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Aussie Broadly Lower As Investors Tread Carefully

07/01/2013 09:49

  • Aussie At 1.503 After Drop In Early Hours
  • US Data And Minutes Weighing On US Recovery Prospects
  • Analysts Expect Resistance At 1.525/1.530

The Australian dollar was trading lower against the greenback Monday morning, as investors remained edgy in the wake of Friday’s lukewarm non-farm payrolls report. AUD/USD hit a session lo »

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Editor’s Morning Forex Review: USD Still Gaining Vs JPY Ahead Of US Earnings Season

07/01/2013 09:10

  • Fiscal Cliff Deal Boosts Equity Markets… For Now
  • Dollar/Yen - Break Above 88.15 Should Prompt 89.0, Followed By 90.0
  • Euro And GBP Both Down Against the USD

After a lot of sideways trading last week, global stock markets are opening flat this morning in the wake of wide-spread scepticism over the US fiscal cliff deal setting in. With fiscal cliff # 2 not »

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November US Factory Orders Remain Unchanged

04/01/2013 15:20

Orders for factory goods remained unchanged in November, disappointing expectations for a rise of 0.4 percent. The flat results come after the economy saw a 0.8 percent rise in October Manufacturing »

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Canada In For A ‘Bumpy Ride’ Despite Upbeat Jobs Data

04/01/2013 14:56

  • Loonie Makes Slight Gains Versus Dollar
  • Canadian Jobless Rate Falls Unexpectedly
  • A Confusing Picture For The US

Canada faced stiff competition for headlines today, as the markets became gripped once again by US non-farm payroll fever. But the home of the Loonie has released some of its own unemployment data tod »

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US Dollar Retreats From 29-Month High Vs Japanese Yen On Non-Farm Payrolls Release

04/01/2013 14:33

  • NFPs Come In With Few Surprises
  • Greenback Weakens A Tad Vs Major Currencies
  • End Of The World NOT Nigh!

The lion’s share of today’s attention remains focused keenly on the USA. Not just in terms of the on-going fall-out from kicking the fiscal cliff can down the road, but the all-important e »

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Australian Dollar Still Under The Greenback Boot

04/01/2013 11:59

  • AUD/USD Down 0.57 Percent
  • Chinese Data Weighs On Aussie Sentiment
  • Eyes On Non-Farm Payrolls

The Australian dollar continued to lose ground against the greenback Friday, as disappointing Chinese data weighed on prospects for the commodity currency and hopes for the US remained buoyed. Curren »

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Cable At 100-day MA In The Wake Of Disappointing UK Data

04/01/2013 11:30

  • Sterling Drops By 0.4 Percent
  • Slew Of Data Provides Mixed Signals Ahead Of US Non-Farms
  • 10-Year Gilts Show Britain’s Borrowing Costs Now Higher Than France

This morning we saw the UK Market Purchasing Managers Index survey turn contractionary in December, from 50.2 to 48.9. The figure disappointed the prior consensus of 50.5, thereby doing little to lift »

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Non-Farm Payrolls Panel Poised For A Bullish Print

04/01/2013 10:54

  • NFP Data Due Out 13:30GMT
  • Jobless Claims Set Ominous Precedent?
  • Major Moves Expected For 200+ Print

As markets continue to digest FOMC minutes that appeared to shine a light through cracks in the Fed’s asset purchase program and highlight member concerns over open-ended stimulus, eyes are turn »

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Editor’s Morning Forex Review: US Fed’s FOMC Minutes Indicate Aspiration To Bring Asset Purchases To A Close

04/01/2013 08:42

  • Fiscal Debacle Still Weighing On Sentiment
  • EUR/USD Lower For 5th Consecutive Day
  • Focus Now Turns To US Non-Farm Payrolls

Global markets are opening lower today off the back of some decidedly hawkish comments released late yesterday by the US Federal Reserve in its December FOMC minutes. Bernanke addressed the topic »

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Oil On The Slide As FOMC Eyed For Treasury Purchase Extension

03/01/2013 16:01

  • Treasuries Under The Cosh
  • Greenback Outlook Hinges On Fed Minutes?
  • Friday NFPs Also In Focus

US stocks kicked off the North American session a tad lower today as Wall Street retreated following its biggest jump in more than a year on concerns that American policy-makers still have a mountain »

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FOMC Minutes In Focus; Dollar To Face Pressure?

03/01/2013 15:45

  • Dollar Ascent Set To Do A 180?
  • FOMC Minutes To Take A Dovish Tone
  • Mixed Data Keeps Analysts Guessing

The dollar has continued to benefit from a day of risk aversion, with investors retreating from (what now appears to have been) a premature assumption that all was well in the US of A. The greenback, »

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Dollar Ticks Lower On Higher Than Expected Initial US Jobless Claims

03/01/2013 14:18

  • 372K Americans Now Filing For Unemployment
  • USD Drifts Against Major Rivals
  • FX Expert Predicts “Messy Two Months Ahead”

As the final vestiges of fiscal cliff cheer went out the window today, the greenback touched a three-week high against a basket of currencies while the European shared currency sank to its lowest leve »

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GBP/USD Remains Lower On Failing Optimism

03/01/2013 12:58

  • Sterling Down 0.63 Percent
  • Investors Lose Faith In Fiscal Deal
  • UK Construction Weighs Heavy

The pound continued to suffer against the US dollar Thursday as optimism over the US’ fiscal cliff aversion deal waned and downbeat UK construction data took a toll. At the time of writing, ste »

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Risk-Off Pushes Dollar/Yen To Test Psych Level On IMF Warning

03/01/2013 11:44

  • USA Debt Ceiling Now In The Frame
  • Greenback Posts Best Showing Vs Japanese Yen since late July 2010
  • Higher USD/JPY Going Forward

A sharp decline in risk sentiment has pounded USD/JPY through the floor, currently testing the psychological level around 87.00 on FX trading platforms. As a more measured reaction to the so-called de »

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2013 Set To Be ‘Year Of The Dragon’ - eToro

03/01/2013 11:03

The New Year got underway with a rip-roaring start, as optimism over the recently announced fiscal cliff deal spiked and investors launched into riskier assets. But as the shine fades, parties subside »

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Dollar Softens And Yen Dips To 18-Month Low Vs Euro After US Fiscal ‘Deal’

02/01/2013 13:04

* Risk back On The Menu

* Further Likelihood Of JPY Weakness Ahead

* AUD Also Up Vs USD

The long-awaited ‘deal’ to divert the US from hurtling over the fiscal cliff has fuelled a comprehensive global market rally today, with shares and commodities rising sharply at the expens »

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Euro/Dollar Trading Higher Ahead Of US Manufacturing Data

02/01/2013 11:35

*Eurozone Economy Still Bumping Along The Floor

*Sterling Gets A Boost Via The Cliff And Improved PMI

*EUR/USD Tries At $1.33, But Resistance Should Hold

Whilst stock markets rallied on the US fiscal cliff ‘breakthrough’ (including the Footsie rocketing through the psychological 6,000 mark), something approaching normal service has reassert »

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Editor’s Morning Forex Review: World Stock Markets Stage Rally On Fiscal Cliff Vote

02/01/2013 09:36

* Deal Or No Deal?

* Euro/Dollar And Cable Trading Higher On US News

* Continued Volatility Expected

Markets have already staged an early relief rally after a deal of sorts to avoid the US fiscal cliff was voted through the House of Representatives. There had been intense pressure for the vote to be »

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Mexico’s November Trade Balance records $1.273 Billion Deficit

28/12/2012 09:14

Mexico’s National Statistical Agency (INEGI) this morning released November’s trade data showing that the value of imports exceeded exports by $1,272.7 million. Mexico has recorded four tr »

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Editor’s Morning Review: USD Teeters With Four Days To Go... Then Over We Go!

28/12/2012 08:57

  • Last Ditch On Cliff Edge
  • Euro/Dollar Peaks @ 1.3282
  • Dollar/Yen ‘Sails Through’ 85 00: But That’s Not All, Folks!

The United States dollar continues to trade on the soft side against most of its competitors as market participants’ primary focus remains squarely on the fiscal cliff negotiations. In the ongoi »

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Tradeo Launches New Social Trading Platform - We Catch Up With CEO Jonathan Adest

27/12/2012 15:52

  • Tradeo Launches Brand New Platform And Network Hybrid
  • Social Sentiment Index To Make Waves
  • FXS' Exclusive Interview With Tradeo CEO

Innovators in social trading technology, Tradeo, today announced the launch of SocialTrader, the company’s latest trading platform and social network hybrid. The new product, featuring the &lsq »

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Sterling Sluggish Despite Post-Christmas High Street Bargain Hunt

27/12/2012 15:21

  • UK Economic Concerns Push GBP To 8-Month Low Against Euro
  • GBP/USD Pulls Back From 1.6200
  • RBS Flag-Up Off-Loading Of  GBP Against USD With Target Of $1.5050

With predictions that the UK is in for another tough year of trading, the pound has been pushed to an 8-month low versus euro on our FX platforms. The single currency has also been given a fillip cour »

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US Jobless Claims Plummet: Christmas Break Estimates To Blame?

