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Euro Off Daily High in Forex Trading
January 9, 2012EUR/USD gains in currency trading No major announcements came out of today’s earlier meeting between Angela Merkel and Nicolas Sarkozy. As a result, the euro is paring some of its gains. While the euro is still higher than the US dollar in forex trading right now, the 17-nation currency is off its daily high today. [...]
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Euro Mostly Flat Against Majors Today
December 23, 2011Euro in forex trading The euro is mostly flat against other majors today, with forex traders in holiday mode. Euro is very slightly down against the US dollar, and is very slightly up against the UK pound today. For the most part, forex traders are in a sort of wait and see situation. Austria has [...]
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Markets Focus on Kim Jong Il and Europe
December 19, 2011Euro slips in forex trading Forex traders are focusing on Europe, and on the passing of Kim Jong Il today. There is some uncertainty, and a propensity for defense today in the Forex market. Forex traders are still trying to determine what the passing of Kim Jong Il, the North Korean dictator, means for the [...]
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Eurozone Wage Growth Slows, But Doesnt Stop Euro in Forex Trading
December 16, 2011Euro edges higher on FX market Eurozone wage growth may have slowed in Quarter 3, but the news hasn’t harmed the euro much today in forex trading. Indeed, the euro is edging higher as many forex traders ignore some of the data. There is a lot of ignoring going on right now as forex traders [...]
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Euro Lower as Forex Traders Consider Likelihood of Greek Solution
September 16, 2011Euro down in forex trading The euro is lower in forex trading today, heading down as forex traders consider the likelihood of a solution to the sovereign debt crisis. Once again, finance ministers in Europe are meeting together, and once again many expect to be disappointed in the outcome. So far, similar meetings have failed [...]
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Euro Heads Even Lower in Forex Trading
September 9, 2011Concerns about Greece, recession boost risk aversion Concerns about whether or not the Greek plan will go off, as well as worries about a global recession, are keeping risk appetite in check today. As a result, the euro is heading lower in forex trading, at one point dipping below the 1.38 level. For the most [...]
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Euro Lower in Forex Trading on S&P Downgrade
August 8, 2011Forex traders ignore moves by ECB to contain debt crisis After getting a bit of a boost on Friday, the euro is lower in forex trading on the currency market. The news sending the euro down is the S&P downgrade of the U.S. credit rating. For the first time, the U.S. has lost its sterling [...]
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Euro Rallies Even with George Soros Warning
June 27, 2011Euro higher in forex trading The euro is seeing some strength in forex trading on the currency market after dealing with a degree of weakness. Fears about what’s next for the euro zone have been weighing on the 17-nation currency. Worries expressed by billionaire investor George Soros regarding a possible economic collapse in Europe because [...]
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U.S. Inflation Numbers Help U.S. Dollar in Forex Trading
May 13, 2011Greenback in currency trading U.S. inflation numbers came in higher than expected, continuing the data from yesterday that shows that something is happening with the economy. Retails sales were higher yesterday.
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Interview with InnerFX: “JPY and CHF will Continue to Strengthen”
May 4, 2011Today, I bring you an interview with Liviu Flesar, an independent trader and blogger. His portal is InnerFX, which is billed as a “useful resource for traders from all over the world and a trading blog where novice traders can learn how to trade better.” Below, Mr. Flesar discusses his background and shares his thoughts [...]
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U.S. Dollar Down as Gold Prices Soar
April 25, 2011U.S. dollar falls in currency trading The U.S. dollar is lower in currency trading on the FX market today as gold prices soar. Gold prices pulled back some earlier, but they have now recovered, and are moving higher again. Concerns about what is next for the U.S. economy are having an effect on the greenback [...]
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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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Risk Appetite Gone on the Forex Market
January 25, 2011Euro, pound lower against the U.S. dollar Risk appetite is all but gone on the forex market today. Forex traders are a bit cautious as concerns about various economies comes into play. They are waiting for the latest news out of the U.S., as well as showing disappointment in European developments. The euro is down [...]
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Ben Bernanke Dovish on U.S. Economic Recovery
January 7, 2011U.S. dollar gains against euro in forex trading Ben Bernanke has once again dampened hopes of a fast economic recovery. His most recent assessment of the economy is that things are likely to continue at a sluggish rate. We’re moving in the right direction, but quite slowly. The news has added to the disappointing jobs [...]
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U.S. Dollar Drifts Lower in Forex Trading
December 28, 2010Uncertainty and thin trading keep greenback rangebound in currency trading The U.S. dollar is drifting lower in forex trading on the currency market. Greenback is moving lower as forex traders consider their next moves. Uncertainty about what recent economic data means for the data has many pausing. Reasonably good economic data has been indicating that [...]
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Sterling Looks for support in Forex Trading
December 22, 2010U.K. pound struggles in currency trading The U.K. pound is struggling in currency trading on the FX market today, looking for some sort of support against the U.S. dollar. However, it is unlikely to find the support it is looking for as forex traders continue to be wary of the situation in Britain. Indeed, it [...]
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Forex.com Broker Review
November 2, 2010Online Forex Broker Rating: 9 out of 10 stars Year Founded: 1999 Location: New York Average Spread: 1-2 pips Minimum Account Size: $250 USD Leverage: 200:1 Accepts US Clients: Yes Regulated By: CFTC, NFA Dealing Desk: Yes Broker Overview In 1999, Forex.com was founded by experienced Wall Street traders as a division of Gain Capital [...]
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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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Initial Unemployment Claims Rise
August 5, 2010U.S. dollar remains somewhat weak in currency trading Forex traders and others are looking for some direction today as uncertainty sets in. U.S. unemployment claims are on the rise again, after predictions that they would fall. Many analysts expected that initial jobless claims would drop, but this has not been the case. Instead, the unemployment [...]
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U.S. Dollar Higher on Risk Aversion
July 30, 2010Greenback gains in currency trading The U.S. dollar is higher today on risk aversion, moving up as investors look for a little safety amidst the uncertainty.