Currencies

  • Morning Brief: Currencies

    Morning Brief: Currencies

    Morning Brief: Currencies EUR firm even when the ECB president Draghi said that this strength was a concern for the economic recovery of the Eurozone, and nearly all the majors are trading quietly with no volatility visible anywhere right now. EUR at 1.36114 consolidating in the broader range of 1.35-1.37 for the last 6 wks ...
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  • US Treasuries Down, US Dollar Up

    US Treasuries Down, US Dollar Up

    US Treasuries Down, US Dollar Up 10-Yr: -07/32..2.544%.. USD/JPY: 101.55.. EUR/USD: 1.3610 Afternoon Update 2y -01/32 at 100 01/32 3y -02/32 at 99 24/32 5y -04/32 at 99 23/32 7y -06/32 at 99 23/32 10y -07/32 at 99 18/32 30y -12/32 at  100 06/32   US Dollar (.DXY) Index EUR/USD +5 pips at 1.3610 GBP/USD -40 pips at 1.7075 USD/JPY ...
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  • GBPUSD Moving Sideways

    GBPUSD Moving Sideways

    The currency pair GBP/USD edged lower on Friday amid profit booking and Positive Jobs reports from the U.S. economy, the Pound lost its positive buying momentum after the U.S. posted positive jobs reports, the labor department stated the initial jobless claims for the week ending July 5th 2014 declined by 11,000 to a total of ...
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  • Upside Momentum In EURUSD

    Upside Momentum In EURUSD

    EUR/USD on the daily charts showed some good upside momentum after being in bearish territory for most of last week. The currency pair tried moving higher but found stiff resistance at the 200 day moving average and gave up most of its gains. In my opinion, if the currency pair is unable to move above ...
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  • GBPUSD GBP Trails USD As Interest Rates Remain A Major Factor

    GBPUSD GBP Trails USD As Interest Rates Remain A Major Factor

    GBPUSD GBP Trails USD As Interest Rates Remain A Major Factor GBP/USD was trading excessively weak on Monday as the British pound slipped 0.16% to 1.7078. While, the dollar was also trading weak against the major currencies, but it remained strong against the sterling. In the U.S., the major focus remains on the much awaited ...
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  • EURUSD Euro Up As ECB’s Draghi To Give Testimony Today

    EURUSD Euro Up As ECB’s Draghi To Give Testimony Today

    Euro is heading strong against the dollar during the early U.S. hours but remains in a tight range as the market players turn their focus to the European Central Bank President Mario Draghi's testimony, later today. Euro was trading 0.09% higher against the dollar at 1.3619. The pair is expected to get support at a ...
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  • Where Is GBP/USD Headed?

    Where Is GBP/USD Headed?

    GBP/USD the currency pair is under pressure as the royal currency slipped against the green back on Friday. Sterling Pound found itself weaker as the country’s construction data reported less than estimated numbers. The pair showed some late evening slide on the last day’s trading last week, closing at $1.7106, down by 0.15%. The currency ...
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  • FX News: AUDUSD

    FX News: AUDUSD

    FX News: AUDUSD AUD/USD currency pair at the start of a trading new week in July saw the Australian dollar, remain unchanged as US continues on a dry session, with no data scheduled for release. AUD/USD currency pair was found to trade at 0.9403 towards the close of the Asian trading session, finally closing the ...
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  • Singapore Economy Starts to Slow

    Singapore Economy Starts to Slow

    Singapore Economy Starts to Slow Singapore’s economy contracted unexpectedly in April-June for the first time in seven quarters. Singapore’s GDP shrank by 0.8 percent in the second quarter from the previous quarter on a seasonally adjusted and annualized basis, a much weaker outcome than the median forecast of 2.5 percent growth seen in a Reuters ...
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  • Managed Accounts

    Managed Accounts

    Managed Accounts 95% of traders lose money this is a fact. 5% of elite traders have learned to consistently be profitable month after month by controlling risk, however it is an extremely long and difficult learning curve and most people never get there. This is why, if you don’t have either the time or experience ...
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  • China-Europe RMB Yuan Settlement Up In May

