Currencies

  • EBA Advises Against Transaction In Virtual Currencies Like Bitcoin

    EBA Advises Against Transaction In Virtual Currencies Like Bitcoin

    It seems the virtual currencies are not able to gain the trust of the European Banking Authority. The EBA has advised the European Banks to prevent themselves from entering into any transactions of virtual currencies. The banks should not buy, hold or sell the virtual currencies like Bitcoin till the time an adequate regulatory regime ...
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  • GBP/USD Starts The Week With Consolidation Mode, Trading Close To 6-Year Highs

    GBP/USD Starts The Week With Consolidation Mode, Trading Close To 6-Year Highs

    GBP/USD Starts The Week With Consolidation Mode, Trading Close To 6-Year Highs The last week brought huge gains for the GBP/USD pair. It closed at six-year highs. The dollar gained the strength against most of the major currencies on Friday. The rally was supported by a stronger than expected US jobs data. It has given ...
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  • EUR/USD Starts The Week At Negative Note

    EUR/USD Starts The Week At Negative Note

    EUR/USD Starts The Week At Negative Note The euro ended at a negative-note last week. It traded near one-week lows against the dollar on Friday, and ended the session in negative territory. The prime reason for the fall was the robust US employment report for June month. The outlook for US economic recovery looks bright. ...
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  • Eurozone Says NO To Bitcoin

    Eurozone Says NO To Bitcoin

    Eurozone Says NO To Bitcoin In a recent reminder, the European Bank Authority has advised Europe-based banks to desist from allowing transactions in virtual currencies including Bitcoin. The pause mode should be in effect, the banking authority recommended, until regulations come into force, which prevent the ‘misuse’ of the use of cryptocurrency. EBA cautioned that ...
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  • $EURUSD EUR Slides To One-Week Low Against USD

    $EURUSD EUR Slides To One-Week Low Against USD

    $EURUSD EUR Slides To One-Week Low Against USD EUR/USD currency pair saw action at the markets during Friday’s session. Single currency Euro saw a dramatic slide, moving past the one-week low against the US greenback. On the other hand, USD has been firming, following the positive data round of employment numbers in June. Non-farm payrolls ...
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  • Venezuela To Introduce New Forex System

    Venezuela To Introduce New Forex System

    Venezuela To Introduce New Forex System Venezuela will introduce a new foreign exchange system as part of its comprehensive efforts to guarantee economic balance, Vice President for Economic Affairs Rafael Ramirez said Sunday. "We are going to introduce a new exchange system. It is very complex to manage 3 exchange rates," said Mr. Ramirez in ...
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  • Daily Technical Analysis: EUR/JPY Candlesticks And Ichimoku

    Daily Technical Analysis: EUR/JPY Candlesticks And Ichimoku

    Daily Analysis for EUR/JPY as of 4 July 2014 Last Candlesticks pattern: Evening Doji Time of formation: 3 Apr 2014 Trend bias: Up EUR/JPY – 138.69 EUR held above last week's low at 137.92 and recovered last week, suggesting further consolidation above the support at 137.71would be seen but resistance at 140.09 should limit the ...
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  • Iraq Shock To Lift Safe-Haven Currencies Ahead Of Crude Oil Exporters

    Iraq Shock To Lift Safe-Haven Currencies Ahead Of Crude Oil Exporters

    Iraq Shock To Lift Safe-Haven Currencies Ahead Of Crude Oil Exporters JPY, CHF, USD, AUD, NZD, NOK, CAD Any setback to the government in Southern Iraq could lead to greater demand for the more liquid currencies like; USD, JPY, CHF. A sudden and sustained rise in global Crude Oil prices caused by violence in Iraq ...
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  • BoCom (HK:3328) Selected To Clear RMB Yuan In South Korea

    BoCom (HK:3328) Selected To Clear RMB Yuan In South Korea

    BoCom (HK:3328) Selected To Clear RMB Yuan In South Korea CICHY Shanghai-based Bank of Communications (HK:3328) scored a first when it was designated by China’s central bank as a RMB Yuan clearing bank in Seoul, the lender said in a statement Saturday. The People’s Bank of China  (PBOC) signed a RMB Yuan clearing agreement with ...
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  • The EBA Proposes Regulations For Virtual Currencies

    The EBA Proposes Regulations For Virtual Currencies

    The EBA Proposes Regulations For Virtual Currencies The European Banking Authority (EBA) Friday published an Opinion piece addressed to the European Union (EU) Council, European Commission (EC) and European Parliament (EP), which set out the requirements for regulating "virtual currencies." The EBA conclues  that risks outweighed the benefits of virtual currencies, following a thorough assessment of virtual ...
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  • GBP/USD, Steady During US Market 4th Of July Holiday

    GBP/USD, Steady During US Market 4th Of July Holiday

    GBP/USD, Steady During US Market 4th Of July Holiday It was a quiet day in the currency markets Friday, the US markets were closed for the Independence Day holiday. There are no releases out of the US or UK today, and traders expected subdued trading on the day. GBP/USD traded in the mid-1.71 range in ...
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  • EUR/USD Trading Low On German data, ECB

    EUR/USD Trading Low On German data, ECB

    The ECB Chief Mario Draghi left the interest rates unchanged in the ECB meeting yesterday. The interest rates were cut down to record lows last month. The ECB Chief opted for dovish comments in the ECB meeting. He maintained the previous bank’s forward guidance. The interest rates will continue to stay at unchanged for an ...
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  • AUD/USD Trades Low On RBA Remarks, Data

