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US Downgrade Inevitable Say PIMCO

19/10/2012 10:55

  • Not If, But When Say PIMCO
  • Fiscal Cliff Weighs Heavy
  • Downgrade Threats Widespread

The world’s largest bond fund has raised the alarm about what it sees as an inevitable US credit rating downgrade. The head of global portfolio management at Pacific Investment Management Co. ( »

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Summit Of Nothing

19/10/2012 10:39

  • Euro Shrugs Its Shoulders
  • Banking Union Chugs Ahead
  • Euro/Dollar Heading Towards 1.3400 Sends Out Buying Signals

Overnight, EU leaders meeting in Brussels joined ranks over the legal framework for the euro zone banking regulator to be put in place by the end of the year. The aspiration is for such a scheme to be »

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Chinese Data Not So Gloomy

18/10/2012 12:31

  • Q3 Chinese GDP Falls To 7.4 Percent
  • Economists Highlight Underlying Recovery
  • Global Sentiment On The Up

China’s latest round of GDP stats showed that the world’s second-largest economy remains sluggish. But before investors start preparing stocks of cyanide ahead of the global economy grindi »

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Strongly Bearish Euro/Dollar Ahead Of Summit

18/10/2012 10:53

  • Euro/Dollar To Test 1.3170?
  • USD/JPY To Go Higher Still?
  • Beware Harry Hindsight!

Today’s early session saw the European single currency trading quietly above the 1.3100 level against the USD after yesterday’s stellar break above its one-month range. Forex traders will »

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Summary Of Market Movements

18/10/2012 10:15

Who doesn’t love a break-out trade? Especially with a bit of risk-on. When the market gives us clear signals, traders breathe a sigh of relief, which is why I am flagging up dollar/yen. Currentl »

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Inside Scoop: Brussels Spouts and the Need For Speed!

18/10/2012 10:09

Putting aside the US Presidential race, defined thus far by the current incumbent’s tactic that he wasn’t Mitt Romney giving way to the latter’s assertion that he isn’t Barack »

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Trade Of The Week: Sun shines on the Sol!

18/10/2012 09:15

A short position in the dollar/Peruvian nuevo sol is this week's trade of the week. The Peruvian sol has taken chunks out of the dollar, as economic growth rises to its strongest pace in 5 months and »

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Movers and Shakers: Trading The Social Way

18/10/2012 09:14

Social networking used to be thought of pretty much solely in terms of the pastime for students and computer nerds.  Not anymore. Retail traders and brokers alike have steadily caught o »

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Editor’s Morning Forex Review: Another Month, Another Summit

18/10/2012 09:00

  • EU Leaders Get Ready To Gather
  • For Grexit, Read Spexit!
  • Euro Enjoys A Rajoy Rally

As 2012 started, so it continues. Forex traders, weary of the endless waffle about Greece and the ever-ever-ever-impending Grexit have been longing these last 10 months for some respite from all the h »

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Risk-on Returns As Euro Summit Awaited

17/10/2012 12:35

  • Markets Rally
  • UK Jobless Data Springs Welcome Surprise
  • Sterling Bounces On MPC Minutes

Forex traders have been perked up this morning with the re-emergence of markets rallying on the risk-on sentiment that began yesterday with almost all major indices closing the day on a high. Stronge »

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Editor’s Morning Forex Review: Scotch Missed!

17/10/2012 08:32

  • Home From The Hills
  • Pumping Up The Pound
  • Golden Momentum

So, back at my desk after ten days’ holidaying in the Scottish Highlands, what’s changed? Well, asking around a few forex trader pals, it seems I needn’t have worried. Thanks to the »

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Debt Yields Dive As Euro Exit Fear Fades

16/10/2012 10:54

  • Yields Hit Lowest Level Since August 2011
  • Investors Optimistic Over Euro Zone Future
  • Bailout Limbo Driving Prices - Credit Agricole

Bond yields in euro zone countries have been falling as a euro zone collapse seems more and more unlikely. Bond prices, which move conversely to yields, have been rising as the risk of nations exitin »

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Morning Forex Review: EU And US Tussle For Headlines

16/10/2012 09:24

  • EU Summit Weighs
  • US Corporate Earnings Eyed
  • Currencies Round-Up

Today’s final featured guest post for our Morning Forex Review comes courtesy of Craig Erlam, market analyst at Alpari UK. Somewhat unsurprisingly focus is thrust upon the upcoming EU summit th »

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New Mobile Trading App Launched For Kindle Fire

15/10/2012 14:33

GFT Markets, a global retail derivatives provider, is set to launch its award winning DealBook trading platform as an app for the new Kindle Fire. The DealBook trading platform will be available to d »

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Further Economic Reforms In India

15/10/2012 13:37

  • Inflation Rising
  • India Economy "Unusually Uncertain"
  • Growth Slowing

India's finance officials want lower interest rates in order to improve economic growth as the government announces its intentions to overhaul previous economic policies.  Finance Mini »

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Crude Takes Losses As China Outlook Quietens

15/10/2012 11:27

  • November Crude Down 0.3 Percent
  • Exports Up; Inflation Hits Forecasts
  • Aussie Reacts

After clocking up a week of gains thanks to spiralling Middle East supply concerns, crude oil futures dropped during morning European trade. The decline was prompted by renewed scepticism over the he »

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Morning Forex Review: Data Vs. Political Developments

15/10/2012 09:34

  • US Consumer Sentiment Rises
  • A Heavy Week For US Data
  • USD Up On The Day; Technical Picture Bearish – FOREX.COM

Mitul Kotecha, Head of Foreign Exchange Strategy at Crédit Agricole, considers the impact of a ‘surprise rise’ in the US University of Michigan sentiment survey Friday as »

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US Consumer Sentiment Smashes Forecasts

12/10/2012 16:31

  • Survey Posts Increase To 83.1 From 78.3
  • Economists Forecast Sub 78 Reading
  • US Producer Prices Rose In September

US consumer sentiment has reached the highest levels in five years, data showed Friday. On an otherwise quiet afternoon focus has been thrust upon the University of Michigan-Thomson Reuters’ co »

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Sol Retraces Gains On Unchanged Rates

12/10/2012 12:27

  • Inflation Still Above Target Range
  • Stimulus Needed
  • Rates Unmoved

The Peruvian sol has retraced earlier gains against the dollar today after the South American's central bank announced it was keeping borrowing costs unchanged for a 17th consecutive month. The Banco »

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“Missing” US Jobless Claims Data?

12/10/2012 11:06

  • Jobless Claims Data Due For Revision?
  • Analysts Seek Corroborating Data
  • USD Weakens On Buoyed Risk Sentiment

Economists and market watchers alike were somewhat stunned by the recent US jobless claims coming in 30k under expectation. But all may not be quite as it seems according to reports from Dow Jones. F »

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Morning Forex Review: Q3 Contraction, But No Move From Singapore

12/10/2012 09:49

  • Economy Contracts 1.5 Percent Q-o-Q
  • Figure Beats Analyst Expectations
  • Risk Sentiment Buoyed By Euro Promise

This morning’s selected morning forex review comes courtesy of Andrew Robinson, market analyst for Saxo Capital Markets Pte Ltd. Data released overnight showed that Singapore’s economy co »

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Oil Gains On Jobs Data; Middle East Concerns

11/10/2012 17:15

  • November Crude Up 1 Percent
  • First-Time Jobless Claims Down 30k
  • Syria-Turkey Tension Provides Solid Support

Oil advanced Thursday, spurred on by the news that the fewest number of Americans in four years had filed first-time applications for unemployment benefits and concern over tensions in the Middle East »

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Savvy Students Study Abroad

11/10/2012 15:29

  • Higher Fees Causing Drop in British Applicants
  • Exchange Rate Savvy Gives Students Leg Up
  • US Fees 'Astronomical', Dutch 'Great Value'

The tuition fees hike - one of the most controversial issues surrounding the coalition government and the biggest thorn in Nick Clegg’s backside - is forcing more and more young people to study »

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Moody’s To Hit Spain With Further Ratings Blow? – OANDA FX

11/10/2012 13:02

  • Spain Downgraded To BBB- By S&P
  • Chief OANDA Analyst Considers Moody’s Downgrade
  • Tech Positions Still ‘Favour Longs’

Spain’s S&P downgrade has been stealing headlines throughout an otherwise quiet trading day; the move having ramped up pressure on Spain’s PM Mariano Rajoy to accept a bailout package from »

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ZAR/USD: Rand Rises As Unrest Subsides

11/10/2012 11:56

  • Rand Nudges Higher Against The Dollar
  • Strike Worries On The Wane
  • ZAR/USDUp 0.61 Percent To 0.1146

The South African rand has advanced for a third consecutive day against the dollar as labour protests ease and demand for government bonds rises as a result.  Unrest in South Africa's mining ind »

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Saxo Steps Into Latin America

11/10/2012 11:43

  • Trading Giant Opens Uruguay Office
  • Operations Now Span 23 Nations
  • Emerging Market Promise

Forex trading giant Saxo Bank has announced plans to extend its already sizeable global footprint into Latin America. The online trading and investment specialist has acquired NYN Securities, Agente »

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Morning Forex Review: More Pain For Spain

11/10/2012 09:54

  • Euro Tumbles On Spanish Downgrade
  • Beige Book Concerns US Market Watchers
  • 'Still A Bullish Case For Gold' - Currencies Direct

As if there couldn’t possibly be room for any more pain in the Spanish saga, in steps ratings agency S&P to deliver a damning downgrade. Spain now carries the burden of a BBB-minus on its alrea »

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Interview: Q4 Trading Outlook With Alistair Cotton, Currencies Direct

11/10/2012 09:17

We ventured out of ForexSpace HQ earlier this week to grill Alistair Cotton, market strategist at Currencies Direct, for his views on everything from the greenback to gold. Keep reading for Alistair's »

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Singapore To Introduce Inflation-Linked Bonds?