    China-Europe RMB Yuan Settlement Up In May

    1China-Europe RMB Yuan Settlement Up In May The China-Europe settlement of Chinese currency Renminbi (RMB), the Yuan, saw fast growth in May, according to a report unveiled Saturday by the Bank of China (PINK:BACHY, HK:3988). The Yuan settlement amount between China's Mainland and 4 European countries; Germany, Britain, Luxembourg and France 2X'd from a year ...
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  • US Dollar Up, US Treasuries Up

    US Dollar Up, US Treasuries Up

    US Dollar Up, US Treasuries Up 10-Yr: +06/32..2.511%.. USD/JPY: 101.30.. EUR/USD:1.3602 Afternoon Update 2y Unch at 100 02/32 3y +01/32 at 99 26/32 5y +02/32 at 99 30/32 7y +04/32 at 99 31/32 10y +06/32 at 99 28/32 30y +16/32 at 100 21/32   US Dollar (DXY) Index EUR/USD -5 pips at 1.3600 GBP/USD -25 pips at 1.7105 USD/JPY ...
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  • USD/JPY Trading In Narrow Range

    USD/JPY Trading In Narrow Range

    USD/JPY on the daily charts has been trading in a very narrow range since last couple of weeks. The currency pair has been finding resistance at levels of 102.12 and whenever the currency seems to rally it is met with selling at higher levels and hasn’t been able to convincingly cross over the downward sloping ...
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  • GBP/USD Sells Off

    GBP/USD Sells Off

    GBP/USD sold off in yesterday’s trading session gave up all of the gains that it made in the previous day. This was more on the back of a selloff in the equity markets on the news coming out of Portugal. The currency pair has been in a tremendous uptrend over the past year, but has ...
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  • EUR/USD Sell Off

    EUR/USD Sell Off

    Technically, on the daily charts, EUR/USD witnessed a huge sell off and the formation of a bearish engulfing pattern which is a bearish sign. The currency pair had been in a steady uptrend over the last week but this news led to the currency pair giving up most of its weekly gains. The next support ...
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  • EURUSD: USD Gains As EU Banks Trigger Crisis

    EURUSD: USD Gains As EU Banks Trigger Crisis

    European banks, in particular Portugal, Spain and Italy have proved to be the epicentre, driving waves of concern on the viability of leading banks in the region. EUR/USD currency pair in the US traded low by 0.26% on Thursday, reaching points of 1.3605. As news of the largest bank in Portugal, Banco Espirtio Santo failing ...
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  • Copay: New Bitcoin Payment Platform

    Copay: New Bitcoin Payment Platform

    CoPay an open source wallet service, was launched by BiPay, one of the leading payment processing service providers. The requirement for a brand new wallet service was prompted by the need to create a secure platform to fill-up the security loopholes despite the use of private keys. The knowledge that the lack of such keys ...
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  • Bitcoin Trading Volatile On Friday

    Bitcoin Trading Volatile On Friday

    Bitcoin started the trading today on a soft note. The virtual currency closed in red on Friday. BTC/USD pair closed at $615.11 down 0.88% at Coindesk BPI exchange. It opened flat at same level on Friday 11, 2014. It made a low of $613.87 in early morning trade. It recovered from day’s low and was ...
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  • GBPUSD Declines On Upbeat U.S. Jobless Claims Data

    GBPUSD Declines On Upbeat U.S. Jobless Claims Data

    The dollar traded firm against the pound on Thursday after the release of U.S. jobless claims data. The data showed a decline in people seeking jobless benefits in last week. The data came better than the market’s expectations. GBP/USD was trading with a fall of 0.22% at 1.7121 on Thursday. It recovered from session's low ...
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  • EUR/USD Snaps Three-Day Gain on Portuguese Bank Concerns