27/12/2012 13:45

  • US Jobless Data Undercuts Expectations BY 10k
  • Revisions Expected
  • Consumer Confidence On The Radar

The final US Jobless Claims report of the year may have taken some traders by surprise, undercutting expectations by around 10k to hit 350, 000 in the week ended December 22. The figure from the Labo »

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Jobless Claims: What’s The Big Deal?

27/12/2012 11:45

As the markets prepare to gobble up any morsels of data thrown their way by the US later today, we ask why everyone is so concerned with jobless claims and what they can tell us about the state of the »

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Oil Buoyed By Fiscal Cliff Hope…But Watch That Space

27/12/2012 11:18

  • Oil Up On Fiscal Cliff Promise
  • Markets Pricing In A Last Minute Solution
  • Resistance At $92.77 - GCI Financial

As we move away from the festivity of the holiday season and try to stare 2013 square in the face, the US’ unresolved fiscal cliff is still what blocks our view. The spotlight remains firmly on »

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Editor’s Morning Review: Dollar/Yen - Stay Long And Remain Alert

27/12/2012 09:03

  • Fiscal Cliff negotiations Set To Resume
  • USD/JPY Near-Term Upside Toward 89.16 Expected
  • Post-Christmas Thin Volumes Prevail

North American stocks dipped for a third consecutive trading session as US lawmakers prepare to reconvene for their fiscal cliff negotiations today. President Obama may well have cut short his holiday »

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The End Was Nigh!

21/12/2012 11:42

  • Sighs Of Relief, Except For Cliff-Watchers and UK GDP
  • Sterling Under Renewed Pressure As Data Woes Weigh
  • Now For ‘Plan C’!

As the final full trading week of the year comes to an end, and the Mayan calendar deadline of 11.21 GMT, 20/12 - 2012 passed with nary a whiff of Armageddon or aliens, the doom and gloom was nonethel »

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Editor’s Morning Review: The End Is Nigh- And It’s All Been Priced In!

21/12/2012 09:00

  • Euro Weakens While Yen Firms After Latest Fiscal Cliff Fiasco  
  • Intensifying Uncertainty Bolsters Greenback Save-Haven
  • Markets Heading For The Hills

We’ve just seen the euro stumble and yen strengthen as traders trimmed some of their bearish bets against the Japanese currency in the wake of a Republican plan aimed at avoiding the US fiscal c »

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Will Sterling Face Its Own Cliff In 2013? - Currencies Direct

20/12/2012 14:43

As efforts to resolve the US fiscal cliff rumble on in Washington (perhaps now fueled by the odd mince pie and a glass or two of egg nog...?), UK analysts are turning their thoughts a little closer to »

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Get Ready For The Biggest Chart-Buster Of The Year!

20/12/2012 11:18

This week’s earlier risk appetite fizzled out overnight, principally on the latest twist in the fiscal cliff game of chicken. And with trading on a wind down on the cusp of the holiday season, a »

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Editor’s Morning Review: Dollar Feels The Pinch As US Debt Talks Stall

20/12/2012 09:15

  • Fiscal Cliff Now Moves To The Floor Of the House
  • EUR/USD Drops Back From Overnight High
  • BoJ Fails To Excite The Market

Europe’s are in topsy-turvy mode as optimism yesterday gave way to exasperation over the ups and downs in the ongoing fiscal cliff affair. One can only conclude that Investors in the US appear t »

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Euro Flexes Its Muscles

19/12/2012 16:04

  • Euro Cuts Itself A16-Month High Slice vs JPY
  • BoJ Easing Widely Anticipated
  • EUR Hits 8-1/2- Month Peak Against USD

 

Global shares have risen spectacularly today, touching 17-month highs as the European single currency powered to a 16-month high against the yen and an 8-1/2- month peak versus the dollar. Along with »

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Gold Hits Session Low As Euro Reigns Supreme

19/12/2012 15:54

  • Gold Up 0.7 Percent Since Yesterday Close
  • Investors Picking Euro Over Traditional Safe Havens
  • Analysts Eye Six-Month Lows

Precious metal prices continued to suffer Wednesday, as traders flocked to the euro as the safe haven of choice and left the likes of the USD and gold trembling in its wake. The yellow brick hit a se »

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What's In Store For 2013?

19/12/2012 14:45

- Leading industry experts share their 2013 insights

- Diminishing risk - but don't get caught out, analysts warn

- USD/JPY At 60.00! - and more 'outrageous predictions'

As the end of 2012 draws near and traders begin to congratulate – or console - themselves on another year of strategic buying and selling, eyes are already turning to what 2013 might have to off »

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Santa, Maybe!

19/12/2012 14:44

Christmas came early for the markets this week. Not only does the US finally look like avoiding an economically ruinous plunge over the so-called fiscal cliff, Greece also got some good news to see th »

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Trade of the week - USD/CNY

19/12/2012 14:43

The dollar has been lower against most of its major peers, including the Chinese yuan, as the fiscal cliff - $600 billion of spending cuts and tax rises - continues to weigh on the US currency. Repub »

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Euro Gathers Pace; Gains Capped By BoJ Watchers - OANDA

19/12/2012 12:34

  • Euro Hits Seven-Month High
  • German Data, Greek Upgrade Boosts EZ Sentiment
  • BoJ Announcement Eyed

The euro continued its rampage up charts Wednesday, spurred on by vastly improved market sentiment surrounding the euro zone and a chink of light at the end of the tunnel for Greece. The single curre »

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Editor’s Morning Review: Dollar Index Slips To Two-Month Low On Cliff-Edge Pull-Back

19/12/2012 08:33

  • Out Of The Bretton Woods?
  • EUR Up Vs USD Hovers Around 7-1/2-Month High
  • Japanese Yields Continue Their Edge To The Upside

Wised up forex traders observing the speedy turnaround in sentiment over the last 72-hours or so will not be too surprised. After all, it’s all been priced in: Hallelujah!   Crucially, the »

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Obama Blinks First As Boehner Throws Risk A Trillion-Dollar Bone

18/12/2012 14:55

  • US Talks Teetering On The Edge Of A Breakthrough
  • Euro/Dollar Rally Sustains On Fiscal Cliff Hopes
  • EUR/USD Looks to extend H2 2012 Upside

Global shares along with other risk assets rallied today, overlooking the weaker than expected reading for December’s Empire manufacturing survey, and instead latched on to the news of progress »

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The Latest Way To Trade Forex Is With Binary Options, A Different Approach

18/12/2012 11:06

Trading foreign currencies on the forex market has appealed to avid investors across the globe, due in great part to its inherent flexibility and the many different ways that one can approach the mark »

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Fiscal Cliff: US Lawmakers At Last Edging Back From The Edge?

18/12/2012 08:45

  • Sign Of Progress As Zero Hour Looms Into View  
  • Get Set For Profit-Taking On Long EUR/USD & USD/JPY Possies
  • Cautious Optimism - But Don’t Bank On Turning Off Your Screens This Xmas!

No one can really know what life on the other side (or should that be at the bottom?) of the US fiscal cliff will look like. But if President Barack Obama and congressional Republicans don’t rea »

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Alpari Volumes Plummet In 2012

17/12/2012 14:37

  • Retail Giant Alpari At $84bn
  • Alpari Boss Keeps His Chin Up
  • Volumes Depleted Across The Board

Retail FX giant, Alpari, has reported that monthly volumes in 2012 have averaged $84.9billion, down from $160bn in 2010. Taking these two reports at face value, we see that trading volumes have dropp »

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In/Out, In/Out – It’s The Short Yen Hokey-Cokey Trade!

17/12/2012 14:27

  • EUR/JPY Peaks To Near Year-High
  • Abe Trade Lifts USD To 84.48 Vs JPY

Forex traders have seen the European shared currency boosted to an 8 ½-month high against the Japanese yen, which has weakened further in the wake of the weekend elections that saw Japan's cons »

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Editor’s Morning Forex Review: USD & JPY Ends Year On Back Foot

17/12/2012 10:58

  • USA’s Elephant In The Room Puts Everything Else In The Shade
  • Euro Comes Off Friday’s Highs
  • Japan To Enter QE Territory

Traders, hunkering down with a dry sherry to kick-off the final full week of pre-Christmas business, will be geared up for a quiet day in Europe today. The euro is trading lower against the dollar thi »

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Crude Oil Up On Eastern Promise

17/12/2012 10:15

  • Crude Up 0.21 Percent
  • Eyes STILL On The Fiscal Cliff
  • Resistance At 87.44/ Support 86.24

Crude oil prices strengthened Monday morning, kicking off the final countdown to the festive holidays with a bang. Light sweet crude for January delivery was one of the biggest gainers, notching up a »

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USD/JPY FX Price Action Analysis Update – WC 17th December

17/12/2012 10:12

Japanese yen sentiment overview – The general election in Japan this Sunday is widely expected to bring about a change in leadership and the favourites, the Liberal Democratic Party, h »

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EUR/USD Technical Analysis Update – WC 17th Dec

17/12/2012 10:05

The EUR/USD broke marginally above the previous 1.3171 range resistance zone last Friday, closing the week at a key technical point comprised of price structure highs and the longer term 38. »

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Euro Saviour Super Mario – Cometh The Moment, Cometh The Person

14/12/2012 14:12

"Who do I call if I want to speak to Europe?" Thus went the famous question by Henry Kissinger who, as US Secretary of State, expressed the non-European diplomat's exasperation with what the USA perce »

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JPY Smells Fear As Games Of Chicken And Chess Get Caught In A Zugzwang

14/12/2012 12:03

  • Fiscal Cliff Still No Nearer Being Averted
  • Big Structural Areas On JPY Cross Charts Looming Into View
  • Pre-Holiday Season Position Unwinding Just Around the Corner

The pre-Christmas rally appears to be slipping and sliding after US stocks suffered from a little bit of profit taking in the past 12 hours. Whilst most market watchers simply cannot believe that a re »

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EUR/USD: Greek Bailout Approval and Banking Supervision Deal Buoying the Euro

14/12/2012 09:41

Optimism that the Euro Zone is making headway in resolving the debt crisis is believed to continue buoying the Euro opposite the US dollar today. Yesterday, EU officials struck an accord to create a s »

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Sterling Slips From 6-Week High Vs USD As S&P Does A Lady Bracknell Trims UK Debt Outlook.

