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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AUD/USD ? Drops Sharply Back Below Resistance at 0.88

AUD/USD ? Drops Sharply Back Below Resistance at 0.88

From Market Pulse FX, today, Similar articles

AUD/USD for Thursday, October 30, 2014 In the last 12 hours or so the Australian dollar has fallen sharply back down through the resistance level at 0.88 after reaching a two week high just above 0.89.  During the last month 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...

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USD/CAD ? Canadian Dollar Improves on Weak US Durables

USD/CAD ? Canadian Dollar Improves on Weak US Durables

From Market Pulse FX, yesterday, Similar articles

The Canadian dollar is flexing some muscle on Tuesday, as USD/CAD has dropped to a two-week low. Early in the North American session, the pair is trading in the mid-1.11 range. In economic news, it’s been a mixed story in the US. Core Durable Goods Orders looked weak, posting a decline of 0.2%. However, CB Consumer Confidence sparkled, jumping to 94.5 points in September. There are no Canadian releases on Tuesday. In the US, durable goods looked dismal. Core Durable Goods Orders...

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AUD/USD ? Aussie Makes Modest Gains on Weak US Durables

AUD/USD ? Aussie Makes Modest Gains on Weak US Durables

From Market Pulse FX, yesterday, Similar articles

AUD/USD has posted modest gains on Tuesday, after a slow start to the week. Early in the North American session, the pair is trading in the mid-88 range. The Australian dollar took advantage as US Core Durable Goods Orders posted a decline of 0.2%. Later in the day, the US releases CB Consumer Confidence. The markets are expecting a strong reading, so we could see the US dollar recover some of today’s earlier losses. There are no Australian releases on Tuesday. In the US, durable...

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Gold Prices Stable Ahead of US Manufacturing, Confidence Numbers

Gold Prices Stable Ahead of US Manufacturing, Confidence Numbers

From Market Pulse FX, yesterday, Similar articles

Gold is listless on Tuesday continuing the lack of movement which started the week. In the European session, the spot price per ounce stands at $1228.44. On the release front, there are two key events on the schedule ? Core Durable Goods Orders and CB Consumer Confidence. If either of these indicators surprises the markets, we could see some stronger movement from the pair in the North American session. In the US, the Federal Reserve wraps up a two-day meeting on Wednesday with the release...

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AUD/USD ? Continues to Sit in Neutral at 0.88

AUD/USD ? Continues to Sit in Neutral at 0.88

From Market Pulse FX, 2 days ago, Similar articles

AUD/USD for Tuesday, October 28, 2014 During the last few month 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 few weeks ago before recently falling...

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GBP/USD ? Pound Gains on Soft US Housing Data

GBP/USD ? Pound Gains on Soft US Housing Data

From Market Pulse FX, 2 days ago, Similar articles

The pound has started the week with modest gains, as GBP/USD trades in the mid-1.61 range in the North American session. On the release front, British CBI Realized Sales was unchanged at 31 points. In the US, Pending Home Sales posted a weak gain of 0.3%, well off the estimate of 1.1%. British Retail Sales retail sales volumes continue to look strong, as CBI Realized Sales came in at 31 points for a second straight month. This was slightly ahead of the estimate of 29 points. Last week,...

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USD/CAD ? Stable as Markets Eye Key US Data

USD/CAD ? Stable as Markets Eye Key US Data

From Market Pulse FX, 2 days ago, Similar articles

USD/CAD is showing little movement on Monday, continuing the trend which characterized the pair for most of last week. In the North American session, the pair is trading at in the mid-1.12 range. In economic news, US Pending Home Sales posted a weak gain of 0.3%, well off the estimate of 1.1%. There are no Canadian releases on today’s schedule. On Tuesday, we could see some activity from the pair, as the US releases two key events – Core Durable Goods Orders and CB...

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AUD/USD ? Limited Movement as US Housing Data Disappoints

AUD/USD ? Limited Movement as US Housing Data Disappoints

From Market Pulse FX, 2 days ago, Similar articles

AUD/USD has started the week quietly, as the pair trades at the 0.88 line in the North American session. In economic news, US Pending Home Sales posted a weak gain of 0.3%, well off the estimate of 1.1%. There are no Australian releases on Monday. In the US, last week's jobless numbers were softer than expected. Unemployment Claims rose to 284 thousand, much higher than the previous reading of 264 thousand, and above the estimate of 269 thousand. However, the markets were not overly...

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Gold Calm At Start of Week

From Market Pulse FX, 2 days ago, Similar articles

Gold is showing little movement on Monday, as the spot price per ounce stands at $1231.50. On Sunday, the ECB released the results of its stress tests of European banks and the results were considered positive overall. In the US, today's highlight is Pending Home Sales. The markets are expecting a strong improvement, with an estimate of 1.1%. On Sunday, the ECB released the results of its stress tests of European banks. The exercise marked a comprehensive and rigorous review of the health of...

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The NaMos are Coming! The NaMos are Coming!

From Foreign Currency Advice, 4 days ago, Similar articles

November is one week away, and that means NaNoWriMo and NaBloPoMo are, too! If you’ve been thinking about reinvigorating your blogging or are finally ready to stop procrastinating on that book you’ve always wanted to write, these two great events (and communities) can give you the jolt of motivation you need. NaMo what now' NaNoWriMo and NaBloPoMo are short for “National Novel Writing Month” and “National Blog Posting Month,” respectively. In the first,...

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2 SGD - Singapore Dollar
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1.542 AUD - Australian Dollar
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