011Euro forex trading forecast The euro forex trading forecast is once again looking at losses. With many forex traders still believing that the euro is overbought, it is little surprise that the 17-nation currency is slipping on the currency market. Some believe that the euro might hit 1.34. Indeed, the euro and the yen are [...]
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Canadian Dollar Touches High Not Seen for 32 Months
February 4, 2011Loonie in currency trading The Canadian dollar rallied in forex trading rather solidly earlier today after the release of employment market data. Reasonably good data out of the U.S. has helped somewhat, even though there are still some disappointments and concerns about the U.S. employment market. More helpful to the loonie in currency trading was [...]
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Employment Data Mixed
February 4, 2011Forex trading forecast for the U.S. dollar The U.S. dollar is higher in forex trading on the currency market, moving up against the euro. This development comes as employment data is mixed.
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The Monday Markets
February 2, 2011What investors should be looking at heading into trading tomorrow, with Boris Schlossberg, GFT Forex; David Riedel, Riedel Research Group; Kevin Ferry, Cronus Futures Management; and Marc Chandler, Brown Brothers Harriman.
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Violence In Egypt, Volatility Everywhere Else
February 2, 2011Discussing the impact of the Egyptian revolution on markets, commodities and currencies around the world, with Boris Schlossberg, GFT Forex; David Riedel, Riedel Research Group; Kevin Ferry, Cronus Futures Management; and Marc Chandler, Brown Brothers Har
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Currency Cross-Currents
February 2, 2011What traders make of the Egyptian uncertainty, with Bob Iaccino, Traderoutlook.com; Kevin Book, Clearview Energy Partners; and Boris Schlossberg, GFT Forex.
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Euro Outlook
February 2, 2011There is fundamental and technical support for further gains in the euro-dollar cross, says Kathy Lien, director of currency research at GFT. She tells that CNBC’s Karen Tso and Martin Soong that signs of rising inflation will give the currency a boost.
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U.K. Pound Gains in Forex Trading
February 2, 2011Sterling higher on improved economic news The U.K. pound is heading higher in forex trading on the currency market today. Better economic data continues to roll into Britain, and that is supporting the sterling in currency trading. Indeed, the U.K. pound is the only major currency maintaining its strength against the U.S. dollar on the [...]