A busy week

A busy week

From Currencies Direct blog, 2 years ago Similar articles

Last week saw significant risk aversion played out as stock markets dropped dramatically where as this week looks a little firmer. Articles in the Italian media suggest that the International Monetary Fund (IMF) is preparing a ?600 billion deal for Italy in the event of deterioration in the debt crisis- this could provide market support in the early part of the week. Further support may also come from reports in Germany that German Chancellor Merkel and French President Sarkozy are putting...

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Euro Loses Ground by Weekend

Euro Loses Ground by Weekend

From Top Forex News, yesterday, Similar articles

Initially, it looked like this trading week would be another week of consolidation for the euro. Yet the shared 18-nation currency lost its ground by the weekend due to combined influence of poor economic indicators and comments from European policy makers.(...)Read the rest of Euro Loses Ground by Weekend (117 words) Posted on Forex News.

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Week in FX Americas ? Dollar Strengtens Thanks to China and Draghi

Week in FX Americas ? Dollar Strengtens Thanks to China and Draghi

From Market Pulse FX, 2 days ago, Similar articles

US Dollar higher against most majors after China Stimulus and Draghi's statement Federal Reserve Minutes show lack of concern from foreign headwinds Canadian dollar riding commodities surge after China's Central Bank decision The EUR/USD continued to fall this week after European Central Bank President Mario Draghi urged European Union leaders to do whatever it takes to avoid stagnation. Whatever it takes in this case is quantitative easing. Sovereign bond-buying to increase liquidity and...

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Week in FX Asia ? China's Surprise Rate Cut Jolts Currency Markets

Week in FX Asia ? China's Surprise Rate Cut Jolts Currency Markets

From Market Pulse FX, 2 days ago, Similar articles

People’s Bank of China cuts rate to 5.6% Japan’s parliament is dissolved and tax hike on paused The Chinese central bank made headlines on Friday morning with a surprise rate cut designed to avoid falling short of its growth target this year. The People’s Bank of China (PBoC) had tried smaller stimulus packages earlier this year with limited success. Beijing started a campaign about China falling short of its projected 7.5% growth this year, and that all things...

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Gold ? Makes Another Run at Resistance at $1200

Gold ? Makes Another Run at Resistance at $1200

From Market Pulse FX, 3 days ago, Similar articles

Gold for Friday, November 21, 2014 In the last couple of days Gold has made repeated runs at the resistance level at $1200 and failed every time.  In recent hours it has traded above the $1190 level after failing yet again.  In the last week or so Gold has enjoyed a strong resurgence back to the key $1200 level where it has met stiff resistance. Throughout the second half of October gold fell very strongly and resumed the medium term down trend falling from above $1250 back down through the...

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Australia 200 ? Falls to One Month Low Below 5300

Australia 200 ? Falls to One Month Low Below 5300

From Market Pulse FX, 3 days ago, Similar articles

Australia 200 for Friday, November 21, 2014 Over the last week or so the Australia 200 index has returned some of its recent gains falling from above 5550 down to a one month low below 5300.  It has found some support around 5340 which has propped it up a little in the last day.  Prior to that it had enjoyed a solid resurgence throughout October after getting much needed support from the 5200 level, which has resulted in it moving back above the 5400 and 5500 levels, around a two month...

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AUD/USD ? Now Meeting Resistance at 0.8650

AUD/USD ? Now Meeting Resistance at 0.8650

From Market Pulse FX, 3 days ago, Similar articles

AUD/USD for Friday, November 21, 2014 In the last couple of days the Australian dollar has dropped sharply back through the support level at 0.8650 and is now threatening to remain below this level.  It has rallied higher in the last 12 hours or so however it has met resistance at the key 0.8650 level.  Prior to the strong fall, over the last week or so the Australian dollar has been able to rally higher and bounce off multi year lows around 0.8550 and in doing so has moved back within the...

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GBP/USD ? Little Change After Key US, UK Numbers

GBP/USD ? Little Change After Key US, UK Numbers

From Market Pulse FX, 3 days ago, Similar articles

GBP/USD has posted small gains on Thursday, as the pair trades in the high-1.56 range in the North American session. On the release front, it’s been a busy day, with a host of key releases out of the US and UK. British Retail Sales impressed with a 0.8% gain, while Industrial Order Expectations surprised the markets with a strong gain of 3 points. Over in the US, consumer inflation met expectations, as CPI came in at 0.0% and Core CPI posted a gain of 0.2%. Unemployment Claims were...

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USD/CAD ? Canadian Dollar Improves on Sharp Wholesale Sales

USD/CAD ? Canadian Dollar Improves on Sharp Wholesale Sales

From Market Pulse FX, 3 days ago, Similar articles

The Canadian dollar has posted modest gains on Thursday, as USD/CAD trades at the 1.13 line. On the release front, Canadian Wholesale Sales jumped 1.8% in September. Over in the US, there have been plenty of key events to keep the markets busy. CPI and Core CPI met expectations, as CPI came in at 0.0% and Core CPI posted a gain of 0.2%. Unemployment Claims were almost unchanged, with a reading of 291 thousand. Philly Fed Manufacturing Index soared to 40.8 points and US Existing Home Sales...

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AUD/USD ? Aussie Stabilizes After Sharp Losses

AUD/USD ? Aussie Stabilizes After Sharp Losses

From Market Pulse FX, 3 days ago, Similar articles

AUD/USD has steadied on Thursday, as the pair trades just above the 0.86 line. The Aussie slumped on Thursday, losing 100 points. It was a busy day in the US, with a host of key releases. CPI and Core CPI met expectations, as CPI came in at 0.0% and Core CPI posted a gain of 0.2%. Unemployment Claims were almost unchanged, with a reading of 291 thousand. Philly Fed Manufacturing Index soared to 40.8 points and US Existing Home Sales improved to 5.26 million. There are no Australian releases...

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Gold ? Resistance at $1200 Stands Tall

Gold ? Resistance at $1200 Stands Tall

From Market Pulse FX, 4 days ago, Similar articles

Gold for Thursday, November 20, 2014 In the last few hours Gold has been easing back towards $1180 after making a couple of runs at the resistance level at $1200 and failing.  In the last week or so Gold has enjoyed a strong resurgence back to the key $1200 level where it has met stiff resistance. Throughout the second half of October gold fell very strongly and resumed the medium term down trend falling from above $1250 back down through the key $1240 level, down below $1200 to a multi year...

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EXCHANGE RATES

1 GBP = 1.221 EUR
1.599 USD - U.S. Dollar
12.406 HKD - Hong Kong Dollar
1.581 CAD - Canadian Dollar
12.53 ZAR - South African Rand
2 SGD - Singapore Dollar
1.469 CHF - Swiss Franc
1.542 AUD - Australian Dollar
1.551 USD - U.S. Dollar
12.048 HKD - Hong Kong Dollar

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