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 ? Stuggling Pound Falls Below 1.69

GBP/USD ? Stuggling Pound Falls Below 1.69

From Market Pulse FX, today, Similar articles

GBP/USD continues its losing ways on Thursday, as the pair below the 1.69 level in the North American session. The pound has surrendered about 100 points this week to the surging US dollar. In economic news, British Nationwide HPI posted a weak gain of 0.1%. In the US, Unemployment Claims softened, but met expectations. The British pound continues to head south, and dropped below 1.69 on Thursday, its lowest level since mid-June. The currency didn’t get any help from Nationwide...

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USD/CAD ? Loonie Improves on Canadian GDP

USD/CAD ? Loonie Improves on Canadian GDP

From Market Pulse FX, today, Similar articles

USD/CAD has dipped below the 1.09 level in Thursday’s North American session, as the Canadian dollar has halted its recent slide. The loonie received some much-needed help as Canadian GDP beat the estimate and posted a 0.4% gain in June. South of the border, US Unemployment Claims softened, coming in at 302 thousand. The Canadian dollar has had a rough week, as USD/CAD climbed above the 1.09 for the first time since mid-June. The loonie has showed some life on Thursday, courtesy...

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AUD/USD ? Struggling Aussie Dips Below 93

AUD/USD ? Struggling Aussie Dips Below 93

From Market Pulse FX, today, Similar articles

AUD/USD continues to lose ground on Thursday, as the pair trades below the 0.93 level early in the North American session. The pair has surrendered over 100 points this week and is trading at its lowest level since early April. On the release front, Australian Building Approvals was down sharply and US Unemployment Claims met expectations. Australian Building Approvals tends to show strong fluctuations, making accurate forecasts a tricky task. After a strong gain in May, the key...

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GBP/USD ? Pound Slide Continues as US GDP Soars

GBP/USD ? Pound Slide Continues as US GDP Soars

From Market Pulse FX, yesterday, Similar articles

GBP/USD continues to lose ground on Wednesday, as the pair trades at the 1.69 line in the North American session. The sagging pound has now lost close to 200 points in the past week.  On the release front, US Advance GDP was excellent, jumping 4% in Q2. Elsewhere in the US, ADP Nonfarm Payrolls softened in June, and the Federal Reserve will release a policy statement later in the day. In the UK, today’s sole release is GfK Consumer Confidence, with the markets expecting a slight...

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USD/JPY ? Dollar Hits Six-Week Highs on Dismal Japanese Data

USD/JPY ? Dollar Hits Six-Week Highs on Dismal Japanese Data

From Market Pulse FX, yesterday, Similar articles

USD/JPY continues to post gains on Wednesday, as the pair has climbed to the low-102 range. The yen has been struggling, and has surrendered about 100 points in just over a week. On the release front, it’s a busy day, with three key events out of the US – Advance GDP, ADP Nonfarm Payrolls and the Federal Reserve Policy Statement. We could see some strong movement in the markets following these releases. In Japan, Preliminary Industrial Production disappointed on Wednesday, posting...

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USD/CAD ? Sagging Loonie Drops to Five-Week Lows

USD/CAD ? Sagging Loonie Drops to Five-Week Lows

From Market Pulse FX, 2 days ago, Similar articles

The shaky Canadian dollar has resumed its losing ways on Tuesday. USD/CAD has risen to the mid-1.08 range, its highest level since mid-June. On the release front, CB Consumer Confidence stunned the markets, pushing above the 90-point level for the first time since late 2007. There are no Canadian releases on Tuesday. If CB Consumer Confidence is any indication, the US consumer is brimming with optimism about the economy. The key indicator jumped to 90.9 points, crushing the estimate of 85.5...

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GDP/USD ? Little Movement as US Housing Data Dips

GDP/USD ? Little Movement as US Housing Data Dips

From Market Pulse FX, 3 days ago, Similar articles

GBP/USD is steady on Monday as the pair trades slightly below the 1.70 line in the North American session. The pound has been struggling, having given up about 150 points in little over a week. In economic news, US Pending House Sales were dismal, posting a decline of 1.1%. There are no British releases on Monday. US housing numbers were dismal on Monday. Pending Home Sales came in at -1.1% in June, the worst reading we’ve seen in 2014 from the key housing indicator. The reading was...

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USD/CAD ? Rangebound Trade Continues

From Market Pulse FX, 3 days ago, Similar articles

The Canadian dollar finds itself above the 1.08 line, following losses late last week against its US counterpart. In the US, Flash Services PMI was almost unchanged in June. Pending Home Sales shocked with a decline of 1.1%, its worst showing in 2014. There are no Canadian releases on Monday. The US ended last week on a high note, courtesy of strong data from the manufacturing sector. Core Durable Goods Orders jumped 0.8%, beating the estimate of 0.6%, and rebounding nicely from a decline...

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Gold Kicks Off Week With a Whimper

Gold Kicks Off Week With a Whimper

From Market Pulse FX, 3 days ago, Similar articles

Gold is flat on Monday, as the spot price stands at $1304.37 in the European session. On the release front, it’s a quiet day, highlighted by Pending Home Sales. In the US, a mostly positive week ended on a high note, as durable goods data exceeded expectations. Core Durable Goods Orders jumped 0.8%, beating the estimate of 0.6%, and rebounding nicely from a decline of 0.1% in May. Durable Goods Orders followed suit, posting a gain of 0.7%, compared to a weak reading of -1.0% last...

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This Week: Suit Up, Strap In, And Be Dollar Ready

This Week: Suit Up, Strap In, And Be Dollar Ready

From Market Pulse FX, 3 days ago, Similar articles

Last week saw global markets fluctuate between corporate earnings and geopolitical conflicts. There was an excess of negative news out of Israel and eastern Ukraine, with each region's headlines countering much of the decent U.S. and European quarterly earnings reports. On the whole, the reports were relatively good, despite a couple of curve balls thrown by usually consistent heavy hitters (Amazon, McDonalds). U.S. housing data continues to be mixed, inflation subdued, while weekly jobless...

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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
1.577 CAD - Canadian Dollar
12.521 ZAR - South African Rand

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