14/12/2012 09:25

* Gorgeous George And the (Non) Importance Of Being Triple-A

* Cable Finds Temporary Support

* But Does It All Add Up?

 

In The Importance of Being Earnest - Oscar Wilde’s masterly observance of snobbery, sexual politics and a crumbling class structure - Lady Bracknell opines how she does not approve of anything & »

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GBP/USD Goes On A Post-Fed Profit-Taking Rollercoaster Ride

13/12/2012 15:31

  • Cable Gets Pulled To 1.6111
  • US High St Sales and PPI Comes In On The Low Side
  • Sterling/Dollar Manages An Afternoon Rally

After a mighty slew of profit taking on the London opening saw cable dragged to the 1.6111 low, near yesterday’s opening, the pair has since retraced ahead of the release of retail sales and PPI »

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Swissy Cheesed Off On Weaker 2013 Growth Forecast

13/12/2012 14:41

  • SNB Defends EUR/CHF Peg At 1.20
  • CHF Pops Up 0.1 Percent Vs The EUR To 1.2098
  • SNB Boss Not Rulling Out Further Substantial Intervention

In the wake of overnight news detailing how EU finance ministers have at last agreed a deal for a euro zone banking union, the EUR/USD remains under pressure as investors piled in to take their profit »

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Editor’s Morning Forex Review: Dollar/Yen Softens On The Wings Of Doves

13/12/2012 08:57

  • FOMC: No Surprises
  • Euro Climbs To Fresh 1-Week High Vs The USD
  • Fiscal Cliff Remains In View

No one would have been surprised to see the euro extending its gains against the greenback yesterday after Ben Bernanke & Co at the Federal Reserve left the USA’s benchmark interest rates (which »

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It’s RISK-ON For FX leading Into FOMC

12/12/2012 15:14

  • Fed Expected To Launch New Monthly Bond Buying @ $45 billion
  • USDJPY ‘Acting Well’ Despite Expected Fed QEIII
  • North Korea Goes Into Orbit

The FTSE 100 index gained on today on gathering expectations that Ben Bernanke and his US Federal Reserve chums are set to continue to provide stimulus for the world's biggest economy. Hence, the appe »

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EUR/USD In Session Highs Circa 1.3025 Ahead Of FinMins And FOMC

12/12/2012 11:45

  • Cross Comes Under Bullish Momentum
  • EZ Recession Deepening?
  • EU Heads In The Tag Cloud!

Early trading this morning saw European shares and the single currency nudge higher on bur-geoning anticipation of further monetary stimulus in the United States courtesy of the Federal Reserve when i »

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Saxo Direct Move Into High Gear With Increased FX Volumes

12/12/2012 11:15

  • Over 600 Percent Rise In Volumes
  • Number Of Active Clients Also Up
  • Saxo Direct Showing "Extraordinary Growth"

Saxo Direct, the cross-asset Application Programming Interface (API) of Saxo Bank, have announced that their average monthly FX volumes have risen by almost 600 percent since December 2011. Volum »

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EUR/USD Price Action Analysis Update For 12th December

12/12/2012 11:08

Our weekend EUR/USD technical update highlighted the 1.2875 area price pivot zone, which had confluence with a 50% retrace, as a potential support area.  Price has subseq »

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EUR/GBP: Euro Advances on German ZEW Data and Greek Buyback Progress

12/12/2012 11:01

The Euro is foreseen to incline opposite the British pound today as a stronger-than-expected German economic sentiment reading and reports of a successful Greek bond buyback program are deemed to impr »

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Euro Trading Flat Against The USD Ahead Of FOMC And EU Summit

12/12/2012 09:27

* Greenback Smells Progress Over Fiscal Cliff

* Will The Fed Twist Or Bust?

* Cable Finding Second-Day Resistance Around 1.6125

The Fed is meeting for its final session of 2012. In years past, given the nature of how the markets tend somewhat to slide into somnolence come mid-December, this particular central bank decision is »

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Euro Goes The Full Monti

11/12/2012 11:20

  • Single Currency Steady At $1.2943
  • Still Some Conflicting Signals Apropos Germany
  • Italian Cloud Has A Silvio Lining!

Today’s markets appear a little calmer after their hiatus yesterday in absorbing Mr Monti's announcement to resign as Italy’s technocrat Prime Minister. Not only did Italian stocks plummet »

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Editor’s Morning Forex Review: US Dollar Gets A Fiscal Meal Deal As The Euro Comes Over Berlusconi Queasy!

11/12/2012 09:26

  • Rise In McDonald's Shares Give Greenback A Risk Appetite
  • Euro/Dollar Holds Steady, Despite The Spectre Of Bunga Bunga’s Return
  • US Fiscal Cliff: Agreement On The Menu?

It happens to us all from time to time; one of those days at the office. One thing after another: first the Prime Minister of Italy says he’s going to resign, tsch… then bond yields rocke »

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US Stocks Thrown A Bone By Maccy D

10/12/2012 16:05

• Dow Opens Moderately Higher On Fast Food Giant Gains

• Fiscal Cliff Still Sticking In The Throat

• Dollar/Yen Trading Just Below The 100-hour SMA

Against a backdrop of the European single currency sliding towards a two-week trough today after ‘Mr Competent Economist’ Mario Monti's decision to step down, the US markets have opened in »

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Euro Awash In A Sea Of Crimson As Monti Says ‘Arrivederci’

10/12/2012 11:20

• Italian 1-Year Bond Yields Jump

• EUR/USD – Solid Buyers Around 1.2860-80

• Italy’s Stock Market Down 2.3%

The Italian stock market plunged into the red this morning after Mario Monti's announcement to resign as the country’s prime minister. The weekend news continues to send shivers through financia »

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Oil Trading At Channel Support – Price Action Analysis Update – 10th December

10/12/2012 11:00

CL, Jan13 (Light Sweet Crude Oil) is trading near channel support lows, following the recent pinbar price action rejection from range resistance and the psychological 90.00&nb »

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USD/JPY – Forex Technical Analysis – Price Action Box Consolidation In Focus

10/12/2012 10:54

The USD/JPY is now trading within an established range, between 81.68 and 82.83, as can be seen on the  daily timeframe dollar/yen chart below. This “box consolidation phase&rdqu »

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Dollar Index Analysis – Bullish Outside Week In Focus - 10th Dec

10/12/2012 10:44

When referencing the dollar index weekly time frame chart below (Fig 1) we see the USDX has formed a so called “bullish outside week“.  These patterns form when a candle clo »

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Editor’s Morning Forex Review: Greenback, Euro, Yuan And Yen Poised For An Eventful Week

10/12/2012 09:05

* Strong US Jobs Data - The Employment Of Caution Is Advised

* Markets Await An ECB Rate Cut

* Hope Turns Back To China       

We kick-off on a new week with last Friday’s US employment report continuing to resonate, especially now that experts have had time to drill down into what appeared to be a surprisingly healthy »

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Dollar Tentative Despite Unexpected Non Farms And Euro Zone Growth Expectation Cuts

07/12/2012 15:36

  • US Unemployment Falls
  • German Outlook "Poor"
  • Euro Dollar Reaction "Very Small"

The euro declined earlier this morning against the dollar but has since steadied, despite better than expected US non-farm payroll figures. Non-farm payrolls for November showed employment increased »

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November FX Volumes Plummet At Thomson Reuters

07/12/2012 14:21

  • November Volumes Down 26 Percent Year-On-Year
  • Competitor EBS Suffer Similar Drop
  • Volatility And Job Losses Continue To Weigh

The fact that brokers across the globe have been struggling with depleted volumes and low volatility has been no secret of late. And the latest figures out from international interbank dealing platfo »

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US Non-Farm Payrolls Deliver A Positive Surprise

07/12/2012 13:45

US non-farm payrolls rose more than expected last month, official data showed on Friday. The report for the month of November, published by the US Department of Labour, showed that non-farm payrolls »

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Dollar Has A Non-Farms Day Of Lunatic Fringe Benefits

07/12/2012 12:54

  • Euro Bargain-Hunters Pile In Ahead Of NFPs
  • Payroll Data Will Be Weighed Upon By Twist Speculation
  • Mad, Bad And Dangerous To Know

