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What's Next For Currencies?
There is so much upheaval in the markets, with the US dollar hitting multi-year/decades low against other currencies such as the Euro, the British Pound, Aussie dollar..Some Peace in the Financial Markets
The almost bare slate of economic data has kept the forex market quite still and peaceful today. Yesterday stock markets, especially those in Asia, suffered quite a steep decline...Can EUR/USD Stay Above 1.3600?
EUR/USD tried its luck above 1.3600 and hit another high at 1.3620 during the Asian session, but heavy selling pressure has pushed the pair below it again. Elsewhere, the US dollar is being battered, but...British Pound Hits 26-Year High vs US Dollar
False breakouts occurred today in Cable (GBP/USD) and EUR/USD when forex traders tried pushing these two pairs past major technical levels. The US dollar looks quite destined for a medium to long - term weakening....UK Inflation Hits 10-Year High
Today's spotlight in the forex market has been the British Pound, which has rallied fervently after the release of UK inflation data. UK consumer price index was higher than expected at....Foreign Demand for US Securities Slips
There is hardly any response to the usually heavyweight US data such as retail sales and TICS (Treasury International Capital Flows). TICS data showed that foreign demand for US securities fell in...Any Real Reason For the Carry Trade Scare?
Just a few days ago, yen-carry trades have been intensifying (Eg, EUR/JPY reaching record highs etc), but since yesterday, everyone's panicking again because they fear Japanese officials..Euro Reaches 27-Month High Against US Dollar
The Euro hit 1.3500 (expected resistance "1.3480-1.3500") - an important psychological level - for the first time in 27 months after European Central Bank President Trichet's comments highlighted...Carry Trades to Get Support From IMF Comments
Carry traders should feel some reassurance from the International Monetary Fund (IMF). Research director Simon Johnson said that Japanese interest rates should remain low...forex broker
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