10/10/2012 16:28

  •  Singapore: Millionaires playground 
  • Cars More Expensive Than US Homes
  • Inflation Rising 

The Singapore government is considering issuing bonds that protect from rising inflation following the news that a public-housing apartment has reached a record $1 million Singapore dollars (US$813,00 »

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Dollar Still In The Driving Seat; Analyst Says

10/10/2012 10:43

  • Dollar Advances Against Major Peers
  • Sterling Hit By Slashed Forecasts; Downbeat Data
  • GBP Breaks Key Psych. Level Of 1.6000

The dollar remained ‘in the driving seat’ Wednesday morning as markets digested the International Monetary Fund’s (IMF) downbeat global growth forecasts. Proving its enduring safe h »

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EUR/USD: Respite For Euro

10/10/2012 10:39

EUR/USD: Respite for euro ForexSpace.com (LONDON) - The euro has regained some losses against the dollar this morning following positive French and Italian industrial figures. »

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Japan v South Korea: Island Dispute 2

09/10/2012 16:18

  • $57 Billion Expansion To Expire
  • Islands Dispute Threatens Trade
  • Yen And Won Up

Japan and South Korea plan to let a $57 billion currency-swap expansion agreement expire at the end of the month, following tensions between the two nations over sovereignty of disputed isla »

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Aussie Advances Off Three-Month Low

09/10/2012 11:31

  • Chinese Markets Reopen
  • Commodities Rise
  • AUD/USD Sideways

The Australian dollar has rallied off a three-month low following comments from European finance ministers that the region's aid fund was operational and rising commodity prices have increased demand »

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Osborne’s Ideas Will Solve Nothing; Analysts Say

09/10/2012 10:36

  • Chancellor’s Speech Fails To Inspire Confidence
  • IMF Downgrades UK Outlook
  • Unions Up In Arms Over Shares Plan

Yesterday’s Conservative Party Conference – and George Osborne’s speech in particular – has provoked anger from some of the nation’s leading financial minds. Not to menti »

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Morning Forex Review: IMF Slashes Global Growth Forecasts

09/10/2012 09:15

  • Growth At 3.3 Percent For 2012
  • Policymakers Under Pressure
  • Emerging Market Promise

European markets woke up this morning to find that the International Monetary Fund (IMF) had joined the World Bank in slashing global growth forecasts. In a report published overnight, the organizati »

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Emerging Markets: Chavez Wins Fourth Term; Bonds Fall

08/10/2012 15:57

  • Chavez Wins Convincingly
  • Oil Down
  • Inflation Up

Hugo Chavez has been elected for a fourth term as President of Venezuela. In what was tipped to be the most hotly contested election since Chavez took power in February 1999, Chavez held off the chal »

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George Osborne: "We Shall Overcome"

08/10/2012 14:46

  • UK Facing Serious Challenges
  • Businesses To Get A Boost?
  • UK Shale To Open Up

George Osborne painted a gloomy picture of the UK economy Monday, as he made promises about what the Tory-led would do to deliver growth if re-elected. Reiterating the idea that “we’re al »

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O'Donnell Pulls Out As BOE Gov Race Hots Up

08/10/2012 11:20

  • Tucker In Pole
  • Stevens Rejected
  • "Superhuman" Needed

As the candidates enter the final straight of the race to become the next governor of the Bank of England, a dramatic last minute twist has seen front runner Lord Gus O'Donnell standing by the sidelin »

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World Bank Slashes East Asia And Pacific Forecasts

08/10/2012 10:52

  • Chinese 2012 GDP Cut To 7.7 Percent
  • World Stocks Open Lower
  • Euro Zone, US Issues Weigh Heavy

The World Bank cut its economic growth forecasts for the East Asia and Pacific region Monday, citing Chinese slowdown fears as the main cause of concern. "Unlike the rest of the region, China is expe »

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Morning Forex Review: Eurogroup Tightens Euro Grip

08/10/2012 09:25

Our editor Drew Hillier is away. This week’s special series of Morning Forex Reviews will feature the opinions of one or more of our regular contributors.   Traders ended last week with a »

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Non-Farms, No Surprise

05/10/2012 14:37

  • NFPs Broadly As Expected
  • Oil Steadies
  • EUR/USD Breaks Above 1.3030

US non-farm payroll figures for September came in right on line with estimates at 114K, but the unemployment rate tumbled to 7.8 percent from 8.1 percent last month. The Labor Department said joblessn »

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Rand Closes At Three And A Half Year Low As Strikes Spread

05/10/2012 11:54

The South African rand has deteriorated for a third straight day, and is threatening to reach its lowest level in three and a half years as mining and transport strikes sweep the nation. Th »

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Spain Plays Cat And Mouse With The Markets

05/10/2012 11:43

  • Bond Yields Approach 6 Percent
  • A Game Of Cat And Mouse
  • Euro Keeps Its Head

As markets recover from yesterday’s central bank bonanza, with both the Bank of England and European Central Bank ultimately delivering no great surprises, all eyes are now settling on Spain for »

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Risk Shifts To The Non-Farms

05/10/2012 11:32

  • Mario WHO?
  • US Jobless Expected To Go Sideways
  • Dollar/Yen Still A Good Long Trade

Having moved off of support at 78.27, USD/JPY has steadily climbed throughout the European session carried by an air of positive risk sentiment to trade at 78.48. Draghi is already history as forex tr »

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Editor’s Morning Forex Review: Draghi Plays It Cool

05/10/2012 08:41

  • ECB Springs No Surprises
  • Euro Stages A Mini-Rally
  • Madrid Back In The Crosshairs

Contrary to the immediate reaction of those who’d been ingesting intravenous Red Bull since breakfast in readiness for yesterday’s ECB press conference, come lunchtime, Mario Draghi gave l »

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Another Day Another Draghi

04/10/2012 16:05

  • BoE Doesn’t Frighten The Horses
  • Draghi: The Euro Isn’t Reversible
  • Euro Ticks Higher v USD

As was broadly expected, and certainly coming as no surprise to forex traders, the Bank of England (BoE) has maintained its interest rate at 0.5 percent. As Howard Archer, an economist at IHS Global I »

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USD/CAD: Loonie Bullish After ECB Rate Decision

04/10/2012 15:54

ForexSpace.com (LONDON) - The Canadian dollar has advanced off a one-month low against its American cousin as the ECB keeps interest rates unchanged and demand for riskier assets rose. Data released »

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This Week's Summary Of Market Movements

04/10/2012 15:23

We’ve seen something of a risk-on resurgence as the euro rallied. Yet, as the USD and yen stumbled, the one notable exception was the Aussie, which remains close to the lows both of the day and »

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Putting the Lie to Libor

04/10/2012 15:20

The onset of October and a new financial quarter heralded a ground-breaking report in the UK. Even by the standards of the shenanigans seen in the world of banking over the past few years, it would be »

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Movers And Shakers: Mariano Rajoy

04/10/2012 14:43

Mariano Rajoy rarely spends a day out of the headlines in these turbulent times. Burdened with a bailout decision which could either stand to deepen his own nation’s austerity woes or risk knock »

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Polish Central Bank Ready To Lower Rates

04/10/2012 14:15

  • Rate Kept At 4.75 Percent
  • Inflation Remains High
  • Euro Zone Woes Weigh Heavy

 

The Polish central bank, Narodowy Bank Polski, has indicated that it may cut borrowing costs in November if the economy slows further. The central bank yesterday kept the benchmark sev »

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No Surprises: BoE Keeps Rate On Hold

04/10/2012 12:35

  • BoE Holds Interest Rates At 0.5 Percent
  • QE Left Untouched Until November
  • GBP Steady

The Bank of England has acted in line with analyst expectations, holding its key lending rate at 0.5 percent and leaving its QE program unchanged. The rate has now remained at the all-time low for 44 »

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Editor’s Morning Forex Review: Bring On A Brace Of Central Banks.