    EUR/USD Snaps Three-Day Gain on Portuguese Bank Concerns

    The euro stopped its rally against the dollar due to the raising Portuguese bank concerns. A Portuguese banking company has missed the debt payments. It has made the investors wary about the economic recovery of the region. It seems more vulnerable to the outer shocks. It becomes more important at a time when the economy ...
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  • The US Dollar (.DXY) Index Traded Near Session Highs

    The US Dollar (.DXY) Index Traded Near Session Highs

    The US Dollar (.DXY) Index Traded Near Session Highs .DXY hung at the flat line overnight efore steady buying took hold for the remainder sesion. 10-Yr: +04/32..2.535%.. USD/JPY: 101.32.. EUR/USD:1.3594 EUR/USD is -40 pips at 1.3600 as trade looks to put in its 1st loss in 4. Euro came under pressure during Thursday's session as concerns over the health of the ...
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  • Sell Off Seen In AUD/USD

    Sell Off Seen In AUD/USD

    The AUD/USD saw some very good buying interest emerge from lower levels over the last couple of days. This seem to have waned in todays trading session and we have witnessed a serious sell off in the currency pair. The currency pair saw some upmove in the morning session but soon saw selling pressure emerge ...
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  • Selling Pressure In GBP/USD

    Selling Pressure In GBP/USD

    GBP/USD in yesterday’s trading session saw some buying at lower levels but this was on back of very low volumes and therefore we are seeing the rally being sold into in today’s trading session. This in my opinion confirms my view that the currency pair has been finding exhaustion at higher levels. This in my ...
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  • EUR/USD Continues To Move Up

    EUR/USD Continues To Move Up

    The EUR/USD continued its up move on the daily charts. The currency pair has formed a bullish engulfing on the daily charts is currently trading very close to the upward sloping trend line resistance at $1.36517. In my opinion, if the currency pair is able to close above the above mentioned level we might see ...
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  • The Story Of Bitcoin Silk Road Suit & Its Creator

    The Story Of Bitcoin Silk Road Suit & Its Creator

    Where Bitcoins are in discussion, money-laundering and sleaze raise their illegal heads. The story now is of the Silk Road, an underground bitcoin route which was created to stash cryptocurrency bitcoin from prying eyes of federal observers. At the center of the allegations is Ross Ulbricht, controversially credited with creating the subversive route to counter ...
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  • BTC/USD To Correct Amidst Growing Problems

    BTC/USD To Correct Amidst Growing Problems

    BTC/USD pair faced pressure on Wednesday as it is surrounded by on-going legal problems. The speculators are unable to find any positive catalysts to influence the price direction. The pair started the trade with a fall of more than 1% on Wednesday. Also, it has started the trading on Thursday at a weaker note trading ...
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  • GBP/USD Starts The Day On A Soft Note

    GBP/USD Starts The Day On A Soft Note

    The pound has started the trading on a flat note against the U.S. dollar on Thursday. The pair is trading flat around 1.7157. The pound had a slightly volatile session against the U.S. dollar on Wednesday. The pound started the day on a weak note yesterday as the investors were cautious about the Fed Minutes. ...
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  • EUR/USD Gains After Fed Minutes

    EUR/USD Gains After Fed Minutes

    Finally, the much awaited Fed minutes were out on Wednesday. The meeting was expected to provide clear insight on the interest rates that are set to increase from next year. The ambiguity resulted in the fall in the dollar. It fell the most in more than a week. The euro maintained its positive momentum and ...
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  • China's FinMin Defends Forex Intervention

    China’s FinMin Defends Forex Intervention

    China's FinMin Defends Forex Intervention China's finance minister Wednesday defended the country's currency interventions, saying it was difficult to take a hands-off approach when it came to the RMB Yuan, given an unsteady economy and abnormal capital inflows. Speaking on the 1st day of annual high-level talks between China and the United States, Lou Jiwei ...
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  • US Dollar (.DXY) Seeing 3rd Day Running Of Losses

