The Euro extended gains versus the Dollar during the American afternoon, hitting a fresh 4-day high as US stocks also climbed to new session highs amid headlines Greece could have a deal with the IIF ...
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EUR/USD Bulls attempt to unwind once again. EUR/USD is still attempting to unwind from oversold conditions once again, having recently carved out a bullish “morning star” pattern. However, the major t...
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There is no question the trend is down in the EUR USD. It doesn’t matter which major time frame – monthly, weekly, daily – you look at. The major theme at this time is lower-tops and lower-bottoms. Ev...
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It’s the third attempt to extend further gains above that level today, but strong resistance is stalling the pair’s intentions.
“The common currency is riding a rollercoaster today, jumping either higher or lower, yet holding an overall bullish tone on news the IMF will raise the amount to loan to the troubled euro zone countries”.
http://www.fxstreet.com/news/forex-news/article.aspx?storyid=c94fa876-cd00-41e5-89db-b36cf71565f3
“The common currency is riding a rollercoaster today, jumping either higher or lower, yet holding an overall bullish tone on news the IMF will raise the amount to loan to the troubled euro zone countries”.
http://www.fxstreet.com/news/forex-news/article.aspx?storyid=c94fa876-cd00-41e5-89db-b36cf71565f3
While entering US economic indicators in the equation, the EUR/USD most recent upside got capped again below 1.2850, more precisely at 1.2840.
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“The World Bank today unveiled a gloomier view on global growth for 2012 that pales alongside its previous forecast seven months ago”, says Andrew Wilkinson, analyst at Miller Tabak, and stating that ...
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The world economy will expand by 2.5 percent this year, down from a June estimate of 3.6 percent, as the euro area contracts 0.3 percent, the World Bank said
“The World Bank report shows that global growth will continue to remain an issue,”
http://www.bloomberg.com/news/2012-01-18/gold-may-fall-as-industrial-metals-drop-on-concern-about-economic-growth.html
“The World Bank report shows that global growth will continue to remain an issue,”
http://www.bloomberg.com/news/2012-01-18/gold-may-fall-as-industrial-metals-drop-on-concern-about-economic-growth.html
Gold fell from a five-week high amid concerns that slower growth will curb demand for bullion.
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Concerns about Portugal access to credit on the debt market grew after S&P’s massive downgrades on the European nations’ ratings.
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The improved risk sentiment has the Portuguese and German successful debt auctions as background. Portugal was able to lower its July-2012 paper from 5.25% to 4.74%, regardless of the sovereign downgrade by the S&P rating agency. Germany will pay yields at 0.17% of 2-year bonds (versus previous 0.29%).
http://www.fxstreet.com/news/forex-news/article.aspx?storyid=909336d9-35d2-49d2-96ae-a620f3d22b52
http://www.fxstreet.com/news/forex-news/article.aspx?storyid=909336d9-35d2-49d2-96ae-a620f3d22b52
The EUR/USD rally above 1.2800 got stopped at 1.2844, around a bearish trendline since Nov-9 high, 1.3858, that served as resistance for the pair at Jan-13 as well.
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Gold may climb for a third day in London as the International Monetary Fund was said to seek to boost lending and as a weaker dollar spurred demand for an alternative investment.
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The International Monetary Fund is proposing to raise its lending capacity by $500 billion to insulate the global economy against any worsening of Europe’s debt crisis, according to a person familiar ...
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The Thai government may take steps to support the price of rubber after protests by farmers.
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Forexpros – The euro was higher against the U.S. dollar on Wednesday, ahead of the resumption of talks between Greek Prime Minister Lucas Papademos and the country's creditors later in the day. EU...
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GoldCore @GoldCore
IMF David Lipton: IMF doesn't have a trillion euro to help Europe. Europe needs to provide a large amount of the funding
IMF David Lipton: IMF doesn't have a trillion euro to help Europe. Europe needs to provide a large amount of the funding
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EasyFX Dealing Room @EasyForexDR
Euro rises to session high vs dollar on news that the IMF will boost its lending capacity by $1 trillion. EURUSD 1.2844
Euro rises to session high vs dollar on news that the IMF will boost its lending capacity by $1 trillion. EURUSD 1.2844
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The market was resistant to prices above 1.2800 and the EUR/USD fell down rapidly to 1.2758 low after Fitch senior director statement about the possibility of a two-notch downgrade on Italy debt.
