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Parts Of Europe Is BackTitle:
Dukascopy Afternoon Forex Overview : 06/02/2012
Fundamental Analysis
EUR
17-nation currency declined against most of its counterparts on Monday Asian trade as investors awaited Greek officials' response to international creditor requirements. The Euro dropped 0.6% against greenback to USD 1.3085 and lost 0.3% against Japanese Yen, reaching JPY 100.46. Currently EUR/USD is trading at USD 1.3070 and EUR/JPY is trading at JPY 100.30.
USD
Bank of America, JP Morgan Chase &Co and Well Fargo & Co was sued over use of property loan database by ...
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Currencies Mixed After The Big NFP
After a quiet start for today’s session, where currencies were trading within a tight range in anticipation for the king of reports; the main risk-event for today in the form of the employment report; the NFP came to break the silence as it screamed 243,000 new jobs were surprisingly added to the economy, the numbers came way off market consensus of 150k. The unemployment rate slipped to 8.3% from 8.5 in December, while economist expected a steady rate at 8.5%. These positive numbers were ...
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Dollar Little Changed After jobless Claims Fall Last Week
The Greenback was supported by an unexpected drop in jobless claims last, but pared its gain against most of its peer amid mixed sentiments, after stocks gained this morning and treasuries, spurring the appeal for higher-yielding assets.
The U.S Department of Labor reported today that applications for unemployment insurances dropped by 12 thousand to 367 thousand in the week ended January 28, beating median forecast of 371 thousand and adding to signs the labor market is strengthening.
The ...
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European shares rise on Greece optimism
(Reuters) - European shares rose on Wednesday, helped by a boost to bank stocks from hopes of an agreement in Greek debt swap talks and better-than-expected Chinese manufacturing data.
Earnings, which have so far only given mixed results, were another focus, with Infineon (IFXGn.DE) rising 5.5 percent, near the top of the leaderboard after the German chipmaker reported forecast-beating results.
Banks, many of which have exposure to euro zone sovereign debt, featured among the best performers, ...
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Pictet Daily forex Analysis - 01/30/2012
The main talking points last week on the financial front were the negotiations between the private sector and the Greek government over the rescheduling of the country's sovereign debt and the FOMOC meeting, at which it was decided to extend the period of low interest rates until the end of 2014. The US dollar came under pressure and commodities and precious metals in particular posted spectacular gains.
Gold climbed from USD 1649.25 to USD 1739.70 an ounce, silver from USD 31.55 to USD 34.0175, ...
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Weekly Economic and Financial Commentary : 29/01/2012
Weekly Economic and Financial Commentary : 29/01/2012
U.S. Review
Less Strength Than Meets The Eye
Real GDP grew at a 2.8 percent annualized rate during the fourth quarter, but the underlying data show the economy has less momentum going into 2012.
Durable goods orders and shipments rebounded solidly in December, casting some doubt on the earlier weak readings and bringing the data more closely in line with anecdotal reports and regional manufacturing surveys.
Expectations for a ...
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YouTradeFX Daily Market Analysis : 25/01/2012
Fundamental News:
Today’s highlights:
German Ifo Business Climate Index (GER, 09:00 GMT)
GDP (QoQ) + MPC Meeting Minutes (GB, 09:30 GMT)
ECB President Draghi Speaks (EUR, 09:15 GMT)
FOMC Statement (US, 19:15 GMT)
RBNZ Rate Statement (NZ, 19:00 GMT)
In an update to its World Economic Outlook (WEO), the IMF said on Tuesday that the euro area would fall into a mild recession in 2012 after the euro area crisis entered a "perilous new phase" toward the end of last year, ...
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EUR Reverses Gains despite Strong Manufacturing Data
The euro turned bearish once again in trading yesterday, as investors continued to revert back to safe-haven currencies following the rejection of Greece's debt swap deal. Positive manufacturing numbers from much of the euro-zone were shrugged off, as fears of further fallout from the region's debt crisis continue to dominate market sentiment. Today, traders will want to focus on US data, particularly the FOMC Statement, as it is likely to dictate the direction the market takes.
Economic News
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Pictet Daily forex Analysis - 01/24/2012
European Union foreign ministers have agreed to freeze the assets of Iran's central bank and those of eight other entities. It was also decided that trade in gold, precious metals, diamonds and petrochemical products from Iran should be banned as part of a Western campaign to pressure Tehran to suspend controversial parts of its nuclear programme.
The preliminary euro-area consumer confidence reading rose to -20.6 in January, from -21.3 in December. Economists had expected a further decline to - ...
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