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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Gold ? Eases Back to Key $1240 Level

Gold ? Eases Back to Key $1240 Level

From Market Pulse FX, today, Similar articles

Gold for Thursday, October 23, 2014 Over the last few days to finish out last week Gold ran into the previous key level at $1240 which has resisted and forced gold a little lower, however it has since surged higher to a five week high at $1255 in the last few days, before recently easing back to the key $1240 level.  For the last several weeks Gold has enjoyed solid support at $1215 after falling strongly a couple of few ago from $1240 to just below $1215, however a few weeks ago it dropped...

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Australia 200 ? Eases Away in Reaching for Key 5400 Level

Australia 200 ? Eases Away in Reaching for Key 5400 Level

From Market Pulse FX, today, Similar articles

Australia 200 for Thursday, October 23, 2014 Since the beginning of September the Australia 200 Index has declined strongly from its multi-year high after running into resistance around 5650 back to enter its previously established trading range between 5400 and 5500, before falling further below 5200 and to an eight month low around 5120 a couple of weeks ago. It has however enjoyed a solid resurgence over the last week or so after getting much needed support from the 5200 level and it is...

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AUD/USD ? Remains Steady Below Resistance at 0.88

AUD/USD ? Remains Steady Below Resistance at 0.88

From Market Pulse FX, today, Similar articles

AUD/USD for Thursday, October 23, 2014 During the last few weeks the Australian dollar has done well to stop the bleeding and trade within a wide range roughly between 0.8650 and 0.88. Prior to that it had experienced a sharp decline throughout September which saw it move from close to 0.94 down to below 0.8650 and an eight month low in the process. Despite the current resistance at 0.88, it was able to move through to a two week high above 0.8900 a couple of weeks ago before recently falling...

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Gold ? Surges to Five Week High Above $1255

Gold ? Surges to Five Week High Above $1255

From Market Pulse FX, yesterday, Similar articles

Gold for Wednesday, October 22, 2014 Over the last few days to finish out last week Gold ran into the previous key level at $1240 which has resisted and forced gold a little lower, however it has since surged higher to a five week high at $1255 in the last 24 hours.   For the last several weeks Gold has enjoyed solid support at $1215 after falling strongly a couple of few ago from $1240 to just below $1215, however a few weeks ago it dropped to its lowest level in 2014 near $1180. Since...

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Australia 200 ? Within Reach of Key 5400 Level

Australia 200 ? Within Reach of Key 5400 Level

From Market Pulse FX, yesterday, Similar articles

Australia 200 for Wednesday, October 22, 2014 Since the beginning of September the Australia 200 Index has declined strongly from its multi-year high after running into resistance around 5650 back to enter its previously established trading range between 5400 and 5500, before falling further below 5200 and to an eight month low around 5120 a couple of weeks ago.  It has however enjoyed a solid resurgence over the last week or so after getting much needed support from the 5200 level and it is...

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AUD/USD ? Remains Below Resistance at 0.88

AUD/USD ? Remains Below Resistance at 0.88

From Market Pulse FX, yesterday, Similar articles

AUD/USD for Wednesday, October 22, 2014 During the last few weeks the Australian dollar has done well to stop the bleeding and trade within a wide range roughly between 0.8650 and 0.88. Prior to that it had experienced a sharp decline throughout September which saw it move from close to 0.94 down to below 0.8650 and an eight month low in the process. Despite the current resistance at 0.88, it was able to move through to a two week high above 0.8900 a couple of weeks ago before recently...

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USD/CAD ? Canadian Dollar Strengthens, US Housing Data Jumps

USD/CAD ? Canadian Dollar Strengthens, US Housing Data Jumps

From Market Pulse FX, yesterday, Similar articles

The Canadian dollar has posted gains on Tuesday, as USD/CAD trades in the low-1.12 range in the North American session. On the release front, it’s a very quiet day, with no Canadian events on the schedule. In the US, the sole release was Existing House Sales. The important indicator climbed to 5.17M, up from 5.05M last month, its best performance in a year. The strong reading easily beat the estimate of 5.11M. Canadian releases started the week in good form, as Wholesale Sales...

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Brazilian Real Retains Weakness During Election Week

Brazilian Real Retains Weakness During Election Week

From Top Forex News, yesterday, Similar articles

The Brazilian real fell today due to uncertainty about the outcome of the presidential elections that scheduled to October 26. Current polls show that the incumbent President Dilma Rousseff has more voters, and this is not welcomed by investors.(...)Read the rest of Brazilian Real Retains Weakness During Election Week (64 words) Posted on Forex News.

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CAD Turns Down, Positive Data Doesn't Help

CAD Turns Down, Positive Data Doesn't Help

From Top Forex News, yesterday, Similar articles

The Canadian dollar started the week with losses against some of its major peers, including the euro and the Japanese yen, and continued to fall today. Monday’s economic data was positive, but it did not help the currency.(...)Read the rest of CAD Turns Down, Positive Data Doesn’t Help (121 words) Posted on Forex News.

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GBP/USD ? Pound Steady in Light Trade

GBP/USD ? Pound Steady in Light Trade

From Market Pulse FX, 2 days ago, Similar articles

The pound is calm on Monday, as GBP/USD trades in the mid-1.61 range. On the release front, it’s a very quiet start to the week, with no releases out of the UK. In the US, today’s sole release is a speech from FOMC member Jeremy Powell. On Sunday, British Rightmove HPI posted a sharp gain of 2.6%, its best performance in five months. US releases wrapped up the week on a high note, as UoM Consumer Sentiment climbed to 86.4 points, its highest reading since July 2007. The markets...

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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
12.521 ZAR - South African Rand
2.012 SGD - Singapore Dollar

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