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Daily Video Recap (8/15): Greenback Rebounds After Bernanke
Daily Video Recap (8/15): Greenback Rebounds After Bernanke
Bernanke reiterated what we already know, that quantitative easing is coming, but he didn't offer new specifics. The Dollar fell following his speech, but then rebounded in NY trading on profit taking and some risk aversion in US stocks. We leave this week with the Dollar near parity against the Australian and Canadian Dollars, and near multi-month lows vs the Pound and Euro. News Provided by CMS Forex www.cmsforex.com Forex Market Analyst Nick Nasad
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1763
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Time:
09:26
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Forex News Daily Recap: USD Slides on Singapore, US Data Weaker Than Anticipated
Forex News Daily Recap: USD Slides on Singapore, US Data Weaker Than Anticipated
The dollar declined sharply Thursday after Singapore decided to widen and raise its trading band for the Singapore Dollar. That showed tightening bias for Asia which weakened the US Dollar, which is on a path to loosen its monetary policy. US data meanwhile showed a widening trade deficit, a jump in jobless claims, though higher producer prices. News Provided by CMS Forex www.cmsforex.com Forex Market Analyst Nick Nasad
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566
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Time:
10:04
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Forex News Daily Recap: EUR Tests 1.40, AUD and CAD Push Towards Parity
Forex News Daily Recap: EUR Tests 1.40, AUD and CAD Push Towards Parity
The EUR/USD pair tested the 1.40 level as yesterday's FOMC meeting minutes show the Fed ready to undertake more quantitative easing while the ECB looks to exit its emergency stimulus measures. With US equities higher on earnings reports from Intel and JP Morgan, higher yielders like the Australian and Canadian Dollar rallied, pushing towards parity against the greenback. News Provided by CMS Forex www.cmsforex.com Forex Market Analyst Nick Nasad
From:
cmsfx
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538
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Time:
09:41
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Forex Technical Update 10/11/2010 - Euro Strength Challenged
Forex Technical Update 10/11/2010 - Euro Strength Challenged
Forex Technical Update 10/11/2010 Full videos are now posted on the FXTimes channel. Make sure to subscribe to FXTimes for future video updates. Fan Yang CMT CTA www.fxtimes.com
From:
cmsfx
Views:
263
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Time:
00:44
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Forex News Video Recap (10/8): Dollar Extends Weakness Post-NFP
Forex News Video Recap (10/8): Dollar Extends Weakness Post-NFP
A weaker than expected US non-farm payroll report gave more fuel to expectations that the Fed will begin some form of quantitative easing soon. That pressured the US Dollar against its major rivals. The USD/JPY sliced through the 82 level, pushing to fresh 15-year lows. Other higher yielders cut their earlier overnight losses to the Dollar. News Provided by CMS Forex www.cmsforex.com Forex Market Analyst Nick Nasad
From:
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559
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Time:
07:18
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Forex Technical Update 10/07/2010 - USD-Crosses Ahead of the Non-Farm Payroll
Forex Technical Update 10/07/2010 - USD-Crosses Ahead of the Non-Farm Payroll
Forex Technical Update 10/7/2010 Tomorrow's non-farm payroll may be an event risk so let's take a look at some USD-crosses. The EUR/USD is at an important resistance zone near 1.40. The GBP/USD hit resistance at 1.60 target. The USD/JPY continued lower than the intervention level. The AUD/USD and USD/CAD pairs are testing important resistance and support zones respectively. Finally, gold was seen to go to 1365 and is now seeing early topping action after hitting this level. Let's take a look at these charts. Fan Yang CMT CTA www.fxtimes.com
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cmsfx
Views:
655
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Time:
10:49
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Forex News Daily Recap (10/6): Dollar Stumbles as ADP Jobs Report Points to More QE
Forex News Daily Recap (10/6): Dollar Stumbles as ADP Jobs Report Points to More QE
A US jobs report showed that private companies shed payrolls in September. That increased the prospect of quantitative easing by the Fed and pressured the US Dollar. In NY trading we saw the EUR/USD at a fresh 6-month high, USD/JPY breached a fresh 15-year low, USD/CHF fell to a new record low, and the AUD/USD climbed to a 26-month high. News Provided by CMS Forex www.cmsforex.com Forex Market Analyst Nick Nasad
From:
cmsfx
Views:
328
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Time:
08:37
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