    AUD/USD Trades Low On RBA Remarks, Data

    The Australian dollar was the performing star in last few days. It was trading at an eight-month high above 0.95 from last few days. However, it pared most of its gain in the last couple of days and declined to one week low against its US counterpart yesterday. The main reason of drop was the ...
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  • GBP/USD Retraces From Multi-year Highs; Gets Support from BoE/Fed Timing

    GBP/USD Retraces From Multi-year Highs; Gets Support from BoE/Fed Timing

    GBP/USD pair traded higher in the morning session to touch a fresh multi-year high of 1.7178, but cannot continue the momentum. It retraced back from the multi-year high. It pared down its intraday gains as investors thought it wise to book the profits before the long weekend. The US markets are closed on July 4, ...
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  • EUR/USD Sustain At 1.3610 In Asia With US In Holiday Mode

    EUR/USD Sustain At 1.3610 In Asia With US In Holiday Mode

    The Independence Day holiday weekend began early in US, with no major economic data release seen on Thursday. This allowed the national currency remain steady against other currencies even as the EUR/USD pair continued at 1.3610, down 0.01%. The steady dollar rate also saw the USD/JPY pair trade marginal higher by 0.02% to reach 102.21. ...
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  • Bitcoin News: Expedia, Russian Nods While Bitcoin ATM Making Goes Open Source

    Bitcoin News: Expedia, Russian Nods While Bitcoin ATM Making Goes Open Source

    In a first of sorts, cryptocurrency Bitcoin is now being accepted by one of the most prolific online vacation booking portals, Expedia.com, but only for the specific purpose of hotel reservations. The recently launched service is now seeing one of the highest tractions, shared excited Executive Vice President Mr.Micheal Gulmann, in an interview to Coindesk. ...
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  • Morning Brief: Currencies

    Morning Brief: Currencies

    Morning Brief: Currencies The ECB comments and the US NFP data brought a lot of volatility as expected and the USD at 80.20 gained a lot of strength, it needs to break above Key resistance of 80.45-50 to ward off the immediate weakness. EUR at 1.3609 broke the uptrending channel after the ECB meet and ...
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  • US Dollar Held Post NFP Gains, Treasuries Pressured

    US Dollar Held Post NFP Gains, Treasuries Pressured

    US Dollar Held Post NFP Gains, Treasuries Pressured 10-Yr: -08/32..2.658%.. USD/JPY: 102.20.. EUR/USD: 1.3609 The Dollar (DXY) Index held just off session highs as trade tests the 80.25 level. The Buck spiked to 80.30 in response to the strong June NFP (nonfarm payroll) report, and traded in a tight 10 cent range. EUR was pushed to session lows near 1.3595, ...
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  • GBP/USD Falls Post Weak Numbers From Service Sector

    GBP/USD Falls Post Weak Numbers From Service Sector

    The US dollar is trading strong and solid against the basket of major currencies as an upbeat employment data has led rally in the greenback. Further, the optimistic data presented today has strengthened the confidence of the investors in dollar. At the same time, a fall in U.K. PMI has resulted in sharp fall of ...
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  • Euro Tanks Sharply Against USD Post Upbeat U.S. Data

    Euro Tanks Sharply Against USD Post Upbeat U.S. Data

    The greenback rose steeply against major currencies after the U.S. employment reports came in higher than the expectations. The positive employment reading strengthened the U.S. dollar, as EUR/USD was trading sharply below by 0.35% at 1.3612. Now, the further trend of euro will depend on the outcome of today's meeting held by the European Central ...
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  • Billionaire Tim Draper Is The Winner Of Auctioned 30K Bitcoins

    Billionaire Tim Draper Is The Winner Of Auctioned 30K Bitcoins

    At last, the veil is off the mystery bidder, who got to take whole lot of 30,000 bitcoins with him, and he is none other than the Silicon billionare, Tim Draper. Before digging deep into Draper's forward plans with the amassed bitcoins, it is important to underline that Draper is founder of the venture capital ...
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  • Bitcoin Auction Details

    Bitcoin Auction Details

    On Wednesday there was unusual activity in the world of cryptocurrency, especially bitcoins. The key factor driving the price swings was a report that the ex-black market, called silk route, reclaimed coins and auctioned by US Marshal Service, just last week, were all bid by a single buyer. Get More from your Gold Trading, US ...
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  • EUR/USD Sees Decline Even As USD Remains Steady

    EUR/USD Sees Decline Even As USD Remains Steady

    EUR/USD reported a drop of 0.04% to the tune of 1.3653, backed by reports of positive job data. The dollar has remained higher than other currencies, based on the positive sentiment expressed by firms which process payrolls in the country, ADP.  As the company shared that the nonfarm payrolls report for US private sector is ...
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  • Morning Brief: Currencies

    Morning Brief: Currencies

    Morning Brief: Currencies The ECB comments Thursday may open a volatile session for EUR and USD with the direction for the next few sessions set. EUR at 1.3650 is correcting softly ahead of the ECB meet Thursday, but a lot of volatility is expected. Weakness will emerge below 1.3615-00, strength above 1.3700. USD/JPY at 101.86 ...
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  • Venture Capitalist, Tim Draper Wins USMS Bitcoin Auction

