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Risk Aversion Returns to the Forex Market
January 31, 2012Euro lower in forex trading Risk aversion is returning to the forex market today, increasing as worries about Greece and the eurozone take center stage. Last week, the euro saw some solid gains in forex trading, but this week some of those gains are being lost. A meeting of European leader in Brussels is not [...]
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Forex: EUR/USD hovers below 1.2700 as market awaits S&P’s confirmation
January 15, 2012FXstreet.com (Córdoba) – While markets await confirmation of the reported euro zone downgrades by… For more information, read our latest forex news. FXstreet.com: Latest News
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Eurozone Crisis Continues to Widen in the Global Market
December 22, 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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US Dollar Drops in Forex Trading as Labor Market Improves
December 2, 2011Greenback in currency trading The US dollar is dropping in forex trading as the labor market shows improvement. The latest payrolls data for November shows an increase of 120,000 jobs. The news represents an improvement in the situation, and many hope that the economy might finally be showing sustainable improvement. On top of that, many [...]
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Euro Plunges in Forex Trading
November 21, 2011French bond warning, other troubles, weigh on euro Euro is plunging in forex trading on the currency market, heading lower as risk aversion reigns. The latest French bond warning from Moody’s isn’t helping matters, and neither is continued talk supporting a eurozone break up in some quarters. Adding to the risk averse atmosphere is some [...]
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China Pledges to Move Currency Closer to Market Float
November 5, 2011Yuan set to appreciate over time Chinese leaders have expressed their commitment to moving the yuan (also called the renminbi) closer to becoming a free floating currency. China has said that it will adjust its currency peg a little bit in order to more closely reflect its "true" value. (Even so, some still say that [...]
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Risk Aversion Returns to Currency Market
October 12, 2011U.S. Dollar gains in forex trading Risk aversion has returned to the currency market as concerns about the fate of the eurozone bailout fund move to the surface. Additionally, there are concerns about what’s next for the global economy at large. With OPEC cutting the oil forecast, citing weak demand due to a slowing global [...]
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Euro Continues Recovery in Forex Trading
September 28, 2011Euro gets boost on currency market The euro is continuing to see a recovery in forex trading on the currency market today. Hopes for stability in the euro zone are rising, and European leaders are hastening to indicate that they believe the sovereign debt crisis will be resolved. Also helping risk appetite on the currency [...]
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Euro Continues to Show Weakness in Forex Trading
September 5, 2011Currency trading on the FX market The euro continues to show weakness in forex trading on the currency market today. Even though U.S. stock markets are closed, other financial markets are open, and the FX market continues to see trading today. Euro is weaker on the news coming out of Germany. With Angela Merkel’s party [...]
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German Ifo Cant Stop the Euro in Forex Trading
August 24, 2011Business confidence slipping in Germany Business confidence is slipping in Germany, as the Ifo decreased more than expected. However, the euro is still heading higher in forex trading on the currency market. Instead of focusing on the Ifo (and the indications that businesses are worried about banking issues and sovereign debt), forex traders are instead [...]
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Euro Volatility Continues on the Forex Market
August 17, 2011Euro heads lower after rally earlier Earlier, the euro surged higher in forex trading as news about a meeting between Angela Merkel and Nicolas Sarkozy was circulated. Their announcement that the euro zone rescue fund was big enough, and that a tax on financial transactions would be introduced in September helped spur confidence. However, the [...]
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U.K. Pound Returns to Gains
June 20, 2011Sterling in forex trading The U.K. pound is returning to gains in currency trading on the FX market. Sterling had lost ground in forex trading to the U.S. dollar earlier, but it has struggled to the positive side. However, the sterling might see more of a downside to come, thanks to concerns about what is [...]
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Emerging Market Currencies Still Look Good for the Long-Term
June 10, 2011In my previous update on emerging market currencies, I wrote that in the short-term, it’s important not to lump them all together; high-yielding currencies must be distinguished from low-yielding ones. In this post, I’m going to backpedal a bit and argue that over the medium-term and long-term, emerging market currencies as an asset class are [...]
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What the Forex Markets Tell Us about Gold & Silver
May 11, 2011All investors, regardless of stripe, must now be aware both of the bull market for gold/silver and the bear market in the US dollar. Despite all of the rhetoric, however, it seems that little is actually understood about how these two phenomena are actually connected. Ultimately, this connection (or lack thereof) has serious implications for [...]
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GFT LAUNCHES METATRADER 4 TO THE GLOBAL FOREX MARKET
April 26, 2011MT4 marks the newest addition to GFT’s award-winning trading software offerings GRAND RAPIDS, MI – GFT, a worldwide leader in online currency trading, announced today that it has added MetaTrader 4 (MT4), an online automated trading application, to its suite of award-winning DealBook® trading software offerings. GFT customers have always enjoyed the benefits of the [...]
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Sterling Retreats in Forex Trading
April 11, 2011U.K. pound, along with other high beta currencies, lower on FX market The sterling is retreating in forex trading on the currency market as risk appetite takes a break, and as concerns about the U.S. economic situation become more apparent. At the end of last week, many currencies were gaining against the U.S. dollar. The [...]
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U.S. Dollar Reaches New Three Year Low Against Canadian Dollar
April 1, 2011Loonie gains in forex trading The U.S. dollar has reached a low not seen for three years against the Canadian dollar. The loonie is gaining in forex trading on the currency market against the greenback, thanks to a better economic outlook and increased commodity prices. As a commodity currency, the Canadian dollar receives some help [...]
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Can the Aussie Maintain Its Rally on the FX Market?
March 30, 2011Forex trading forecast for the Australian dollar One of the big questions that many have about the forex trading forecast for the Australian dollar is whether or not the Aussie can keep up its current pace. Indeed, the Aussie is rallying strongly on the FX market as forex traders look for high yields, and as [...]
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Euro Weakens on the FX Market with Portgual in Focus
March 24, 2011Currency trading with the euro The euro is weakening on the FX market today as Portugal comes sharply into focus. Concerns about sovereign debt in Portugal have been intensified by worries that the parliament will reject the latest austerity proposals. Indeed, the euro is down in forex trading against the U.S. dollar, largely because of [...]
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U.S. Dollar Hammered as Gold Prices Look for a New Record
March 2, 2011U.S. dollar in forex trading The U.S. dollar is being hammered today in forex trading on the currency market today as gold prices reach for a new nominal high. Silver prices are also heading for a nominal record. Greenback is down in currency trading against all major currencies. The euro, yen and pound are all [...]