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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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Forex: EUR/USD plummeting to 1.2750 level
January 11, 2012FXstreet.com (Barcelona) – With indicators pointing to overbought conditions in the short-term… For more information, read our latest forex news. FXstreet.com: Latest News
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Forex: EUR/USD closes the week at its lowest level since Sep 2010
January 7, 2012FXstreet.com (Córdoba) – The recovery of the Euro seen at the beginning of the year was short-lived… For more information, read our latest forex news. FXstreet.com: Latest News
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Euro Slips Back Below the 1.30 Level
January 5, 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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Consumer Comfort Level Rises in the U.S.
June 3, 2011Lower oil prices don’t help U.S. dollar today The consumer comfort level in the U.S. rose for the second week in a row, but that isn’t helping the U.S. dollar in forex trading on the currency market. With gasoline prices falling in response to oil prices that have been below $ 100 a barrel for [...]
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MOODYS WARNS OF POSSIBLE DOWNGRADE OF UK BANKS
May 24, 2011Monday was all about the re-pricing of risk. That’
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Chinese Yuan Continues to Tick Up
January 18, 2011At the very end of 2010, the Chinese Yuan managed to cross the important psychological level of 6.60 USD/CNY, reaching the highest level since 1993. Moreover, analysts are unanimous in their expectation that the Chinese Yuan will continue rising in 2011, disagreeing only on the extent. Since the Yuan’s value is controlled tightly by Chinese [...]
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USD DOLLAR PRICE ACTION EXPECTED TO REMAIN NEGATIVE AS WE APPROACH THE US OPENING
August 4, 2010Sterling got a lift from this morning’
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US DOLLAR SELLERS SHOULD LOOK TO COVER POSITIONS
August 3, 2010The current price movement remains constructive for the pound with cable breaking the 1.5637 level – the 50% Fibonacci of the Aug’09 ‘
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Euro Forex Trading Forecast
July 20, 2010How soon can euro hold on to $1.30? The euro is looking to find support at the 1.30 level, but first it has to hold on to that level. Earlier today, the euro did break through the psychologically important mark, but it has since fallen back below 1.30 as economic worries set in. Indeed, risk [...]
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Forex: EUR/CHF finds support at 1.3400
July 14, 2010FXstreet.com (Barcelona) – Reaching its highest level since June 28 in the early hours of trading today, the EUR/CHF has since pared daily gains yet still finds firm support above 1.3400. Currently the pair treads lightly around that critical level, trading at 1.3407 at time of writing which is 0.12% lower from the opening price. [...]
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Oil prices below $77 per barrel
July 14, 2010Even though the Euro and Pound have been strong against the dollar this week, oil prices have fallen below the $77 level in Wednesday morning electronic trading on the New York Mercantile Exchange. One barrel of benchmark crude oil for August delivery is currently at $76.77, a 38 cent drop from Tuesday’
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EUR/CHF consolidating at 1.4280 after SNB intervention
May 19, 2010FXstreet.com (Barcelona) – The Euro was boosted sharply to 1.4300 level on Wednesday, after the SNB injected a huge capital stimulus into the market. The pair had been previously trading in stagnation phase through strong support at 1.4000 zone. Wednesday’s rise pared most of the losses the single currency suffered last May 6, when the [...]
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British Pound: 5 Reasons Why the Pound is Being Pounded
March 1, 2010With mixed to slightly better than expected U.K. economic data, traders may be scratching their heads about why the British pound has collapsed more than 300 pips this morning. Here are a couple of reasonsBritish Pound: 5 Reasons Why the Pound is Being Pounded – Kathy Lien 1. Britain’s Prudential announced plans to buy AIG’s [...]