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FXSNIP: AUD/USD Aussie Remains Below Parity

16/05/2013 10:05

For the 24 hours to 23:00 GMT, AUD rose marginally against the USD to close at 0.9897. However, the Aussie continued to remain below parity, after the Australian Treasurer, Wayne Swan stated earlier t »

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Morning Forex Review: GDP Day!!- The News You Havent Been Waiting For

15/05/2013 07:23

  • Negative Q2 & Q3 Forecast
  • How Long Can You Hold A Long Position
  • The BofE Inflation Report Will Overshadow Unemployment Figures

The news you haven’t been waiting for… the sixth consecutive quarter of contraction in the Eurozone! Negative Q2 & Q3 Forecast And that’s not likely to be the end of it; the marke »

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Morning Forex Review: Part Two

14/05/2013 08:14

  • RICS Housing Balance Announced Tonight
  • Apathy Rules In Brussels
  • US Retail Sales for April  Are Out

Tomorrow brings normality back to the Economic calendar of events.   RCIS Housing Balance Announced Tonight But for today, we have no UK indicators out during London trading hours. The RICS hou »

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Technical Analysis: S&P/TSX 60 Tested Support

14/05/2013 07:05

S&P/TSX 60 did test support at 712/11 & made a low for the day as expected but any longs here need stops below 708.50 today for a test of the next support at 706/05. We meet the 200 day movi »

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EURUSD: German – US Yield Spread Approaches A Key Level

13/05/2013 17:39

At least in the short term, the yield spread between German Bunds and US Treasury yields seems to support a weaker EURUSD writes Kathleen Brooks, Research Director Forex.com. But beware; a key suppor »

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Morning Forex Review: Not Such A Manic Monday

13/05/2013 06:47

  • UK Housing Market Improvement
  • Bank Of France Sentiment Out
  • US Retail Sales For April- Improved Figs Expected

Last week’s data lull continues for one more day, and then we start a more normal calendar of events.   UK Housing Market Improvement We have no UK indicators out during London trading ho »

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Morning Forex Review: Germany-Factory Orders Up, Retail Sales Down? Go Figure...

10/05/2013 07:05

  • Visible UK Trade Deficit Expected To Narrow
  • More Fed Speak Today..
  • Big Chiefs Big Meet Tonight

How is it that German factory orders and industrial production were doing so well in March when retail sales were down? We may get the answer to that today when the country’s trade figures for t »

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Morning Forex Review: Bank of England Meeting Today- Will Anything Come Of It?

09/05/2013 07:34

  • Many Changes, Low Impact
  • UK Industrial Production for March
  • US Focus On Speeches

Another Bank of England meeting today…will anything come out of it? Data has improved slightly recently, particularly the PMIs (although “improved” encompasses “become less ba »

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Equity House Of Cards Continues To Get Higher

08/05/2013 13:59

  • FX Intervention Risk Rises
  • US Treasury Yields Could Run Into Wall Of Resistance
  • NZD And Scandi’s Run Into Giant Walls Of Money

FX is playing second fiddle to stock markets today writes Kathleen Brooks, Research Director Forex.com. If you are a trader who likes trends then equities are where the established trends are. Europe »

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FX SNIP: EUR/USD

08/05/2013 08:11

  • Disappointing French Economic Data
  • US Economy To Grow By More Than 3%
  • Strong Chinese Trade Data

For the 24 hours to 23:00 GMT, EUR rose marginally against the USD and closed at 1.3075, after German factory orders beat market expectations by rising a seasonally adjusted 2.2% (MoM) in March, from »

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Morning Forex Review: All Quiet On The Wednesday Front

08/05/2013 06:56

A very light calendar today with only one major indicator out. After yesterday’s surprisingly good German industrial orders figure, today’s German industrial production for March may be a »

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Stocks Update: Gilts Plunged On Friday to 119.36

07/05/2013 07:03

Gilts held collapsed from 120.53 resistance last week & plunged a lot further than expected on Friday, breaking 119.82/77 support to reach 119.36. This level happens to be a 61.8% retracement&nb »

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US Payrolls Brighten US Outlook

03/05/2013 15:06

A solid report out of the US today writes Kathleen Brooks of Forex.com   The Highlights of the US Data:   Details: 165k payrolls for April, upward revision to March number from 88k to »

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Draghi:"Do Not Unravel Progress"

02/05/2013 13:56

Draghi's it is crucial that eurozone governments do not "unravel" the progress made in reducing their borrowing needs. Watch the ECB Press Conference with Mario Draghi Live here: http://www.ecb.int/ »

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ECB Rate Cuts To A Record Low

02/05/2013 13:44

Richard Wiltshire, Chief Dealer FX, ETX Capital gives us his initial reaction to the ECB rate cuts: Rates were cut as anticipated and Euro has a knee jerk dip lower before rallying, although its only »

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Morning Forex Review: ECB; Today is the Tomorrow You Worried About Yesterday

02/05/2013 06:43

  • Incoming Information to the ECB Has Been Uniformly Negative
  • Rate Cut Impact Would Be Limited
  • ECB's Possible Other Moves..

Yesterday was the Fed’s day in the spotlight; today it’s the ECB’s turn. I expect the ECB to cut the refi rates by 25 bps at today’s meeting (as do some 45 out of 70 economists »

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VIDEO TECHNICAL ANALYSIS: AUD/USD

30/04/2013 12:59

Today Gregor Horvat looks at the AUD/USD. AUDUSD turned higher last week after a break through the trend-line connected from 1.0580 highs. As such, we are tracking a corrective recovery now in comple »

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MORNING FOREX REVIEW:Disappointing Data Gives ECB Room To Cut Rates

30/04/2013 07:10

  • Inflation Expected To Have Fallen
  • Eurozone Unemployment
  • US Consumer Confidence

The recent disappointing data has given the ECB enough reasons to cut rates; today’s CPI data should give the ECB room to cut rates. Inflation Expected To Have Fallen Inflation is expected to »

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FOREX INSIGHT: Could Germany Switch Dovish Side At The ECB?

29/04/2013 16:20

  • For and against an ECB rate cut
  • Could governments do the job of the ECB?
  • Waiting For Major Events Later This Week

This is the question as we lead up to the ECB meeting later this week, writes Kathleen Brooks, Research Directory at Forex.com. Today’s CPI data suggests that the Eurozone’s largest e »

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FX SNIP: USD/SGD

29/04/2013 09:49

  • USD/SGD Is Likely To Gain Downward Momentum
  • Resulting Downward Price Thrust

USD/SGD has been falling steadily in the last few days in line with the strong long-term downtrend that can be seen on the daily and the weekly USD/SGD charts. The pair recently completed the 2nd int »

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TECHNICAL ANALYSIS: FTSE

29/04/2013 08:00

FTSE should start to drift lower for a test of support at 6355/50 which held nicely on Friday anddid in fact mark the low. A break lower today however targets 6330/25 with a low for the daylikely. How »

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FOREX INSIGHT: Big Week For The UK Economy

26/04/2013 16:00

  • GDP Outcome
  • How does the BoE read these figures?
  • Sterling Rallied Hard

The UK economy managed to escape a triple dip recession much to the surprise to some of the bears out there, posting a better-than-expected reading of 0.3% expansion in the first quarter of the year w »

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FX SNIP: EUR/NZD

26/04/2013 11:18

  • EUR/NZD falls inside the 3rd impulse wave of the primary downward 5th impulse wave
  • Further losses likely toward 1.5080 and 1.5000
  • Strong combined resistance area around 1.5600

EUR/NZD is on its way to further losses after flashing multiple bearish signals over the last few days, weeks and months. The pair is currently moving inside the 3rd downward impulse wave of the larg »

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FX SNIP: USD/JPY

26/04/2013 09:12

GCI Financial reports on the latest USD/JPY position For the 24 hours to 23:00 GMT, the USD weakened marginally against the JPY and closed at 99.36. In the Asian session, at GMT0300, the pair is tra »

