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Round up the Usual Suspects

IBTimes - 29 min 26 sec ago
Greek Prime Minister George Papandreou claims "unprincipled speculators" have threatened to bring about a new global financial crisis by attacking Greek debt. At its recent sale of 10-year bonds Greece paid a 3.0% premium over Germany to borrow for a decade.

Pound Directionless As Monetary Policy Remains Uncertain

Currency Trading: DailyFX - 30 min 31 sec ago
The GBP/USD appears directionless as its main drivers of price action have continued to lose influence. Risk trends hold the strongest relationship with a 33% correlation, but recent divergence has seen the level of explanation slide from 41% a month ago. The support that risky assets have generated hasn’t translated into sterling gains as the prospect of more quantitative easing from the BoE continues to weigh. U.K. interest rate expectations have seen their correlation fade from 14% to 1% in the past month as the central bank has trailed its counterparts in bringing an end to liquidity providing efforts. Therefore, we could see a continuation of the current trend until the release of the BoE minutes next week which will provide insight into future monetary policy.     

FOREX-Yen rises broadly; Europe's debt woes hurt euro - Reuters

FX Google - 36 min 14 sec ago

FOREX-Yen rises broadly; Europe's debt woes hurt euro
Reuters
... Greece is not great, there are sufficient worries in the market concerning EMU to keep the euro 'on the back foot'," said FOREX.com analysts in a note. ...

Job Market Shows Signs of Gains

WSJ Economy - 39 min 16 sec ago
Two new reports show that the job market continues to make small gains, though employers will have to do a lot more hiring before a dent is made in the nation's 9.7% unemployment rate.

Precious Metals End Week Higher, Treasuries Ease On Recovery Hopes

FX Street - 53 min 50 sec ago
The precious metals markets traded up last week, while treasury prices eased on reduced safe haven...

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Precious Metals End Week Higher, Treasuries Ease On Recovery Hopes

FX Fundamentals View - 53 min 50 sec ago
The precious metals markets traded up last week, while treasury prices eased on reduced safe haven demand. Commodities continue to benefit during “risk off’ trading sessions and US Dollar weakness. Although the metals ended the week higher, it’s somewhat concerning they failed to make larger moves upward after the new austerity measures were announced in Greece. In other global news, a planned strike by employees of Gold Fields Ltd. (South Africa’s largest gold mine) was called off as issues


Forex: CAD cedes gains, quoting 1.0267

FX Street - 1 hour 1 min ago
FXstreet.com (London) - CAD ceded some of its gains against the Greenback in the afternoon trading...

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US Dollar Mixed, Greece Announces New Austerity Measures

FX Street - 1 hour 4 min ago
The US Dollar traded slight mixed last week. There were numerous FOMC Speakers who each echoed the...

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US Dollar Mixed, Greece Announces New Austerity Measures

FX Fundamentals View - 1 hour 4 min ago
The US Dollar traded slight mixed last week. There were numerous FOMC Speakers who each echoed the “Low Interest Rate Pledge” by Bernanke during his testimony to congress. Boston Fed President Eric Rosengran commented a low interest rate policy is appropriate right now, but also stressed the importance of monetary and supervisory policy being implemented together to help prevent asset bubbles from forming. St. Louis Fed President James Bullard commented although recent economic data in the


Barclays looking for U.S. retail bank to buy: report

Forex Factory - 1 hour 8 min ago
(Reuters) - British bank Barclays Plc (BARC.L) is looking to buy a retail bank in the United States to extend its presence after buying Lehman Brothers North American operations in 2008, the Wall Street Journal reported on Tuesday, citing people close to the matter. According to the report, the b...

Dollar Surrenders Some Gains To Euro, UK Pound

Forex Factory - 1 hour 9 min ago
The commodity currencies were also able to rebound from earlier weakness Tuesday, with the Canadian, Australian and New Zealand dollars all higher against the greenback in afternoon trading. Sterling was the worst performer among major currencies for the second day, dropping to a one-week low aga...

Gold recovers 2/3 of ground from lows at 1,108.35

FX Street - 1 hour 19 min ago
FXstreet.com (Barcelona) - Gold traded very quiet overnight in Asia, ranging in a tight range...

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Commodities: Crude sideways ahead of API

FX Street - 1 hour 37 min ago
FXstreet.com (London) - API inventory stats are due to be released in the next hour. In the run up...

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Wide trade gap hits recovery hopes

Financial Times - 1 hour 42 min ago
The UK's trade deficit with the rest of the world reached its widest since August 2008 in January as exports dropped sharply, hitting hopes that the weak pound can deliver an export-driven recovery

Forex: Aussie 6-week highs, trading 0.9136 - Forexrazor

FX Google - 1 hour 59 min ago

Forex: Aussie 6-week highs, trading 0.9136
Forexrazor
High-Risk Warning Forex, Futures, and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work ...
Forex: Aussie 6-week highs, trading 0.9136NASDAQ

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AUD/USD: Trading the Change in Australian Employment

Currency Trading: DailyFX - 2 hours 6 min ago

The labor market in Australia is expected to improve for the sixth consecutive month in February, with economists forecasting employment to expand 15.0K in February, and the data could drive the exchange rate higher as market participants speculate the Reserve Bank of Australia to normalize policy further over the coming months.

AUD/USD: Maintains Nearer Term Bullish Structure

IBTimes - 2 hours 29 min ago
The pair continues to hold on to most its nearer term gains though seen backing off its intra day high at 0.9131 on Monday. We believe that while it trades above its Feb 23'10 high at 0.9070 and the 0.8932 level, its Feb 02'10 high, a retarget of the 0.9131 level is likely with a hold above there accelerating further upside towards the 0.9145 level, its Jan 21'10 high or even higher towards the 0.9277 level, its Jan 18'10 high and ultimately, its 2009 high located at 0.9410. Its daily and weekly...

Will the RBNZ Surprise Us?

Forex Factory - 2 hours 30 min ago
Typically I’m not very big on watching economic data for NZD JPY or CHF. It’s not that the data doesn’t matter, because it does, it just doesn’t have a strong immediate impact. Tomorrow is different however, as there is a chance that we could get a change of direction out of the New Zealand central...

Are We in a Recovery?

Forex Factory - 2 hours 31 min ago
This was a busy week. A lot of data came in with conflicting indications. In addition to the raw data I get (from the same sources as everyone else), I review reports from other economists and commentators as well. Some of them I know I will always disagree with, others I highly respect. While I...
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