The euro has plummeted against the dollar today on the back of a downbeat German growth outlook compounding the effect of yesterday's gloomy ECB forecast that the euro zone economy is likely to shrink »

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USD/KRW: Won Lower After Poor Third Quarter Growth

07/12/2012 10:52

ForexSpace.com (LONDON) - The South Korean won is currently trading sideways against the dollar as Bank of Korea governor, Kim Choong Soo, announced that monetary policy will remain "flexible" after e »

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GAIN Capital Acquire GFT’s US Retail Forex Business

07/12/2012 10:17

  • US Retail Accounts Transferred After Today's Closing
  • No Financial Terms Of Deal Released
  • Customers To Receive "Same High Level Of Service"

GAIN Capital, the online trading services provider have acquired the US retail forex arm of top broker GFT. It was announced today that GAIN Capital Group LLC, who are the US regulated entity of Gain »

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Editor’s Morning Forex Review: Euro Gets Frozen In The Bleak Midwinter…

07/12/2012 09:03

  • EU Predicts EZ GDP To Fall By 0.9 Percent
  • Euro Touches $1.2976
  • Data Out Today Not Expected To Provide Any Cheer

In the bleak midwinter, frosty wind made moan, earth stood hard as iron, water like a stone… Thus goes the opening stanza of the eponymous Christmas carol based on a poem written in the 1890&rs »

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November NFPs: Payroll Panel Delivers Mixed Verdict

06/12/2012 16:50

In recent months the labour market has brought more good news to the table for the American economy than most other suffering sectors. But tomorrow’s November non-farm payrolls report has analys »

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Summary Of Market Movements

06/12/2012 12:53

As touched upon in my interview with Phil McHugh, as the year rapidly nears its end, we find ourselves in an environment where the key risks which have been prevailing over the past months remain clea »

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Trade Of The Week: GBP/USD

06/12/2012 12:52

Cable opened at 1.6028 on Monday and was looking bullish at the beginning of the week but since Wednesday has steadied to trade sideways against the greenback. The steadying of GBP/USD can be attribu »

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Interview With Phil McHugh, Trading Floor Manager, Currencies Direct

06/12/2012 12:34

As the year rapidly nears its end, we find ourselves in an environment where the key risks which have prevailed seemingly forever, and certainly for the last six months, are still here. ForexSpace.com »

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USD/CAD Makes Tentative Advance; Breakout On The Horizon?

06/12/2012 11:09

  • USD/CAD Remans Comfortable At 0.9929
  • Fiscal Cliff Developments To Provide Stimulus?
  • Analysts Advise Caution

The last few months have remained pretty tightly rangebound for the USD/CAD, with the Canadian dollar being tossed back forth between 0.99 and 1 and any attempt to push higher being met with strong re »

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Editor’s Morning Forex Review: Dollar Dithers As Cliff Negotiations Prove Highly Taxing

06/12/2012 09:09

  • EUR/USD Finds Resistance Around 1.31
  • Single Currecny Dampened Ahead Of ECB
  • EUR/GBP Holding Tight In Lead-Up To BoE

Asian shares have rocketed to their highest in 16 months after Barack Obama raised hopes of a speedy resolution to avert the so-called fiscal cliff. The President suggested a deal was possible in "abo »

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Euro Pauses For Breath Against The USD

05/12/2012 16:16

  • EU at 1.3125
  • Euroland Retail Sales Data Disappoints
  • EUR/USD Firming Still Expected

The shared currency has fallen from its recent zero to hero trajectory, retracing from a seven-week high against the dollar today on the coat-tails of disappointing Spanish bond auction news. Also we »

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Scotiabank Analysts Positive Over Canadian Outlook

05/12/2012 16:03

  • Canadian Economic Fundamentals "More Favourable"
  • Interest Rates Unchanged But May Rise In Near Future
  • Loonie Steady Against US Rival

The Canadian dollar is steady against it's American counterpart at the moment but are future gains on the cards? Warren Jestin, Senior Vice President and Chief Economist of Scotiabank, said: "Wh »

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Sterling Trading Flat Vs The Dollar: By George!

05/12/2012 11:51

  • Autumn Statement Stuck In A Snow Drift Of Gloomy Data
  • EUR/USD Finds Resistance Around 1.6125
  • Osborne Set To Miss His Own Target

In a meteorological event which people like me considered portentous of further economic chills to come, great swathes of the UK were brought to a standstill at first light this morning following a li »

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Editor’s Morning Forex Review: Sterling, Austerity And UK Borrowing On The Way Up - Triple-A On The Way Down?

05/12/2012 09:35

  • GBP Pares Most Of Its Gains
  • Sterling Bulls: Hang On To Your Wotsits!
  • ‘Beware Of Entrance To A Quarrel…’ (W. Shakespeare)

Leaving behind yesterday’s subdued markets as US lawmakers appear to be set on a course of fiscal cliff Hara-Kiri, we don’t quite get to be rid of those accursed politicians today, either! »

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Oil Takes A Dive On Fiscal Cliff Angst

04/12/2012 12:13

  • Oil Hits $88.88 Late In Asian Session
  • Middle East Tension Lends Support
  • Global Fiscal Cliff Impact Weighs Heavy

Concerns over the fate of the US manufacturing sector, spurred on by disappointing data Monday, have succeeded in dragging on the price of oil and dampening hopes for a manufacturing-led recovery in t »

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EUR/USD: Deutsche Bank Analysts Target 1.31 For Year-End

04/12/2012 11:12

Speaking in a note to investors, analysts at Deutsche Bank have maintained a bullish outlook on the EUR/USD come close of play 2012. They attributed the rise of the pair to “three supportive fa »

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Editor’s Morning Forex Review: USD - A Safe Haven At The Cliff Edge

04/12/2012 08:59

  • Dollar Trading Lower Vs The Yen For Second Consecutive Day
  • Upcoming ISM And NFPs Data Still has The Potential To Weigh Heavily
  • US Credit Rating Back Under The Spotlight

Well, we can’t say we weren’t warned about it! For many months now - (indeed, we held a roundtable on this very issue in September) - ForexSpace.com among others has been flagging up the f »

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NFP Estimates Are Too Conservative…And Here’s Why - eToro

03/12/2012 16:41

  • Senior Analyst Disputes 91k Estmate
  • eToro Predicts 180-200k Jobs In November
  • CAD, EUR and CHF Stand To Make Gains

The US has been in the spotlight for rather downbeat reasons today, with weaker-than-expected manufacturing data dragging the US dollar lower against a number of its peers. Questions have been asked »

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US ISM Manufacturing Data Hurting The USD

03/12/2012 15:49

  • ISM Factory Index Hits Nine-Year Low
  • Investors Unsure Over Superstorm Sandy Impact
  • Eyes On Eurogroup Discussion

Today’s slew of economic data – much of it having emerged better than expected – was tripped up by a US ISM manufacturing survey which posted well below analyst expectations. The In »

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Spain Requests Bank Bailout - But Don’t Be Fooled

03/12/2012 15:13

  • Euro Hits Six-Week High
  • Eyes On Brussels For Approval          
  • Analysts Warn Over Bailout Confusion

The euro has scaled its highest heights on currency charts for over a month, in the wake of a formal request for a bank bailout from debt-laden Spain. After months of speculation and persistent denia »

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Oil Slides Higher On Bullish Growth Outlook

03/12/2012 12:17

  • China PMI Boosts Price Per Barrel
  • Middle East Tensions Provide Underlying Support
  • Fiscal Cliff: Help Or Hindrance?

We may only be three days into our advent calendars, with the daily dose of chocolate yet to take its toll on our otherwise svelte frames, but already December is making a significant impact on the pr »

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‘All You Can Eat Data’ After A Quiet Week

03/12/2012 10:28

  • Chinese PMI Data Buoys Risk Early On
  • Euro Zone PMI Remains In Contraction
  • Eyes On Economic Calendars For A Host Of Data

After a quiet week (despite what could have been some fairly momentous releases) traders are now looking ahead to a fresh five days filled with the latest data on the health of some of the world&rsquo »

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Euro Closes The Month On A High Despite Gloomy Backdrop

30/11/2012 16:42

  • Watch For Shared Currency Gains Towards Upper 1.30 Echelons
  • Band Aid To The Ready!
  • Don’t Expect Any Magic From ‘Fairy World’!

Even though we close out both the week and month this afternoon on a flurry of buying activity, the markets still remain tentative. Chiefly, with euro zone woes far from alleviated, and whirling amid »

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EUR/USD Descends From Earlier High To Test 1.3000 Psych Level Ahead Of Greek Debt

30/11/2012 11:09

  • Euro/Dollar Break Through 1.3020 Static Resistance On The Cards
  • EZ Jobless At All-Time High
  • Germany Votes Through Greek Aid Package

As we embark upon the final day of November, heading in to the final month of the year, we can expect some erratic price movements as forex traders set about squaring their books. The single currency »

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Gold Nudges Slightly Higher - On Track For Huge Weekly Drop

30/11/2012 10:47

  • Gold Up From Wednesday Low Of $1, 705.64
  • Analysts Attribute Gains To Dollar Weakness
  • Silver, Other Metals Follow The Yellow Brick Road

Gold may have regained something of its former shimmer this morning, notching up small gains as the dollar tracked lower against a basket of currencies, but the precious metal is still on track for it »

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Editor’s Morning Forex Review: USD Trading Up Vs JPY – But Fiscal Cliff Still Weighs.