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Commodities Update: Zinc

26/04/2013 07:14

Zinc continued higher as hoped to reach our 1933/37 target & carried on but could not reach1961. We have closed below 1933/37 as we look very over bought in the short term so there is arisk of a drift »

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Morning Forex Review:Eurozone M3 Growth Is Forecast To Decline

26/04/2013 06:41

  • Does The ECB Still Care About The Monetary Aggregates?
  • US Q1 GDP Main Focus For Today
  • A Strong US Economy Usually Means Risk On

Eurozone M3 growth is forecast to decline to 3.0% yoy from 3.1% in March, with the more closely watched three-month average falling to 3.2% from 3.3%. Does The ECB Still Care About The Monetary Aggre »

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Positive Response of the British Pound to BoE Decision

24/04/2013 16:08

The British Pound has responded positively to the Bank of England’s decision to extend the Funding for Lending Scheme and may continue the upward trend if 1Q GDP data shows improvements. Da »

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Technical Analysis: EUR/USD

23/04/2013 14:29

  • EUR/USD falls after failing to break above 1.3200
  • Further downside likely toward 1.2700
  • If 1.3200 is broken look for the price to rise towards 1.3800

Forexspace welcomes our newest contributor Dima Chernovolov, Experienced Forex Analyst and his views on EUR/USD. EUR/USD continues to decline after the recent failure to break up above the combined r »

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Momentum loss for EUR; JPN Fails 100, AUD Bearish

23/04/2013 06:56

  • EuroZome PMIs
  • JPY Not Breaking 100 Barrier
  • AUD Bearish

EUR/USD is losing some upside momentum, with the currency pair likely to be more constrained in the days ahead writes Econometers Mitul Kotecha. Weak April Eurozone purchasing managers’ indices »

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Metals Update: Lead

23/04/2013 06:48

Lead tested & held Oct lows at 1979 last week & we made it to our target of 2046/47 yesterday.  We expected to hit sellers here & top out for the day & as predicted the high was 2045. That lo »

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Italian Election Not Necessarily Positive

22/04/2013 16:56

  • Italian Election
  • Chinas' Big Statements
  • USD/JPN Advance

Christopher Vecchio believes that the Italian presidential election has solved little for Italy and the euro with a difficult road ahead while in Asia, Yen approaches ¥100.00. Christopher Vecchio »

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The Currency Wars Are Over

22/04/2013 13:11

  • Monetary Policy to foster recovery
  • Praise for Japan
  • US Inflation Index Released

At the G20 meeting, FX was not the contentious topic it had been, reports Marshall Gittler, Head of Global FX Strategy at IronFX.  The section in the communique about FX policy was basicall »

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UKs Credit Rating Lowered

22/04/2013 10:53

  • UK Credit Rating Lowered
  • GBP outlook 
  • Quiet week in the Eurozone

Currencies Directs, Ashley Skinner updates us on the G20 Summit outcomes. As the G20 summit came to a close on Friday we saw the confirmation, again, that Japan is well within its rights to continue »

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Morning Forex Review: Consumer (lack of ) Confidence in the EuroZone

22/04/2013 07:38

  • Eurozone Consumer Confidence low
  • US Existing Home Sales
  • BofE Speech in Paris

This week gets off to a slow start, with a lot of talk but not that many numbers to wrap your heads around. In the Eurozone, consumer confidence is the only potentially market-moving indicator. Consu »

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Golden Opportunities - After The Bubble Has Burst

19/04/2013 12:14

This is our third release from The Real Asset Report. Here we take a look at how, despite calls that the gold bubble is finished, the whole world is still talking about buying gold, says Jan Skoyles. »

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IMF Stance Heaps More Pressure On Osborne

19/04/2013 09:36

Recent comments from the IMF that Britain should rethink its austerity policies bring it into direct opposition to the Chancellor George Osborne’s current stance that fiscal tightening is here t »

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Morning Forex Review: Light Data Day Leaves Time For Light Lunch

19/04/2013 07:58

You can take your eyes off the screen and go out for lunch today as only second-tier data is due out. Connoisseurs of inflation numbers will want to look at German producer prices, which are expected »

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Weidmann: Wide Of The Mark Or On The Button?

18/04/2013 15:35

The euro rapidly gave up the optimism it had discovered of late (particularly during the rally of Tuesday and Wednesday) after yesterday's Weidmann comments and a general “risk off” safe h »

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Less Bullish SEK Outlook After Dovish Riksbank

18/04/2013 10:45

Considerable downward revisions to the rate path by the Riksbank yesterday came as a surprise to us and have made us change the short-term outlook for monetary policy, write Carl Hammer and Richard Fa »

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Pound Hit By Higher Unemployment

18/04/2013 09:47

Phil McHugh, Trading Floor Manager at Currencies Direct, reflects on a bad day for the pound.  It was a bad start to the day yesterday for the pound after it was confirmed that UK unemploym »

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Morning Forex Review: US Jobless Claims Could Restore Faith

18/04/2013 08:04

  • Jobless Claims Eyed For US Recovery
  • Low Expectations For UK Retail Sales 
  • G20 Meet In Washington

In the US, today’s initial jobless claims will be scrutinized to see if last week’s improvement continues. This week’s figure is particularly important as it covers the survey period »

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US Dollar Rallies On Weaker Sentiment

17/04/2013 16:35

Christopher Vecchio, currency analyst at DailyFX, believes that the reason for the rise of the US Dollar is falling investor confidence, while noting BoE April minutes and German 10-year note auction »

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BoE Minutes Revives Sterling Bears

17/04/2013 10:38

GB Apr BoE Meeting Minutes – 6-3 MPC vote in favour of keeping QE total at £375bn, 9-0 vote to keep interest rates at 0.5% GB Feb Average Earnings (3m-y/y) 0.8%, Fcast 1.2%, Prev 1.2% »

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Morning Forex Review: Markets Eye Up Central Bank Policy

17/04/2013 07:58

  • Spotlight On Central Bank Policy
  • Swedish Gov Still Sanguine About The SEK?
  • BoE Minutes Could Reveal MPC Direction

The spotlight today will be on central bank policy. No one is expecting any change in rates or in overall policy; rather, the emphasis will be on the nuance of policy and what further clarity the cent »

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Gold Battered By 'Risk Off' Winds

16/04/2013 10:21

A disappointing session for risk assets yesterday threatens to advance further, writes Philip Ryan, Corporate FX Trader at Currencies Direct. Weaker-than-expected data from China and the US »

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Gold Prices Plummet - What Can We Expect Today?

16/04/2013 09:15

Gold prices touched a two-year low yesterday, as downbeat data from the US and China reinvigorated fears of a global growth slowdown. Gold fell 8.5 percent and silver was down 14.5 percent as th »

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Euro Struggling With Asia Stuck In 'Growth Rut'

15/04/2013 15:52

EUR/USD has continued to lose ground throughout Monday trading, as risk appetite remains damaged by a downbeat growth report from China. Christopher Vecchio, Currency Analyst at DailyFX, believes that »

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Chinese Trade Data Disappoints; Market Fear Creeping HIgher

15/04/2013 08:26

As the trading week begins and as the sun emerges from the London fog (whether figuratively or literally, as it were), worries among FX investors are expected to resurface. Across the Channel, problem »

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Morning Forex Review: Trade And Manufacturing Data Dominates

15/04/2013 07:52

  • Euro Zone Trade Data Weighing Heavy
  • US TIC Data Under The Microscope
  • US Housing Market Index Due To Rise Slightly

The euro zone trade balance is expected to show another strong surplus in February of EUR 9.9bn, up from 9.0bn in January. This surplus is probably one reason why the euro has been so well underpinned »

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US Retail Sales Knock USD From Four-Year High

12/04/2013 15:58

US retail sales fell across the board in March, official figures showed Friday afternoon, reigniting fears over the strength of the US recovery. Commentators are suggesting that recent tax hikes have »

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Catching The Falling EUR Knife A Winning Strategy?