EMU’s construction output is due at 10:00 GMT.
http://www.fxstreet.com/news/forex-news/article.aspx?storyid=a320a172-c448-4246-a499-97de96dd9474
EMU’s construction output is due at 10:00 GMT.
http://www.fxstreet.com/news/forex-news/article.aspx?storyid=a320a172-c448-4246-a499-97de96dd9474
The market was resistant to prices above 1.2800 and the EUR/USD fell down rapidly to 1.2758 low after Fitch senior director statement about the possibility of a two-notch downgrade on Italy debt.
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European stocks fell from a five- month high as the World Bank cut its global growth forecast, overshadowing reports that Greece is nearing a debt deal with private creditors. Asian shares advanced wh...
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Spot gold gained as much as 0.4 percent to $1,658.45 an ounce
Safe-haven investments have flowed into the dollar rather than gold over the past few months, with gold being led by other commodities,
“There isn’t much impetus to drive gold past the $1,550 to $1,700 range so you’ll get investors taking profits when prices climb and entering the market when they drop.”
http://www.bloomberg.com/news/2012-01-18/gold-declines-from-one-month-high-as-indian-tax-increase-may-cool-demand.html
Safe-haven investments have flowed into the dollar rather than gold over the past few months, with gold being led by other commodities,
“There isn’t much impetus to drive gold past the $1,550 to $1,700 range so you’ll get investors taking profits when prices climb and entering the market when they drop.”
http://www.bloomberg.com/news/2012-01-18/gold-declines-from-one-month-high-as-indian-tax-increase-may-cool-demand.html
Gold rose for a third day, climbing alongside other commodities including copper, as the dollar weakened before data forecast to show signs of economic recovery.
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In turn, the "Mad Money" host thinks global prospects look brighter.
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BERLIN, Jan 18 (Reuters) - Ratings agency Standard &Poor's sees no risk of a downgrade to Germany's AAA-rating forits sovereign debt this year even if a recession affects thecountry, its E...
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ATHENS — Available for rent: The Acropolis. In a move bound to leave many Greeks and scholars aghast, Greece's culture ministry said Tuesday it will open up some of the debt-stricken country's...
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* Markets watch Greece debt talks, Portugal debt auction
* Spot gold may fall to $1,625.20/oz - technicals
* Coming up: U.S. producer prices, Dec; 1330 GMThttp://www.reuters.com/article/2012/01/18/markets-precious-idUSL3E8CI0BE20120118
* Spot gold may fall to $1,625.20/oz - technicals
* Coming up: U.S. producer prices, Dec; 1330 GMThttp://www.reuters.com/article/2012/01/18/markets-precious-idUSL3E8CI0BE20120118
* Markets watch Greece debt talks, Portugal debt auction * Spot gold may fall to $1,625.20/oz - technicals * Coming up: U.S. producer prices, Dec; 1330 GMT (Adds details, comments; updates price...
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Jim O’Neill, the economist who coined the term BRIC a decade ago, said China’s fourth-quarter growth rate, while the slowest in more than two years, was stronger than many analysts had forecast and wa...
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NEW YORK (Reuters) - The euro rose against the dollar on Tuesday after two days of losses, while commodity-linked currencies posted steep gains, as risk appetite improved after a better-than-expected ...
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ATHENS (Reuters) - Greece goes head to head with its creditors on Wednesday in a renewed attempt to break a deadlock in negotiations to slash the country's debt and stave off default.International pri...
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The World Bank has revised downward its global growth forecast for 2012, acknowledging that the world is in a precarious position under threat of a Lehman-like crisis engulfing capital markets.
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WASHINGTON (Reuters) -The World Bank warned on Tuesday that developing countries should brace for a growth slowdown stemming partly from Europe's debt woes, as it sharply scaled back its estimates for...
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Silver is used in everything from mirrors, to optics, to clothing, to cell phones, to photography, to water purifiers, and even to medicine. While Silver is the least scarce of all precious metals, it is a widely consumed metal with uses that are wide-ranging and the metal is in high demand across all sectors of manufacturing. http://www.commodityonline.com/news/Why-silver-is-better-than-gold-45225-3-1.html
The implications of this are highly favorable to investors of silver. Much like gold, you retain the value of the metal, take advantage of inflation, and protect against global economic risks.
