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GBP JPY Short Term Forecast is Negative

March 19, 2013 0 Comments
GBP JPY Short Term Forecast is Negative

Our analysts have identified an excellent graphical configuration on during the currency pair Pound Yen (GBP / JPY). Traders may try to take short position in the short term. The chart analysis of data on hourly of currency pair Pound Yen (GBPJPY) identifies a downtrend in the short term. In trend indicators, the slope of […]

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Canadian Unit Remains Unchanged as IMF Warns

October 10, 2012 0 Comments
Canadian Unit Remains Unchanged as IMF Warns

The Canadian dollar ended flat on Tuesday against its major counterpart the greenback in reaction to warning of the International Monetary Fund.

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Euro Falls on Spain Bailout Concerns

October 9, 2012 0 Comments
Euro Falls on Spain Bailout Concerns

The single currency fell versus the greenback on Monday from its highest in last two weeks as finance ministers from European Countries decided in their meeting that Spain does not need bailout funds yet. Investors were also worried due to slower global economy as the World Bank reduced its outlook for East Asia and the […]

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Canadian Dollar Down on Euro Zone Worries

September 26, 2012 0 Comments
Canadian Dollar Down on Euro Zone Worries

The Canadian dollar ended slightly lower versus the US dollar on Tuesday as doubts arose among traders regarding the Spanish bailout package. The stronger Canadian retail sales data couldn’t also manage to have a positive impact and the Canadian unit was overshadowed by the euro zone worries.

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Bank of Canada Sticks to Tightening Bias

September 6, 2012 0 Comments
Bank of Canada Sticks to Tightening Bias

The Canadian dollar declined against the greenback on Wednesday as the investors were keenly looking up to the ECB’s monetary policy decision while the Bank of Canada kept its key interest rate unchanged. However the Central Bank remained in favor of monetary tightening measures.

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Optimism of ECB’s Bond Purchases Takes Euro Higher

September 6, 2012 0 Comments
Optimism of ECB’s Bond Purchases Takes Euro Higher

The euro surged against the US dollar on Wednesday as investors build their expectations that the European Central Bank will go for more sovereign bond purchases from European countries with debt and banking crisis.

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Australian Dollar Outlook for the Week Ending September 7th

September 5, 2012 0 Comments
Australian Dollar Outlook for the Week Ending September 7th

Major economic events to affect the trading of the Australian Dollar versus the greenback for the week ending September 7th, 2012 are as under: On Monday, US markets remain closed in observance of labor day while in Australia data on TD securities inflation, job advertisements, retail sales and commodity price index was published. On Tuesday, […]

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Canadian Dollar Outlook for the Week Ending September 7th

September 5, 2012 0 Comments
Canadian Dollar Outlook for the Week Ending September 7th

Major factors to affect the trading of the Canadian dollar and its major rival the greenback for the week ending September 7th, 2012 are as follows: On Monday markets were closed in US due to Labor day while on Tuesday United States came up with data on purchasing managers’ index and construction spending. Institute of […]

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Euro Declines Despite ECB Optimism

August 30, 2012 0 Comments
Euro Declines Despite ECB Optimism

The single currency fell against the US dollar on Wednesday despite the optimism among investors that the European Central Bank will take effective steps to handle the region’s debt problems.

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Euro Falls as German Business Sentiment Declines

August 28, 2012 0 Comments
Euro Falls as German Business Sentiment Declines

The euro dropped against the US dollar on Monday as the decline in Germany’s business sentiment turned out to be larger than what was expected in the market. Germany’s business sentiment not only dropped for the fourth consecutive month  However some traders still hoped that Germany will contribute substantially in economic growth of the single […]

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