12/04/2013 14:15

Mostly a crowded trade and one currency – the yen against everything, have consumed the FX market. Today is another short day of Euro-market moving data, and with no supply to be taken down, inv »

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Aussie Favours China Data Over Its Own

12/04/2013 09:30

The Australian dollar opened higher against the majority of its major peers on Friday, continuing its show of strength. At 0700 AEST on Friday, the Australian dollar was at 1.0536 US cents, up from T »

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Morning Forex Review: THAT Bailout Is Back

12/04/2013 08:00

  • All Eyes On Dublin
  • Modest Rebound For Euro Industrial Production 
  • US Retail Sales Top The Agenda

Dublin will be the focus of attention in the Euromarkets today and tomorrow as the 27 EU finance ministers meet to discuss the Cyprus bailout (thought you’d heard the last of that one, did you?) »

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EURO Market Is Happier Front Running Japanese Flow

11/04/2013 12:27

Everything has been about the current yen show. If you missed an episode do not worry, one can catch up rather easily. The moves are quasi-predictable, certainly repetitive and a license to print mone »

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Is The Euro In Crsis? Saxo Invites You To #FXDebate

11/04/2013 10:11

Date: May 7, 2013 Time: 17:00 pm – 19:05 pm Venue: Bloomberg Office, City Gate House, 39-45 Finsbury Square, London EC2A 1PQ. The recent bailout in Cyprus has opened a new »

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Risk Is Back On The Menu

11/04/2013 09:28

Risk sentiment remains buoyant following the aggressive easing by the Bank of Japan (BOJ) which the market is now pricing in as a move into risk. Asian markets and equities continue to rally and we ar »

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Sterling Supported By UK Data; Still An 'Insignificant Player'

10/04/2013 10:17

The pound has continued to creep higher against the USD, along with more modest gains versus a number of its major peers. Sterling investors were comforted on Tuesday, when data showed that UK factor »

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Deutsche Bank Bearish On EUR/USD For Three Reasons

10/04/2013 09:14

We don't believe the last few days' EUR/USD squeeze has legs and remain bearish for three reasons. George Saravelos, FX Strategist at Deutsche Bank explains… First, we think the market is unde »

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Aussie Bolstered By Chinese Import Data

10/04/2013 09:00

The AUD/USD is trading higher this morning, spurred on by official trade data from China which showed a 14.1 percent increase in imports YoY. China remains Australia’s biggest trading partner, »

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Morning Forex Review: Fed Tops The Agenda On A Quiet Day

10/04/2013 08:17

  • Light economic calendar today
  • Industrial output figures for France, Spain, Italy set to disappoint
  • All eyes on the Fed's FOMC minutes

The economic calendar for Wednesday is looking fairly light on data today, continuing this week’s relatively quiet theme. Industrial output figures from across the euro area are due for release »

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Japan Dominates Markets

09/04/2013 10:57

Japan remains at the forefront of investors’ minds as the currency’s weakness continues to extend, leading to pressure in closely linked currencies and markets particularly in Asia, especi »

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Morning Forex Review: Oil On The Ascent As Dollar Suffers

09/04/2013 07:29

In keeping with our first technical analysis snip of the day, today's morning forex review will be focussing on the rising price of oil. Global oil prices rose moved higher in line with a weaker doll »

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‘Air Of Normality’ Returning To Markets?

08/04/2013 09:35

There is an air of normality this morning as the major currency pairs start to settle down into more familiar territory, comments Lee McDarby. Head of Dealing, Investec Corporate Treasury. GBP/USD&nb »

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Morning Forex Review: Portugal Deals Euro A Nasty Blow

08/04/2013 08:20

The single currency has managed to stand strong despite a slew of negative stories out over the weekend. Yesterday marked the two-year anniversary of Portugal requesting a bailout, and prime minister »

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Euro Shoots After ECB Meeting, Losses Capped

04/04/2013 16:10

The euro initially moved lower after a meeting of the European Central Bank today, but losses were capped after Mario Draghi claimed that Cyprus is “no template” in the Q&A session. John »

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It's CB-day And For A Change It's As Much About The ECB And BoE As The BoJ

04/04/2013 10:48

Defending one sucker punch this week may not do it - softer US data yesterday honed in on a weakness in US employment forecasting. Both the US ADP and the employment sub-index of the ISM non-manufactu »

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Markets Await Interest Rate Decision

04/04/2013 10:18

GBP – Hopes that the U.K. will avoid a triple-dip recession were dealt another blow yesterday as UK Construction figures released showed that the sector contracted again in March, although there »

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Markets Hold Their Breath For ECB Decision

04/04/2013 08:08

With the ongoing developments in Cyprus and the euro zone, Christopher Vecchio, currency analyst at Daily FX, believes there will be little movement in the euro today. Some ‘positive’ new »

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Morning Forex Review: Yen Tumbles On Shock BoJ Announcement

04/04/2013 08:01

Markets have been left reeling by a landmark announcement made at the close of a two-day policy meeting by the Bank of Japan (BoJ). At new BoJ governor, Haruhiko Kuroda’s first policy meeting, »

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VIDEO: The Dollar Still Set To Be 'Star Of The FX World' In Q2?

03/04/2013 16:36

Speaking at FOREX.COM's quarterly trading outlook, Kathleen Brooks, Research Director, shared her thoughts on the bullish case for sterling in Q2. But will Friday's NFP data support the greenback? »

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The Calm Before The 'Central Bank Storm'

03/04/2013 15:36

The FX markets are quiet and subdued post the Easter Holiday weekend, but it may be a case of  the calm before tomorrow’s “Central Bank storm”, which includes rate decisions fro »

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Pound 'Under Pressure' As Downbeat Data Stacks Up

03/04/2013 14:30

The GBP/USD regained some ground in trading Wednesday ahead of a US jobs report due for release later in the day.  However gains remained capped by a report which showed that the UK construction »

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VIDEO: Phoenix From The Ashes - FXCM's Brand New Trading Platform

03/04/2013 11:43

President of European Operations at FXCM, Brendan Callan, and Angus Irvine, Head of Retail on Exchange, tell us what's so great about Phoenix - a brand new platform for FX traders.  This new f »

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Euro Weakness On The Radar As Jobs Data Hits Home

03/04/2013 10:00

We have opened this morning with considerable weakness in the euro against the US dollar, as news has filtered out that European unemployment figures reach a record high in February. The numbers have »

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Morning Forex Review: Central Bank Decisions Drag On Markets

03/04/2013 08:37

Markets across the globe are holding their collective breath for decisions from some of the world’s most influential central banks. The Bank of Japan (BoJ) began its two-day meeting this mornin »

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US Factory Orders On The Up

02/04/2013 16:42

US factory orders for February showed a marked increase, data has shown this afternoon. Going some way to counter the softer-than-expected manufacturing data released on Monday, investors will now be »

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USD/CAD – Canadian Dollar Gains After Weak US Manufacturing Data

02/04/2013 16:04

The Canadian dollar continues to take advantage of weak numbers out of the United States, and has posted further gains in Tuesday trading. USD/CAD has lost over one cent in the past week, as the »

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Commodity Currencies Relish RBA Rate Hold

02/04/2013 11:10

The Reserve Bank of Australia in April’s meeting decided it was sensible to maintain interest rates untouched at 3 percent. In their report, the Bank noted that shortcoming in terms of worldwide »

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Morning Forex Review: Yen Reaps Rewards As Dollar Dips

02/04/2013 08:36

Questions have been raised once again about the strength of the US economy, as softer-than-expected manufacturing data surprised the markets on Monday. The Institute for Supply Management's Marc »

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Euro Finds Footing As Cypriot Banks Open Doors

28/03/2013 16:00

The euro has steadied amid lack of a bank run while Italy might have to settle for a caretaker government, writes Christopher Vecchio, Currency Analyst at DailyFX. High beta currencies and risk- »

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A Guide To… UK Forex Bank Holidays 2013

28/03/2013 15:43

Don't forget traders - tomorrow is a bank holiday!! Being able to keep tabs on the various public and bank holidays that occur throughout the year is an important aspect of forex education for trader »

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A Perfect Storm For Europe…

28/03/2013 11:24

As Cyprus declares aggressive currency controls, in effect creating a second class of euros, the Italian problems come back to the foreground. Hopes that it might be possible to form a government have »

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Morning Forex Review: Investors Seeing Double As Euro Splits In Two?