30/11/2012 09:32

  • Euro Up Against The US Dollar
  • Cable Finding Resistance Around 1.6040
  • Euro Zone Jobless Expected To Rise

The euro found itself trading higher against the dollar again the morning, as it did yesterday against an unfolding scenario in which the pair, as Craig Erlam, Market Analyst with Alpari UK explains, »

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The King’s Peach Of A Beseech!

29/11/2012 15:53

  • Sterling Falls On Financial Stability Report Findings
  • BoE Governor Delivers A Blow To Britain’s Big Banks
  • GBP Likely To Remain Under Short-Term Pressure

When Bank of England governor Sir Mervyn King addressed this morning’s press conference to accompany newly published Financial Stability Report, he kicked off by describing the UK economic backd »

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Interview with Nick Beecroft, Chairman, Saxo Capital Markets UK and Senior Markets Analyst

29/11/2012 14:59

FX industry veteran Nick Beecroft, Chairman of Saxo Capital Markets UK shares his insights with ForexSpace.com, covering issues ranging from the US fiscal cliff and the dollar to Greek bailout and the »

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Summary Of Market Movements (26 - 30.11.12)

29/11/2012 14:45

The flavour of the week has been spiced with a pinch of reinvigorated risk, mixed in with some early profit taking in the equities space. This lead to a fair amount of dollar weakness, not helped by U »

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Trade Of The Week

29/11/2012 14:34

The Japanese yen has retraced some gains against the dollar this week, as the fiscal cliff moves ever closer. President Obama and the Congress are trying to come to an agreement on how to de »

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Germany Takes Over From China As Biggest US Debt Holder On 'Free-Rider' Trade Strategy

29/11/2012 14:17

  • EU Nations Dampening Internal Demand
  • Yuan Remains Overvalued
  • German Unemployment Falls

Germany has overtaken China as the largest single source of global trade imbalance, accounting for a huge chunk of the US deficit.  US Treasury officials have blamed internal balances of eu »

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Japanese Yen Gives Ground As Abe Ramps Up The Rhetoric

29/11/2012 11:35

  • Long-Term JPY Looks Vulnerable
  • Buy The Rumor, Sell The Fact
  • Who’s Shorting The JPY?

This week’s currency markets began in a state of transfixion by comments coming out of the USA, Japan and, to an extent, Euroland.  Thus it has continued, with the biggest mover in the over »

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German Unemployment Rises For Eighth Straight Month

29/11/2012 10:25

  • Unemployment Hits 2.94 Million
  • Euro Zone Remains Top Concern
  • German Growth Forecasts Remain Relatively Strong

German unemployment climbed for the eighth consecutive month in November, data showed Thursday morning. The Federal Labour Agency in Nuremberg reported that the number of people without a job increas »

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Editor’s Morning Forex Review: Data Calling Earth!

29/11/2012 08:42

  • The Ultimate Cliff-Hanger
  • Euro/Dollar Support Likely Around 1.2836
  • Sterling Falls Through Downward Resistance

Despite this being a week of pretty significant data releases, it turned out to be an excruciatingly quiet day on the markets yesterday with very little to drive them in one direction or the other. Ev »

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Gold Dive-Bombs On Plummeting Risk Appetite

28/11/2012 16:14

  • Gold At $1710 Per Ounce
  • Erratic Progress On Dollar, Yen Strength
  • Bullish Year-End Forecasts On Fiscal Cliff Concern

Gold has, in the words of respected FX commentator John Hardy of Saxo Bank, “gone a bit mental”. After breaking higher on the anticipation that Greece’s woes were to be solved by an »

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USD/CLP: Peso Depreciates As Copper Falls

28/11/2012 15:51

ForexSpace.com (LONDON) - The Chilean peso has been bearish against the dollar as fiscal cliff concerns weakened copper, the South American nation's biggest exporter.  Chile is the copper capita »

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Euro Falls 0.4 Percent

28/11/2012 15:28

  • Fiscal Cliff Shadow Darkens
  • Bids Seen At $1.2850 Could Stem The Tide
  • Yen Enjoys A Rally

“The more it seems that attempts to avoid the fiscal cliff are getting bogged down by partisan political differences, the more nervous investors should be.” So says my old Reuters mate and »

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Euro Tumbles As Greek Deal Shine Wears Thin Already

28/11/2012 13:22

  • Band Aid Of A Deal
  • Don’t They Know It’s Christmas?
  • Euro/Dollar Trading Down

Traders eyeing their screens this morning saw shares, commodities and the euro tumble in early European trading as investors - already fretting about the distinct lack in the US Congress of progress i »

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Swiss Franc Tracks Euro Lower – Cap Under Threat Again?

28/11/2012 13:00

  • CHF, EUR Lower As Risk Appetite Fades
  • US Fiscal Cliff Back In Frame
  • Safe-Haven Seekers To Put 1.20 Cap At Risk?

The Swiss franc followed the euro lower against the dollar in early Wednesday trade, with investors reversing initial optimism over the much-heralded Greek debt deal. Trading at 0.9315 against the do »

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EUR/USD: Euro Loses Steam as Greek Relief Wanes

28/11/2012 10:34

The euro is expected to continue softening against the US dollar today as relief regarding a new debt plan for Greece turns to unease over the looming US fiscal crisis. Although the deal ratcheted out »

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Crude Approaches One-Week Low As US Concerns Weigh Heavy

28/11/2012 10:19

  • Crude Oil At $86.95 As US Discussion Stalls
  • Commodities Edge Lower On Global Growth Concerns
  • Crude Support Expected At $86.63, $86.03

Crude oil edged closer to a one-week low in the early hours of the European session Wednesday as disappointing progress towards striking a US fiscal deal weighed on riskier assets. On the New Yo »

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Editor’s Morning Forex Review: Dazed And Confused

28/11/2012 09:06

* European Markets Open Lower On Renewed Doubs

* Still A Hurdle Or Two To Overcome Before Greece Gets The €34.4 Billion

* Senate Bigwig Startles The Markets As US Fiscal Cliff Draws Near

Forget such brain-frying conundrums as the fiscal cliff, binary trading, Greek debt (and what is the point of Coldplay?), the big question of the moment is how does Wikipedia make money? In the absenc »

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Euro Shrugs As Around 20 Percent of Greek Debt Gets Written Off

27/11/2012 15:13

  • Priced-In… Apparently!
  • A ‘Band-Aid On A Gaping Wound’
  • Euro Finds Near-Time Support At 55-day MA

It’s only taken a summer of prevarication, an election or several, austerity heaped upon aus-terity, rioting in the streets and fierce political negotiations, but Greece has finally gotten its n »

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Dollar Bullish Against Euro On Positive Data And QE Comments

27/11/2012 14:48

  • Greece Decision Was "Very Difficult"
  • US Goods Orders Up
  • Dollar Extends Gains

The dollar has advanced this afternoon against the euro after positive US data and comments that America must limit their QE program, despite an agreement being reached on Greece's financing »

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Editor’s Morning Forex Review: Sterling Bounces As Outside Bet Gets The BoE Gig.

27/11/2012 09:17

* Sterling Skating On Thin Ice

* UK Economy And The Highway To Hell

* Recovery Hovering On A Razor’s Edge

Sterling knee-jerked against the dollar yesterday on the news that Canadian Central Bank boss Mark Carney is to be the new BoE Governor. In a move which wrong-footed the markets, the pound rose to a t »

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Carney's Task Is Not An Easy One - OANDA FX

26/11/2012 17:26

In a surprise move, Mark Carney, the current governor of the Bank of Canada, was named the new Governor of the Bank of England this afternoon. Analysts are now asessing the reason behind George Osborn »

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Mark Carney Steals Tucker’s BoE Crown

26/11/2012 16:19

It just goes to show, you can’t trust a public figure to tell you the truth about their intentions, not even when the fate of the British economy is at stake. Mark Carney has been named the new »

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Trendiness To Wane Ahead Of Xmas – Deutsche Bank

26/11/2012 13:03

  • Trendiness On The Wane Leading Up To Xmas
  • Volumes Still At ‘Rock Bottom’
  • No Clear Themes Dictating EM FX Moves

Analysts at Deutsche Bank have issued their forecast for the period leading up to Christmas, with a lack of trendiness and more depressed volumes as characteristic features of the advent season. In a »

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Gold Dulls But Bulls Still Have The Upper Hand

26/11/2012 12:30

  • Gold Corrects From Friday Rally
  • Analysts Remain Bullish - $1800 Year End?
  • Eyes On Tough Resistance At 1791/1803 – MIG Bank

As investors the world over hold their collective breath for news from Brussels, some analysts are turning their attention to the prospects for gold...and they like what they see. The precious metal »

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Euro Gets A Déjà Vu Day… All Over Again!