04/10/2012 09:03

  • More Monetary Easing?
  • Germany’s Loss Of Oumph
  • Draghi’s Still The Main Man

The Bank of England and the European Central Bank are both in the frame today. Forex traders I’m speaking to reckon there’s a pretty strong case to be made that the economic conditions and »

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Iranian Currency Value Steeply Depreciates

03/10/2012 15:36

  • Rial Declining Sharply
  • Protests In Tehran
  • Further Sanctions Possible

Over the past week the Iranian rial has lost 25 percent of its value and is now worth only a quarter of what it was 18 months ago. There is widespread concern amongst the Iranian population, who feel »

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Aussie Declines Further As Trade Deficit Widens

03/10/2012 14:39

  • Budget Deficit Over $2 Billion
  • RBA May Cut Rates Again
  • China Situation Not Helping

The Australian dollar has continued its decline against most of its major currency peers this morning as the nation’s trade  deficit gap widened to its lowest level since 2008. T »

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UK Construction PMI Paints A Gloomy Picture

02/10/2012 10:48

  • Construction PMI Below Expectation At 49.5
  • Government Initiatives Fail To Make A Dent                    
  • Q3 Performance Under Microscope

Hot on the heels of a downbeat manufacturing purchasing manager’s index (PMI) which left the strength of the UK economy in question, comes a construction survey bearing similar worrying tones. »

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Editor’s Morning Forex Review: Markets Hunt For Good News

02/10/2012 09:00

  • Not TOO Stressed
  • Euro Bounces Against The Greenback
  • Gold Rallies On Weak Growth Outlook

Yesterday’s European session went to bed having seen the currency bloc’s stocks advance the most in two weeks on the back the stress test of Spain’s banking system turning out better »

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Editor’s Morning Forex Review: A New week - A New Quarter

01/10/2012 08:43

  • If It Looks Like A Lame Duck…
  • Beers To The Forefront
  • US Economic Continues To Surprise To The Downside

Forex traders have seen the backtracking of bullishness in the surge for US equities, combined with a steep dive for the greenback following the Fed's QE3 announcement a few weeks ago. While last Frid »

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Barclays Joins Forces With FXCM

27/09/2012 15:07

  • Barclays & FXCM To Launch ‘Barclays Margin FX’
  • Currency Trading Platform Offers Access To 50 + Pairs
  • Award-Winning Charts And Research At Your Fingertips

Retail trading giants FXCM and the UK’s largest execution-only retail broker, Barclays Stockbrokers, today announced that they would be joining forces to bring traders a new and improved currenc »

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Leu Trades Flat After Unchanged Rates

27/09/2012 15:03

  • Rates Kept At 5.25 Percent
  • IMF Predicts Poor GDP Growth
  • PM Under Pressure

The Romanian leu has been trading sideways against the dollar following the decision of its central bank, the Banca Nationala a Romaniei, to leave interest rates unchanged. The rat »

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Aussie Rebounds On Eastern Promise

27/09/2012 11:11

  • Aussie Up To 1.0419 From 1.0329
  • China Supports Export Optimism
  • Markets Unnerved By European Discontent

Forex traders with their eye out for Aussie strength will be relieved to see that the currency rebounded from a two-week low against the dollar overnight. The AUD dropped to a low of 1.0329 agai »

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Editor’s Morning Forex Review: Easy Listening: Bring It On!

27/09/2012 09:22

  • Handy Andy
  • Burning Rubber
  • Rajoy Gets Flushed Out 

Andy Williams died yesterday. I met him once - about twenty years ago when he was still the poster boy for cable knit and I was but a lowly script editor at the BBC; he was quite possibly the coolest »

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Peering Over The Fiscal Cliff: Roundtable HIghlights

26/09/2012 15:43

This week' s first ForexSpace.com Roundtable had experts from FXCM, eToro, Forex.com, Alpari UK and FxPro immersed in the issue of the US fiscal cliff for a fascinating hour of intense debate. Check o »

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South African Striking Escalates

26/09/2012 15:05

  • AngloGold Shuts Mines
  • 46 People Dead Over Strikes
  • Unrest Spreads to Transport Sector

A global gold producer has halted production in its South African mines as labour disputes continue. AngloGold Ashanti Ltd, the world's third largest gold producer, have closed all of their Sout »

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Risk Aversion Gives A XXX For The Aussie

26/09/2012 11:20

Aussie Falls To Two-Week Low AUD Overvalued? Global Slowdown Weighs On Aussie As trouble continues to brew in Europe, traders have been exiting their risky assets, resulting in pressure on high y »

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Editor’s Morning Forex Review: Markets Waiting For A Signal

26/09/2012 08:54

  • Euro Makes A Stand
  • EUR/JPY Sniffs New Lows
  • CLP Jumps 1.2 percent Versus The USD

Sometimes, as any savvy forex trader will affirm, all we’re talking about by way of the difference between good and bad is perception. Yesterday, at long last, we saw the single currency stand u »

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Commodities Hit The Rocks On Growth Concerns

25/09/2012 10:35

  • German Business Confidence Down For Fifth Month
  • Gold Retreats From 7-Month High
  • Outlook Unclear

The best efforts of central banks across the globe have done little to affect the mood of investors, whose lingering concerns over global growth caused a drop in commodity prices late Monday. The fre »

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Editor’s Morning Forex Review: Eyes Down For A Technical Week Ahead

25/09/2012 08:49

  • German Ifo Disappoints
  • Euro Still Under Pressure
  • Sterling, So-So!

We heard yesterday how German business confidence hit its lowest level since February 2010. As forex traders continue to witness the euro zone crisis increasingly batter its economy, figures show that »

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Brazil Swap Rates Decline Amid Global Crisis

24/09/2012 16:25

  • Swap Rates Decline
  • Consumer Spending Up
  • Inflation Set To Rise

Brazilian swap rates have declined for a third consecutive day as global economic concerns overshadowed a central bank survey showing raised end-of-year interest rates, (the first time this will have »

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Tension Builds As Chinese Boats Enter Fray

24/09/2012 13:38

  • Chinese Boats Enter Disputed Waters
  • South Korea Tourism Rises
  • Yen Up, Yuan Down 

Three Chinese boats have entered disputed waters as the standoff between China and Japan intensifies.  The waters surround eight islands in the East China Sea and are close to strategic »

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Editor’s Morning Forex Review: Shine On Harvest Moon

23/09/2012 19:41

  • Yen Tops The Cornucopia
  • Cable Continues Its Squeeze
  • USD Set To Trade Higher Vs CAD

The weekend just gone marked the festival of harvest. Thus, the age-old intonation “all is safely gathered in” rang out across the land; let’s hope forex traders among us managed to »

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Belize Gets Breathing Space On Overdue Bond Payments

21/09/2012 16:09

  • Partial Interest Paid
  • Negotiations over ‘superbond’ continue
  • US Dollar Down Over 5 Percent On Belize Counterpart

Belize have won a 60 day reprieve from bondholders after paying off a portion of the $23 million owed in debt interest. The partial payment, totaling $11.7 million has given the Caribbean nation, whi »

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South Korean Growth Down Amid Falling Exports

21/09/2012 12:20

  • IMF Report Revises Growth
  • Stimulus Needed
  • Won Sideways Against The Dollar

South Korea's growth forecast has been trimmed by the International Monetary Fund (IMF) amid intensifying euro zone concerns. Although the Fund also said the South Korean economy would rebound in 2013 »

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Editor’s Morning Forex Review:That Was The Weak That Was!

21/09/2012 09:26

  • China Brings Us Back To earth
  • Greece Nearing A Breakthrough?
  • The Ties That Bind

After the recent purple patch in which markets have been enjoying something of an artificial uplift, yesterday’s Chinese manufacturing data print brought everyone back down to earth with a bump. »

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Saxo Bank opens Warsaw office.

