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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GBP/USD ? Pound Improves on Strong UK Job Data

GBP/USD ? Pound Improves on Strong UK Job Data

From Market Pulse FX, yesterday, Similar articles

The pound pushed above the 1.63 line on Wednesday, marking a two-week high for GBP/USD. The currency received a helping hand from strong UK employment numbers, as Claimant Count Change dropped sharply and the unemployment rate continued to improve. As well, Average Earnings Index beat the estimate. In the US, the news was not as cheery, as Core CPI slipped to -0.2% last month. The Federal Reserve will release a statement later in the day following its policy meeting. The struggling British...

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USD/CAD ? Canadian Dollar Rally Continues as US CPI Falters

USD/CAD ? Canadian Dollar Rally Continues as US CPI Falters

From Market Pulse FX, yesterday, Similar articles

The Canadian dollar continues to post gains, as USD/CAD has dropped below the 1.10 line on Wednesday. The loonie has gained about 150 points this week, recovering most of the losses sustained last week. On the release front, US inflation numbers remain weak, as Core CPI slipped to -0.2% last month. The Federal Reserve will release a statement following its policy meeting. There are no Canadian releases on Wednesday. There was good news from Canada’s manufacturing sector, as...

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GBP/USD ? Limited Movement Ahead of British Inflation Data

GBP/USD ? Limited Movement Ahead of British Inflation Data

From Market Pulse FX, 3 days ago, Similar articles

The British pound has started the week quietly, as GBP/USD trades in the mid-1.62 range in Monday’s North American session. The sole event out of the UK is the BoE quarterly bulletin, a minor event. On Tuesday, the UK releases a host of inflation indicators, led by CPI. In the US, the Empire State Manufacturing Index jumped to 27.5 points in August, well above expectations. US numbers wrapped up last week on a high note. Core Retail Sales improved to 0.3%, edging above the...

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USD/CAD ? Canadian Dollar Steady After Recent Slide

USD/CAD ? Canadian Dollar Steady After Recent Slide

From Market Pulse FX, 3 days ago, Similar articles

USD/CAD is steady on Monday, as the pair trades in the mid-1.10 range in the North American session. The Canadian dollar is coming off a rough week in which it lost about 200 points to its US cousin. In economic news, the Empire State Manufacturing Index jumped to 27.5 points in August, well above expectations. There are no Canadian releases on Monday. US numbers wrapped up last week on a high note. Core Retail Sales improved to 0.3%, edging above the estimate of 0.2%. Retail Sales posted a...

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AUD/USD ? Sinking Aussie Fights to Stay Above 90 Line

AUD/USD ? Sinking Aussie Fights to Stay Above 90 Line

From Market Pulse FX, 3 days ago, Similar articles

Last week was one to forget for the slumping Aussie, as the currency coughed up more than 300 points to the surging US dollar. On Monday, AUD/USD is stable, as the pair trades slightly above the psychologically significant 0.90 level. On the release front, Australian New Motor Vehicle Sales stalled, posting a decline of 1.8% last month. The markets are keeping a close eye on the RBA minutes, which will be released early on Tuesday. In the US, the Empire State Manufacturing Index jumped to...

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Basis, Edin, and Forefront: A Look at Business Themes

Basis, Edin, and Forefront: A Look at Business Themes

From Foreign Currency Advice, 6 days ago, Similar articles

We add new themes to the Theme Showcase each week, including free and premium themes for businesses, organizations, and your professional projects. Here’s a trio of business themes transformed by three very different types of users: a professional travel and food writer, a Buddhist podcast host, and a fly fishing outfitter in Australia. roam & home Chicago-based travel and food curator Karen Valentine, the founder of roam & home, presents a beautifully designed site with Basis, a...

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Week in FX Asia ? Japan's Sales Tax Headache to Force BOJ Intervention

Week in FX Asia ? Japan's Sales Tax Headache to Force BOJ Intervention

From Market Pulse FX, 6 days ago, Similar articles

USD/JPY Rises to above 107 on strong dollar Kuroda and Abe discuss BOJ further stimulus Australian Dollar on the back foot despite impressive employment figures The rise of the USD has been unstoppable as positive economic data has convinced the market that the Federal Reserve will hike rates sooner rather than later. The USD/JPY has broken the 107 barrier and has further to advance as BOJ Governor meets with the PM Shinzo Abe to confirm that the central bank will act when needed. This time...

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Week in FX Americas ? Will the Fed Deliver'

Week in FX Americas ? Will the Fed Deliver'

From Market Pulse FX, 6 days ago, Similar articles

Market hanging on two words from the Fed Has the NFP miss reduced the Fed’s urgency' US 10′s in their longest losing streak in 12-months The mere thought that the U.S. Federal Reserve is about to change its rhetoric has been enough to scare the markets of late. Will it come in next Wednesday’s Federal Open Market Committee (FOMC) statement' This very question has been torturing all asset classes: bonds, equities, and forex. Expect investors to be focusing on just a...

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GBP/USD ? Pound Slips, Recovers After Carney Rate Remarks

GBP/USD ? Pound Slips, Recovers After Carney Rate Remarks

From Market Pulse FX, 1 weeks ago, Similar articles

The British pound has had a busy Wednesday. In the North American session, GBP/USD is trading in the mid-1.61 range. The pound slipped about 100 points earlier in the day, but recovered after BoE Governor Mark Carney testified at the Inflation Report Hearings that the point that interest rates will be raised has moved closer. There are no major releases out of the US on Wednesday. US numbers continue to point to a deepening recovery, but the labor market is showing some troubling signs....

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USD/CAD ? Weak Canadian Dollar Flirting With 1.10

USD/CAD ? Weak Canadian Dollar Flirting With 1.10

From Market Pulse FX, 1 weeks ago, Similar articles

The Canadian dollar is steady on Wednesday, as USD/CAD continues to trade slightly below the 1.10 line, close to 4-month lows. The loonie has lost about one cent this week, as the surging US dollar continues to steamroll over its major rivals. On the release front, there were no major releases out of the US or Canada. On Thursday, we’ll get a look at US Unemployment Claims, a key release which could move the markets. US numbers continue to point to a deepening recovery, and the...

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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
12.521 ZAR - South African Rand
2.012 SGD - Singapore Dollar

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