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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GBP/USD ? Pound Slightly Lower in Subdued Trade

GBP/USD ? Pound Slightly Lower in Subdued Trade

From Market Pulse FX, today, Similar articles

GBP/USD has posted slight losses on Thursday, as the pair trades in the low-1.57 range in the North American session. It’s a very quiet day on the release front, as there are no UK releases. US markets are closed for Thanksgiving, so there are no US events until next week. Traders can expect light trade in today’s North American session. The US released a host of key data on Wednesday, but the numbers were weak across-the-board. Unemployment Claims jumped to 313 thousand, its...

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Australia 200 ? Struggling with Resistance at 5400 Level

Australia 200 ? Struggling with Resistance at 5400 Level

From Market Pulse FX, yesterday, Similar articles

Australia 200 for Thursday, November 27, 2014 Over the last few weeks the Australia 200 index has returned some of its recent gains falling from above 5550 down to a one month low below 5300 before finding a little support around 5340, which has propped it up a little to finish out last week.  Over the last few days the index has been content to consolidate just below the 5400 level and in recent days has been starting to make a move back above the 5400 level.  Prior to that it had enjoyed...

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AUD/USD ? Enjoys Some Much Needed Support at 0.85

AUD/USD ? Enjoys Some Much Needed Support at 0.85

From Market Pulse FX, yesterday, Similar articles

AUD/USD for Thursday, November 27, 2014 The Australian dollar hasn’t had a great last week as it has dropped sharply and fallen to a new multi-year low near 0.85, although in the last couple of days it has enjoyed some solid support from 0.85.  To start this new week it rallied back above 0.8650 again before falling lower in the last few days.  In the week prior the Australian dollar was able to rally higher and bounce off multi year lows around 0.8550 and in doing so has moved back...

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OPEC Mixed on Oil Production Cuts as Shale Threat Rises

OPEC Mixed on Oil Production Cuts as Shale Threat Rises

From Market Pulse FX, yesterday, Similar articles

  The two main drivers of the price of oil have been an increase of production in the U.S. with the use of shale oil technology, and a lower demand for energy as global growth slows. Geopolitical turmoil has taken a backseat to those two factors. Even rising violence in oil producing states has not deeply affected the price of crude. The Organization of the Petroleum Exporting Countries (OPEC) will hold its general meeting this week to decide if it needs to reduce its oil production quota to...

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AUD/USD ? Lower as Australian Construction Slips

AUD/USD ? Lower as Australian Construction Slips

From Market Pulse FX, yesterday, Similar articles

AUD/USD has posted losses on Wednesday, continuing the trend which started the week. The struggling Aussie has lost about 160 points since the start of the week. Early in the North American session, the pair is trading just above the 0.85 line. On the release front, Australian Construction Work Done disappointed with a decline of 2.2%. In the US, it was a hectic day ahead of the Thanksgiving holiday on Thursday. The news was dismal, as Unemployment Claims, Core Durable Goods Orders and New...

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Taiwan Dollar Joins Yen in Rally

Taiwan Dollar Joins Yen in Rally

From Top Forex News, yesterday, Similar articles

The Taiwan dollar rose a little today, trading near the highest level in one week. The currency advanced as the Japanese yen rallied and the US dollar retreated, potentially helping nation’s exports.(...)Read the rest of Taiwan Dollar Joins Yen in Rally (57 words) Posted on Forex News.

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Gold ? Remaining Steady Around Resistance at $1200

Gold ? Remaining Steady Around Resistance at $1200

From Market Pulse FX, 2 days ago, Similar articles

Gold for Wednesday, November 26, 2014 Over several days last week Gold made repeated runs at the resistance level at $1200 and failed every time, before finishing the week breaking through ever so slightly.  For all of this week gold has been trading right around the key $1200 level as it attempts to make a move above and maintain a break.   In the last few weeks Gold has enjoyed a strong resurgence back to the key $1200 level where it has met stiff resistance. Throughout the second half...

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Australia 200 ? Remains Steady Below Resistance at 5400 Level

Australia 200 ? Remains Steady Below Resistance at 5400 Level

From Market Pulse FX, 2 days ago, Similar articles

Australia 200 for Wednesday, November 26, 2014 Over the last few weeks the Australia 200 index has returned some of its recent gains falling from above 5550 down to a one month low below 5300 before finding a little support around 5340, which has propped it up a little to finish out last week.  Over the last few days the index has been content to consolidate just below the 5400 level waiting for some direction.  The 5400 level is now providing some resistance and placing selling pressure on...

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Gold ? Struggling at Resistance at $1200

Gold ? Struggling at Resistance at $1200

From Market Pulse FX, 3 days ago, Similar articles

Gold for Tuesday, November 25, 2014 Over several days last week Gold made repeated runs at the resistance level at $1200 and failed every time, before finishing the week breaking through ever so slightly, although it is now slightly below $1200 and experiencing resistance there.  In the last couple of weeks Gold has enjoyed a strong resurgence back to the key $1200 level where it has met stiff resistance. Throughout the second half of October gold fell very strongly and resumed the medium...

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Outlook for Euro: Bears Wait for Downtrend Resumption

Outlook for Euro: Bears Wait for Downtrend Resumption

From Top Forex News, 3 days ago, Similar articles

The euro has been performing decently for the most part of the last week but ended the week on a sour note after comments from the central bank. Can the currency recover or will it drop to new lows' That is the question many Forex market participants are looking an answer for.(...)Read the rest of Outlook for Euro: Bears Wait for Downtrend Resumption (221 words) Posted on Forex News.

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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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