    US Dollar (.DXY) Seeing 3rd Day Running Of Losses

    US Dollar (.DXY) Seeing 3rd Day Running Of Losses The US Dollar (.DXY) Index tapped the 80.20 flat line following the release of the June FOMC minutes, and faded to Red as trade pressed lower to 80.10. The minutes showed the Committee discussed ending its QE program in October with a $15-B taper, not "set ...
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  • Weak U.K. Manufacturing Data Continues To Weigh On GBP/USD

    Weak U.K. Manufacturing Data Continues To Weigh On GBP/USD

    GBP/USD is sharply lower on Wednesday ahead of the Fed's policy meet today. The pair was last trading 0.19% down at 1.7098, however, sterling remain supported at 1.7100 levels. As far as the technical are concerned, the pair is likely to get its support at 1.7075 and resistance at 1.7146. Losses Guarded The fall in ...
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  • Dollar Constant Ahead Of The Fed’s Policy Meet

    Dollar Constant Ahead Of The Fed’s Policy Meet

    Dollar witnessed little volatility in its prices as it held up steadily against most of the major currencies on Wednesday. However, the market players are cautious as all the eyes are set on the Fed's policy meet later today. In the meanwhile, the EUR/USD pair shed some gains, that is, upto an extent of 0.06% ...
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  • Bitcoins.com Auction Money To Be Utilized To Pay Mt. Gox Creditors

    Bitcoins.com Auction Money To Be Utilized To Pay Mt. Gox Creditors

    Bitcoins.com, the website dedicated to deliver information on the digital currency, has been put up for sale by its owner Mark Karpeles, CEO of the collapsed Mt. Gox exchange. The domain is slated to be auctioned on July 24 by Heritage Auctions, which is a U.S. based auction house. While the sale of the domain ...
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  • EUR/USD Up On Euro’s Partial Gains

    EUR/USD Up On Euro’s Partial Gains

    In the start of this week, July 7, the US dollar is riding some cold waves, as investors wait for what the Federal Reserve’ June policy meeting minutes to be announced on Wednesday. Much of the wait, for investors is on the critical factor of the interest rate hike and its timing. EUR/USD during Tuesday’s ...
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  • Bullish Engulfing Pattern In AUD/USD

    Bullish Engulfing Pattern In AUD/USD

    The AUD/USD saw some very good buying interest emerge from lower levels over the last couple of days. The currency pair has formed a bullish engulfing pattern on the daily charts which confirms to me that the currency pair can make move to higher levels in the coming days. The currency pair saw some profit ...
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  • Has Correction Began In GBP/USD?

    Has Correction Began In GBP/USD?

    GBP/USD has been in strong up move but is showing first signs of exhaustion at the higher levels. The currency has been steadily moving lower over the last couple of trading sessions which in my belief shows that even though the currency pair is currently at 6 year highs, we might be witnessing the first ...
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  • Bargain Hunting Seen In EUR/USD

    Bargain Hunting Seen In EUR/USD

    The EUR/USD on the daily charts saw a good upmove in the last few trading sessions as it took support at levels of $1.35742. The currency pair saw some bargain hunting at lower levels and saw the currency close in the green. One thing to point out here is that the currency pair seems to ...
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  • Easiest Forex Trading Strategies

    Easiest Forex Trading Strategies

    Easiest Forex Trading Strategies One of the easiest Forex trading strategies to master is known as currency analysis. This is a relatively foolproof method of predicting market movements and currency fluctuations. There are two different methods used to analyze currency: technical analysis and fundamental analysis. Technical analysis relies on the price of currency pairs to ...
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  • HEFFX FX Trading News

    HEFFX FX Trading News

    HEFFX FX Trading News Crude Oil (NYMEX) (Q4) Intraday: rebound expected. Pivot: 102.95Our preference: Long positions above 102.95 with targets @ 103.95 & 104.65 in extension.Alternative scenario: Below 102.95 look for further downside with 102.35 & 102.05 as targets.Comment: A support base at 102.95 has formed and has allowed for a temporary stabilisation. Opinion published ...
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  • GBPUSD Trading Outlook Negative