28/03/2013 08:43

  • Cypriot Banks Open For Business...ish
  • Capital Controls Creating 'Two Euros'?
  • VIDEO: Expert Opinion On Cyprus Crisis

Banks are set to open again in Cyprus this morning, with armed police on hand to prevent any desperate depositors from getting out of hand. Capital controls were put in place last night in a bid to p »

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Euro Strangled By Options, Cyprus And Holiday’s

27/03/2013 12:23

Greek and periphery borrowing costs are attempting to creep higher as investor’s fear over Cyprus dominates a strong performance in the US. On the other hand, the US investor seems to be overloo »

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Cyprus Bailout Deal Leaves Markets Unconvinced

27/03/2013 10:11

The Cyprus crisis continues even though the bailout has been agreed. In a measure that was reached, they have come to a conclusion that all deposits of over €100,000 will be hit by losses of over »

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Owning Euro’s Needs Convincing

26/03/2013 13:07

Good luck with your next bailout Europe – is most likely what the Russians are saying or at least should be. Watching EUR/RUB plummet yesterday in a hair’s breadth looked only to be the be »

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Cyprus Bailout Creating A New Precedent In EU‏

26/03/2013 09:45

Christopher Vecchio believes that the Cyprus bailout might be setting a new precedent for other weak Eurozone countries with taxing local savers, while bank runs across Europe still a possibility. Ge »

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A solution for Cyprus? The difficulties of making decisions in the euro zone

25/03/2013 09:47

A solution for Cyprus! Not necessarily the best solution possible for Cyprus, but it is a solution that prevents a disorderly collapse of the banking system and will keep the country in the euro zone, »

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Cyprus: A Tiny Country Causing Such A Big Fuss

21/03/2013 15:56

Even though Cyprus is tiny - and the amount of the bailout is minimal in the wider scheme of things - what are the ripple effects of the situation? John Kicklighter (pictured), Senior Currency Strateg »

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Q2 Trading Outlook: It's Time For Central Banks To Deliver - Kathleen Brooks

21/03/2013 13:32

Speaking at FOREX.COM's quarterly trading outlook earlier this week, Kathleen Brooks, Research Director, shared her thoughts on the bearish case for sterling in Q2, dollar strength on the horizon and »

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Flashing Red Data Knocks the Wind Out Of The EURO

21/03/2013 13:01

A few subtle threats and a lot of red flashing are attempting to erode the single currency’s recent resilience, writes Dean Popplewell (pictured), Director of Currency Analysis and Research at O »

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VIDEO: 'It's Hard To Find A Bullish Case For Sterling In Q2' - Kathleen Brooks

21/03/2013 10:40

Speaking at FOREX.COM's quarterly trading outlook earlier this week, Kathleen Brooks, Research Director, shared her thoughts on the bearish case for sterling in Q2. Click below to watch the full FXS Q »

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What Price Sterling…Did The UK Budget Help The Currency In Any Way?

21/03/2013 10:04

The euro’s rise against most currencies overnight raises a fascinating point:  does Cyprus matter to the markets? Marshall Gittler (pictured), Head of Global FX Strategy at IronFX, ponders »

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Morning Forex Review: Fed Fails To Surprise, Euro PMIs Could Disappoint

21/03/2013 08:14

The Fed served up no big surprises overnight, as the two-day FOMC meeting drew to a close. Interest rates were left to stand at historical lows, while the $85 billion in monthly bond-buying stimulus r »

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Where Is This EURO Short Squeeze?

20/03/2013 12:28

Euro policy makers have never made it easy for the 17-member single currency. From inception, the EUR has been trading against many odds, writes Dean Popplewell (pictured), Director of Currency Analys »

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Sterling Pop Higher Not Expected To Last ; Budget Looms

20/03/2013 12:16

Sterling jumped 0.3 percent to hit $1.5139 in the wake of Bank of England minutes which revealed that QE could lead to “unwarranted deprecation of sterling if it were misinterpreted as a lack of »

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Will The Fed Be Able To Push Cyprus Out Of The Spotlight?

20/03/2013 10:55

Last night Cyprus threw out the €17bn bailout deal, rejecting the proposed raid on savings in order to help recapitalise the banks and support state spending. The only real winner in all this do »

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Who, And What, Can Rescue Cyprus Now?

20/03/2013 09:25

Cyprus is dominating the markets after Parliament rejected the bank levy plan. With risk aversion rising, EUR/USD has fallen, stocks have fallen and gold is up modestly. But Asian stocks are mixed thi »

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Morning Forex Review: Cyprus - And The Euro - Under Pressure

20/03/2013 08:32

Traders are still in safe haven mode this morning, after a night of growing turmoil in Cyprus and spreading fear about the euro zone’s banking system. Last night the Cypriot parliament threw ou »

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Today EURO And Yen Are Both Losers

18/03/2013 12:32

What a shocker - the euro ‘powers that be’ are playing a high stakes game with some big questions lingering over the precedent they are trying to set. In some investor’s eyes, the is »

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Are You Ready For The Big Rotation?

15/03/2013 16:13

It’s been in the air for a while now, the big rotation - what investors like to call the process of switching bonds in favour of equities as interest rates go higher while the economy recovers. »

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Sterling recovers but for how long?

15/03/2013 15:04

As the markets continue to climb, sterling continues to fall although yesterday it did receive a boost from Sir Mervyn who mentioned that he thought the pound had reached a fair value following months »

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Why is ‘Consumer Sentiment’ Important To Forex Traders?

15/03/2013 09:25

Consumer spending accounts for more than two-thirds of the economy, so the markets are always dying to know what consumers are up to and how they might behave in the near future. The more confident co »

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What Has The Euro Got To Counter The Mighty Dollar?

14/03/2013 12:12

So far, equity markets are grinding higher, pushed by better-than- expected U.S. data resisting fiscal headwinds. Rates have re-emerged as a major driver of currencies. The ECB may yet cut rates but t »

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Morning Report - Ireland Nearly Back In The Game

14/03/2013 10:02

All fairly quiet on the European front yesterday, despite industrial production figures from the region posting bigger declines than expected. The key production figure showed a 0.4% decline on avera »

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US Retails Sales Upbeat

14/03/2013 09:49

Yesterday we had strong US retails sales which follows the positive payroll numbers from last Friday and continues the good run for US economic data. The positive feedback in retail sales was relative »

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Morning Report From CM Trading: All Eyes On The Pound

13/03/2013 10:28

Yesterday's big move in the markets was once again down to the British Pound. Investors bets were proved right when industrial production numbers fell to a near 21 year low. January's numbers meant a »

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FTSE rallies amidst weak UK data

13/03/2013 09:56

In keeping with the positive non-farm payroll figures released on Friday, the US markets are upbeat about their economic recovery. Sales at US retailers rose for a fourth consecutive month, analysts p »

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Morning Forex Review: Red Alert! Redbook On The Way

12/03/2013 08:10

Consumer spending accounts for two-thirds of the economy, so if you know what consumers are up to, you'll have a pretty good handle on where the economy is headed. Needless to say, that's a big advant »

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Sterling Still The ‘Whipping Boy’ For Most Currencies