    Venture Capitalist, Tim Draper Wins USMS Bitcoin Auction

    Venture Capitalist, Tim Draper Wins USMS Bitcoin Auction Venture capitalist Tim Draper, sole winner of an auction last week of 30,000 Bitcoins by the US Marshals Service (USMS), called the sale a vote of confidence by the government in the nascent crypto-currency. The well-known Silicon Valley investor partnered with Palo Alto-based Vaurum, which facilitates over-the-counter ...
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  • Obama Administration Urges China To Appreciate RMB Yuan

    Obama Administration Urges China To Appreciate RMB Yuan

    Obama Administration Urges China To Appreciate RMB Yuan US Treasury Secretary Jacob Lew said Tuesday that China should allow the RMB Yuan to rise further and the United States will continue to push China to open its market to US investors on a level playing field. Sec. Lew said the Yuan has made some progress ...
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  • Russian Central Bank, 'Bitcoin Could Have Future'

    Russian Central Bank, ‘Bitcoin Could Have Future’

    Russian Central Bank, 'Bitcoin Could Have Future' Wednesday, Russia's central bank said that virtual currencies such as Bitcoin could have a future but warned that it could move to regulate their use in Russia. "One shouldn't reject these instruments, perhaps they really have a future, but in our country the criminal world immediately starts to ...
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  • US Treasuries Down, US Dollar Up

    US Treasuries Down, US Dollar Up

    US Treasuries Down, US Dollar Up 10-Yr: -13/32..2.615%.. USD/JPY: 101.82.. EUR/USD: 1.3649 Afternoon Update US Treasuries 2y -01/32 at 100 00/32 3y -04/32 at 99 27/32 5y -07/32 at 99 19/32 7y -09/32 at 99 12/32 10y -13/32 at 98 31/32 30y -31/32 at 98 17/32   US Dollar (DXY) Index EUR/USD -30 pips at 1.3650 GBP/USD +10 pips at ...
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  • EUR/USD Breaks Out Of Trading Range

    EUR/USD Breaks Out Of Trading Range

    The EUR/USD currency pair was able to break out from a tight trading range on the back good economic numbers coming out of Spain. The currency pair was able to break above its 200 day moving average which is currently at $1.36431 but was unable to sustain at higher levels. The currency pair found very ...
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  • Trend Reversal Seen In $USD/JPY

    Trend Reversal Seen In $USD/JPY

    The currency pair USD/JPY showed signs of a trend reversal on Tuesday after the currency pair bounced back to close in the green after being on a downward bias for nearly a week, the currency pair managed to gain 0.24% to consolidate at 101.56, this is the biggest single day gain since June 17th 2014. ...
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  • GBP/USD Continues To Move Up

    GBP/USD Continues To Move Up

    The GBP continued to move up against the U.S. dollar on Tuesday amid positive manufacturing numbers from the U.K.; the cable continued to firm up stay near the 6 year high mark on the increased demand for the British currency as the economic reports of the ongoing positive recovery still supported the currency pair GBP/USD, ...
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  • EUR/USD Does not Fall Below Six Week High

    EUR/USD Does not Fall Below Six Week High

    In what many feel is the aftermath of the rather weak economic indicators posted by European economies, the EUR slipped well below the currency pair of USD. At the end of the trading session on Tuesday, the EUR had reached a low but well poised around the six-week high. The technical range for the EUR/USD ...
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  • Bitcoin Auction Hands Over 30,000 Bitcoins To A Single Bidder

    Bitcoin Auction Hands Over 30,000 Bitcoins To A Single Bidder

    The most closely followed Bitcoin auction process has come to an end with the final list of winning bids and surprisingly only a single bidder will be taking a whole lot of 29,656 bitcoins home. While The U.S. Marshals Service did not reveal the name of the bidder's identity, they said to have informed the ...
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  • EUR/USD Down As Producer Price Inflation In Euro Slides For Fifth Month

    EUR/USD Down As Producer Price Inflation In Euro Slides For Fifth Month

    EUR/USD is trading considerable weak on Wednesday, shedding 0.11% to 1.3664 over mixed data reported in the euro zone. As in one place, the producer price inflation in the euro zone reported a decline for the fifth consecutive month, the rate of unemployed people declined in Spain. However, the data about the producer price inflation ...
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  • GBP/USD Records New High Post Cheerful Construction Data

    GBP/USD Records New High Post Cheerful Construction Data

    Sterling moves past its six year high against the U.S. dollar after a data in U.K. showed that the construction sector in June expanded the most in last four months, thus, leading to the optimistic outlook of the economy. Today, Sterling touched its high at 1.7171, which is its highest since October 2008, after which ...
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  • EUR/USD Slips Despite US Factory Data Spike

    EUR/USD Slips Despite US Factory Data Spike

    EUR/USD currency pair, during the US trading session slipped by over 0.08% reaching 1.3682 before finding support on Monday’s low. The resistance was fond at 1.3723, which was the high as of May 21. EUR/USD was influenced with the results reported for the Institute for Supply Management, which indicated that the Purchasing Managers’ Index fell ...
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  • Bitcoin Auction Update

    Bitcoin Auction Update

    With the USMS auction, there is breath of freshness in the virtual currency ecosystem. More importantly, the auction has probably the set the tone for a good breakout for the cryptocurrency. Until now, the currency has been testing markets for wide-ranging adoption for everyday purposes, over traditional currencies, was yet to see the strong sentiments ...
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  • Morning Brief: Currencies

    Morning Brief: Currencies

    Morning Brief: Currencies The beginning of a new Quarter means the time for asset allocation and the ECB meet on Thursday makes the scene interesting. EUR at 1.3678 is in a consolidation as expected after the sharp rally Monday, but it may rally towards 1.3750-1.3800, a lot depends on what comes out of the ECB ...
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  • The Great British Pound (GBP) Rises To Near 6-yr High