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DailyFXTeamMember @DailyFXTeam
Chinese Ministry official says China investment in the European Union jumped 94.1% to $4.3 billion.
Chinese Ministry official says China investment in the European Union jumped 94.1% to $4.3 billion.
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Strikes and demonstrations against Greek austerity measures hit the capital, Athens, on Tuesday as international debt inspectors returned to decide whether the country’s reforms are strong enough for ...
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EUR/USD with resistances at 1.2800, 1.2845 and 1.2875. On the downside, supports should be found at 1.2740, 1.2720 and 1.2680.
http://www.fxstreet.com/news/forex-news/article.aspx?storyid=0e192937-7f6c-41c2-bdd1-b508075ad909
http://www.fxstreet.com/news/forex-news/article.aspx?storyid=0e192937-7f6c-41c2-bdd1-b508075ad909
The improved sentiment is finding strong resistance at 1.2800 level, from where the EUR/USD has just plunged almost 70 pips to 1.2733, American session low.
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EURUSD continues to take it on the chin
The EURUSD has fallen below the 50% of the days range and the 100 hour MA at the 1.2727. The level was also the 200 bar MA on the 5 minute chart which increases the importance of the level. I would expect traders to use the level as resistance now. 1.2708 is 61.8% of the days range and below that the 1.2687 will be the next target. This was the high from the non trending day yesterday.
http://forex.fxdd.com/139433/forex-trading/eurusd-continues-to-take-it-on-the-chin
The EURUSD has fallen below the 50% of the days range and the 100 hour MA at the 1.2727. The level was also the 200 bar MA on the 5 minute chart which increases the importance of the level. I would expect traders to use the level as resistance now. 1.2708 is 61.8% of the days range and below that the 1.2687 will be the next target. This was the high from the non trending day yesterday.
http://forex.fxdd.com/139433/forex-trading/eurusd-continues-to-take-it-on-the-chin
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There is much more to life than making money. But it's safe to say that earning more money can significantly change the course of your life--especially if it's $1 million or more. If you're wondering ...
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* Gold bounces to 5-wk high on dollar retreat, commod gains * Chinese data boosts appeal of nominally high-risk assets * GFMS sees gold peaking above $2,000 late 2012/early 2013 (Updates prices) By ...
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Gold will average $1,755 an ounce in 2012, down from an earlier estimate of $1,850 an ounce, Credit Suisse AG said in a report today. Bullion will average $1,795 an ounce in 2013, up from a previous c...
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The euro rose against the dollar and the yen, snapping a two-day decline, as Spanish and Greek borrowing costs fell at auctions, damping concern the region’s most-indebted nations will struggle to fun...
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Spain held a debt auction today during which it managed to sell 4.88 billion euros worth of Treasury bills out of a 4-5 billion euro target. The yield on 12 month papers was at 2.049% and on 18-month...
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yesterday’s S&P downgrade of the bailout fund is having minor importance on Tuesday trading session.
The cross is up 0.89% at 1.2779 with resistance at 1.2806 (prev hourly sup/res) ahead of 1.2879 (high Jan.13) then 1.2892 (MA21d) and 1.2898 (low Jan.4).On the downside, a breakdown of 1.2624 (low Jan.13) would bring 1.2604 (Lower Bollinger) then 1.2588 (monthly low Aug.24 2010) and 1.2522 (low Jul.13).
http://www.fxstreet.com/news/forex-news/article.aspx?storyid=e38f8942-d900-4e4d-ae50-d9f7297d02d3
The cross is up 0.89% at 1.2779 with resistance at 1.2806 (prev hourly sup/res) ahead of 1.2879 (high Jan.13) then 1.2892 (MA21d) and 1.2898 (low Jan.4).On the downside, a breakdown of 1.2624 (low Jan.13) would bring 1.2604 (Lower Bollinger) then 1.2588 (monthly low Aug.24 2010) and 1.2522 (low Jul.13).
http://www.fxstreet.com/news/forex-news/article.aspx?storyid=e38f8942-d900-4e4d-ae50-d9f7297d02d3
The EFSF 6-month T-bill auction got bids for €4.66bn vs €1.5bn target at an average yield of 0.2664%, with a bid-to-cover ratio of 3.1, proving that yesterday’s S&P...
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US equity futures suggest Wall Street will open sharply higher with the Dow up by 140 points. European shares are also up, hitting a five-month high, with miners gaining from slightly better-than-expe...
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