20/09/2012 16:33

Saxo Bank, the online and trading specialist, has opened a new office in the Polish capital, Warsaw. The decision, announced today, will provide Polish investors with access to interna »

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Olympics Causes Fall In Retail Sales

20/09/2012 15:27

  • Sales Fall 0.2 Percent
  • Sporting Goods Sales Rise
  • More Time Needed

Olympics fever has been credited with the 0.2 percent drop in retail sales announced today. The Office for National Statistics (ONS) released the retail figures which showed online sales dropped »

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Chinese Data Disappoints; Concern Rises

20/09/2012 10:52

  • Chinese PMI Remains In Contraction
  • Risk Sentiment Wanes
  • Easing Questions Linger

Disappointing manufacturing data from China has reignited fears over the health of the BRIC nation’s economy. The results of a flash Purchasing Manager's Index (PMI) survey released early this m »

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Editor’s Morning Forex Review: The Great Fiscal Cliff Hanger

20/09/2012 09:18

  • All Central Banked-Out!
  • The Old Lady Flashes Her Ankle
  • The Precipice Approaches

Oh dear, it looks like forex traders and the rest of us have a touch of central bank fatigue already. After the ECB a fortnight ago, the Fed last week, and this week’s Bank of Japan, the Old Lad »

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Fiscal Cliff… Hope For The Best – Prepare For The Worst

19/09/2012 16:27

As the world wakes up to the reality of the US’ impending fiscal cliff, ForexSpace.com will be taking time to consider the issues with some of the forex industry’s leading experts. The i »

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Trading Lull Stunts Markets In August

19/09/2012 15:24

  • FX Trading Volumes Hit New Low In August
  • Central Bank Decisions Weigh Heavy On Traders
  • Things Loooking Up For September

Figures released today show a huge decline in FX trade across the markets for the month of August. Although notably the quietest period of the year for traders due to the holiday period, like on like »

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WANTED: New Boss For The BoE

19/09/2012 12:41

There's nothing like the grand reveal of potentially market-moving meeting minutes for showcasing a job vacancy. Particularly not when the position to be filled is for ‘the most powerful unelect »

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Suicide In India As Inflation Hits Double Digits

19/09/2012 12:15

  • 21-Year-Old Cites Inflation In Suicide Note
  • No Change In Interest Rates
  • Rupee Falls Against Dollar

A 21-year-old paint factory worker in India committed suicide on Monday citing inflation as the reason. Inflation in India has broken the double digit mark, rising to 10.03 percent with soaring »

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Chief Financial Officer of Goldman Announces Retirement

19/09/2012 11:49

  • CFO Retires After 32 Years
  • Goldman Sachs Chairman Heaps On Praise
  • Harvey Schwartz Announced As Replacement

David Viniar, Chief Financial Officer (CFO) of Goldman Sachs has announced his retirement after 32 years with the institution. Having held the post for 12 years, Viniar (pictured) is the longest serv »

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Bristol Keeps It Local With New Currency

19/09/2012 11:20

  • Bristol Pound Hits The High Street
  • New Currency Keeps Up With The Times
  • Hopes Are High - £6m Turnover In Sight

Residents of the United Kingdom may well have been breathing a sigh of relief over the past few weeks, grateful for having escaped the perils of the euro zone and its cursed currency. But the local au »

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The Impact Of Quantitative Easing On Gold Prices

19/09/2012 11:08

The dwindling confidence in the US dollar, will be amplified by a new round of quantitative easing which should trigger a new increase in gold prices. John Greener, editor of TradeBinaryOptions.org, s »

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Editor’s Morning Forex Review: Turning Japanese

19/09/2012 08:45

  • Another Week - Another Central Bank To The Fore
  • BoJ: Pushing On A String
  • JPY Currency Intervention Soon?

For many forex traders, not to mention all of us at ForexSpace.com, Mario Draghi’s euro-saving big bazooka press conference already feels like it happened an eternity ago. Similarly, even Ben Be »

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Getting Bullish On Bullion

18/09/2012 16:55

  • Gold Hovers Just Above $1770
  • Minor Retracements ‘No Big Deal’ Say Traders
  • Bank Of America Ups 2014 Forecast

On a turbulent day for commodities traders, with the fallout from yesterday’s shock oil price plunge continuing to cause confusion and concern, gold continues to shine as a beacon of stability. »

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Begging For It!

18/09/2012 15:23

  • Euro Weakens
  • Have The Emperor’s New Clothes Already Burst Asunder?
  • Tailored To A Bail-Out

Forex traders saw the euro fall today as it gave way to profit taking after the previous day’s rally when it climbed to a four-month high against both the dollar and yen. One reason seems to be »

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Trouble brewing in Asia?

18/09/2012 14:16

  • Anniversary of Manchuria 
  • Tensions rise over islands
  • Yen falls

Today marks the 81st anniversary of the infamous Manchurian incident, where a staged bomb plot by Japanese military forces, provided them with an excuse to invade the Northern area of China, »

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UK CPI & RPI: Spikes Vs Blips

18/09/2012 12:24

  • Figures Surprise
  • Still No Cause For Complacency
  • Cable tests The Trend Line

Data from the UK this morning has provided the market with a slight surprise. Consumer Price Inflation rose last month. According to official data from the National Statistics Office (ONS), the season »

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A Slippery Situation?

18/09/2012 10:13

  • Oil Prices Plunge $4
  • Traders And Analysts Scratch Their Heads
  • CFTC To Investigate

After trudging through an extraordinarily quiet Monday – unless you were holed up in the centre of Madrid, of course – forex traders have nonetheless been left scratching their heads over »

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Editor’s Morning Forex Review: Merkel’s Cri De Coeur

18/09/2012 09:02

  • Civil Unrest On The Up
  • Realism Returns To The Markets
  • Hankies At The Ready

The People Of Southern Europe Are Revolting! Before the likes of the UK Independence Party’s eurosceptic leader, Nigel Farage, get too excited, savvy forex traders will have already guessed I am »

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A Typical Euro Morning?

17/09/2012 15:04

  • Merkel The Markets
  • Eurodollar stuck at $1.31
  • Euro-Area Growth Gets Squeezed

A bit of a twiddling thumbs sort of morning this morning for forex traders. Still, it could’ve been worse; just imagine being at Angela Merkel’s press conference which recently finished. & »

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CAD Longs Hit Record High

17/09/2012 12:41

  • CAD Dips On Weaker Manufacturing Data
  • Outlook Remains Bright
  • 1000 Pips Upside Potential In EUR/CAD – Saxo Bank

After hitting a four-month high against the dollar Friday, as investors reacted to the news that the US Federal Reserve would be injecting a new round of easing measures into the stagnating US economy »

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Sterling Stands Strong In QE Glow

17/09/2012 10:56

  • Pound Hovers Near Four-Month High
  • Dollar Continues To Weaken
  • UK Data Underlines Gains

Sterling has continued to show promise against the dollar Monday morning, standing firm near a four-month high as the glow from Ben Bernanke’s stimulus speech continues to linger. The pair, cur »

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Editor’s Morning Forex Review: Central Bank Ripples Continue To Resonate

17/09/2012 09:09

  • Risk Appetite Back On The Menu
  • Euro/Dollar: Any Advance On 1.35?
  • USD/JPY Awaits The BoJ

It was Archimedes wasn’t it who came up with the principal explaining how every action has an equal and opposite reaction? And like dropping a pebble into a pond, the rebound caused by Draghi an »

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Gold Gains On Easing Promise

14/09/2012 12:09

  • Bullion Hits $1,768.44
  • Growth Prospects Fuel Commodity Gains
  • Riding The Rest Of The QE Wave - Kathleen Brooks

Gold prices have extended gains made yesterday in the moments after the US Federal Reserve announced that a further round of accommodative measures would be put in place to boost growth and jostle the »

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Twist And Shout

14/09/2012 09:22

  • QE Two-And-A-Bit!
  • Volatility Gets Its Day
  • Gold Wins Bigtime

So, he went and did it. Federal Reserve boss Ben Bernanke finally let rip with that big ol’ bazooka of his and… well, out popped a bit of a dud. But that’s men for you! Forex trade »

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Euro Fluctuates Ahead Of FOMC Decision

13/09/2012 15:47

  • EUR/USD Breaks Key Resistance Level
  • Greek Bailout Shocks
  • More Dollar Weakness Forecast

The euro retreated from a daily high of 1.2931 Thursday, as investors eyed the outcome of a two-day policy meeting of the US Federal Reserve and were hit with shock news about a third Greek bailo »

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Pacific Currencies Gain On QE Hopes

13/09/2012 11:10

  • Aussie Hits Daily High Of 1.0488
  • Risk Currencies Up On QE Expectation
  • Experts Warn Over Market Reception

Despite dipping from a daily high hit earlier, the Australian dollar has remained strong ahead of the US Federal Reserve’s decision over easing prospects due later today. The currency hit 1.048 »

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Japanese Data Spurs On Yen Prospects

13/09/2012 09:50

  • Analysts Eye Japanese Economy For More Clues
  • Asian Markets Rally On Easing Hopes
  • USD/JPY Continues Downward Streak

Japan’s core private-sector machinery orders increased to a seasonally adjusted 4.6 percent in July, data from the Japanese government showed Wednesday. The figure represents the second consecu »