11/03/2013 10:37

  • Sterling Near 2 1/2 Year Lows
  • US Jobs Data Keeps Dollar In The Driving Seat
  • Further Sterling Weakness On The Way

The GBP/USD plunged to fresh lows at $1.49 Monday morning, spurred on by Friday’s surprise jobs data and a gloomy outlook for the sterling. But despite being close to two-and-a-half year lows, »

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NFP Figures Cause A Stir - Greenback Soars Against Most Peers

08/03/2013 14:05

In a move that may have comes a surprise to many economists and investors alike, the US added 236k jobs in February, with the unemployment rate declining to 7.7 percent, according to a Non-Farm Payrol »

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Some Banks Play Pretend, Others Buy Gold

08/03/2013 09:19

Head of research at The Real Asset Company, Jan Skoyles (pictured), rounds up Thursday’s central bank action and considers the impact on gold prices. Gold futures rose early Thursday, thanks to »

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Morning Forex Review: Picking The Bones Out Of ‘Central Bank Thursday’

08/03/2013 08:08

  • BoE, ECB Deliver No Surprises
  • Analysts Remain Convinced By The Case For UK QE
  • Jobs Report Predictions

So-called ‘Central Bank Thursday’ certainly lived up to its name with three of the world’s biggest hitters delivering verdicts about interest rate and stimulus packages yesterday. Bu »

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ECB And BoE Spring No Surprises

07/03/2013 15:04

The ECB opted against a rate cut in its March meeting, as expected, as Draghi continued to stress the importance of fiscal responsibility in getting the euro zone economy growing again, writes Craig E »

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NFP Panel Braced For Disappointment

07/03/2013 14:03

If you just take the numbers at face value, February’s Non-Farm Payrolls (NFP) report is not expected to differ greatly from January’s result. However, talking to analysts from within the »

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Morning Forex Review: Banking On A Win?

07/03/2013 08:24

  • Dollar Index Up In Risk-Off Markets
  • BoJ, BoE and ECB Prepare To Make Waves
  • German Factory Orders Threaten Euro

Global currency markets saw a distinct turn towards risk-off trading yesterday, as US data continued to show resilience against a backdrop of euro zone strife. US growth continued to improve in Janua »

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EUROs ‘House-of-Cards’ Needs a Weaker Unit To Survive

06/03/2013 13:48

It feels a tad unusual, but with so much noise of late in the different asset classes, this morning’s financial markets are relatively calm, writes Dean Popplewell (pictured), chief currency ana »

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A G’Day For The Aussie Dollar!

06/03/2013 10:00

In what comes as more than a bit of a surprise, considering ongoing uncertainty over US sequestration (budget sequestration is a procedure in United States law that limits the size of the Federal budg »

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US Services Expand At Fastest Pace In A Year – What Does It Mean For The USD?

05/03/2013 16:11

  • US ISM At 56 In Feb From 55.2 In January
  • ‘By No Question’ A Positive Number
  • Can The USD Strength Last?

Standing in stark contrast to downbeat reports out from the euro zone this morning, reports from the US paint the picture of a services industry in bloom. The Institute for Supply Management said its »

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Buy EURO Rumor; Sell Hard Fact, Tact Worth Preserving?

05/03/2013 13:28

If the euro story were confined to Germany, the shared 17-member currency unit would be a keeper. However, German services PMI is only ‘a ray of sunlight amidst the gloom.’ Euro economic d »

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Euro Zone PMI Data

05/03/2013 09:03

The euro zone Composite PMI figure has come in above expectations, with February's reading at 47.9. Analysts had expected to see a figure of 47.3, with markets pleasantly surprised by today's data. »

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Twitter Tells Us Italy Is In For A Downgrade

04/03/2013 17:00

As the afternoon has worn on, talk of an Italian downgrade has been rife amongst traders on social networking site Twitter. Presumably the rumour has come as a result of the undesirable political dea »

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TECHNICAL ANALYSIS: AUD Tests Key Support As Australia Wobbles

04/03/2013 16:48

Australia has been one of the few global economies to have emerged relatively unscathed from the current financial crisis.  Rich in natural resources such as iron ore and gold, to which can now b »

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VIDEO ANALYSIS: February Patterns Provide Direction For 2013

04/03/2013 15:22

Gregor Horvat takes a look at a number of different markets for the month of February, using pattern-identification and analysis to determine which way the markets are headed for the rest of 2013.&nbs »

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Central Banks Get To Play The Tune This Week

04/03/2013 13:04

This is a tough week on the news front, with data coming fast and furious before peaking with the release of the “granddaddy of reports,” US non-farm payroll headlines on Friday. However, »

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Neutral On European Currencies And Bearish On Yen

04/03/2013 10:03

Forexspace contributor and independent FX consultant, Lior Alkalay, takes some time out to review his predictions over the last few months - and finds that he was pretty spot on! So how should you pla »

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Gold Rebounds On Weak Global Picture

04/03/2013 09:34

Gold found renewed strength Monday morning, bouncing off a one-week low hit at the end of last week as economic data signalled that injections of central bank stimulus are likely to be maintained »

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Morning Forex Review: Euro Zone Crisis Marches On; Dollar Back On Top?

04/03/2013 08:26

Investors can expect a more subdued start to their week, in terms of economic data at least, compared to last week’s opening frenzy. But setting the tone for the week – which should see eu »

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PODCAST: Can Investors Still Trust Central Banks?

01/03/2013 15:54

Regular visitors to the site will recognise Jan Skoyles as an authority on the subject of precious metals, gold in particular. In a recent article, Skoyles explained why central banks are saying&nbsp »

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All hands on deck – rough waters ahead for the pound‏

01/03/2013 10:37

The pound has been the whipping boy of the currency markets since the turn of the year. Recent declines in sterling are arguably justified given the uncertain outlook for the UK economy over the next »

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USD/INR: Rupee Suffers On Tax Hike

28/02/2013 10:23

India’s Finance Minister Chidambaram pulled no stops when he said that India must embrace growth “unhesitatingly”. To meet growth targets, public spending will be 16 percent higher i »

VIDEO INTERVIEW: Jannick Malling - The FX Industry Is About To Change Forever

28/02/2013 10:11

(Feb 28) Jannick Malling, CEO and co-founder of new app-based online platform tradable, shares his thoughts on the future of FX trading technology. Interview by Forexspace.com arkets writer, Sarah Cox »

Video Interview: Tom Hougaard - Golden Rules For Profitable FX Trading

28/02/2013 09:42

(Feb 27) Tom Hougaard, Chief Market Strategist at WhichWayToday, discusses his own trading strategies and the challenges facing retail traders in 2013. Interview by markets reporter, Anthony Strzalek. »

Video Interview: Zak Mir - Why You Should Be A Technical Trader

28/02/2013 09:36

(Feb 28) Zak Mir, technical analyst with over 20 years experience, tells us why a technical approach to trading is the only way to go if it's profit you're after. Interview by markets writer, Sarah Co »

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Anyone For Sterling?

27/02/2013 15:37

  • UK GDP HELPS STERLING HOLD STEADY-ISH
  • GBP’S OVERALL DIRECTION OF TRAVEL STILL SOUTHWARDS
  • TALK OF NEGATIVE INTEREST RATES MAY STILL WEIGH

Even through sterling held reasonably steady today, most market watchers believe the hard-pressed British currency is likely to continue its slide. As of the time of writing, on the cable chart, sterl »

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Central Bankers Say 'Screw You' To Savers

27/02/2013 13:22

Gold is currently holding close to a 1 ½ year high having reached it yesterday following political uncertainties in Italy and Bernanke’s testimony. Yesterday saw the best performance of »

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Bernanke and Draghi Likely To Face Some Tough Questioning Today

27/02/2013 10:19

  • Fed Policy In The Spotlight
  • Near-Term EUR/USD Resistance Area Remains 1.3120-50
  • Super Mario Flies In

Whilst the euro mulls over the Italian debt auction, today looks like being another frenetic day, with a number of economic data releases due. First up, German Gfk consumer confidence for February, wh »

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Grande Illusions In A World Of Austerity - You Gotta Be Joking!

