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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The NaMos are Coming! The NaMos are Coming!

The NaMos are Coming! The NaMos are Coming!

From Foreign Currency Advice, today, 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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Week in FX Americas ? USD Recovers Ahead of EU Stress Tests and FOMC

Week in FX Americas ? USD Recovers Ahead of EU Stress Tests and FOMC

From Market Pulse FX, today, Similar articles

US Unemployment claims increase but job market resilient New home sales reach six year high Bank of Canada holds rates as expected The USD continues to strengthen this week versus major pairs even though there was limited economic evidence as few indicators were released. The unemployment claims were higher than previous weeks coming in at 283,000, but not enough to continue talking about a sustained job market recovery. New home sales slowed down to 467,000 units annualized rated in...

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Week in FX Europe ? ECB Bank Tests Stress EUR

Week in FX Europe ? ECB Bank Tests Stress EUR

From Market Pulse FX, today, Similar articles

European Bank Stress tests to be published Sunday BOE Minutes show dissent and lower for longer interest rate German PMI recovers but France still lags The European Bank Authority will release the results from tests designed to measure the financial strength of 150 of the EU's biggest banks. There have been reports that as many as 25 banks could fail the stress tests. The main goal of the tests is to reassure global investors that the European financial system is solid and there is no need...

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Week in FX Asia ? JPY Back to Fundamentals

Week in FX Asia ? JPY Back to Fundamentals

From Market Pulse FX, today, Similar articles

Japanese trade balance deficit increases to 1.07 Trillion Bank of Japan says gradual JPY slide good for economy China's PMI rises but growth doubt persists Japan's trade deficit increased despite a positive growth in exports that could not overcome the rise in imports. A weaker currency gave exporters a boost but also made imports more expensive. Even with lower energy prices the growth in imports increased the deficit. The USD/JPY broke through the 108 price level as safe haven flows have...

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AUD/USD ? Listless as Markets Await US Housing Data

AUD/USD ? Listless as Markets Await US Housing Data

From Market Pulse FX, today, Similar articles

It’s been an uneventful week for AUD/USD, and this trend continues on Friday, as the pair trades in the mid-0.87-range in the North American session. In economic news, the sole US release on the schedule is New Home Sales. The markets are expecting the indicator to soften this month, with an estimate of 473 thousand. There are no Australian releases on Friday. In the US, jobless claims were softer than expected. Unemployment Claims rose to 284 thousand last week, much higher than the...

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Gold Dips on Positive Jobless Claims Report

Gold Dips on Positive Jobless Claims Report

From Market Pulse FX, today, Similar articles

Gold lost ground on Thursday, losing close to 1% of its value against the US dollar. On Friday, the metal’s spot price stands at $1231.80 per ounce in the European session. Although Unemployment Claims rose to 284,000, the four-week average was down sharply. This improvement helped the dollar gain ground against gold. On Friday, the sole release on the schedule is New Home Sales. The markets are expecting the indicator to soften this month, with an estimate of 473 thousand. US...

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EUR/USD ? Euro Remains Rangebound Despite Strong German Consumer Confidence

EUR/USD ? Euro Remains Rangebound Despite Strong German Consumer Confidence

From Market Pulse FX, today, Similar articles

EUR/USD is showing little activity on Friday, as the pair continues to trade in the mid-1.26 range. The listless euro didn’t show any reaction as German Consumer Climate improved to 8.4 points. In the US, today’s sole release is New Home Sales. The markets are expecting the indicator to soften this month, with an estimate of 473 thousand. The week wrapped up on a high note in Germany, as GfK Consumer Climate rose to 8.4 points, up from 8.3 a month earlier. This easily beat...

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Gold ? Drops Sharply Below Key $1240 Level

Gold ? Drops Sharply Below Key $1240 Level

From Market Pulse FX, yesterday, Similar articles

Gold for Friday, October 24, 2014 Over the last few days to finish out last week Gold ran into the previous key level at $1240, however it then surged higher to a five week high at $1255 a few days ago.  In the last couple of days however it has fallen strongly back down below the $1240 level and to near $1226 before rallying higher in recent 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,...

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Australia 200 ? Moves to Four Week High above Key 5400 Level

Australia 200 ? Moves to Four Week High above Key 5400 Level

From Market Pulse FX, yesterday, Similar articles

Australia 200 for Friday, October 24, 2014 Throughout most of September the Australia 200 Index 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 couple of weeks after getting much needed support from the 5200 level and has now...

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AUD/USD ? Continues to Tread Water Below Resistance at 0.88

AUD/USD ? Continues to Tread Water Below Resistance at 0.88

From Market Pulse FX, yesterday, Similar articles

AUD/USD for Friday, October 24, 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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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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