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Mystic Ben And The Watchmen

13/09/2012 09:15

  • Time For Fed
  • QE3 - OK
  • Risk And Reward

In the run-up to penning this piece, (oh yes, dear forex trader, it takes something approximating a sprint these days of my own Autumn to achieve take-off speed!) I was thinking how whenever financial »

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Enter The Draghi

12/09/2012 16:16

It all started just over a month ago, when Mario Draghi declared “the ECB is ready to do whatever it takes to preserve the euro. And believe me, it will be enough”. Since then, the o »

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Gold Glistens At Six-Month High

12/09/2012 15:59

  • Gold Hits $1746 per ounce
  • ECB Plan Boosts Global Sentiment
  • Fed Easing Prospects Eyed

Gold prices rallied to their highest point for six months on Wednesday, buoyed by the news that the German Constitutional Court had approved the creation of a permanent euro zone bailout fund. Pr »

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Euro Likes The Vibe

12/09/2012 15:29

  • Euro At 4-Month High Versus USD
  • Eurodollar Psych Level Eyed
  • Next Up… Bernanke

So, of no real surprise – especially for clued-up forex traders – the German Constitutional Court cleared the way this morning for the fiscal pact and the euro zone's permanent rescue fund »

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Greenback Takes A Bashing Ahead Of FOMC Decision

12/09/2012 10:48

  • Dollar Broadly Low
  • Expectation For Easing Hits High
  • Disappointment: Experts Consider Fallout For Risk Currencies

The dollar has continued to weaken as markets head into the home straight ahead of an announcement by the US Federal Reserve which it is hoped will boost growth and stimulate the economy. Expectation »

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ESM: Yes… But

12/09/2012 09:13

  • All Eyes On Germany
  • European markets drop ahead Court ruling
  • EUR/USD Market Bullish

Today at 10am the highest court in Germany will hand down its preliminary ruling on the ESM and fiscal treaty. Forex traders can therefore expect a lift to the euro, which has already made a marginal »

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Crude Climbs On Dovish QE3 Vibes

11/09/2012 16:43

  • Crude Oil Hits $97.06 A Barrel
  • US Inventory Data Looms
  • Investors Eye Fed Meeting

Crude oil prices climbed Tuesday as investors continued to speculate over whether the Fed would add further easing measures in a bid to boost growth. The commodity also advanced ahead of inventory dat »

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Dollar Falls Further In The Fall

11/09/2012 14:54

  • Moody’s Muddies The Water
  • Weaker Dollar
  • Euro Gets A German Fillip

Credit rating’s firm Moody’s has weighed into the USA with a stark warning that unless the country gets its finances back on an even keel, it could be stripped of its triple-A status. With »

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South African Rand Set For Fall?

11/09/2012 14:48

  • Mining Unrest Spreads
  • Rand Set To Come Under Pressure
  • Investors Eye ECB For Next Cues

The US and euro zone may be grabbing the majority of headlines this week, with investors on tenterhooks as they ‘quanticipate’ the Federal Reserve’s next move. But for investors with »

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Yuan Loses Grip Against The Greenback

11/09/2012 12:27

  • CNY Drops Further Against The USD
  • US Fed Easing Expectations Soften
  • Bullish Outlook For CNY Longterm

The Chinese yuan dipped against the dollar Tuesday as bets on the prospect of quantitative easing from the US Federal Reserve began to wane slightly. The Chinese currency hovered just below the offic »

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UK Trade Surpises

11/09/2012 12:03

  • Rise In Exports To non-EU Markets
  • Sterling Firms V The USD
  • Exchange Rate Playing Its Part

The UK's trade deficit narrowed in July, led by an increase in oil exports to the European Union. Many forex traders will have been surprised by the figures, coming as they do on the coattails of a ra »

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Brazil – Order and Progress – Half Right?

11/09/2012 10:40

  • Real Flags Its Value
  • Feel The Heavy Hand Of Brazilian Government
  • Likely To Trade R$2.00 to R$2.10 To The USD

The Brazilian motto embellished on its flag “Order and Progress” is an exhortation of the Brazilian promise. Recently, the central bank and the government whose policies are inseparable (i »

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Clinging To Existence

11/09/2012 09:15

  • Markets Take A Snooze
  • Threat Of Extinction?
  • Risk On The Near Horizon

With forex traders in recovery mode from the preceding febrile five days of sphincter-bursting risk events, we found yesterday a rather sleepy affair. I suspect this will be the prevailing mood today, »

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Markets ‘Quanticipate’ Fed Decision

10/09/2012 17:00

  • Grexits, Spaxits and Quanticipation
  • Easing Hopes Run High
  • Gold Shines

In the world of forex trading, there are few occasions dramatic enough to necessitate the creation of a new word. The impending possibility that nations would leave the euro zone proved sufficiently e »

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Where The ECB Leads, Will The Fed Follow?

10/09/2012 16:49

  • China Data Undermines US Dollar
  • Euro off two-month high versus sterling
  • GBP Holds Above $1.60 On Fed QE Expectations

Along with stocks globally, forex traders saw the euro dip today as investors took profits before a German constitutional court ruling on the euro zone's new bailout fund. Upcoming elections in Hollan »

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Korea Takes Extra Stimulus

10/09/2012 15:44

  • Europe Trades Flat
  • USA Sneezes – Asia Catches Cold
  • One To Watch: USDJPY

Forex traders have seen Europe’s stock markets flat today. London's FTSE 100 index is down 0.04percent, Frankfurt's DAX 30 has edged up 0.1percent, Paris' CAC 40 rose 0.07percent, Italy's MIB sl »

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Draghi Boldly Goes

10/09/2012 09:09

  • A Week Of Event Risk In Europe
  • Germans On The Starboard Bow
  • Beam Me Up

I wonder if any forex traders out there have noticed a certain search engine’s landing page has been paying homage to the 46th anniversary of Star Trek? Sadly, from my research (40 seconds on Go »

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Gold Shines On QE3 Hopes

07/09/2012 16:58

  • Downbeat Jobs Data Weighs Heavy
  • Gold Break $1700
  • Analysts Remain Bullish On Bullion

Gold continued to make steady gains in the wake of disappointing jobs data from the US which ensured that the prospect of QE remained firmly on the table. Investors watched as gold prices rose to the »

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Cable Strengthening

07/09/2012 16:53

  • GBP/USD Edges Above1.6020
  • Sterling Remains Un-phased By UK Industrial Output Upturn
  • Fed FMOC Now Eyed

Forex traders saw the GBP hit a three-and-a-half-month high against the dollar today, tracking gains in the euro against the safe-haven greenback in the wake of Draghi’s plan to lower soaring eu »

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Great Britain Gets An Olympic Boost

07/09/2012 14:11

  • UK Industrial Productivity At 25-Year High
  • Sterling Stays Still
  • Germany Also enjoys An Output Uptick

Some bright news for the UK as we head for the weekend. According to the Office of National Statistics (ONS), the country has seen its fastest industrial output since 1987. Whether or not this signals »

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US Non-Farm Payrolls Comes In Below Expectation

07/09/2012 13:44

ForexSpace.com (LONDON) - US non-farm payrolls rose less-than-expected last month, data from the US Department of Labour showed Friday. The figure for August rose to a seasonally adjusted 96K, from 1 »

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Oil Advances On Upbeat NFP Hopes

07/09/2012 13:19

  • Oil At $95.72
  • NFP Estimates Revised Upward
  • Oil Prices Likely To Face Cap, Analysts Warn

Crude oil futures continued to flourish ahead of today’s nonfarm payrolls data. Contrary to forecasts earlier in the week, the number of jobs added to the economy in August is expected to c »

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Asian Markets Rally On ECB Promise

07/09/2012 11:14

  • Draghi Renews Euro Vow
  • Asian Stocks Soar
  • Analysts Bullish On Short-Term Prospects

Following European President Mario Draghi’s decision to renew his vow to save the single currency, markets across the globe received a boost. Aside from the immediate benefit to EU countries in »

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For better, For Worse… Richer Or Poorer!

07/09/2012 09:52

  • Draghi Unleashes His Big Bazooka
  • Euro Stands Proud
  • No Promises Though Of A Happy Ending!

