A busy week

A busy week

From Currencies Direct blog, 3 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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AUD/USD ? Enjoying Support From Key 0.7850 Level

From Market Pulse FX, today, Similar articles

AUD/USD for Friday, May 22, 2015 In the last week the Australian dollar has fallen sharply from above 0.8150 down to a two week low near 0.7850, where it has enjoyed solid support from this key level.  Last week the Australian dollar enjoyed a solid week which culminated in a new three month high above 0.8150 in the middle of last week before easing lower. The last few weeks has seen the Australian dollar on a roller-coaster ride moving from below 0.78 and up to near 0.82. A couple of weeks...

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Will There Be a Fed Rate Hike in June'

Will There Be a Fed Rate Hike in June'

From Market Pulse FX, 2 days ago, Similar articles

The USD got a shot in the arm this week with a little help from a central bank. Last month, the Federal Reserve gave the buck a jolt when the Federal Open Market Committee (FOMC) meeting minutes showed an optimistic Fed in the face of a possible U.S. economic slowdown. This time it was comments from European Central Bank (ECB) officials that impacted the currency market. Benoît Coeuré and Christian Noyer, French members of the ECB's executive board, revealed details about the massive...

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EUR Bears Put the Boot In

EUR Bears Put the Boot In

From Market Pulse FX, 2 days ago, Similar articles

ECB members deliver single currency a massive blow Bund curve flattens on front-loaded comments EUR breaks through psychological ?1.1200 handle BoE’s Carney not worried about deflation Last month's Bund rout that caused yields to spike and Treasury-Bund spreads to tighten supported the EUR. Any comments that would flatten the Bund yield curve would have an immediate negative impact on the common currency. Last week, European Central Bank (ECB) President Mario Draghi fired the first...

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UPDATE: Sterling settles after initial surge on Conservative election triumph

UPDATE: Sterling settles after initial surge on Conservative election triumph

From The FairFX Foreign Currency Exch, 2 days ago, Similar articles

Sterling settles after initial surge on Conservative election triumph Now that the votes are in and we have a confirmed majority Conservative government, there are 2 key things to watch out for in the next week which could impact consumers' pockets. 1. The outcome of the UK general election Now that the General Election 2015 results have been confirmed as a majority Conservative government Sterling has settled after an initial surge on Conservative election triumph. Market responsed...

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Sterling stumble avoided as Conservatives look set to provide stability

Sterling stumble avoided as Conservatives look set to provide stability

From The FairFX Foreign Currency Exch, 2 days ago, Similar articles

Sterling stumble avoided as Conservatives look set to provide stability. Now that the votes are in and we have a near-confirmed majority Conservative government, there are 2 key things to watch out for in the next week which could impact consumers' pockets. 1. The outcome of the UK general election Darren Kilner, FAIRFX currency expert said: ?Now that the votes are in and a majority Conservative government seems to be on the cards this looks to be good news for consumers' and investors'...

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Euro Slips Below 1.1400 Against US Dollar

Euro Slips Below 1.1400 Against US Dollar

From Top Forex News, 2 days ago, Similar articles

Euro is slipping today, losing ground after a rally earlier in the session. This happened toward the end of last week as well. After a strong run, the 19-nation currency is starting to show signs of weakness. (...)Read the rest of Euro Slips Below 1.1400 Against US Dollar (131 words) Posted on Forex News.

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Dollar Among Biggest Losers During Trading Week

Dollar Among Biggest Losers During Trading Week

From Top Forex News, 2 days ago, Similar articles

The US dollar was one of the weakest currencies on the Forex market during the past trading week, competing with the New Zealand dollar and the Japanese yen for the place of the biggest loser. Meanwhile, the euro and the Great Britain pound were the two strongest currencies.(...)Read the rest of Dollar Among Biggest Losers During Trading Week (108 words) Posted on Forex News.

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European Open Investors Shake Off Greek Risk

European Open Investors Shake Off Greek Risk

From Market Pulse FX, 3 days ago, Similar articles

European futures are pointing to the upside ahead of the first trading day of the week suggesting a more positive sentiment among traders despite Greece’s apparent insistence on walking blindly towards default without any consideration for the consequences. For a long time I have been confident that Greece will eventually give in to the demands of its creditors and accept unpopular reforms in exchange for ?7.2 billion in bailout funds, as agreed in February. As a gesture of goodwill,...

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Gold ? Remains Steady Around Three Month High Above $1220

Gold ? Remains Steady Around Three Month High Above $1220

From Market Pulse FX, 3 days ago, Similar articles

Gold for Monday, May 18, 2015 Gold enjoyed a solid week last week surging to a three month high above $1225 towards the end of last week.  It has since consolidated a little and is now remaining steady above $1220.  A couple of weeks ago gold enjoyed support at $1180 which allowed it to rally back to $1190 and beyond to resistance at $1200.  A few weeks ago Gold fell sharply back down through the key $1200 level down to below another support level around $1180, before dropping further to a...

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Australia 200 ? Resistance at 5800 Looms Large

Australia 200 ? Resistance at 5800 Looms Large

From Market Pulse FX, 3 days ago, Similar articles

Australia 200 for Monday, May 18, 2015 At the start of last week the Australia 200 index was meeting resistance at the 5650 level however it was then able to move through to a one week high above 5750.  It has started this new week lower and the key 5800 level is looming large and is likely to offer resistance if and when the index returns.  Since the end of April, the Australia 200 index has seen significant declines which has resulted in it reaching a three month low just below 5550....

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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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