26/11/2012 11:35

  • Get Me To The Greek – For the Third Time Of Asking
  • EUR/USD Pairs Back To $1.30 Amid Grecian Jitters
  • Barcelona: A Single Currency Lesson From History

The European markets extended their slide this morning on investor jitters as we nervously await news on the next instalment of bailout funds to Greece. After something of a tense start to the week, w »

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Aussie Breaks Tough Resistance; Outlook Bright

26/11/2012 11:17

  • Aussie Dollar Breaks Above 1.4050
  • Further Gains Anticipated – Westpac, OANDA
  • RBA Decision The Next Big Aussie Milestone

After a rocky start to risk sentiment Monday as investors eye the outcome of a meeting of euro zone leaders, the Australian dollar has managed to hold on to Friday gains and break above tough resistan »

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Editor’s Morning Forex Review: The Weak Ahead!

26/11/2012 08:45

  • Safe Haven Dollar - Toeing The Line Of Perception
  • Island Mentality
  • Euroland Lag: No Longer A Periphery Issue

So, have we got a recovery? Is the euro zone saved? Has Black Friday ridden to the USA’s economic rescue? In the case of the latter, some one-and-a-half-million Americans went shopping on the ba »

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Chinese Economy On The Up As Manufacturing Expands

23/11/2012 14:09

  • Expansion First Time In 13 Months
  • China "May Have Turned A Corner"
  • Yuan Positive On Data

The Chinese economy is not slowing down according to news that the nation’s purchasing manager’s index expanded for the first time in 13 months. The PMI data showed a rise to 50.4 in Nove »

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US “On The Road To Fiscal Compromise” – Deutsche Bank

23/11/2012 12:31

  • US Fiscal Cliff Risk Diminishing
  • Further Deliberations To Take Place Next Week
  • Investor Perspective Dictating Price

The global macroeconomic backdrop is stabilising and risks from the US fiscal cliff are diminishing, say analysts at Deutsche Bank. In a weekly report to clients, the bank said that “the macroe »

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Euro Rallies On Greek Debt Pile Talks

23/11/2012 11:04

  • Brussels Summit Coming To Nothing
  • German GDP better Than Expected
  • Sterling Not So Shiny Today

Today looks likely to be a bit of a damp squib – typical of most Fridays these days – compounded as we head towards the weekend by the US remaining for all intents and purposes on holiday. »

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Loonie Slips On Risk Aversion And Retail Sales

23/11/2012 10:24

  • Loonie Slips 0.14 Percent Against The USD
  • CAD Support At 0.9942
  • CPI Data Eyed For Growth Indication

As a fresh bout of risk aversion grips investors, largely courtesy of the deadlock currently facing the European Commission’s budgetary negotiations, the Canadian dollar has slipped down currenc »

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Brussels Sprouts Firmer Euro Sentiment

22/11/2012 15:39

  • Eurodollar Trading Higher @ 1.2845
  • EU Markit Print Cause For Concern
  • German Data Tomorrow May Spring A EURUSD Sell-Off

As leaders from the EU’s 27 member states arrived in Brussels this morning to commence their summit designed at thrashing out the Union’s next 6-year budget, they were greeted by the lates »

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JPY/KRW: Won Turns Bearish As Government Plans To Intervene

22/11/2012 14:45

ForexSpace.com (LONDON) - The South Korean won has fallen today against the yen following Deputy Prime Minister Choi Jong Ku's announcement that serious action needed to be undertaken to dampen "exces »

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Oil Dips Below $111 On Gaza Cease-Fire

22/11/2012 14:36

  • Traders Question How Long Peace Can Last
  • General Disquiet Underlines Prices
  • US Positivity Lends Support

Aside from the terrible loss of life already incurred by the ongoing conflict in Gaza, the bouts of violence have also had a profound effect on the price of oil in the global marketplace. After findi »

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USD/CNY: Yuan Posts Brief Rise As Chinese Manufacturing Expands

22/11/2012 10:03

ForexSpace.com (LONDON) - The Chinese yuan rallied against the dollar after manufacturing output data hit a 13-month high, but has since retraced the gains.  The PMI flash manufacturing index ro »

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Editor’s Morning Forex Review: USD: Thankful For A Buck!

22/11/2012 09:40

  • Fiscal Cliff: It’s Still There!
  • US Remains Poised On The Threshold
  • USDJPY Trading Marginally Lower

While we spare a moment to reflect on the 254 million-or-so turkeys who’ll give their lives for today’s Thanksgiving feast, allow me to serve up a treat for you forex traders who also happ »

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Euro: It Never Rains – It Pours

21/11/2012 15:56

  • No Silver Lining To The Greek Cloud
  • EURUSD Doesn’t Want To Go Down
  • US Manufacturing PMI Turns The Screws On The EUR

The rain in Spain may well indeed fall mainly in the plain. Weather charts aside for a moment, as forex traders will be seeing from their euro charts, the outlook for the Euroland is one of precipitat »

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JPY And The Big Bad Woolf

21/11/2012 11:54

  • Japanese Exports Hit 5th Straight Monthly Decline
  • ‘Yen Looks Like Toast’
  • 82.50 & 105.50 Barriers In USD/YEN & EUR/YEN Magnetic 

Forex traders have seen the Aussie dollar fall after a decline in Japanese imports dimmed the outlook for the South Pacific nations’ shipments.  At the time of writing, on the sterling char »

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Editor’s Morning Forex Review: 'Discord And Delay'

21/11/2012 09:28

  • Cliff Goes Up - Cliff Goes Down
  • Greek Tragedy: Not Over Till It’s Over
  • Euro/Dollar Resistance 1.2800/25 Appears To Be Holding

In the US, one outcome of Barack Obama’s re-election appears to be a reinvigorated Ben Bernanke. Now secure in his job, (he would have been fired - or resigned - had Romney got in) the Federal R »

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OANDA Win ‘Best Forex Broker’ Award at Forex Magnates Summit

20/11/2012 15:32

  • Beats 14 Other Nominees For Crown
  • OANDA ‘Help Make Better Trading Decisions’
  • Helped Open Market To Retail Clients

The award has been granted as a result of OANDA’s forex and CFD trading platform as well as their trading support tools, which are designed so that traders can make informed decisions or enforce »

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Aussie Dollar And A Cliff Edge Pullback

20/11/2012 12:23

  • AUD Pulls Back From US$1.0424
  • Guvnor Stevens Says Aussie Resilience ‘Surprising’
  • RBA Leaves Benchmark Rate Unchanged

The aussie dollar has found itself trading higher, boosted by the talk of US lawmakers looking increasingly likely to reach a deal to avert the world’s largest economy plunging off the so-called »

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Euro Treats Moody's French Downgrade To A Gallic Shrug

20/11/2012 11:01

  • Aa1… Et Alors?
  • French Gvt Bond Futures 18 Ticks Lower at 136.33
  • EUR Dips 0.15% From Late U.S. Trade To $1.2794


As the spotlight trains back onto the euro zone this week, France – which although is distinctly not a peripheral country – nonetheless has an economy which may start to look as if it. Las »

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Editor’s Morning Forex Review: Moody’s Dampens The Euro Strength Mood

20/11/2012 08:08

  • US Edging Away From The Fiscal Cliff? 
  • USD/JPY Technical Resistance Around 87.78 On BOJ News
  • Main Story Still The Euro Zone

European stocks bounced off the bottom of a three-month low yesterday, clawing their way back up on the news that President Obama expressed confidence that he will strike a deal with Congress on a new »

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Miliband Talks Of Euro Membership Importance

19/11/2012 14:44

  • Ed "Cares Passionately" About Place In EU
  • 50 Percent Of British Trade Done With Europe
  • Greece Ministers Meet In Paris To Discuss Aid Fund

The euro has advanced against both the pound and the dollar today as opposition leader Ed Miliband speaks at the CBI conference.    Following on from PM David Cameron, Labour leader Ed Mil »

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Cameron And Cable - War And Growth

19/11/2012 14:03

  • Cameron - Britain in "Economic Equivalent Of War" 
  • Cable - Economic Recovery "Reassuring"
  • Judicial Reviews Slowing Policy Making

The signs of recovery for the UK economy are "reassuring" according to Business Secretary, Vince Cable, speaking at today's annual CBI conference. The Confederation of British Industry (CBI)&n »

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OEC Launches New Mobile Trading App

19/11/2012 10:43

  • New App Provides "Enhanced Trading Capabilities"
  • Real Time Market Data On Futures and Forex Pairs
  • Free To Download And Install

Open E Cry (OEC), the online futures division of GAIN Capital and TradeMotion have announced the release of a new mobile app designed to improve mobile trading.  The new smartphone application »

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Editor’s Morning Forex Review: USD/JPY Nearing The Edge

19/11/2012 10:24

  • Cliff Hanger
  • EUR/USD Focus Shifts To Test 1.29
  • USD/JPY: Bullish Outlook Remains On The Cross

As cliffs go, this one has real portent; in fact, there’s talk of it signaling the end of the world. Nostradamus warned about it, and according to the ancient Mayan calendar, we even have a date »

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Summary Of Market Movements

18/11/2012 21:46

Another period in which traders and investors have turned their backs on risky assets as the conflict in Gaza adds to existing worries over the US fiscal cliff and the euro zone's debt problems confir »

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VIDEO: What’s The Deal With The Fed?

18/11/2012 21:45

Set against a backdrop of the US elections, press coverage of America of late has been rife with lame ducks, fiscal cliffs and questions over Ben Bernanke’s future as chairman of the Federal Res »

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Sh*t Or Bust!