I like a good love story, don’t you? Especially one which ends in a wedding. Ahh… bless! Thus, forex traders lined up on their sofas along with the rest of us yesterday, hankies at the re »

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Latest US Job Figures Surprise

06/09/2012 16:07

  • New Claimants Down
  • Weak Non-Farms Eyed
  • Fed Easing Still In The Frame

New data just out of the United States suggests there were fewer new applications for unemployment benefits last week. Also, a private survey conducted by payroll provider ADP showed North American bu »

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Gold Hits Half-Year High On ECB Promise

06/09/2012 15:35

  • Bullion Hits Six-Month High
  • Stock Markets Rally
  • Analysts Eye $1900 For Q3

Gold prices leaped to six-month highs Thursday, clinging onto gains made before the European Central Bank (ECB) announced its decision to keep interest rates on hold. Gold, which generally moves in o »

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Draghi ‘Thinks With His Head’

06/09/2012 15:20

  • Draghi Drags It Out
  • Euro Surrendered Gains Against The USD
  • "I am what I am"

The European Central Bank announced a new bond-buying programme this afternoon to lower struggling euro zone countries' borrowing costs. As forex traders sat glued to their live feeds from the ECB pre »

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High Frequency Traders Targeted By Electronic Broker ICAP’s New Regulations

06/09/2012 14:01

ICAP gives high frequency traders the heads up about its intention to remove the 5th decimal place on currency quotes alongside broad changes in the EBS platform, writes John Greener, Editor of&n »

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Place Your Bets

06/09/2012 12:39

  • ECB Zero Hour
  • Draghi’s Golden Bullet – Lock And Load?
  • Euro To Break Downtrend Line At 1.2655-65?

With just a couple of hours to go, City experts are split over whether the European Central Bank will cut its headline benchmark interest rate at today's meeting. Forex traders are similarly conflicte »

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BoE – No Change

06/09/2012 12:21

  •  UK Rates Held At 0.5 percent
  • Sterling Flat
  • ECB Still The main Event

Coming as news to no-one, especially wised-up forex traders, the bank of England has kept interest rates on hold at the historically low 0.5 percent, and its asset purchase target unchanged at £ »

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Gloomy Forecast For August US Jobs Report

06/09/2012 12:04

  • CNN Survey Reveals Downbeat Expectations
  • Ten-Year Yields Fall
  • All Eyes On Draghi

As men, women, children and forex traders across the globe prepare to hear the result of the European Central Bank’s deliberations, the limelight has temporarily been taken of the US and its fla »

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One of THOSE Days!

06/09/2012 11:45

  • The Morning Draghi’s On
  • A Check-Up From The Neck Up!
  • Euro/dollar Set For 1.27?

As reported earlier on forexspace.com, the attention of all market players today will be squarely focused on the ECB and what its head honcho Mario Draghi will say. Albeit we’ve already seen lea »

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Say Hello To EBS’ New-Look Platform

06/09/2012 10:07

It’s tough going out there, we all know that. So when news reached us that, after months of consultation with customers, market leader ICAP had unveiled a series of improvements to its EBS tradi »

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D-Day

06/09/2012 09:08

  • Enter The Draghi
  • Dare He Disappoint
  • To Cut Or Not To Cut?

It all started about a month ago, when Mario Draghi declared “the ECB is ready to do whatever it takes to preserve the euro. And believe me, it will be enough”. Since then, the only thing »

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Heading For A Headache

05/09/2012 12:27

  • Keep Taking The Tablets
  • Euro Slips Against The Dollar
  • Germany Falling

Just when the Spanish might be forgiven for turning to their medicine cabinets for a few extra aspirins, the country is about to impose new limits on the prescribing of drugs as part of health spendin »

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Oil Slips On Widespread Concern

05/09/2012 12:04

  • Oil Hits $114 A Barrel
  • ECB Hopes Waning
  • US Manufacturing, Supply Changes Game

Oil slipped to $114 a barrel Wednesday on worries over economic growth and whether the European Central Bank (ECB) will deliver on its promise to ‘do whatever it takes’ to save the euro co »

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Euro Zone PMI Shakes Investors

05/09/2012 10:42

  • Service And Business Activity Down
  • German Decline Back On The Radar
  • Markets Speculate Over Draghi’s Plans

As the markets gear up for another day of to-ing and fro-ing on the prospect for European Central Bank intervention this Thursday, further downbeat figures have emerged from the troubled economic regi »

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Editor's Morning Forex Review: Objectivity Should Be The Objective

05/09/2012 09:19

  • The Draghi’s Den
  • Careful What You Wish For
  • Beware Mirages

European Central Bank President Mario Draghi seems adamant that his organisation’s proposed purchase of short-term sovereign bonds avoids being in breach of European Union rules. Thus, market pa »

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Weak US Manufacturing Growth Trend Continues

04/09/2012 16:33

  • August PMI Sluggish
  • US Hiring Remains Stagnant
  • Sterling Trades Flat On Cable Charts

Forex traders have seen the US dollar trim gains against the euro this afternoon. The move has been largely driven by the release of the latest Markit Purchasing Managers (PMI) data that shows manufac »

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A Case Of Fright AND Flight

04/09/2012 13:12

  • Spanish Take their Money AND Run!
  • Spain On The Brink
  • Decision Time For Rajoy

As the first full week of European trading gets into its stride following last week’s curtailed August bank holiday break across the UK and its Continental neighbor, Spain has once again placed »

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Manufacturing A Recovery?

04/09/2012 11:39

  • Bricking It
  • UK Recovery Stuck In The Stalls
  • US Manufacturing PMI Next

The euro pushed higher against the dollar this morning, closing in on the two-month high hit last week. Forex traders ascribe the move as being supported by optimism that European Central Bank will un »

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Chinese Facing A ‘Hard Landing’?

04/09/2012 10:48

  • Chinese Manufacturing Hits Fresh Lows
  • Growth Target Questioned
  • Easing Prospects Under The Spotlight

A slowdown in China’s manufacturing PMI has renewed concerns about the underlying weakness of the world’s second largest economy. The main manufacturing PMI posted a figure below 50 for t »

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Editor’s Morning Forex Review: Nice Work - If You Can Get It!

04/09/2012 08:37

  • Light Volumes Ahead Of D-Day!
  • Euro Holds Steady
  • Risk Of Disappointment Gathers Pace

Yesterday, forex traders scrutinising their currency screens looked on as European markets wound down, making gains on a strange mood of optimism that gathered pace as Thursday’s ECB action - ak »

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Copper Latest Commodity To Rally On Easing Hopes

03/09/2012 16:43

  • Chinese PMI, Manufacturing Data Disappoints
  • Investors Eye Further Easing From Beijing
  • Economists Warn Over Unsustainable Commodity Price Rallies

Talk of looming easing measures continued to dominate trading Monday, but this time it was China’s economy under the microscope. Worries over the potential for the Chinese economy to flourish am »

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Markets Await Their Very Own Clint Moment To Make Their Day!

03/09/2012 15:19

  • Asia Gains – Opportunity Knocks
  • US Jobs Still The Key
  • As Clint Says, ‘Make My Day’!

The clarion call of Super-Mario to the rescue resounds ever more loudly in the lead-up to this coming Thursday. As to what forex traders should make of all this, I turned to my old mate, market analys »

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UK Manufacturing Offers A Rare Glimmer Of Hope

03/09/2012 14:50

  • PMI Surprises
  • Dollar Takes A Holiday
  • Sterling Moves Higher

Forex traders will have numbered amongst those cheered just a little by this morning’s bright spot of news in the form of the UK’s manufacturing data. The latest print shows the country&rs »

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Editor’s Morning Forex Review: Trading The Week Ahead

03/09/2012 07:47

  • Draghi Draws The Crowd
  • US Employment Data Eyed
  • Room For Risk

Last week drew to a close with the market trying to get a handle on Ben Bernanke’s Jackson Hole speech. As the Fed boss’s words made the rounds, forex traders saw the US dollar pare back s »

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Jackson Hole LIVE BLOG

31/08/2012 14:58

Just a few minutes to go until Benjamin Bernake makes his hotly anicipated speech at the Jackson Hole Symposium. There is no live feed for the event - and journos have to pay the princely sum of $900 »

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Euro Zone Inflation Casts Doubt On ECB Interest Rate Cut

31/08/2012 12:19

  • Inflation Up For First Time In Three Months
  • Rising Energy Prices Blamed
  • ECB Interest Rate Cut Questioned

Euro zone inflation rose more than expected in August, data showed Friday. Investors are now feeling increasingly downbeat about the prospect of any interest rate cut from the ECB at next week’s »

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Jackson Hole: 'Prepare For Disappointment' - Top UBS Analyst

31/08/2012 10:48

As the countdown to Benjamin Bernanke's speech at the Jackson Hole Symposium begins in earnest, some analysts are feeling increasingly pessimistic about the prospect of seeing any easing hints. Big B »

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German Economy Losing Steam?