    The Great British Pound (GBP) Rises To Near 6-yr High

    The Great British Pound (GBP) Rises To Near 6-yr High The Great British Pound advanced to 1.7162 Vs the UDS  Tuesday, its strongest level since October 2008, as Britain's manufacturing purchasing managers' index (PMI) increased to a 7 month high. GBP traded at 1.7150 at 15:00 GMT, 0.26% higher than its closing price the prior ...
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  • ASEAN: RMB Yuan Cross-border Financial Forum Held In Kuala Lumpur

    ASEAN: RMB Yuan Cross-border Financial Forum Held In Kuala Lumpur

    ASEAN: RMB Yuan Cross-border Financial Forum Held In Kuala Lumpur  The RMB Yuan cross-border Financial Forum and cross-border bi-lateral Business Promotion held in Kuala Lumpur. The event was co-hosted by the Bank of China (HK:3988) in Malaysia and Fujian Branch of the Bank ofChina. Wu Zhengping, economic and commercial counselor in the Chinese embassy, said, Chinahas become the largest trading partner ...
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  • US Dollar Flat, US Treasuries Down

    US Dollar Flat, US Treasuries Down

    US Dollar Flat, US Treasuries Down 10-Yr: -07/32..2.554%.. USD/JPY: 101.50.. EUR/USD: 1.3690 Afternoon Update US Treasuries 2y Unch at 100 01/32 3y -01/32 at 99 31/32 5y -03/32 at 99 27/32 7y -04/32 at 99 24/32 10y -07/32 at 99 15/32 30y -16/32 at 99 23/32   US Dollar (DXY) Index EUR/USD -5 pips at 1.3690 GBP/USD +55 pips at ...
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  • No Immediate Trigger For EUR/USD

    No Immediate Trigger For EUR/USD

    There was nothing much to talk about as the popular currency pair EUR/USD started in trading sessions across the European continent. The currency pair maintained mid-1.36 range during the sessions. The Eurozone CPI Flash Estimate, which was much awaited across economies, was finally released. While the Flash Estimate was much in line with expectations, data ...
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  • GBP/USD Continues To Move Steadily

    GBP/USD Continues To Move Steadily

    Unlike the near melancholy movement of EUR/USD, the GBP/USD found astounding movement, with the pound reaching 6-year highs against the US Greenback. With USD reining in lower because of mixed data from various sectors, the sterling pound on the other hand found great support from the UK rate hike. On Monday trading, the pair hit ...
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  • Important Triggers Await AUD/USD

    Important Triggers Await AUD/USD

    In the currency pair of AUD/USD, the uptrend was found to be steady. The price was found to be within the ascending trend. Analysts expect the price to find support from the channel and it is expected to move back to resistance levels. Analysts also indicate that the pair could wilt when the buying pressure ...
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  • What Is The Outlook For The EUR?

    What Is The Outlook For The EUR?

    Much of the European single currency, EUR’s trajectory is determined by the European Central Bank (ECB), besides market influences. In the past weeks, lowering of rates from 10bps by over 0.15% by the central bank did have its ripple-effect as did the 0.10% charges on the bank reserves. The result of the financial moves, was ...
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  • Bitcoin Going Mainstream?

    Bitcoin Going Mainstream?

    As businesses round the world, begin to understand and a few of them explore the world of virtual currency, especially bitcoins, nearer home, in California, there is official law which permits the use of this currency! While many of the mainstream businesses which are overly active with pro-customer technology adoption have been adopting bitcoins transactions. ...
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  • Mastercard Inc (NYSE:MA)’s Patent Application Indicates Bitcoin Inclusion In Global Shopping Cart

    Mastercard Inc (NYSE:MA)’s Patent Application Indicates Bitcoin Inclusion In Global Shopping Cart

    Bitcoin adds Mastercard Inc (NYSE:MA) to its list of parons as the global financial services giant said that it has filed a patent, which aims to incorporate the virtual currency into its structure for a proposed global online shopping cart. The filing submitted to the US Patent and Trademark Office (USPTO) titled 'Payment Interchange for ...
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  • EUR/USD Euro Unemployment Rate Reported Unchanged

    EUR/USD Euro Unemployment Rate Reported Unchanged

    EURO is reflecting marginal weakness against the USD, but still maintains its level near six week high. On Tuesday, the EUR/USD was trading 0.02% down at 1.3690 as the euro zone released globally tepid economic reports. The pair is expected to get its support at 1.3640 and resistance at 1.3723. As per the latest data ...
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  • GBP/USD Sharply Up Post Positive U.K. Factory Data

    GBP/USD Sharply Up Post Positive U.K. Factory Data

    Pound reaches new high, breaching its six year record steered by robust factory growth in the U.K. As of Tuesday, the sterling was up 0.20%, that is, 0.0034 points higher at 1.7141. GBP/USD is expected to find support at 1.7095 and resistance at 1.7200. The report released by Markit highlighted that the manufacturing purchasing manager's ...
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  • Morning Brief: Currencies

    Morning Brief: Currencies

    Morning Brief: Currencies Most of the EUR shorts getting covered ahead of the ECB meet on Thursday, effectively weakening USD everywhere. EUR at 1.3688 broke above the resistance at 1.3680-90 in a show of strength, could rally towards 1.3750-1.3800 after consolidation in the area of 1.3650-1.3700. USD/JPY at 101.50 may bounce to 102.50 now, as ...
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  • US Treasuries Up, US Dollar Down