26/02/2013 17:14

  • Bernanke Testimony Under Way
  • EUR/USD Maintaining Bearish Stance
  • Hail Great Britain - The NEW Safe-Haven!

As Italian confusion continues to pull the euro in the region of 1.3017, the level against which it hovered versus the USD earlier today, topsy-turvness looks set to prevail while the day’s main »

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USD/JPY Get A Pop On Speculation That Big Ben Will Keep The Pedal To The Metal

26/02/2013 15:38

  • All Eyes On Bernanke
  • Fed Warns Against Implementing Slated Spending Cuts
  • Doves To The Fore

As we await Fed boss Ben Bernanke’s appearance on Capitol Hill, US stocks have heading higher, with the Dow Jones bucking the wider trend in registering a 67-point raises to 13854 in the America »

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Online Poll Suggests Investors See More GBP Weakness On The Horizon

26/02/2013 09:55

  • Barclay’s Stockbrokers Poll: 47% Of Investors See Further GBP Weakness
  • GBP/USD Regaining Ground
  • UK Plc To Recover Late 2013?

As markets continue to digest news of the UK’s downgrade and Chancellor George Osborne stands firm on his austerity stance, the outlook for sterling is looking increasingly shaky according to in »

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Italian Exit Polls Suggest Lead For Centre Left - Or Do They!

25/02/2013 16:04

  • EUR Trades Up On Italy News
  • Traders Like The Look Of Bersani
  • Monti Could Still Hold The Balance - But Could Berlusconi Still Win?

Whilst we await the official outcome of the Italian elections, where the turnout is reported to have been lackluster at best, outlying results are already filtering though from the initial exit polls, »

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Sterling On The Back Foot - Going Forward!

25/02/2013 15:08

  • GBP Slides Over 0.5 Percent Vs EUR
  • Further Short-Term Sterling Falls Inevitable
  • “Hang On To Your Silver!”

We’ve stood by today as sentiment around the British pound looked decidedly depressed. Not all the fault of Moody’s, of course: some late bearishness has been impinging any attempt of reco »

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JPY Stumbles On Rumors Of New BoJ Head

25/02/2013 11:58

  • Yen Touches 33-Month Low Vs USD
  • Yen Bears Still Need To Stay Vigilant
  • All Eyes Now On Italian Elections

In the wake of the much-vaunted UK credit rating downgrade, there was expectation that sterling would come under heavy-weight selling pressure in early trading; but actually, as Kathleen Brooks, resea »

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Sterling Succumbs To The Moody’s Blues

25/02/2013 08:56

  • UK Credit Rating Downgrade A Question Of Not If, But When
  • GBP Tumbles On Moody’s News
  • But Is It ALL Bad?

Who can forget the Moody Blues - that legendary English rock band of yore, whose innovative mash-up of fusion and classical music culminated in their 1967 album, Days of Future Passed, replete with th »

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TECHNICAL ANALYSIS: USD/CAD Finally Manages To Break Away From Parity‏

21/02/2013 14:54

The USD/CAD appears finally to have found the much needed momentum to break away from parity, ending yesterday's trading session with a wide spread up bar to close at 1.0165 and breaking above the res »

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Cable Holds Steady At 1.5260 On Mixed UK Data

21/02/2013 13:53

  • UK Public Finances Show Near-Record January Surplus
  • Chancellor Osborne Still Has ‘Little Wriggle Room’
  • GBP Looking Particularly Vulnerable Over The Coming Weeks

Cable has been lurching all over the place in trading today, with sterling erasing its earlier losses after falling down to as low as 1.5133 in late Asian session. However, as the London morning unfol »

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Sterling Gets Pounded Beneath One Almighty Big Dove!

21/02/2013 09:35

  • GBP Hits 15-Month Low Vs EUR
  • MPC Sparks Widespread Sterling Sell-Off Against Major Currencies
  • King & Co - Along With GBP - ‘Clearly Feeling The Heat’

Emphasising the ‘tale of two minutes’ syndrome played out on either side of the Pond yesterday, the US dollar further extended its recent gains on the release of the Federal Reserve’ »

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Saxo Bank Launch New Trading Platform For MetaTrader Users

20/02/2013 16:36

Due to high demand for the online investment bank’s MetaTrader 4 trading application, Saxo Bank is re-launching the platform under a new name, SaxoMT4.  The re-vamped SaxoMT4 is designed t »

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GBP Goes All Weepy Over The Prince Of Kings

20/02/2013 12:46

  • Sterling - “If It Was An animal, The RSPCA Would Be Getting Involved”!
  • BoE split 6-3 Over QE
  • King & Co Vote In The Dissenting Camp

This morning served up the sight of sterling falling through the floor versus practically all of its principal counterparts, including the Japanese yen. The latest Bank of England Monetary Policy Comm »

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Morning Forex Review: GBP/USD Pinned Down Under Two Minutes’ Warning

20/02/2013 08:34

  • Sterling Around 1.5440 Ahead Of Fed And BoE
  • Euro/Dollar Holds 1.3430 On German CPI
  • FOMC Eyed For Signs Of Reining In Asset Purchase Scheme

We open today in a mood of jittery expectation in advance of a three-line whammy comprising a brace of major central bank minutes and a possible credit rating downgrade. More of which in a moment. Fir »

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Heads Up For A Downgrade!

19/02/2013 16:07

Sterling finds itself under renewed pressure as the possibility of a ratings downgrade (as imminent as this week, according to some) looms ever larger. If indeed the UK does lose its AAA credit ratin »

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Sterling - Any Port In A Storm!

19/02/2013 12:41

  • Temporary Relief Gives British Currency A Breather
  • GBP Sell-Off Sure To Resume
  • Tomorrow’s MPC Minutes Unlikely To Boost Sterling

The recently hard-pressed British pound has enjoyed a modicum of respite as markets take a breather from shedding exposure not just to the currency itself, but also to UK gilts. Hence, sterling edged »

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German ZEW Investor Sentiment At 34-Month High

19/02/2013 10:58

  • Euro Prints Fresh Highs On Back Of Confidence Data
  • ZEW Should Ensure The Market Gets A Sense Of Direction
  • Data Should Nonetheless Be Treated Carefully

This morning’s early European trading saw single currency zone shares edge higher and the euro itself held relatively steady ahead of the much-anticipated German economic sentiment data. Followi »

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TECHNICAL ANALYSIS: CAD/JPY Makes Choppy Advance

19/02/2013 10:43

Bullish advancement in CAD/JPY has not been as smooth as Canada’s North American counterpart USD/JPY. CAD has seen some volatility itself which caused a few bumps and pullbacks along the way. U »

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Gold Grinds Higher On Chinese Bargain-Hunting

19/02/2013 10:01

  • Gold Up 0.14 Percent As Chinese Return From Holiday
  • Fillip Should Be Short-Lived
  • Investors Eye US Data

Gold prices continued to inch up Tuesday, spurred on by strong physical demand overnight in Asia as traders returned from a week-long break following new year celebrations. On returning to their trad »

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JPY Bares Its Teeth Overnight After Japanese FinMin Rolls Back On The Rhetoric

19/02/2013 09:45

  • USD/JPY Selling-Off On Taro Aso Remarks
  • Strongly Bearish Sentiment Afoot
  • Euro Eases Vs JPY

The Japanese yen wound up the Asian session trading in pole position after the country's FinMin Taro Aso insisted that Japan harboured no such plans to purchase foreign bonds through the country's fun »

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Currencies Gird Their Loins Into A Big Week For Data

19/02/2013 08:44

  • Week Gets Going Proper After Yesterday’s Pause For Breath
  • Econ Sentiment Data For Germany And EZ Out Today
  • JPY Still Tanking