31/08/2012 10:15

  • German Unemployment Up 9k
  • Euro Little Changed On Currency Charts
  • Concern Extends Beyond Jobs

The euro zone has posted data regarding German unemployment which, despite the Jackson Hole chatter continuing to dominate headlines, is bad enough not to be overlooked. Germany reported its fif »

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Peering In To Jackson Hole

31/08/2012 09:03

  • Fed Boss Takes The Limelight
  • EZ Still The Elephant In The Room
  • One To Watch: USDJPY

Hurray - it’s the end of the week; the waiting’s over. After days of speculation... will he, won’t he... Ben Bernanke gives us the nod in regard to the Federal Reserve’s stance »

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Dollar Higher Ahead Of Bernanke Speech

30/08/2012 17:39

  • EURUSD Slips To 1.2498
  • Sentiment Yo-Yos Ahead Of Speech
  • Analysts Downbeat About Easing Promise

The dollar pushed higher late Thursday ahead of a speech by Federal Reserve Chairman which investors will be expecting to deliver clues about central bank’s easing intentions. The EURUSD has no »

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Oil Futures Up On QE3 Optimism

30/08/2012 15:17

  • October Delivery Futures Up $113
  • Sentiment Continues To Fluctuate
  • Mixed US Data Offers Few Clues

Oil futures rose by over $113 a barrel on the eve of a speech by US Federal Reserve chairman Benjamin Bernanke. The speech, to be made at the Jackson Hole conference Friday, will be scoured by invest »

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CBI Cuts 2012 Growth Forecast

30/08/2012 13:58

  • Organisation Slashes GDP Prediction
  • Some Improvement Expected Late 2012 and 2013
  • Housing Key To Stimulating Growth

The Confederation of Business Industry (CBI) has slashed its gross domestic product growth forecast for 2012 from the 0.6 percent predicted in May to 0.3 percent. The revised forecast reflects the wo »

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Volatility Under “Stranglehold” Ahead Of Jackson Hole

29/08/2012 15:39

  • US Q2 GDP Data Fails To Impress
  • Market Struggles To Make Progress
  • Experts Lower Expectations

Markets Wednesday remained preoccupied with Jackson Hole, with US GDP figures for the second quarter doing little to settle nerves or make up minds ahead of the big day. Gross domestic product expand »

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Draghi Walks The Line!

29/08/2012 14:44

  • Not Goin’ To Jackson
  • One Piece At A Time
  • A Boy Named EU!

In yet another example of the markets held in limbo ahead of Friday’s Jackson Hole shindig, gilt futures traded broadly today as investors bided their time alongside forex traders in anticipatio »

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Oil Drops On Isaac Reality

29/08/2012 12:04

  • Oil Prices Down From Weekly High
  • Storm Isaac Damage Limited
  • IEA On Stand-By

As the tropical storm clouds of Isaac gathered along the Gulf Coast, the price of oil soared before the impending natural disaster had so much as scratched refineries. Come Tuesday, the anticipated d »

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Afternoon Tease

29/08/2012 11:55

  • EUR/USD Flirts With 1.5800
  • €31.5 Billion In The Bag?
  • Draghi Teases The Market… Again!

Forex traders witnessed cable survive a test of critical support yesterday. But as volatility is likely to heat up in coming weeks, the pair may not be so lucky next time around. Having tested below t »

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Panic Spreads As Spanish Outflows Smash Records

29/08/2012 10:38

  • July Outflows Double Monthly Record
  • Spanish Economy In Jeopardy
  • Euro Buoyed By Auction

After revealing the astronomical sums of cash required to bail out its regions to varying degrees, Spain has truly marked itself out as euro zone basket case to give Greece a run for its Drachma. Cat »

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Editor’s Morning Forex Review. More Fun And Games

29/08/2012 08:56

  • Euro/dollar Targets 1.27
  • Inertia Grinds to A Halt!
  • All Hail The Paralympic Effect

This is the last week of summer. And as the 2012 Paralympics gets underway in London with the opening ceremony tonight, offering arguably the most inspirational example of the indomitability of the hu »

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EUR/USD Trading In The 1.2550/55 zone

28/08/2012 15:22

  • Fitch Singles Out The Fiscal Cliff
  • Euro/dollar touches 1.2561
  • Peering Into Jackson Hole

Cable notch a daily high on currency charts this afternoon, hitting 1.5800  prior to the Fitch Ratings agency disclosure that the US’s AAA status remained questionable. Forex traders won&rs »

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In Out – Shake It All About

28/08/2012 13:26

  • Draghi Digs Himself Out Of The Hole
  • Gold And Copper Rally Hand-In-Hand
  • QE – Que?

Attracting more attention than Prince Harry’s regal naked bottom this week – certainly for traders of currency and commodity – is the Jackson Hole conference on Friday.  Not lea »

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Draghi Drags His Feet

28/08/2012 13:12

  • ECB Boss Jumps Out Of Hole
  • Euro Gets Going
  • EURGBP Price Action

 

The European single currency scarcely moved in Asian trade today. Forex traders seeing the EUR becalmed near this week's lows, also noted the Aussie hitting a fresh five-week low on fears about the de »

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Aussie Down Under

28/08/2012 10:52

  • Aussie Dips Below 1.0360
  • Faith In US Intervention Wanes
  • Eyes On US, China For Bullish Cues

The Australian dollar took a dive late Tuesday as the graveness of the global financial situation began to take a toll on investor optimism. Spanish GDP, which was revealed to be languishing below exp »

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A Hole Lot Of Shaking Goin’ On!

28/08/2012 09:13

* USD Remains In Limbo

* Central Bankers Of the World Unite

* Euro Zone Still Has The Potential To Scupper the Markets

Forex traders can expect another few days of relative limbo ahead of this Friday’s main event taking place at the prosaically named Jackson Hole. The meeting of the world’s most influentia »

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Editor’s Morning Forex Review: Euro-Land Of Make Believe

28/08/2012 08:47

  •  The Global Implications Of The Euro
  • History Repeating Itself
  • Mea Culpa

World leaders must be spending more time fretting about the euro zone crisis than practically any other issue these days. That said, wised up forex traders might be a bit surprised at President Obama, »

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Pleas Talks

24/08/2012 16:21

  • EUR/USD In Decline
  • Merkel Talks Riddles
  • Samaras Looks Glum

 

The euro has finished the week on a subdued note. Despite Angela Merkel’s attempt at some uplifting words after her meeting with Greek PM Antonis Samaras, her colleague, German CDU leader Kauder »

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Euro Retraces Gains On German Comments

24/08/2012 13:01

  • Merkel/Samaras get Down To Business
  • EUR/USD Intensify Its Fall
  • Psych Level In Sight

The meeting between Angela Merkel and Greek PM Samaras has ended. Speaking afterwards at a press conference, Mrs Merkel said she's convinced that Greece’s government is doing all possible to sol »

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UK GDP Revised to 0.5 Percent

24/08/2012 09:42

  • UK GDP In Line With Expectations At 0.5 Percent
  • Pound Thrives On Upbeat Data
  • ...But UK Still In Recessionary Territory

In line with expectations, Britain’s GDP has been revised down from the previous estimate of a 0.7 percent contraction. The figure for betweenApril and June now stands at 0.5 percent. Grow »

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A Right-Angela’d Triangle Of A Day

24/08/2012 09:19

  • Grexit Still haunts The Markets
  • How Much Is Enough?
  • Is The World Ready For A Second Iron Lady?

Forex traders will be relieved to know I have been trawling the online news-sites for a take on the next episode of Mission Impossible - aka Avoid A Grexit And Save The Euro, with which to regale you. »

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Desert Island Risks

23/08/2012 17:11

  • An Island For A Hedge
  • I Own Ionia
  • To Hellenic And Back

Here’s something to keep forex traders’ interest at the end of another day scrutinising the currency screens for signs of life. If you have a bit of loose change to hand, or a few hundred »

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British Shoppers Lose their Mo-Jo!