    GBPUSD Trading Outlook Negative

    GBPUSD Trading Outlook Negative The Bank of England is again set to leave its key interest rate at a record low of 0.50 percent Thursday after it launched measures to cool Britain's housing market. The BoE is forecast also to leave its level of cash stimulus, or quantitative easing, pumping around the economy at 375 ...
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  • Indonesian Economic Update

    Indonesian Economic Update

    Indonesia’s foreign exchange reserves increased 0.7 percent in June, thanks in part to the rise in the government’s oil and gas revenue and higher foreign-exchange term deposits at local banks. Reserves climbed to $107.7 billion at the end of June, from $107 billion a month earlier, the central bank said in a statement on Monday. ...
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  • FX News USDPHP Philippines Market Update

    FX News USDPHP Philippines Market Update

    FX News USDPHP Philippines Market Update Foreign exchange reserves rose for the fourth consecutive month in June to $80.7 billion as foreign money in various forms continued to flow into the country, the central bank reported Monday. Documents released Monday showed the country’s gross international reserves (GIR) rose to their highest level for the year ...
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  • US Dollar (DXY) Index Falls For 2nd Day Running

    US Dollar (DXY) Index Falls For 2nd Day Running

    US Dollar (DXY) Index Falls For 2nd Day Running The US Dollar (DXY) Index hangs on at session lows near 80.15.  The Buck held small gains during the overnight session, but slipped into the Red just after US equity markets opened Tuesday. EUR/USD is +5 pips at 1.3610 as trade fights for a 2nd day ...
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  • EUR/USD: Fed Minutes Steady Dollar

    EUR/USD: Fed Minutes Steady Dollar

    EUR/USD may have edged downward to 1.3593, but the dollar remained in focus, even as the Minutes of Fed Reserve made the headlines. The USD continued to remain within the highs the currency saw in the previous week. Though the gains reported by the dollar was more in broader terms, the job gains reported in ...
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  • Bitcoin Trading Range Bound

    Bitcoin Trading Range Bound

    In interesting news, Bitcoins were found to trade within a range, allowing investors interested in point zone to make low risk profits. BTC/USD was found to be at 20 point zone (chart) and moving between 638 where it found the first instance of resistance and 616, where it found the first-level support.  Therefore, at current ...
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  • Interest Emerges In $AUDUSD At Lower Levels

    Interest Emerges In $AUDUSD At Lower Levels

    The AUD/USD was able to cross above the resistance zone at $0.93595 after seeing some buying interest emerge at lower levels. The currency pair had tested its support level at an upward sloping trend line at levels of $0.93372 before bouncing back. The currency pair has been in a strong uptrend over the last year ...
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  • $GBPUSD Is Overbought In Short Term

    $GBPUSD Is Overbought In Short Term

    GBP/USD has been on a massive bull run for most part of the year forming higher highs and higher lows. Looking at the daily charts the currency pair is highly overbought and is currently showing first signs of exhaustion at higher levels and making me believe that the currency pair might enter a corrective phase ...
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  • $EURUSD Pulls Back

    $EURUSD Pulls Back

    The EUR/USD saw a smart pull back in yesterday’s trading session as the currency pair bounced back from levels of $1.35742 which has emerged as a good support zone for the currency pair. The smart recovery also meant that the currency pair was able to close above the upward sloping trend line resistance which would ...
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  • $EURUSD Dollar Steady But Cautious Ahead Of Fed’s Policy Meet On Wednesday

    $EURUSD Dollar Steady But Cautious Ahead Of Fed’s Policy Meet On Wednesday

    $EURUSD Dollar Steady But Cautious Ahead Of Fed’s Policy Meet On Wednesday EUR/USD is trading marginally low against the greenback as dollar remains steady ahead of the Fed policy meet on Wednesday. EUR was trading 0.04% lower against the USD to 1.3598. The currency pair is expected to get support at 1.3540 and resistance at ...
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  • $GBPUSD Tumbles On U.K. Manufacturing Data