18/11/2012 21:44

In what was a nerve-wracking week for the markets, I found myself diverted from the currency charts to the sudden realization that we have nary 650 hours worth of shopping opportunity left before we s »

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iPad Winner Comes To Town!

18/11/2012 21:42

It’s not often that the ForexSpace team get to enjoy a trip out of the office and away from the markets, but last Thursday marked a very special day in the ForexSpace calendar… After lau »

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Editor’s Morning Forex Review: JPY To Six-Month Low On Election News

16/11/2012 09:04

* Japanese Yen Weakness Accelerates

* Paradigm Shift Or False Dawn?

* AUD Also Ends The Week Weaker 

As this week panned out, the pounding of the JPY has intensified on Japanese political developments. Japan’s Prime Minister Yoshihiko Noda is dissolving parliament, triggering an election which »

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EUR/USD: Dollar Down After Jobless Claims Rise

15/11/2012 16:13

ForexSpace.com (LONDON) - The dollar has deteriorated further against the euro after the amount of people claiming jobless benefits rose.  Jobless claims data released earlier this aft »

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GBP/CAD: Loonie Advances After Manufacturing Sales Figures

15/11/2012 14:24

ForexSpace.com (LONDON) - The Canadian dollar has rallied against the pound after manufacturing sales data came in better than expected.  During the month of September, sales rose by 0 »

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Dollar Broadly Lower On FOMC Minutes

15/11/2012 11:41

  • Dovish Minutes Keep USD Pressure On
  • Fiscal Cliff Weighs
  • USD/JPY Bucks The Trend

The US dollar continued to move lower against a basket of currencies Thursday as concerns over the impending US fiscal cliff and dovish FOMC minutes outweighed minor positives from the euro zone. Sta »

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Editor’s Morning Forex Review: Euro/Dollar Back To Flat

15/11/2012 09:20

  • King For A Day
  • Volatility Resurgence
  • Sterling Stays Down Against The USD

As the UK’s major trading partner shut up shop yesterday to indulge in its first ever pan-European general strike, Bank of England (BoE) governor Sir Mervyn King gave an insight into his analysi »

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UK Unemployment Falls and BOE Growth Estimate Lowered - Sterling Retraces Gains

14/11/2012 12:15

  • Unemployment Falls, Claimant Count Rises
  • 2013 Expected Growth Down To 1 Percent
  • Banks Have "lost faith" In QE

The pound rallied following the news that UK unemployment fell to its lowest level in over a year, but has since retraced such gains as the BOE lowers its 2013 growth estimate.   The number of »

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Editor’s Morning Forex Review: An Omnishambles Of A Eurofiscalcliffmageddon!

14/11/2012 08:08

  • New Words - Old Problems
  • Euro/Dollar Plunge Continues
  • Americans Split Over Fiscal Cliff

 

Much of southern Europe is brought to a standstill today thanks to widespread strike action by millions of citizens fed up with crippling austerity. Thus, with the euro zone mired in a deepening debt »

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Tucker’s Luck: Odds Narrow For BoE Governor Favourite

13/11/2012 14:33

  • Deputy Governor Now At 3-1 To Take The Job
  • BBC Journalist Backs Tucker
  • Worst Yet To Come For UK Banks?

Following the official deadline for applications to become the next governor of the Bank of England (BoE) on October 8, speculation over who will go on to take the dubious honour has been rife. The la »

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Euro Soggy As Greece Talks Run Into Agro

13/11/2012 12:21

  • Single Currency Slides Further Against The US Dollar
  • Further Downward Momentum Likely
  • USD Still The Safe Haven Harbour Amid Stormy Seas

In Greek mythology, the Argo was the ship in which Jason and the Argonauts sailed on their quest to retrieve the Golden Fleece. In English vernacular, the word Agro - as forex traders everywhere will »

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Greek Default Risk Dampened After Bond Sale - Euro Soars

13/11/2012 11:55

  • German Economic Sentiment Declines
  • Greece Given 2 More Years
  • Treasury Bills Sale Dampens Default Risk And Boosts Euro

The euro has retraced earlier losses against the US dollar following the sale of over 4 billion euro's worth of treasury bonds, easing the risk of default. The 17-nation currency »

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UK CPI Rockets In October

13/11/2012 09:48

  • CPI Hits 2.7 Percent From 2.2 Percent
  • BoE In The Frame
  • Quarterly Data Weighs Heavy

Today’s big data for Cable, UK CPI, has emerged way above above economist expectations for a 0.1/.2 percent rise in inflation for the month of October. The inflation rate jumped to 2.7 percent »

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Editor’s Morning Forex Review: Euro Goes The Whole Hog

13/11/2012 08:55

  • Slow Going Forward
  • EUD/USD Still On The Slide
  • Pigs In The Middle

Forex traders experienced a grindingly slow day yesterday, counting off the minutes till home time. By mid-afternoon, I for one had even resorted to calculating there were 43 days until Christmas. And »

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Japan GDP To Remain Weak Into December

12/11/2012 16:08

  • Growth Comes In On Expectation At -0.9 Percent For Q3
  • Plenty Of Downside Risk Remains - Credit Agricole
  • GDP Data Weighs Heavy

Japanese growth matched expectation in Q3, coming in bang on analyst expectations for 0.9 percent contraction and a 0.2 percent improvement on last year's figure.   This represented the steepes »

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Oil Slips On Greece...And Over A Cliff

12/11/2012 15:17

  • Greek Bailout Meeting Concerns Weigh
  • US Fiscal Cliff Looms
  • China Limits Losses

A weighty combination of US fiscal concerns and a growing sense of unease over Greece’s plan to secure a bailout served to squashed oil prices during US morning trade Monday. On the New York Me »

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Greece: Latest From the Crisis Zone

12/11/2012 14:12

  • Bailout Deal Still Yet To Be Finalised
  • Greek Populus Protest Further Cuts
  • Merkel Arrives In Portugal

Greece's debt management agency has declared that the country will not default when it pays off $5 billion owed to investors on short-term bonds set to mature on Friday. A further $5 billion wort »

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Dollar/Yen - Giving Pause For Thought

12/11/2012 13:57

  • Global Business Confidence At Three-Year Low
  • USD/JPY Support Comes In Around 77.5
  • Yen Still Looking Like A Loser

Big sighs all round: it’s all opened a bit flat, and no one seems to have much of an interest at the moment. So, looking for inspiration, and having caught sight of today’s Google-Doodle h »

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Bulls Called Upon To Halt The Selling

12/11/2012 11:26

  • A Quiet Session - But Will The Bulls Take The Strain
  • FTSE Flat At 5780
  • Euro Continues To Bomb Vs The USD

In the footsteps of last week’s volatility, forex traders are seeing a relatively calm start to this week on the currencies front. EUR/USD in particular remains at the same level it closed on Fr »

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More Big Brokers Report Depressed October Volumes

12/11/2012 10:51

Last week saw one of the world’s largest online brokers, ICAP, announce a massive drop in daily FX volumes on its electronic trading platform, EBS.  This week, Thomson Reuters have joined t »

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Editor’s Morning Forex Review: Seeing Stars!

12/11/2012 08:58

  • Can The Cliff Defy Gravity?
  • Market Volatility Still Turning Up The Heat
  • Euro/Dollar Finds 1.2736 Resistance

We open this week with the astronomical news that experts are preparing us for an imminent event singularity, threatening to atomize everything in its path. It promises to be quite a show, too, whereb »

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Saxo Capital Markets UK Chairman Delivers His Verdict On All Things FX

12/11/2012 07:00

Saxo Capital Markets UK chairman Nick Beecroft is something of an FX industry veteran, having worked in foreign exchange since the 1970s. From the rise of the euro zone to the demise of Lehman Brother »

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Summary Of Market Movements

12/11/2012 07:00

To put it mildly, there’s been plenty of volatility about since the US elections threw the equities world into negative mood at the prospects of higher taxes needed as part of the answer to reso »

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Trade Of The Week

12/11/2012 07:00

Another four years for Obama and another bite of the cherry at dampening the impending pressure of the fiscal cliff. The euro arguably is facing bigger concerns however, with the Greek parliament only »

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MAXIMUS TURNAROUNDUS!

12/11/2012 06:40

“At my signal,” said Maximus Decimus Meridius in the movie Gladiator, “unleash Hell!” Thus, up went the cry in the immediate aftermath of last week’s US election. The for »

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AUD/CAD - Where Will It Go?

09/11/2012 10:47

  • Strong Chinese Data Boosts Aussie
  • Loonie Ready To React To Fiscal Cliff
  • AUD "Egregiously Overvalued"

The AUD/CAD has been trading sideways so far on a quiet day of economic data. Yesterday the Aussie rose to its highest level in over two months against the Canadian dollar. But will this trend co »

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Editor’s Morning Forex Review: Is Draghi All Greece’d Out?

