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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USD/CAD ? Flat As Canadian Retail Sales Slip

USD/CAD ? Flat As Canadian Retail Sales Slip

From Market Pulse FX, yesterday, Similar articles

The Canadian dollar continues to have an uneventful week as USD/CAD trades in the mid-1.10 range in Wednesday’s North American session. Canadian retail sales numbers dropped in March, but did matched expectations. South of the border, US New Home Sales was dismal, sliding to an eight-month low. Canadian Core Retail Sales, one of the most important economic indicators, posted a 0.6% gain, down from 1.0% a month earlier. However, this did match the estimate. It was a similar story with...

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Faisal Khan's Blog: Around The Coin Podcast (Episode 14) ? The Changing Landscape of Remittances

Faisal Khan's Blog: Around The Coin Podcast (Episode 14) ? The Changing Landscape of Remittances

From PakBlogging.com, yesterday, Similar articles

  This week on Around the Coin we talk about the ?Changing Landscape of Remittances'.  Our in-house expert, Faisal Khan explains the current state of world remittances and a few major business opportunities over the next few years. Around the Coin. – What are remittances' – How big is the remittance industry' – It fast are remittances growing' – How is technology and the new payment methods changing the remittance landscape' –...

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USD/CAD ? Unchanged As Canadian Wholesale Sales Jumps

USD/CAD ? Unchanged As Canadian Wholesale Sales Jumps

From Market Pulse FX, 2 days ago, Similar articles

The Canadian dollar is almost unchanged on Tuesday, as USD/CAD trades just above the 1.10 line in the North American session. On the release front, Canadian Wholesale Sales hit a four-month high. There was good news out of the US as well, as Existing Home Sales remained steady and the Richmond Manufacturing Index surged in March. As well, the House Price Index, a minor indicator, met expectations. Canadian releases started the week on a positive note, as Wholesale Sales jumped 1.1% in...

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AUD/USD ? Firm Ahead of US Housing Sales

AUD/USD ? Firm Ahead of US Housing Sales

From Market Pulse FX, 2 days ago, Similar articles

AUD/USD has posted slight gains in Tuesday trading. The pair continues to trade at high levels, as the pair remains in the mid-0.93 range early in the North American session. On the release front, Tuesday’s key event is US Existing Home Sales. The indicator has been softening, and the markets expect the downward trend to continue. Australian CB Leading Index showed little change in March. The markets are waiting for Australian CPI, this week’s major event, which will be...

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Gold Prices Steady As Markets Back in Action After Easter Holiday

Gold Prices Steady As Markets Back in Action After Easter Holiday

From Market Pulse FX, 2 days ago, Similar articles

Gold prices are flat in Tuesday trading, as the markets return to action after the Easter holiday. In the European session, the spot price is $1291.69. On the release front, today’s key event is Existing Home Sales. The indicator has been on a downward spiral, and this is expected to continue in the March release. Will the indicator surprise the markets and rebound higher' US releases ended the week on a high note, as employment and manufacturing numbers were strong. The...

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EUR/USD ? Slight Gains As Euro Pushes Above 1.38

EUR/USD ? Slight Gains As Euro Pushes Above 1.38

From Market Pulse FX, 2 days ago, Similar articles

EUR/USD is showing limited movement in Tuesday trade, as the pair sticks close to the 1.38 line. It’s been a quiet week so far, as the European markets were closed on Monday for the Easter break. In economic news, the only Eurozone release today is the Consumer Confidence. Tuesday’s key event in the US is Existing Home Sales. The indicator has been on a downward spiral, and this is expected to continue in the March release. US releases ended the week on a high note, as...

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EUR Strangled By Options, GBP Awaits BoE

EUR Strangled By Options, GBP Awaits BoE

From Market Pulse FX, 2 days ago, Similar articles

Global equities have managed to stage a small rebound from last week’s lows as markets reopen after a four-day holiday break. It would seem that some investors are growing less concerned about tensions in Ukraine and are confident about the U.S. first-quarter earnings season so far. For the majority of investors, geopolitical issues in Ukraine will continue to cast a shadow on sentiment – hence the lack of forex movement in the overnight session, apart from the yen recovering some...

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Market Moving Economic Events BOE Minutes and Japan Inflation

Market Moving Economic Events BOE Minutes and Japan Inflation

From Market Pulse FX, 3 days ago, Similar articles

The Easter holiday continues this week as some major markets are taking Monday off. Wednesday will bring major data releases from Australia on the inflation front. The Bank of England minutes will also be released. They will give more insight into Governor Carney’s decision to hold rates as the how the members voted on different topics. There was no surprise at the BOE announcement given that the central bank had originally mentioned that rates would remain low even as their previous...

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Yields ? Bond Prices Rally On Easter Monday

Yields ? Bond Prices Rally On Easter Monday

From Market Pulse FX, 3 days ago, Similar articles

Betting against US Treasury’s this year is turning out to be rather an expensive undertaking for some. Since early last month many investors and traders have been betting against US bond prices rallying. However, Ms. Yellen seems to have thrown a “cat amongst the pigeons” especially since she has signaled that the Fed was not in a rush to lift interest rates, two weeks after suggesting the opposite at the bank’s March 19 meeting. Yellen indicated last week that the US...

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USD/JPY ? Big Week for Japan

USD/JPY ? Big Week for Japan

From Market Pulse FX, 3 days ago, Similar articles

USD/JPY is bid on another fall in trade data in the overnight session. Japan’s bigger-than-expected rise in its March trade deficit ($14b deficit)– imports surge and exports remain subdued — has encouraged investors to sell the yen. It seems that some are happy to treat the latest disappointment in the Japanese trade balance as reason enough for more speculation over the Bank of Japan (BoJ) turning less neutral in favor of more easing. Japan’s March trade deficit is...

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EXCHANGE RATES

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

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