We’ll be in for a bit more volatility today as the markets settle back in to their stride following the Asian Lunar New Year break and US President’s Day shut down. Nonetheless, equity fut »

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The Yen And Mrs Watanabe

18/02/2013 16:35

  • Abenomics - Whither AUD/JPY?
  • Yen Poised On The Cusp Of A Further Big Dipper
  • It’s Now All About The Next BoJ Big Cheese

We’re indebted to the ever-insightful John J. Hardy, head of FX strategy with Saxo Bank, who has treated us to a must read today courtesy of FTAlphaville. In it, Hardy quotes research citing Jap »

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‘Toothless’ G20 Paves The Way To Renewed Yen Weakness

18/02/2013 10:59

  •  Yen Continues Downwards
  • Draghi Speaks This Afternoon
  • Reserve Bank Minutes Eyed For Later This Week

Although the Asian markets have gotten back into the fray today after their fallow period of Lunar New Year holidaying, it nonetheless looks likely to be a quietish day today. Apart from kicking over »

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Yen nears 33-month low as Japan avoids direct G20 criticism

18/02/2013 09:56

  • Final Communiqué Stokes Yen Weakness
  • Abe Comments Raise The Stakes
  • JPY’s Next Move Depends On New BoJ Guv’nor 

Having escaped direct criticism by the G20’s final communiqué, Japan’s currency has continued to weaken across the piece. Currently marching towards a 33-month low against the USD, »

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Oil Forecast: 18th February 2013

18/02/2013 09:45

WTI Crude Oil was predicted to sell off on Friday & we saw sharp losses for a retest of Feb lowsat 95.06/94.97. We bounced just above here & with short term oscillators flashing over sold wecould hold »

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JPY Bears Go Nuts Over G20 Outpourings

15/02/2013 14:17

  • USD/JPY takes Wings on G20 US data
  • Leaked Draft Of G20 Statement Puts Pressure On Yen
  • JPYUSD Likely To Grind Higher Once G20 Out Of The Way

With the G20 meeting fully into its stride in Moscow, comments from various officials continue to flow thick and fast. Remarks such as those from Japan’s central bank governor Shirakawa have cau »

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FX Market Braced For Bluster And Brickbats On G20’s Second Day

15/02/2013 11:45

  • USD Trims 0.5 percent To 92.46 JPY
  • Euro Dips to 2-Week Low of 123.10 JPY
  • BoJ’s New Governor-Elect: Announcement Expected Soon

This morning’s activity centering on the G20 meeting in Russia has given rise, literally, to a firming of the Japanese yen. This is been  driven principally by market participants bracing t »

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UK Economy Gradually Improving Despite Struggling Sterling

15/02/2013 10:49

The British currency has been on a bearish trend since late December as a veritable slew of negative data permeates the market and disrupts economic growth. Poor retails sales and high inflation conti »

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G20 To Spark The Next Move?

15/02/2013 10:41

  • EUR/USD 40 Pips Higher On
  • JPY Correcting Stronger In Wake Of G20 Draft Communiqué
  • Sell The Rumour

The general opinion around the G20 meeting currently underway in Moscow is its test of where global markets stand as the currency war theme links directly to the developments in risk appetite as well. »

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Morning Review: Euro Wobbles As Worrisome Data Sparks ECB Rate Cut Speculation

15/02/2013 09:34

  • Morning Pullback On Weidmann’s Words
  • Euro/Dollar Pops To 1.3380
  • Bubba’s Hard Talk Restores Calm

Global shares received a major fit of the jitters yesterday following news that the single currency bloc's two largest economies, France and Germany, posted contractions by more than expected over Q4 »

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The Parallels Between Love And Gold: A Valentine's Day Report

14/02/2013 11:41

With both the price of gold rising and Valentine’s Day on the way, Jan Skoyles looks at the economics behind love and gold investment, and finds they’re not all that different.  Gold »

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Get Free Tickets For The London Investor Show

13/02/2013 16:16

The London Investor Show FOREX takes place on 22nd February at London Olympia, and Forexspace.com has teamed up with the organisers to offer you the chance to claim a FREE ticket worth a total of&nbsp »

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King’s Swansong Triggers Volatile Sterling Move

13/02/2013 11:33

  • Cable Dips Beneath Support In Wake Of BoE
  • Euro Rallies Above 0.8640 Vs GBP
  • King Says “Larger Doses Of Stimulus Required”

Mervyn King treated us to a predictably dour exposition of the UK’s economic health at the final press conference of his Bank of England (BoE) tenure this morning. The release of the quarterly »

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Sterling Circles The Mid-1.5600s Ahead Of BoE Inflation Report

13/02/2013 09:45

  • US Retail Sales Expected To Disappoint
  • UK BoE Inflation Report Likely To Provide A Lively Finale For Mervyn
  • CBI Refute Triple-Dip Claims

Apart from the release of January’s retail sales for the United States of America, today’s economic calendar is once again pretty thin. Thus, as we await to see if those US consumer survey »

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Morning Forex Review: Yen Takes To The Stars On G7 Rocket, Despite North Korean Missile Launch

13/02/2013 08:57

  • JPY Soars On Conflicting Interpretations Of G7 Communiqué
  • Draghi “No Such Thing As Currency War”
  • Obama - Same Old Same Old

Along with traders’ physiological health, the yen fluctuated wildly yesterday, rebounding from multi-year lows and reversing the previous day's late sell-off against the US dollar and euro. The »

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JPY Surges Vs USD & EUR AS G7 Gets Lost In Translation

12/02/2013 15:26

  • G7 Has An Almighty D’oh Moment
  • Euro Wipes Its Brow
  • Japan WILL Be In Spotlight At Moscow G20… OFFICIAL!

As a busy day unfolded for the EU, the single currency firmed to a fresh 5-day high against the US dollar. The euro’s re-emboldened move is seen to have been supported principally by crosses, a »

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Uneasy Lays The Economy That Bears The Krona

12/02/2013 11:27

Investors seem to have had an unlimited appetite for Swedish Krona since the debt crisis began…and it is little wonder. The biggest economy in Scandinavia, Sweden has continued to attract risk- »

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Yen Dips On Brainard’s No-Brainer

12/02/2013 11:11

  • USD Pops Up To A High of Y94.42
  • Spectra Of Currency War Looms
  • Korean Nuclear Test Weighs On The Yen?

Underlining the high degree of volatility ahead of the G20 and the Bank of Japan meeting at the tail end of this week, the JPY hovered near its lows against the USD and EUR overnight, sent spinning on »

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VIDEO: Nick Beecroft On Currency Wars Ahead Of The G20

12/02/2013 09:33

As a regular expert commentator to this site, Nick Beecroft has become a familiar face to regular visitors to the FXS video section. An appearance on Bloomberg TV earlier this morning, however,  »

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Morning Forex Review: Euro On The Bounce After Weidmann’s Currency Comments

12/02/2013 09:04

  • Fundamentals To The Fore
  • Key Euro Drivers Explained
  • Single Currency Still Susceptible To Sentiment

As yesterday’s closure in the Asian markets for the Lunar New Year holiday combined with an overall lack of noteworthy market news and data, traders have been enjoying some leeway to blend their »

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Brazil’s Central Bank Eyes The Real Appeal

11/02/2013 13:23

  • Damp Squibs At The Ready Ahead Of Moscow G20
  • Currency War Chatter Ramping Up
  • Brazilian FinMin Gets Real

We have a pretty quiet day on the data front today, kicking off what looks like developing into a tasty week. The Eurogroup scheduled for early this afternoon will be worth keeping an eye on, principa »

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2013 Will Belong To Asia

11/02/2013 12:21

Last week we witnessed yet another positive surprise from China, with almost all data from the Asian superpower showing tentative improvement. The HSBC PMI Services index jumped to 54 from 51 last mo »

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Technical Analysis: AUD Looks Bearish Against USD and EUR

11/02/2013 11:44

Asian stocks lower today while many regional markets were closed for the Lunar New Year holidays. Australian stocks closed down for around -0.2 percent after worse than expected Home Loans numbers (-1 »

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Morning Review: Sterling Back In Race After A Week Of Correction And Reversal

11/02/2013 09:40

  • Euro Feels The Squeeze
  • JPY Gets A Jog-On
  • Dollar-Bloc Picks Up the Pace

Of all the major currencies to spring a surprise, last week saw something of a significant reversal when the recently resurgent euro suddenly found itself out-performed by the hitherto hidebound yen. »

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The Yen Fights Back - But Can It Last The Match?

