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Currency Trading News by DailyFX
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Forex news about foreign exchange rates and reports on world business events that affect the currency market provided by DailyFX.
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Australian Dollar to Look Past Economic Data, Follow Stock Performance
Next week’s economic calendar is conspicuously uneventful, once again leaving the Australian dollar at the mercy of market risk sentiment.
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New Zealand Dollar To Weaken As Interest Rate Outlook Plunges
The New Zealand dollar slipped to a six-year low against the greenback as commodity prices tumbled lower this week, and may fall further over the following...
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Swiss Franc Could Sink Further On Weak Fundamentals
The Swiss National Bank surprised markets with a 100 bps reduction in its benchmark interest rate as the economic growth outlook for the country worsened....
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Japanese Yen Hints At Bigger Moves As Credit, Financial Fears Simmer
Volatility is extraordinarily high, not only in the currency market, but across all asset classes. However, for the past four weeks, price action has come...
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US Dollar May Finally See Breakouts During Volatile, Holiday Week
The US dollar is at a crossroads this week. On the one hand, congestion has been the rule of thumb for much of the currency market. On the other, fundamentals...
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Forex Trading Weekly Forecast - 11.24.08
US Dollar May Finally See Breakouts During Volatile, Holiday Week Euro Unchanged Against US Dollar Despite Dismal Data – What’s Next? Japanese Yen Hints...
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Risk Appetite, Carry Interest Unstable As Bailout Efforts Are Overwhelmed By Fear And Recession
Current market conditions are somewhat deceiving. Volatility has edged back and the currency market’s most liquid pairs are entrenched in long-term congestion....
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Low Liquidity And A Short Time Frame Shape A Strong EURUSD Range
Looking for a range trade in any one pair at this point is essentially a call on overall currency market conditions over the coming week. EURUSD has the...
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US Dollar, Japanese Yen Fail to Break Higher, Watch for US, UK, German GDP Revisions Next Week (Forex Video)
The US dollar and Japanese yen failed to make successful breaks higher as a sudden shift in risk appetite led the Dow up 6.5% during the last hour of trading....
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Canadian Dollar Outlook Worsens as Crude Oil Breaks Below $50
The Canadian Dollar continued its dramatic descent against the US Dollar, as fast-falling oil prices sunk the Loonie while the US Dollar benefited from...
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Euro Unchanged Against US Dollar Despite Dismal Data - What Gives?
The Euro finished nearly unchanged against the US Dollar on the week, as traders ignored news of an official Euro Zone recession and pushed the single...
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British Pound: UK Data to Remain Weak, Forecast Depends on Risk Trends
The British pound spent much of last week consolidating above the November 13 lows of 1.4557, but left little indication of whether the next move would...
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Canadian Dollar Brushes Off Plunge in CPI, Gains Could Accelerate on Canadian Retail Sales
The Canadian dollar generally brushed off the weaker-than-expected results of Canadian CPI on Friday, as the currency ended the day up nearly 4 percent...
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Japanese Yen Pulls Back From Resistance as Dow Gains During Last Hour of Trading, Closes Up 6.55%
The Japanese yen tumbled on Friday as a last-minute surge in risk appetite lifted carry trades. Indeed, the Dow Jones Industrial Average ended the day...
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Euro, British Pound Consolidations Continue as Euro-zone PMI Signals Deepening Recession
The euro continues to consolidate within a narrowing wedge formation that has most recently kept EUR/USD contained to a tight range of 1.2450 - 1.2600.
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US Dollar Backs Down from Resistance, US Holiday May Delay Breakouts Next Week
The US dollar was not able to make a successful break higher on Friday, as a look at the trade-weighted US dollar index (DXY) shows solid resistance at...
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US Dollar Backs Down from Resistance, US Holiday May Delay Breakouts Next Week
·Euro, British Pound Consolidations Continue as Euro-zone PMI Signals Deepening Recession ·Japanese Yen Pulls Back From Resistance as Dow Gains During...
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Obama Taps New York Fed Governor To Replace Treasury Secretary Paulson
NBC News has reported that President-elect Barack Obama has made his pick for the Treasury Secretary position when the regime change occurs. Filling in...
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New Zealand Dollar Technical Outlook
Much as we wrote yesterday, further consolidation in the New Zealand Dollar/US Dollar pair leaves little directional bias for upcoming trade, as the pair...
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Australian Dollar Technical Outlook
The Australian Dollar/US Dollar pair recently broke down from its short-term wedge formation, but the pair has thus far been unable to make a clear challenge...
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