    US Treasuries Up, US Dollar Down

    US Treasuries Up, US Dollar Down 10-Yr: +06/32..2.521%.. USD/JPY: 101.30.. EUR/USD:1.3685 Afternoon Update US Treasuries 2y Unch at 100 01/32 3y +01/32 at 100 00/32 5y +02/32 at 99 30/32 7y +04/32 at 99 30/32 10y +06/32 at 99 25/32 30y +15/32 at 100 17/32 US Dollar (DXY) Index EUR/USD +40 pips at 1.3685 GBP/USD ...
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  • HEFFX Daily FX News, Alerts, Technicals

    HEFFX Daily FX News, Alerts, Technicals

    Oil, Gold, EURUSD, GBPUSD, USDCAD, USDJPY, AUDUSD, USDCHF HEFFX Daily FX News, Alerts, Technicals * The Chicago Purchasing Manager Index is due to be released at 9:45 a.m. EDT (1345 GMT) and the National Association of Realtors will publish its pending home sales index at 10:00 a.m. (1400 GMT). * With an abbreviated week due ...
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  • GBP Weak Against Dollar; Net Lending Rose In May

    GBP Weak Against Dollar; Net Lending Rose In May

    GBP Weak Against Dollar; Net Lending Rose In May GBP is trading weak against the greenback, recording a 0.08% drop to 1.7023 during late Asian hours on Monday. The latest report coming in from the U.K. pertains to net lending to households and individuals, which rose to a record level in May, higher than the ...
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  • Euro Strong Against Dollar Over Inflation Report

    Euro Strong Against Dollar Over Inflation Report

    Euro Strong Against Dollar Over Inflation Report Euro heads up stronger against the U.S. dollar on Monday after data released in the Euro Zone indicated that the annual rate of inflation in the region remained unchanged at 0.5% in June. The pair traded 0.5% higher at 1.3657 during the late Asian trade. The pair is ...
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  • Bitcoin Chief In China Seeks Government Acceptance

    Bitcoin Chief In China Seeks Government Acceptance

    Harried chief of BTC China Bobby Lee has commented that despite the People’s Bank of China’s various obstacles which do not encourage the use of the virtual currency in the marketplace, there is no law in China, which says crypto-currency of Bitcoins are illegal. He however, placed a request with the government to encourage bitcoin ...
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  • Dollar Weighs-In Weaker

    Dollar Weighs-In Weaker

    USD was found to trade on Monday, against the EUR at prices which were the lowest in the last one month. And the green back was down not only against the single-currency but against the Yen as well. The cause of the dollar showing sluggishness was attributed to the various data indicators, which weighed-in below ...
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  • Bitcoin Gets Thumbs Up In California With New Bill

    Bitcoin Gets Thumbs Up In California With New Bill

    Bitcoin Gets Thumbs Up In California With New Bill Bitcoin gets first official acceptance in California as its governor Jerry Brown clears first bill that does away with state level hurdles to adopt alternative currency such as bitcoins. The supporters of the bill have said that the previous law was stringent and,thereby, discouraged the use ...
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  • China Inks RMB Yuan Business MOUs With Luxembourg And France

    China Inks RMB Yuan Business MOUs With Luxembourg And France

    China Inks RMB Yuan Business MOUs With Luxembourg And France The People's Bank of China (PBOC), China's central bank, Sunday announced that it has inked 2 Memorandum of Understanding (MOUs) on Renminbi (RMB Yuan) business with the central banks of Luxembourg and France. The MOU between the PBOC and Banque Centrale du Luxembourg (BCL) aims ...
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  • Globalized RMB Yuan To Stabilize World Economy

    Globalized RMB Yuan To Stabilize World Economy

    Globalized RMB Yuan To Stabilize World Economy The globalization of the RMB Yuan, or renminbi will not only benefit the Chinese economy, but generate global economic stability, a senior banker has said. The Yuan (CNY) did not depreciate during the Y 1997 Asian financial crisis or the Y 2008 global financial crisis, helping stabilize the ...
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  • Sale Of Bitcoin Seized From Silk Road Readied For Auction

    Sale Of Bitcoin Seized From Silk Road Readied For Auction

    Sale Of Bitcoin Seized From Silk Road Readied For Auction Since last fall, the US government has been trying to figure out how it can sell the Bitcoins it siezed in the Silk Road raid it for the maximum amount The US government is responsible for selling property taken from criminals, including cars, yachts and ...
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  • The US Government Is Paying Attention To Bitcoin

    The US Government Is Paying Attention To Bitcoin

    The US Government Is Paying Attention To Bitcoin Digital currencies including Bitcoin getting more attention from the US Consumer Financial Protection Bureau (CFPB) after prodding from a congressional watchdog. The Government Accountability Office (GAO), the investigative arm of Congress, wrote in a confidential report that the bureau, created by the 2010 Dodd-Frank financial regulatory overhaul, ...
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  • US Dollar Down, US Treasuries Up

    US Dollar Down, US Treasuries Up

    US Dollar Down, US Treasuries Up 10-Yr: unch..2.526%.. USD/JPY: 101.35.. EUR/USD: 1.3635 Friday Afternoon Update US Treasuries 2y Unch at 100 01/32 3y Unch at 99 31/32 5y +01/32 at 99 29/32 7y +01/32 at 99 29/32 10y Unch at 99 24/32 30y +01/32 at 100 11/32   US Dollar (DXY) Index EUR/USD +25 pips at 1.3635 GBP/USD -5 pips ...
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  • HEFFX Daily FX Technicals