09/11/2012 09:06

* Beware The Trojan Bourse

* EURUSD Remains Stuck In A Medium-Term Range

* Did Someone Mention The Fiscal Cliff

"The ECB is by and large done," Draghi told his monthly press conference when quizzed what the bank could do for Greece. The euro zone is grappling to find a formula to make Greek debt sustainable, wi »

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Sterling Strikes Back After BOE Keeps Rates Unchanged

08/11/2012 14:04

The pound has advanced strongly for the second day against the dollar after the Bank of England (BoE) announced it would not extend its quantitative easing programme.  The Bo »

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Central Bank Thursday

08/11/2012 11:38

  • Has Draghi Been Dragging His feet?
  • BoE To Hold Back On Further QE
  • EuroDollar Indicators Still Bullish

In the wake of yesterday's widespread sell-off, European stock markets have been trading slightly higher this morning. Forex traders will be aware that today is interests rate day, with first the BoE »

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ICAP Volumes Down 46 Percent Y-O-Y

08/11/2012 11:10

  • October Volumes Average $96.2bn
  • Traders Blaming Range-Bound Currencies
  • Volatility Set To Rebound In Coming Months

Despite reporting an improved September after what turned out to be an extremely slow summer, ICAP’s FX ECN unit, EBS, has spun 180 degrees with daily FX volumes dive-bombing in October. Notchi »

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Aussie Flies; Analysts Question December Rate Cut

08/11/2012 10:04

  • October Jobs Report Beats Expectation
  • Risk Sentiment Dominates FX Trading Platforms
  • Aussie Rate Cut In Question

The Australian dollar found support Thursday thanks to a double-whammy of better-than-expected employment data for the month of October and the voting through of austerity measures in debt-laden Greec »

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Morning Forex Review: Making A Drama Out Of A Drama

08/11/2012 08:48

  • Euro Trading Lower Against The Dollar 
  • Dollar Trading Lower Against The Yen
  • Sterling Flat On Cable Charts

Don’t panic! That was the catchphrase made famous by the actor Clive Dunn, best known for his role of Lance Corporal "Jonesy" Jones in Dad's Army, who died yesterday at the grand old age of 92. »

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Won Hits 14 Month High On Continued Fed Easing Speculation

07/11/2012 11:53

  • Obama Win Boosts Currency
  • High Won Weakening Exports
  • Fed Expected To Continue Easing

The South Korean Won has been consistently bullish today, rising to a 14-month high against the dollar on, following the news that Barack Obama had been re-elected by the American people for the »

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Four More Years… But Of What?

07/11/2012 11:39

  • Risk Back – And Lovin’ It!
  • USD Sees A Knee-Jerk Sell-Off
  • Markets Thrown A Bone

Armed with another four years to complete his vision of change, which many would argue has barely got out of the starting blocks yet, President Obama’s re-election has done wonders for the marke »

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Gold Shines On Obama Win

07/11/2012 11:15

  • Gold Hits One-Week High
  • Dollar Sinks 0.3 Percent
  • Analysts Bullish On The Precious Metal

As the world wakes up to the news that Barack Obama has managed to fight off competition from Mitt Romney and will remain at the helm of the good ship USA for at least another term, gold is nudging hi »

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Romney Scrapes To Victory

07/11/2012 09:02

  • Fear, Loathing And Market Uncertainty
  • The Election Trail: It’s All Been Priced In!
  • For A Few Dollars More

Alas, for the Republicans who managed a few minutes sleep, those who perchanced to dream presumably did so of nocturnal newsstands emblazoned with the masthead above! On the other hand, Democrats asle »

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The World Awaits - US Election and Greek Bailout Concerns

06/11/2012 12:47

  • Will Greece Exit The Euro Zone?
  • EU PMI and German Manufacturing Negative
  • Markets Await US Election Results

The markets are waiting for something big. In 24 hours time the world will know who will be President of the United States for the next four years. But amid American election euphoria, Greek fears ove »

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Euro Under Pressure From Greek Woes

06/11/2012 12:22

  • Safe-Haven Bid Boosts The USD
  • America Twiddles While Greece Churns
  • ‘Clang’: There Goes That Tin Can Again!

The main event unfolding in the USA right now is justifiably hugely newsworthy, but from a serious threat to the world economy, the relative minnow of Greece still retains the whip hand in its potenti »

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US Election On A Knife Edge; Markets Uncertain

06/11/2012 11:18

  • Markets Await Election Results
  • Top Analyst Shares His USD Forecasts
  • GBP/USD Just Below 1.60

As America waits with bated breath to find out who will be in the White House, poll results show that the election may be set to deliver one of the closest results in history and investors are expecte »

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UK Retail Sales Decline

06/11/2012 09:59

  • Sales a "Disappointing Firework"
  • September Rise Reversed
  • Sterling Retraces Gains

UK retail sales fell in October as consumer confidence declined following a September surge. Retail sales, excluding sales from stores open for less than 12 months, dropped by 0.1 percent in October »

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Editor’s Morning Forex Review: Dollar’s Day Of Reckoning

06/11/2012 09:26

  • All Eyes On The USA
  • Greenback Enjoys Flight To Safety Status
  • Greece STILL The BIG Story?

It’s all about the USA today. Forex traders will be well aware of how the 2012 Presidential race has been touted as the most crucial, contentious, vicious, closely fought and expensive US electi »

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Interview with Nick Beecroft, Chairman, Saxo Capital Markets UK and Senior Markets Analyst

05/11/2012 16:38

I recently caught up with Saxo Capital Market’s UK chairman and FX industry veteran Nick Beecroft (pictured) to chat about upcoming risk events such the US Presidential election and their impact »

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Euro Bearish - Greece's Future In Doubt

05/11/2012 16:02

  • Final Round Of Greek Cuts?
  • Credit Conditions Worsening
  • Dollar Bullish Ahead of Election

The euro has fallen to its lowest level in almost 2 months amid speculation that Greece will find it difficult to qualify for bailout funds and posing a risk to its future in the euro zone. The 17-nat »

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Market Awaits The Main Event

05/11/2012 15:46

  • EuroDollar In 200-Day MA Flame-fest
  • PMI Squibs
  • Don’t Get Your Fingers Burnt!

It’s November the fifth, which means we’ll all be sensitive to the firework code: light the blue touch paper and retire to a safe distance. Similarly, on the eve of the US Presidential ele »

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Safe Haven Dollar Strong Ahead Of Manufacturing Data

05/11/2012 14:53

  • USD Strengthens Against Most Currencies
  • Greek Vote Weighs Heavy
  • USD/CAD Posts Session High

The US dollar continued to advance Monday afternoon, posting highs against the Canadian dollar and a number of other majors, as safe-haven hunters flocked to the greenback.  Ongoing uncertainty »

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GBP/USD: Sterling Falls On Poor Services Data

05/11/2012 12:53

ForexSpace.com (LONDON) - The pound has fallen to its lowest level in almost two weeks against the dollar after weaker than anticipated PMI services data.  The Markit services ind »

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Editor’s Morning Forex Review: Dollar Trending And Election Fever

05/11/2012 09:00

  • Fireworks, Fanfares And Fudge
  • Greenback Continues To Test Its 80.65 200-day SMA.
  • China Ushers In A New Era

Appropriately enough, as we embark upon a momentous week in politics, we do so four-hundred-and-seven-years to the day since a man of whom it is quipped was the only person ever to have entered parlia »

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And Now For The Whether Forecast

05/11/2012 07:00

Give or take the odd (sometimes very odd) lover from way back, or one’s own dear mother, the kids and that kickass Harley now safely tarpaulined in the garage that serves as a taunting reminder »

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Summary Of Market Movements

05/11/2012 07:00

The forex firmament has been full of discontent lately. For one thing, most charts seem to be getting really hard to read: if you’re looking at 8 indicators, you’ll just as likely get 4 th »

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When Disaster Strikes: How Would Your Broker Cope?

05/11/2012 07:00

Hundreds of businesses closed their doors to Superstorm Sandy’s malevolent winds as they whipped across the east coast of America last week. After a two and a half day hiatus, the eastern seaboa »

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Trade Of The Week

05/11/2012 07:00

With the US presidential election upon us, the outcome could have a profound effect on the dollar. Then again, it may not. It is believed that a Mitt Romney victory would boost US bond yields and sub »

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US Dollar Surges On ‘Presidential’ Non-Farm Payroll Report

02/11/2012 16:11

  • US Jobs Rise 171k
  • Fancy Some Risk
  • Gold Back Below 1700/oz

We close out the week with forex traders seeing a big chunk of risk on the US jobs report this afternoon courtesy of the Bureau of Labor Statistics. The October Non-Farms Payrolls surprised – ju »

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Euro And Sterling Fall Back On Manufacturing Data Gloom

02/11/2012 12:05

  • EZ PMI Bad Across The Board
  • Euro/Dollar Hit 1.2865 Lows
  • British Print Not Much better

Stock markets traded pretty flat this morning as the various participants treaded with caution ahead of the US Non-Farm Payrolls data. Mind you, forex traders have had something to get their teeth int »

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ZAR/USD: Rand Weakens On Slowed Growth

02/11/2012 11:46

ForexSpace.com (LONDON) - The rand has been bearish today against the dollar ahead of US non-farm payrolls and slowing economic growth in South Africa. Speculation suggests that easing »

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Not Going Long The Real Right Now

02/11/2012 09:15

  • Central Bank of Brazil’s Conundrum
  • Brazilian Manufacturing Contracts Again
  • Brazilian Real Remains Range Bound

Yesterday morning, Brazil’s national statistical agency, IBGE (Instituto Brasileiro de Geografia e Estatística) released September Industrial Production data illustrating the continued sl »

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