    $GBPUSD Tumbles On U.K. Manufacturing Data

    GBP/USD is trading extremely weak on Tuesday after the manufacturing data released in the U.K. added concerns about the economic recovery there. In the meanwhile, the dollar is holding up steadily against other major currencies as the Fed's policy meet is scheduled tomorrow. The sterling dropped by as much as 0.13% to 1.7106 after a ...
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  • $JPYUSD: Yen Holds Against USD And Others

    $JPYUSD: Yen Holds Against USD And Others

    JPY/USD pair posted declines as the greenback showed weakness, while the Yen was under pressure by Japanese equities. Yen traded higher with respect to other currencies on Monday, with the sole exception of New Zealand dollar. Yen is expected to follow indicators, showing ‘risk appetite’ in line with yesterday’s indices for leading as well as ...
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  • $NZDUSD: Caught In The Net Of ‘Carry Trade’

    $NZDUSD: Caught In The Net Of ‘Carry Trade’

    CNBC news report brought to the forefront the use of currency pairs such as NZD/USD for a method of trading popularly called as ‘Carry Trade.’ In this trading method, a low-yielding currency is used to buy higher-yielding currency such as New Zealand Dollar. The low yielding currencies could be the Yen or the US Dollar. ...
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  • ISIS and Bitcoin

    ISIS and Bitcoin

    ISIS and Bitcoin While some of the big entrepreneurs have come forward to support the usage of Bitcoins, terrorists have also spiked their interest in the virtual currency, but this time, their interest could further jeopardize the development of bitcoin. As per Sky News, the Islamic State of Iraq and Syria (ISIS) is keen to ...
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  • US Treasuries Up, US Dollar Flat

    US Treasuries Up, US Dollar Flat

    US Treasuries Up, US Dollar Flat 10-Yr: +06/32..2.613%.. USD/JPY: 101.80.. EUR/USD:1.3605 Afternoon Update US Treasuries 2y -01/32 at 99 30/32 3y Unch at 99 23/32 5y Unch at 99 14/32 7y +02/32 at 99 08/32 10y +06/32 at 98 31/32 30y +19/32 at 98 27/32   US Dollar (DXY) Index EUR/USD +10 pips at 1.3605 GBP/USD -30 pips at ...
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  • HEFFX FX Preview Wall Street Session

    HEFFX FX Preview Wall Street Session

    EUR/USD, GBP/USD, USD/CAD, USD/JPY, AUD/USD, USD/CHF Dozens of major companies are scheduled to report next week, including numerous Dow components. Investors see a slight chance that profits for S&P 500 companies could return to double-digit growth for the first time in nearly three years. The CBOE Volatility index is down almost 25 percent so far ...
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  • GBP/USD Continues With Its Bull Run

    GBP/USD Continues With Its Bull Run

    GBP/USD Continues With Its Bull Run GBP/USD continued with its bull run on Friday after closing mildly in red on Thursday, the currency pair traded in a very narrow range of 1.7130 and 1.7179 amid low volumes, the markets remained very light because of the July 4th Holiday in the U.S., the currency pair has ...
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  • $EURUSD Below Critical Levels

    $EURUSD Below Critical Levels

    $EURUSD Below Critical Levels The EUR/USD broke below important support levels after it was unable to sustain above resistance levels at $1.36735 which is also the 100 day moving average for the currency pair. The currency pair has broken below the important support level of a rising trend line at levels of $1.36084. In doing ...
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  • $AUDUSD In Strong Uptrend

    $AUDUSD In Strong Uptrend

    $AUDUSD In Strong Uptrend The AUD/USD currency pair has been in a very strong uptrend over the first half of the year. The currency pair is showing first signs of exhaustion at higher levels and shows signs of a reversal from current levels. The currency pair is currently trading just above its support level at ...
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  • 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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