    HEFFX Daily FX Technicals

    HEFFX Daily FX Technicals Oil, Gold, EURUSD, GBPUSD, USDCAD, USDJPY, AUDUSD, USDCHF Crude Oil (NYMEX) (Q4) Intraday: caution. Pivot: 106.85 Our preference: Short positions below 106.85 with targets @ 104.85 & 104.25 in extension. Alternative scenario: Above 106.85 look for further upside with 107.5 & 108.1 as targets. Comment: Intraday technical indicators are mixed and ...
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  • Federal Reserve Talk Pushes USD Higher

    Federal Reserve Talk Pushes USD Higher

    Thursday’s Fox Business Network interview with the President of St.Louis Federal Reserve, James Bullard has led to a strong rally by the greenback. The reason for the show of strength by the USD was prompted by the hawkish Federal Reserve Presidents comments of the interest rates rising, perhaps within the next two quarters. Though the ...
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  • GBP/USD Trades Unchanged; Economic Growth In The U.K. In Line

    GBP/USD Trades Unchanged; Economic Growth In The U.K. In Line

    GBP/USD is little changed over the data published by both U.K. and the U.S. During the late Asian trade, GBP was slightly up by 0.01% at 1.7027. The pair is expected to get support at its low of June 25, 1.6952 and resistance at 1.7063, which is high of June 19. FX Trading, Better Spreads, ...
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  • EUR/USD Flat; U.S. Data To Be Followed Today

    EUR/USD Flat; U.S. Data To Be Followed Today

    The euro was trading flat against the greenback on Friday at 1.3612. The data released in both the United States and Europe were equally supportive for their individual currencies. The pair is expected to get support at 1.3574, and resistance at 1.3677. FX Trading, Better Spreads, Faster Execution, US Clients Welcome Jobless Claims Data Improved ...
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  • Consumer Bureau to Watch Bitcoin

    Consumer Bureau to Watch Bitcoin

    A Bloomberg report reveals that the U.S. Consumer Financial Protection Bureau (CFPB) will play an active role in deciding the policies related to Bitcoin and other virtual currencies, after it was prodded by a congressional regulator. The report further discloses that the Government Accountability Office (GAO), which is an investigative wing of Congress, highlighted the ...
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  • Technical Update On GBP/USD

    Technical Update On GBP/USD

    GBP/USD pair edged up on Thursday after the comments by Bank of England governor on strengthening the regulatory norms on the property market, the currency pair traded in a range of 1.6970 and 1.7040, the currency pair trimmed its early day’s gains to consolidate at 1.7022 with a gain of 0.24%. Though it managed to ...
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  • $EUR/USD Faces Resistance At 200-DMA

    $EUR/USD Faces Resistance At 200-DMA

    The EUR/USD has been trading in a very narrow range over the last couple of trading sessions. The currency pair has been finding stiff resistance on the upside near the 200 day moving average which is currently at $1.36418. The currency pair has tried breaking out of this narrow range but has found selling pressure ...
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  • $AUD/USD Showing Signs Of Reversal

    $AUD/USD Showing Signs Of Reversal

    AUD/USD has been in a strong uptrend right from the beginning of the year but it seems we are seeing first signs of a reversal for the currency pair currently. The currency pair has formed a bearish engulfing pattern on the daily charts which confirms to me of the impending correction for the stock in ...
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  • Morning Brief: Forex

    Morning Brief: Forex

    Morning Brief: Forex At 1.3650, EUR 1.3621 tested the higher end of its  contracting range of 1.3550-1.3650, but it needs to confirm Bullishness by a break above 1.3680-90, which may lead to rallies towards 1.38 or further. USD/JPY at 101.51 testing the lower end of the its 2 wk range of 101.50-102.75, and an extension ...
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  • US Dollar Drifted In Afternoon Trade

    US Dollar Drifted In Afternoon Trade

    1US Dollar Drifted In Afternoon Trade 110-Yr: +10/32..2.524%.. USD/JPY: 101.66.. EUR/USD:1.3612 The US Dollar (DXY) Index drifted little changed near 80.20 in afternoon trade to hold the 50 and 100-Day MA  A morning bid emerged following hawkish comments from St. Louis Fed President James Bullard, pushing a test of resistance at 80.40, but selling pushed the Buck back onto the ...
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  • HEFFX Daily FX Technicals

    HEFFX Daily FX Technicals

    Oil, Gold, EURUSD, GBPUSD, USDCAD, USDJPY, AUDUSD, USDCHF Crude Oil (NYMEX) (Q4) Intraday: caution. Pivot: 106.85Our preference: Short positions below 106.85 with targets @ 105.25 & 104.85 in extension.Alternative scenario: Above 106.85 look for further upside with 107.5 & 108.1 as targets.Comment: Intraday technical indicators are mixed and call for caution. Opinion published is an ...
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  • GBP/USD Trades Flat

    GBP/USD Trades Flat

    The currency pair GBP/USD remained flat on Wednesday after the U.S. dollar weakened, the Cable gained in the early traders following a selloff in the U.S. dollar but could not sustain the gains as the expectations of interest rates hike by the Bank of England lowered, the currency pair GBP/USD closed flat with no gains ...
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  • GBP/USP Over Bought; Driven By BoE Housing Market Measures

