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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US Dollar's Overcrowded Trade Seeks Relief

US Dollar's Overcrowded Trade Seeks Relief

From Market Pulse FX, yesterday, Similar articles

EUR knock-out options triggered topside Durable goods miss could pressure dollar bulls further Eurogroup talks to yield no progress German sentiment keeps on ticking over It’s easy come and quickly gone for the dollar bull this month. The mighty buck is closing out this week slumping to a new two-week low against the EUR (?1.0900), pressed by soft U.S. data released yesterday (new home sales -11.4%, month-over-month) that knocked a number of fixed-income dealers' confidence in the...

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AUD/USD ? Remains within Well Established Trading Range

AUD/USD ? Remains within Well Established Trading Range

From Market Pulse FX, 2 days ago, Similar articles

AUD/USD for Friday, April 24, 2015 To start this new week the Australian dollar fell sharply but landed on the previous key level at 0.77 which has offered considerable support since that time.  A couple of days ago it surged higher to move back above 0.78 for a short period before easing back lower again with eyes on support at 0.77. The Australian dollar enjoyed a solid week last week moving off support around 0.76 to reach a three week high just shy of the resistance level at 0.7850. In...

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Euro Bears Under Pressure Despite Flash PMIs Seeing Red

Euro Bears Under Pressure Despite Flash PMIs Seeing Red

From Market Pulse FX, 2 days ago, Similar articles

EUR fails to rollover on soft flash numbers ECB chief economist sees Europe on growth track Hawkish talk on Greece lifts EUR Far East PMIs reveal significant deterioration Notwithstanding the lack of fundamental data on show this week, the EUR bear has been trying valiantly to build up a head of steam ahead of tomorrow's important Eurogroup meeting in Riga, Latvia. With the market not yet privy to any new hard developments on the Greek creditor fiasco, the naysayers have been rather content...

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Australia 200 ? Resting on Support at 5800

Australia 200 ? Resting on Support at 5800

From Market Pulse FX, 2 days ago, Similar articles

Australia 200 for Thursday, April 23, 2015 The Australian 200 index is once again enjoying solid support from the 5800 level which is allowing time and space to rally and return to near the 6000 level. It has throughout the last few days relied upon support from this level. Throughout last week the Australian 200 index showed some positive signs and moved well towards the resistance at 6000 before finishing the week strongly lower. If the 6000 level is broken, it is reasonable to expect a...

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Australia 200 ? Support from 5800 Stands Firm

Australia 200 ? Support from 5800 Stands Firm

From Market Pulse FX, 3 days ago, Similar articles

Australia 200 for Wednesday, April 22, 2015 The Australian 200 index is once again enjoying solid support from the 5800 level which is allowing time and space to rally and return to near the 6000 level.  It has throughout the last few days relied upon support from this level.  Throughout last week the Australian 200 index showed some positive signs and moved well towards the resistance at 6000 before finishing the week strongly lower.  If the 6000 level is broken, it is reasonable to expect...

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AUD/USD ? Support at 0.77 Holding Firm

AUD/USD ? Support at 0.77 Holding Firm

From Market Pulse FX, 3 days ago, Similar articles

AUD/USD for Wednesday, April 22, 2015 To start this new week the Australian dollar fell sharply but landed on the previous key level at 0.77 which has offered considerable support since that time.  The Australian dollar enjoyed a solid week last week moving off support around 0.76 to reach a three week high just shy of the resistance level at 0.7850. In doing so, it moved through the key resistance level at 0.77. After placing great pressure on the resistance level at 0.77 a couple of weeks...

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USD/CAD ? Loonie Dumped on Grexit Worries

USD/CAD ? Loonie Dumped on Grexit Worries

From Market Pulse FX, 4 days ago, Similar articles

Dollar in demand over Greek concerns “Atrocious” wholesale trade numbers predicted by Poloz Safe-haven trading fueled by USD pullbacks Market to remain nervous until Greek matter is settled With the lack of fundamental releases this week, investors are hitching trading ideas to worries about Greece. The CAD is no exception. The loonie is trading lower Tuesday (CAD$1.2273) as the market moves out of risk-sensitive currencies and into the safe-haven U.S. dollar. Poloz...

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Greece Committed To EUR's Downward Trajectory

Greece Committed To EUR's Downward Trajectory

From Market Pulse FX, 4 days ago, Similar articles

Dollar finds support across the board Greece committed to the EUR’s downfall ECB applying subtle pressure via banking system German sentiment spooked by Greece The mighty dollar is quietly going about regaining some of its natural pose as the market heads stateside. Greece, on the other hand, remains committed to the EUR’s downward trajectory in a week that’s deprived of fundamental data and long on Greece surviving as a eurozone member. The markets are wary that...

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Gold ? Eases Below Key $1200 Level

Gold ? Eases Below Key $1200 Level

From Market Pulse FX, 4 days ago, Similar articles

Gold for Tuesday, April 21, 2015 Gold is presently trying to hold onto $1195 after dropping sharply through the $1200 level in the last 24 hours  In the last couple of weeks, gold has traded in a narrow range right around the key $1200 level.  It seems gold has an attraction to the key $1200 level as every time it ventures away it returns quickly to trade right around it. A few weeks ago gold sprung to life surging higher away from the key $1200 level back to a seven week high above $1220...

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Australia 200 ? Enjoys Support from 5800

Australia 200 ? Enjoys Support from 5800

From Market Pulse FX, 4 days ago, Similar articles

Australia 200 for Tuesday, April 21, 2015 The Australian 200 index is once again enjoying solid support from the 5800 level which is allowing time and space to rally and return to near the 6000 level.  Throughout last week the Australian 200 index showed some positive signs and moved well towards the resistance at 6000 before finishing the week strongly lower. In the immediate term, it will be looking for support at the key 5800 level and at the same time, will remain fixed on the 6000...

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EXCHANGE RATES

1 GBP = 1.221 EUR
2.513 AUD - Australian Dollar
2.361 CAD - Canadian Dollar
2.539 CHF - Swiss Franc
12.456 HKD - Hong Kong Dollar
2.694 SGD - Singapore Dollar
1.601 USD - U.S. Dollar
9.835 ZAR - South African Rand

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