23/08/2012 16:23

  • Olympic Effect Fails To Perform
  • Sterling Holding The bend
  • Greenback Stuck In The Blocks

After yesterday’s cable market consolidation which, as forex traders saw, rallied sharply with the USD selling in the wake of the FOMC Minutes, today has seen the pair taking a breather. The 38. »

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‘Home Sweet New Home’ For The US

23/08/2012 16:07

  • New Home Sales Up 3.6 Percent
  • Home Prices Fall
  • Dovish Outlook Weighs On Dollar

New home sales in America rose more-than-expected in July, while home prices themselves fell. The figures are the latest in a string of confusing data from the US which has provided mixed signals over »

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Going A-Roving

23/08/2012 14:29

  • Euro Hits Seven-Week High Against USD
  • FOMC Lets The Bull Loose
  • Greenback Down Across The Board

As the culmination of a 352-million-mile trip, it was a pretty modest test drive. Trundling forward just 15 feet over the red dust of Mars, turning 120 degrees on its own axis before backing up about »

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“Grexit Would Be Devastating” – Greek PM

23/08/2012 12:52

  • Samaras Speaks To Shore Up Extension Request
  • EUR/USD Buoyed Despite Can-Kicking
  • Euro Stable At 1.2556

After demanding more time to implement the spending cuts desperately needed to salvage the Greek economy, PM Antonis Samaras now appears to be forcing the request through with some tough talk. Speaki »

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FOMC Minutes Shock Traders

23/08/2012 10:50

  • Minutes Emerge More Dovish-Than-Expected
  • Dollar Drops Against Most Major Peers
  • Caution Advised Over Easing Expectations

Traders and analysts Thursday morning were faced with the tough challenge of digesting surprising FOMC minutes amid downbeat euro zone PMI data and catastrophic Chinese manufacturing figures. The det »

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Euro Zone PMI Data Disappoints

23/08/2012 09:31

  • Euro Zone PMI Contract For Seventh Month
  • German Service PMI Hits Three-Year Low
  • Euro Outlook Bearish

Germany has posted its weakest monthly private sector performance in three years, according to data from Markit. Analyst consensus before the reading was for a drop to 50.0 points from the previous m »

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Whine and Pleas

23/08/2012 08:58

  • Buyers And Cellars
  • Happy Returns
  • Red, White And Blue

What with rate rigging, the payment protection racket and pursuing a bunch of Bankstas, one might have imagined the FSA would have had plenty to be getting on with. But not so. While forex traders po »

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A Silver Lining For Precious Metals?

22/08/2012 16:26

  • Gold Prices Flatten Ahead Of Fed Data
  • Palladium Strike Fear Pushes Precious Prices
  • Barratt’s Bulletin Analysts Bullish On Silver

As the markets await word on the state of play from across the pond via the release of FOMC minute due out later this evening, we shine a light on the prospects for precious metals. Gold Eyed Ahead o »

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U.S. Building From The Ground Up

22/08/2012 16:10

  • Europe and Japan Conspire To Push U.S. stocks lower
  • Greece Plays For Time
  • U.S. House Sales Show Signs Of Improvement

 

Newly printed weak export data from Japan that does little to assuage the gloom facing the global economy conspired to send U.S. stocks lower at today’s open. Thus, the Dow Jones industrial aver »

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Anyone Got An Aspirin?

22/08/2012 15:14

  • Anyone For Vecksler?
  • Eurodollar – Yet More Chatter
  • FOMC Minutes Awaited With Baited Yawns

Do you, dear forex trader, ever find yourself feeling a tad Veksler? What’s that, then, do I hear you ask? Before I share with you the precise meaning of this new adjective, first spare a though »

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FOMC Minutes Awaited

22/08/2012 12:33

  • Greenback Trading Strongly Ahead Of The FOMC
  • Cable Ahead Of The Pack
  • Weak US Data Falling On Deaf Ears

The GBP managed to reach a three-month high against the dollar this morning, pushing forward with the previous day’s gains on suddenly rejuvenated optimism that the ECB stands on the brink of &n »

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Copper Bottoms On Japanese Data; ECB Fears

22/08/2012 11:53

  • Copper Retreats With Global Stocks
  • Japan Deficit Posts At Over 500bn
  • ECB Faith Wanes

Accompanied by stocks the world over, copper retreated in the face of Japan’s broadening trade deficit. The metal fell 0.4 percent to $7,578 a metric ton on the London Metal Exchange in the wak »

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Oil Advances On Supply Concern; FOMC Minutes Eyed

22/08/2012 10:14

 

  • Oil Reaches $96.93 in Bangkok
  • Goldman Sachs Analysts Bullish
  • FOMC Minutes: Mixed Outlook

 

Oil prices jumped Wednesday as supply problems and increasing tensions in the Middle East looked set to underline crude prices further. The gains come off the back of Tuesday’s crude advance on »

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CHINA: HANDLE WITH CARE

22/08/2012 09:03

  • The Mother Of All Asset Bubbles
  • Is China Facing Its Own ‘Lost Decade’?
  • China Bulls - Bear Necessities!

Four years on from Beijing’s successful if somewhat authoritarian hosting of the Olympic Games, China has been hitting the headlines... mostly for the wrong reasons. From its squandered Olympic »

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Time To Get Bullish On Bullion

21/08/2012 16:09

  • U.S. QE3 Expectations Fading
  • Commodities Rally Broadly
  • Eyes On September Meeting

The renewed promise of salvation for euro zone nations drowning in debt, combined with waning QE3 expectations, have sparked a commodities rally which has sent oil and gold up charts. Benchmark oil f »

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UK MANUFACTURERS REPORT WEAKENING

21/08/2012 14:53

  • CBI TURNING THE SCREWS
  • EXPORTS DETERIORATE
  • CABLE LOSES STEAM 

In what turned out to be a pretty pro-risk morning across the currency and other markets, forex traders have seen the GBP finding some direction amid conditions far from favourable to the USD, while t »

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Loonie Tunes: Or Madness Gone Politically Correct!

21/08/2012 12:55

  • Canadian Economy In Better Shape Than Many
  • CAD Posts Healthy Gains Vs The USD
  • BoC Boss Holds Up His Hands

The Canadian dollar held close to its strongest level in more than three months thanks largely to improved economic growth prospects and growing optimism over the euro zone moving closer to curbing it »

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RBA Minutes Buoy Appetite For Tasman Currencies

21/08/2012 12:34

  • Aussie Breaks 1.05 Resistance
  • Kiwi Up O.5 Percent
  • Investors Eager For Governor Speech

The euro zone may continue to divert attention from some of its less precarious peers, but an announcement from the Reserve Bank of Australia (RBA) succeeded in stealing the limelight earlier in the A »

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UK’S PLAN A - ‘MORE HOLES THAN A SWISS CHEESE’!

21/08/2012 11:49

  • UK Public Sector Finances Up The Creek
  • Sterling Paddles Up-River
  • Osborne Feels The Draft

Forex traders saw the EUR/GBP execute an impressive upside leap after optimistic comments by ratings agency Fitch’s head of sovereign debt, David Riley, saying the ECB may be willing to act with »

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Euro Holds Steady In Asian Session

21/08/2012 09:32

  • Single Currency Vulnerable To Doubts
  • Can Germany Calm The Markets?
  • Storm Brewing?

In Asian trading, euro/dollar has been staging a rally ahead of the European opening, while futures for the DAX 30 and French CAC 40 edge higher, and the pair keeps on extending gains. Forex traders s »

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Editor’s Morning Forex Review: A Curate’s Egg Of A Business

21/08/2012 00:00

  • Markets Remain Un-Eggcited
  • Euro Hard Boiled At 1.24 Against The USD
  • Greek Chickens Coming Home To Roost

 

As any forex trader conversant with late-nineteenth-century cartoons will know, the expression "curate's egg" describes something that is at least partly bad, but with some arguably redeeming features »

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GBP moves to a two-and-a-half-week high

16/08/2012 16:48

  • GBP Hits $1.5739
  • Extension of BoE QE?
  • Sterling Steady Versus The Euro 

A mixture of upbeat UK retail sales data and a newly-published survey suggesting that Britain’s economy should grow by a whopping 0.7 percent in Q3, sent sterling to more than a two-week high ag »

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EUR/USD soars towards 1.2330

16/08/2012 14:36

ForexSpace.com (LONDON) – The euro has a head of steam following the release of U.S. data, including a weekly labour market report which came in softer than hoped.Initial jobless claims have ris »

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USD/JPY on the way back to 79.36 high

16/08/2012 14:20

  • Greenback Soars On Stop-Loss Buying
  • 79.50 Unlikely
  • Sunrise For The U.S. Economy, Or False Dawn?

As the corrective movement from the USD/JPY’s latest upside to 79.36 high appears to have run out of puff at a 79.13 session low, forex traders will be looking to get the pair into recovery mode »

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USD/JPY at 1-month high on rising U.S. yields

16/08/2012 12:51

ForexSpace.com (LONDON) – The dollar rose to a one-month high against the yen today, extending gains after recent upbeat U.S. data pushed Treasury yields higher and cooled expectations of furthe »

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GBP/USD Pushes At The 1.5700 Door

16/08/2012 12:43

ForexSpace.com (LONDON) – After a flirting with a 45-pip spike, GBP/USD has retreated from its session high of 1.5715 during early European trading. The uptick occurred as a direct consequence o »

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UK retail sales notch up an Olympian gold medal performance

16/08/2012 12:29

  • Britain Runs To The Shops  
  • Sterling Sprints Ahead
  • GBP/USD High Jumps A 45-Pip Spike

For forex traders especially interested in sterling, yesterday’s big news hinting at the likelihood of more QE coming from the Bank of England gave us something to get our teeth into. Sterling f »

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