    GBP/USP Over Bought; Driven By BoE Housing Market Measures

    GBP is stronger against the U.S. Dollar helped by the steps taken by the Bank of England to regulate the property market on Thursday. The pair is up by as much as 0.27% to 1.7028 and is expected to find its support at 1.6950 and resistance at 1.7062. Housing Market Steps In its bid to ...
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  • EUR/USD Continues To Consolidate

    EUR/USD Continues To Consolidate

    The currency pair EUR/USD continued to move up and gained around 0.16% to consolidate at 1.3628, the Single currency firmed up on the note of weak U.S. dollar, the U.S. dollar struggled against the Euro as a result of poor GDP numbers, the currency pair as the daily charts suggest is on a upward bias ...
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  • EUR/USD Trades Weak As Dollar Remains Unaffected By GDP Contraction

    EUR/USD Trades Weak As Dollar Remains Unaffected By GDP Contraction

    EUR/USD remains largely weak against the dollar as the pair was trading below 0.10% at 1.3615.The pair is expected to get support at 1.3600 and resistance at 1.3652. GDP Shrank The weakness in Euro persists even as the disappointing U.S. data on Wednesday became a major drag down for the greenback. The dollar witnessed some ...
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  • Bitcoin Waits For Auction Day

    Bitcoin Waits For Auction Day

    As a number of high-profile bidders, both individual and institutional, line up for the Bitcoin Auction that is about to take place tomorrow, the virtual currency finds itself on a retreat mode. Bitcoin declined to a session low of $564. 36 on BitStamp, befor paring losses to settle at $565, implying a value loss of ...
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  • Bearish Engulfing Pattern Seen In $AUD/USD

    Bearish Engulfing Pattern Seen In $AUD/USD

    The AUD/USD saw the formation of a bearish engulfing pattern in the trading session day before yesterdays which was seen as bearish indicator. This was reversed as the currency pair witnessed a very strong pull back from the lows of the day in yesterday’s trading session. The currency pair has been in a very strong ...
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  • EUR/USD Bound By Bullish Triangular Price Range

    EUR/USD Bound By Bullish Triangular Price Range

    EUR/USD currency pair in the last two months, believe analysts, has been trading at three critical points which showed a quick upward rise and a base point at which they moved laterally. In terms of geometry, the currency pair in the months of May and June have followed price trends in the triangular format. Triangular ...
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  • US Dollar Trading In Upper 101 Yen Range In Early Tokyo Action

    US Dollar Trading In Upper 101 Yen Range In Early Tokyo Action

    US Dollar Trading In Upper 101 Yen Range In Early Tokyo Action The US Dollar traded in the upper 101 Yen range  Thursday morning in Tokyo action, almost unchanged from its overnight marks in New York. At 9 a., USD was quoted at 101.82-84 JPY compared with 101.82-92 J{Y in New York and 101.90-91 JPY ...
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  • GBP/USD Technical Update

    GBP/USD Technical Update

    The U.S. dollar firmed up Tuesday on upbeat U.S. data, the currency pair GBP/USD slipped on Tuesday with a loss of 0.25% to consolidate below 1.70 levels at 1.6981. The currency pair closed below 1.70 levels for the first time since June 18th 2014. The U.S. dollar had been suffering on the account of mixed ...
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  • US Dollar (DXY) Index Pressured By Weak US Economic Data

    US Dollar (DXY) Index Pressured By Weak US Economic Data

    US Dollar (DXY) Index Pressured By Weak US Economic Data 10-Yr: +06/32..2.556%.. USD/JPY: 101.81.. EUR/USD:1.3635 The US Dollar (DXY) Index has cut its early losses as trade looks for support near 80.20.  The mark is in focus as both the 50 and 100-Day MAs stand in the ares.  EUR/RUSD is +35 pips at 1.3635 as trade looks likely to put in its best ...
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  • EUR/USD Technical Update

    EUR/USD Technical Update

    EUR/USD has shown a good amount of up move in the last few trading sessions but has been unable to sustain at higher levels. It has found resistance at a downward sloping trend line. It seems that every the currency pair tries to make an up move sellers use every such opportunity to sell into ...
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  • Technical Update For AUD/USD

    Technical Update For AUD/USD

    The AUD/USD saw the formation of a bearish engulfing pattern in yesterday’s trading session which is a bearish indicator. The currency pair has been in a very strong uptrend right from the beginning of the year but has shown signs of weakness over the last couple of weeks. The currency pair currently trades above its ...
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  • Carney’s Remarks About Interest Rates Led To Steep fall In GBP

    Carney’s Remarks About Interest Rates Led To Steep fall In GBP

    The Pound fell to a one-week low against the U.S. dollar after thegovernor of Bank of England, Mark Carney, hinted that the interest rates would not be raised until the beginning of the next year. Carney said that the British economy still has slack that needs to be managed and thus, declined the possibility of ...
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  • EUR/USD Steady On Upbeat U.S. Data But Iraq Crisis Remains A Threat

    EUR/USD Steady On Upbeat U.S. Data But Iraq Crisis Remains A Threat

    Dollar is firm against Euro as well as other major currencies on Wednesday, following a positive report about the consumer confidence and new home sales on Tuesday. During the late Asian trade, EUR/USD was 0.01% down at 1.3605. The pair is expected to get support at 1.3573 and resistance at 1.3642. Get More from your ...
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  • Indifferent To Bitcoin Debate, A Large Number Of Bidders Ready To Participate In Auction

    Indifferent To Bitcoin Debate, A Large Number Of Bidders Ready To Participate In Auction

