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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S&P 500 ? Bearish Momentum Intact Below 1,830

S&P 500 ? Bearish Momentum Intact Below 1,830

From Market Pulse FX, today, Similar articles

US stocks rebounded yesterday after a significant 2 day drop last week, relieving bearish pressure and averting a potential meltdown which was certainly in the books should last week sell-off shift global sentiment from a long-term bullish into a bearish one. The reason for the bullish cheers' We have stronger than expected US Retail Sales figures which grew 1.1% vs 0.9% expected – the strongest gain in 18 months. On top of that, previous month’s figure was revised higher to 0.7%...

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Faisal Khan's Blog: Around The Coin Podcast (Episode 13)

Faisal Khan's Blog: Around The Coin Podcast (Episode 13)

From PakBlogging.com, today, Similar articles

This week on Around the Coin, Mike Townsend discusses his journey beginning as an engineer in Singapore then moving to Los Angeles to design military UAV's. He tells us how he transitioned into payments, starting a point of sale company, ?Zing Checkout' and mobile payments company ?Flowtab'. Our speakers in this week's episode: Brian Roemmele Faisal Khan Mike Townsend Resources: www.zingcheckout.com www.flowtab.com ...

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EUR Shorts Want Action Not Talk From ECB

EUR Shorts Want Action Not Talk From ECB

From Market Pulse FX, yesterday, Similar articles

The status quo in the Ukraine was never going to hold, something had to give and the match was lit over the weekend. As violence spread to more towns across the country, the uptick of skirmishes between local law enforcement and pro-Russian separatist forces have now taken lives, further magnifying tensions in the global financial markets. This fresh escalation of tension has added to the pressures of last week’s equity technology selloff. European bourses are starting this holiday...

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Week In FX Europe ? BoE To Judge Slack Before Hike

Week In FX Europe ? BoE To Judge Slack Before Hike

From Market Pulse FX, 4 days ago, Similar articles

The Bank of England rate announcement nearly got lost in the shuffle this week. Yesterday, Governor Carney and his fellow policy makers left both the benchmark rate at +0.5% and the overall size of its bond portfolio at £375b. With the Fed trying to wind down its bond-buying stimulus, the ECB humming and hawing about implementing QE, Governor Carney at the BoE is expected to keep policy unchanged throughout the remainder of this year. The UK economy is currently “basking in a spell of...

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Week In FX Americas ? A Tough Few Sessions Being A Dollar Bull

Week In FX Americas ? A Tough Few Sessions Being A Dollar Bull

From Market Pulse FX, 4 days ago, Similar articles

For many dollar bulls their timing has sucked. This week saw many of those bull position bleed that bit more, so much so, that countless of investors decided to pare back their open exposure or in fact close their ‘long’ dollar positions altogether, at least until things become more clearer. Dollar bulls expecting to score on the back of diverging rates between a hawkish Federal Reserve and dovish European Central Bank (ECB) are the ones that mostly got smacked about. With the...

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Week in FX Asia ? Yen Appreciates Further After FOMC Minutes Released

Week in FX Asia ? Yen Appreciates Further After FOMC Minutes Released

From Market Pulse FX, 4 days ago, Similar articles

First anniversary of BoJ new stimulus BoJ holds rates. No additional stimulus needed JPY Appreciates after no stimulus and US Fed expected to hold rates low for longer. This week marked the first anniversary of the Bank of Japan announcing its new round of monetary easing. The first arrow of Abenomics was launched as Haruhiko Kuroda announced the central bank would double the monetary base in two years to achieve the 2 percent inflation target. The first arrow was deemed a success and it...

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USD/JPY ? Steady As Markets Eye US Inflation Data

USD/JPY ? Steady As Markets Eye US Inflation Data

From Market Pulse FX, 4 days ago, Similar articles

The Japanese yen is showing little movement on Friday, as USD/JPY trades in the mid-101 line in the European session. The yen is red-hot, having added around 250 points at the expense of the struggling US dollar. In economic news, the BOJ minutes were a non-event, as policymakers said that the central bank’s quantitative and qualitative monetary easing would continue for the time being. The US wraps up the trading week with two key events on Friday – Producer Price Index and...

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Curve Correction Is Squeezing Dollar Forex Traders

Curve Correction Is Squeezing Dollar Forex Traders

From Market Pulse FX, 4 days ago, Similar articles

Diverging rates are expected to benefit the dollar – a hawkish Fed will trump a dovish Draghi every time. This is the scenario that dollar ‘bulls’ have bought into, however, it’s currently not working for them this week – the release of the dovish FOMC minutes coupled with some economic slack comments from Yellen has the dollar ‘hawks’ on the run. Leading to many ‘long’ dollar positions being squeezed, as the market drastically prices out...

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AUD/USD ? Higher As Australian Job  Data Shines

AUD/USD ? Higher As Australian Job Data Shines

From Market Pulse FX, 5 days ago, Similar articles

AUD/USD has posted further gains, as the pair has pushed above the 0.94 line in Thursday trading. The Aussie has looked sharp, posting gains of over 150 pips against its US counterpart this week. The Aussie received a boost as Employment Change and Unemployment Rate both beat their estimates. As well, Chinese Trade Balance bounced back in March, after a steep decline a month earlier. Australian data continues to impress, and the Aussie has responded with sharp gains this week. Employment...

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USD/JPY ? Yen Rally Continues Despite Strong US Unemployment Claims

USD/JPY ? Yen Rally Continues Despite Strong US Unemployment Claims

From Market Pulse FX, 5 days ago, Similar articles

The Japanese yen continues to post gains on Thursday, as USD/JPY trades below the 102 line in the North American session. The yen has enjoyed an outstanding week, gaining over 200 points against the US dollar. On the release front, US Unemployment Claims dropped nicely, posting its lowest levels in almost seven years. In Japan, Preliminary Machine Tool Orders jumped in March. Later in the day, the Bank of Japan releases the minutes from its monetary policy meeting. Unemployment Claims...

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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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