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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Week in FX ? Patient Fed Soothes Jittery Markets

Week in FX ? Patient Fed Soothes Jittery Markets

From Market Pulse FX, today, Similar articles

Fed’s message brings season tidings BoJ Keeps Status Quo Abe’s cabinet to approve stimulus soon Market makes a beeline for the ‘turn’ Capital markets are poised to fall silent as the holidays are about to begin in earnest. It’s in hot pursuit of the broad-based risk-on rally that has given U.S. equities their biggest two-day gain of the year. It’s a nice holiday gift to close out the trading season ? heartfelt thanks to Federal Reserve Chair Janet...

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USD/CAD ? Almost Unchanged Ahead of Canadian CPI, Retail Sales Reports

USD/CAD ? Almost Unchanged Ahead of Canadian CPI, Retail Sales Reports

From Market Pulse FX, today, Similar articles

The Canadian dollar is showing little movement on Friday, as USD/CAD trades at the 1.16 line. On the release front, Canada releases CPI and Retail Sales data. The markets are bracing for weak figures, so we could see the Canadian dollar could find itself under pressure in the North American session. There are no US releases to wrap up the trading week. In the US, Thursday’s key releases were a mix. Employment numbers continued to impress, as unemployment claims dropped to 289...

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Gold Stays Steady Close to $1200

Gold Stays Steady Close to $1200

From Market Pulse FX, today, Similar articles

Gold is showing little movement on Friday, continuing the lack of activity we have seen for most of the week. In the European session, the spot price stands at $1197.48. There are no US releases on Friday, so traders can expect a quiet day from XAU/USD as we head into the weekend. In the US, employment numbers continued to impress, as unemployment claims dropped to 289 thousand, the lowest level in six weeks. The easily beat the estimate of 297 thousand. The news was not as good on the...

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Gold ? Resistance at $1200 Continues to Stand Tall

Gold ? Resistance at $1200 Continues to Stand Tall

From Market Pulse FX, yesterday, Similar articles

Gold for Friday, December 19, 2014 The last week or so has seen gold ease lower away from the resistance level at $1240 back down to find support at $1220 however several days ago it fell sharply back through the key $1200 level where it is now meeting strong resistance.  Gold enjoyed a solid surge higher up from the key $1200 level to a new six week high just shy of a previous resistance level at $1240 earlier last week. Gold has had a fascination with the $1200 level over the last month...

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Australia 200 ? Moves Up Strongly Off Support at 5150

Australia 200 ? Moves Up Strongly Off Support at 5150

From Market Pulse FX, yesterday, Similar articles

Australia 200 for Friday, December 19, 2014 The last few days has seen the Australia 200 Index rally well off support around 5150 back up to a one week high just shy of 5300.  Over the last week or so the Australia 200 Index has fallen steadily lower down towards support around 5150 and two month lows before rallying the last few days.  Despite the strong last day, the medium term down trend is still in tact and the index needs to move convincingly through the key 5300 level to turn this...

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AUD/USD ? Runs into Resistance at 0.82 Again

AUD/USD ? Runs into Resistance at 0.82 Again

From Market Pulse FX, yesterday, Similar articles

AUD/USD for Friday, December 19, 2014 In the last 24 hours the Australian dollar has rallied strongly back up only to run into strong resistance at the 0.82 level, which is presently offering strong supply.  The day before saw it fall even further down to another new multi-year low near 0.8100.  The Australian dollar has a experienced a bad last month moving from resistance around 0.88 down to the new lows. For a few days earlier this week the Australian dollar was able to halt the strong...

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Gold ? Struggles to Get Above Resistance at $1200 Again

Gold ? Struggles to Get Above Resistance at $1200 Again

From Market Pulse FX, 2 days ago, Similar articles

Gold for Thursday, December 18, 2014 The last week or so has seen gold ease lower away from the resistance level at $1240 back down to find support at $1220 however a few days ago it fell sharply back through the key $1200 level where it is now meeting resistance.  Gold enjoyed a solid surge higher up from the key $1200 level to a new six week high just shy of a previous resistance level at $1240 earlier last week. Gold has had a fascination with the $1200 level over the last month which has...

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Australia 200 ? Support at 5150 Helps For Now

Australia 200 ? Support at 5150 Helps For Now

From Market Pulse FX, 2 days ago, Similar articles

Australia 200 for Thursday, December 18, 2014 Over the last week or so the Australia 200 Index has fallen steadily lower down towards support around 5150 and two month lows before rallying a little over the last couple of days.  The medium term down trend is still in tact and the index needs to move convincingly through the key 5200 level to turn this around.  Over the last few weeks the Australia 200 index has struggled with resistance at 5400 which has forced it lower time and time...

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AUD/USD ? Drops to New Multi-Year Low Near 0.81

AUD/USD ? Drops to New Multi-Year Low Near 0.81

From Market Pulse FX, 2 days ago, Similar articles

AUD/USD for Thursday, December 18, 2014 In the last few hours the Australian dollar has fallen even further again down to another new multi-year low near 0.8100.  The Australian dollar has a experienced a bad last month moving from resistance around 0.88 down to the new lows.  For a few days earlier this week the Australian dollar was able to halt the strong decline a little allowing it to consolidate and establish a narrow range between 0.8200 and 0.8350.  It appears to have its eyes...

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Gold ? Meeting Resistance at $1200 Again

Gold ? Meeting Resistance at $1200 Again

From Market Pulse FX, 3 days ago, Similar articles

Gold for Wednesday, December 17, 2014 The last week has seen gold ease lower away from the resistance level at $1240 back down to find support at $1220 however in the last 48 hours it has fallen sharply back through the key $1200 level where it is now meeting resistance.  Gold enjoyed a solid surge higher up from the key $1200 level to a new six week high just shy of a previous resistance level at $1240 earlier last week. Gold has had a fascination with the $1200 level over the last month...

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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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