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May 23, 13 •
2758 Views •
Forex News •
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Comments Off on AUD/USD extends its downside, around 0.9610
2013-05-23 06:27 GMT The Aussie dollar continues its relentless march south on Thursday, threatening to breach the key support at 0.9600. The flash manufacturing PMI gauged by HSBC in the Chinese economy contracted below the key 50 threshold in May. The print...
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May 22, 13 •
2779 Views •
Forex News •
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Comments Off on Flash: We still think an RBA cut in June remains unlikely – NAB
As market participants continue to debate whether the RBA will decide to act with another interest rate cut at the next meeting, some analysts point to the recently released Westpac Consumer Confidence numbers as a sign that consumer sentiment hasn’t...
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May 22, 13 •
2542 Views •
Forex News •
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Comments Off on Forex: EUR/USD around 1.2910 ahead of EMU data
The shared currency is prolonging its correction lower fro overnight highs around 1.2940 on Wednesday, retracing ground to the current area of 1.2910/15. Next on tap in the euro area will be the Current Account figures during March. Consensus expects the...
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May 21, 13 •
2463 Views •
Forex News •
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Comments Off on Germany: Annual Producer Price Index grows 0.1% in March
On an annual basis the German PPI increased 0.1% in April, down from the 0.4% growth in March, according to data released today by Destatis. Analysts pointed to a 0.2% rise. On a monthly basis PPI fell 0.2% in April, after dropping 0.2% in March and slightly...
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May 21, 13 •
2752 Views •
Forex News •
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Comments Off on EUR/USD eyes 1.2900 after German PPI
The bloc currency is now picking up pace towards the key resistance at 1.2900 on Tuesday, after Producer Prices in Germany rose less than expected during the month of April. Disinflation continues to hover over the euro area, as Producer Prices in the German...
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May 20, 13 •
2567 Views •
Forex News •
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Comments Off on USD/CAD sideways trading at 1.0276/82
The USD/CAD has continued its sideways path during European trading Monday, having spanned a modest 27-pip range thus far (1.0271 -1.0298). According to the ICN.com technical analyst team, “The USD/CAD moved to the upside sharply last week and is...
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May 20, 13 •
2371 Views •
Forex News •
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Comments Off on EUR/USD climbs to highs around 1.2870
Sudden buying interest is now lifting the shared currency to session highs in the vicinity of 1.2870 on Monday, ahead of second-tier data from Italian industrial sector due later. “The prolonged period of recession in the euro-zone and building...
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May 19, 13 •
2428 Views •
Forex News •
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Comments Off on Flash: A cocktail supporting USD/JPY gains during the 6 to 12 mth horizon
After rising 600 pips in May from 97.00 in May 1st, the USD/JPY is now trading above the 103.00 level and according to the Rabobank analyst team, the perspective is positive in the long term. "At present the increase in risk appetite in the financial...
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May 19, 13 •
2440 Views •
Forex News •
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Comments Off on Wall Street rallies on upbeat economic data
New highs to end the week in the US stocks market as investor's confidence was fueled by a better than expected economic data. Impressive rally in Wall Street as stocks extended rally late in day after a good opening. This is the fourth straight week of...
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May 16, 13 •
2547 Views •
Forex News •
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Comments Off on Wall Street closes at new record highs
Another day and another record high in the US stocks market as investors continues with its bullish sentiment as market took worse than expected economic data as the hope for ongoing central bank stimulus. Google's share jumped above the $900 but Apple...