08/02/2013 16:09

  • USD/JPY Down 0.90 Percent On The Day
  • Weak JPY Readings Paint Risky Picture For Yen Bulls
  • Seasonal Factors In Favour?

After a seemingly unstoppable decline against the US dollar in recent weeks, the yen finally burst higher in trading on Friday. The USD/JPY is currently down 0.90 percent on the day, at 92.75 on curr »

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Euro Struggles For Traction Despite China Data Lifting Wider Market Sentiment

08/02/2013 12:07

  • Euro Hits $1.33705
  • EUR Finds Draghi A Drag
  • China Import/Export Market Gives Global Economy A Boost

Having paused yesterday for the ECB rate announcement and Draghi’s appearance before the press, Asian shares and many of the safe-haven currencies resumed their rally in this morning’s ses »

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Currency Wars: Time To Pile In

08/02/2013 09:14

  • Morgan Stanley - Currencies ‘Increasingly Part Of The ‘Policy Debate’
  • Fear Creeps Back Into The Frame
  • JPY Slide Not Allowed To Reverse

Asian shares and the euro paused from their recent rally yesterday as market participants drew in their horns ahead of the ECB’s policy meeting and President Mario Draghi's press conference »

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Morning Forex Review: Euro Quakes On Draghi’s Roar While GBP Compares The Meerkat.com!

08/02/2013 09:02

Market sentiment continues to resonate on yesterday’s utterances from two distinct alpha-males. Like some David Attenborough wildlife documentary where the camera crew - having hidden themselves »

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Never Mind The Rate - It's Eyes On Draghi This Afternoon

07/02/2013 09:33

The euro has turned distinctly bearish this morning ahead of a hotly awaited announcement from the European Central Bank (ECB). Higher-yielding assets such as crude oil and the Aussie dollar have made »

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Morning Forex Review: Euro Pares Losses In Wake Of German Comments Ahead Of Today’s ECB Meeting

07/02/2013 08:31

  • Plenty Of News To Titillate The Markets
  • Franco-German Euro-Overvaluation “Tittle-Tattle” Gathers Steam
  • Sterling Winces While Carney Waits In The Wings

Yesterday’s somewhat subdued and range-bound trading scenario while the market prepared itself for today’s ECB meeting allowed the focus to dwell on forex news events. Thus, as the UK »

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Alpari Co-Founder Launches New Cyprus Based Broker

06/02/2013 16:43

ForexTime, which was set up by Alpari Co-Founder Andrey Dashin in December has now officially been launched and has begun to accept clients.   Last month Alpari closed its Cyprus office with th »

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Euro Bounces Back From Earlier Sell-Off

05/02/2013 15:16

  • EUR/USD - From Headless Chicken To Raging Bull
  • GBP Gets A Glimpse Of The Good Life
  • Nordic Export Economies Buoyed By Latest EZ Data

What a difference 24 hours can make. This is especially so in the case OF euro zone sentiment, where the febrile fringes merely have to show the slightest hint of fraying for talk of wholesale unravel »

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Euro Bulls Seeking Exit In Cautious Trade

04/02/2013 12:14

The euro fell against a basket of currencies this morning, as investors reacted to unnerving reports and downbeat data from the euro zone. Dean Popplewell, Chief Currency Startegist at OANDA, gets a h »

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Euro On The March As Single Currency Zone Data Suggests A Stabilizing Trend

01/02/2013 12:03

  • A New Month With Trending In The Ascendency
  • EUR And JPY Continue To Head In Wildly Opposite Directions
  • Where Will Dollar/Yen Be By End Of Play?

The fragile calm which hung over the foreign exchange market as January came to a close proved to be something of a Damoclean sword. The signs were always there, of course, with some pretty sizable mo »

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Morning Forex Review: Euro Riding The Wave As US Jobless Data Heaves Into View

01/02/2013 09:00

The first day of a new month and the euro powers forward, riding high atop the crest of the Elliott Wave that has investor sentiment firmly in favour of the shared currency. Having risen 0.3 percent »

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USA GDP Weighs Heavy On Greenback As FOMC Awaits

30/01/2013 16:17

The focus remains on the clock face as the hands tick inexorably towards 14.15 hundred hours EST. As we await the Fed’s much anticipated statement, there’s been plenty to light up the trad »

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Euro/Sterling – Trading On The Technicals With An Eye To Parity Down the Road

30/01/2013 13:11

  • Euro/Dollar Smashes Through Psych Level
  • USD Selling Looks Set This Afternoon
  • Whither EUR/GBP?

Having at last pushed through the 1.3500 psych level, euro/dollar looks set to plough on into the upcoming busy US session. The pair continued on its path of extending gains during the European mornin »

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Euro Shrugs Off The Pain In Spain

30/01/2013 11:26

  • Spanish GDP data Worse Than Expected
  • EUR Hits $1.35 Vs USD
  • EUR/GBP Rallies To 0.8590

While the US is going to be under the spotlight today, and chewed over ad vomitum, it’s also been pretty busy in Europe this morning. The euro hit its highest level in over a year on Wednesday a »

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The Euro Rally Is Not Over Yet...

30/01/2013 10:42

  • Euro At 14 Month High
  • Is The Rally Over?
  • On FX Trading Platforms Today…

The euro soared to its highest level in 14 months on Wednesday, buoyed by fresh hopes for the future of the single currency bloc.  The EUR/USD is currently trading up 0.25 percent on the day, at »

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Editor’s Morning Forex Review: USD Hits Two-And-A-Half-Year High Vs JPY

29/01/2013 09:03

  • Selling Yen Still The Only Game In Town
  • USD Touched An Overnight Low Of 90.40 JPY
  • European Data Today Kicks Off With Yet More Pain In Spain

 

The Markets calmed overnight with an uptick on the VIX fear gauge combined with a rise in Chinese equities, registering the principal moves. As we reported, yesterday’s US data came out mixed, w »

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Strong German Business Confidence Has EUR/USD Heading Higher

25/01/2013 11:43

The euro has advanced to its highest level in over a year against the dollar as German business confidence improved and ahead of the ECB's announcement of how much of its three-year loans financial in »

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Editor’s Morning Forex Review: Cable On Course For 1.5800 Ahead Of UK GDP

25/01/2013 08:52

  • Fourth-Quarter Figures Eyed
  • Sterling Holds Its Nerve - Just
  • UK Triple-A Still In The Firing Line

A big day today for the UK, and one moreover which Chancellor of the Exchequer George Osborne will have had underlined in red biro for some time. Or perhaps not in red biro, for a leak yesterday doing »

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Brokers Must Adapt Or Die: An Interview With Saxo Bank CEO Kim Fournais

24/01/2013 15:35

Few would dispute that mobile technology is here to stay. But as businesses wake up to the reality of what becoming truly mobile means, the well-worn boardroom cliché ‘adapt or die’ »

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Yen Traders – Keep Your 10-Foot Barge-Poles At The Ready!

24/01/2013 15:27

  • Yen Comes Under Increased Pressure
  • Dollar/Yen Pushing Back Above SMAs
  • USDJPY: 100 “No Big Beal” Says Japan Trade Minister

A look at the hourly dollar/yen chart gives clear indication of the price rapidly pushing back above the 100- and 200-SMA's, with indicators heading north in overbought territory. Thus we’ve see »

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