    Undeterred with the boom and bust, the faith and distrust surrounding Bitcoin, bidders right from Wall Street to Silicon Valley are excessively interested to get a share in the upcoming auction of $17.4 million worth of the cryptocurrency. The auction arranged by the U.S. government to sell bitcoins, seized during its raid on "The Silk ...
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  • Morning Brief: Forex

    Morning Brief: Forex

    Morning Brief: Forex The BOE turned dovish from  hawkish is reflecting the same mood as the US Fed now. Does the BOE wants Sterling below 1.70 just as the ECB wants to keep EUR below 1.40? Looks that way from here. Seeing low interest rates from BOE until late Y 2017. EUR at 1.3602 trading ...
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  • US Dollar (DXY) Index Testing 200-Day MA, Treasuries Near Highs

    US Dollar (DXY) Index Testing 200-Day MA, Treasuries Near Highs

    US Dollar (DXY) Index Testing 200-Day MA, Treasuries Near Highs 10-Yr: +08/32..2.595%.. USD/JPY: 101.98.. EUR/USD:1.3605 Selling has pushed the Dollar (DXY) Index back to the flat line near 80.30.  Some early selling had action pushing the support 80.20 before this morning's strong new home sales and consumer confidence data sparked a run to session highs in the 80.40 region. ...
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  • HEFFX Daily FX Update

    HEFFX Daily FX Update

    daily, fx, live, charts, trading, gbp, gbpusd, eurusd, eur, usd, jpy, oil Crude Oil (NYMEX) (Q4) Intraday: the downside prevails. Pivot: 106.7Our preference: Short positions below 106.7 with targets @ 105.25 & 104.85 in extension.Alternative scenario: Above 106.7 look for further upside with 107.5 & 108 as targets.Comment: Even though a continuation of the technical ...
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  • AUD/USD Marks High Despite Slip

    AUD/USD Marks High Despite Slip

    The Australian Dollar continued to remain close to the April high on Tuesday, though marginal slip did creep in after a steady rise on Monday, given the good results from Chinese manufacturing revival. The AUD apparently sustained the downward ride based on the strength of the deluge of Chinese orders and the support ensured AUD ...
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  • California Supports Bitcoin With Its New Bill

    California Supports Bitcoin With Its New Bill

    California wants to make it easy for Bitcoin and other digital currencies and so the lawmakers of the state have approved certain measures in this direction. A Reuters report suggests that the California lawmakers have laid out measures to help the adoption and use of cryptocurrency easier, shrugging off the concerns stemmed by the collapse ...
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  • EUR/USD Weak German Business Confidence

    EUR/USD Weak German Business Confidence

    The U.S. Dollar continues to be weak against Euro as the pair EUR/USD traded 0.9% higher at 1.3615 on Tuesday, during the late Asian trade. The strength in Euro remains despite the data showing falling signs of confidence in German business. Euro Strong As per data released today, the German ifo business climate index declined ...
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  • AUD/USD Technical Update

    AUD/USD Technical Update

    AUD/USD Technical Update Shayne Heffernan of HEFFX takes a look at the AUD/USD trading session The currency pair bounced on Monday after closing in the red on Friday, Australian firmed up on Monday to post gains of 0.40%, and the currency pair traded in a range of 0.9445 and 0.9385 and consolidated at 0.9422. The ...
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  • EUR/USD Technical Update

    EUR/USD Technical Update

    EUR/USD Technical Update Shayne Heffernan of HEFFX takes a look at EUR/USD today. EUR/USD has shown a good amount of up move in the last few trading sessions. The EUR/USD was able bounce back from the lows yesterday after the PMI numbers which made me believe that the EUR/USD might be entering a fresh uptrend ...
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  • GBP/USD Technical Update

    GBP/USD Technical Update

    The currency pair remained mostly flat on Monday as the trader’s awaited U.S. data, the currency pair traded in a very narrow range of 1.7002 and 1.7049, the Cable remained marginally higher and the currency pair consolidated at 1.7024 with modest gains of 0.01% The Cable remained positive on the note of speedy recovery of ...
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  • GBP/USD Trading Sharply Lower

    GBP/USD Trading Sharply Lower

    GBP/USD fell sharply by as much as 0.30% during the late Asian trade at 1.6975, paring early gains of the session. The data released in the U.S. relates to the decline in the mortgage approvals of the month.The pair is expected to find its support at 1.6924 and resistance at 1.7063. Fall In New Mortgage ...
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  • US Dollar Down, US Treasuries Up

    US Dollar Down, US Treasuries Up

      US Dollar Down, US Treasuries Up 10-Yr: +01/32..2.599%.. USD/JPY: 101.90.. EUR/USD:1.3590 Afternoon Update US Treasuries  2y Unch at 99 26/32 3y -01/32 at 99 25/32 5y Unch at 99 03/32 7y Unch at 98 22/32 30y +01/32 at 99 03/32 30y +09/32 at 99 03/32   US Dollar (.DXY) Index EUR/USD -10 pips at 1.3590 GBP/USD +5 pips ...
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  • GBP/USD Slips As Pound Sees Slight Setback

    GBP/USD Slips As Pound Sees Slight Setback

    GBP/USD currency pair noted a substantial slip on Friday last, given pound’s pull back from the high levels it held in over half-decade. However, action by Bank of England ensured support, at 1.70, as the central bank raised interest rates. Friday prices The currency pair noted a slip of 0.15% towards the end of the ...
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