Canadian Dollar Falls as Sentiment Shifts to Pessimism

The Canadian dollar extended its yesterday’s decline today as the returning concerns about the debt problems in the European Union made traders shun riskier currencies. As it was in the past instances, optimistic sentiment about Europe, caused by good news, quickly turned to pessimism and risk aversion. It’s hard to expect the situation to improve overnight, but it often looks like there are no changes at all, even small one. Therefore, … “Canadian Dollar Falls as Sentiment Shifts to Pessimism”

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UK Pound Drops on Risk Aversion

UK pound is lower today as risk aversion sets in. Concerns about Europe are affecting the financial markets today, with banks retreating — and other stocks retreating as well. Even though the pound is lower against the dollar and yen on risk aversion, though, it is gaining against the euro. Once again, Europe is the focus, as Spanish and Italian bond yields rise. Italy doesn’t look any … “UK Pound Drops on Risk Aversion”

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Japanese Yen Rises on Safe Haven Demand

Japanese yen is rising today as Q3 GDP results indicate that Japan is recovering from the March 2011 earthquake and tsunami. Also boosting the yen today is safe haven demand as, once again, European stability is called into question. Japanese economic growth showed annualized growth of 6% in Q3 of 2011, providing evidence that recovery is well underway from the earthquake and tsunami in March. … “Japanese Yen Rises on Safe Haven Demand”

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Retail Sales Boost New Zealand Dollar

The New Zealand dollar jumped today after the government report showed yesterday that the retail sales increase in the third quarter. New Zealand retail sales (seasonally adjusted) increased 2.2 percent in the third quarter of this year from the second quarter. That’s more than three times about the market expectations (0.6 percent) and better than the previous reading (1.0 percent). The NZ dollar is still in danger from worsening … “Retail Sales Boost New Zealand Dollar”

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Italian Borrowing Costs Rise, Euro Suffers

The euro was down today after the costs of the Italian securities surged, renewing concerns about the debt crisis in the European Union. Yield on the Italian five-year notes jumped to 6.29 percent today from 5.32 percent at the previous auction and was the highest since June 1997. The euro tried to slow its downfall after the news about the government in Italy, but wasn’t successful. Silvio Berlusconi resigned yesterday and Italian President Giorgio Napolitano … “Italian Borrowing Costs Rise, Euro Suffers”

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Mobile4X.com launches MT4 Integration to Alert System

Mobile4X, a provider of rapid forex notifications, launches a service that allows MetaTrader4 users when trading orders are opened or closed, stop loss / take profit levels are met or when orders expire. The service by the New Zealand based company taps into the very wide market of MT4 users and helps stay up to … “Mobile4X.com launches MT4 Integration to Alert System”

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EUR/USD: Trading the German ZEW Nov 2011

The German ZEW Economic Sentiment Index is based on a monthly survey of financial experts and their views of the German economy. A reading that is higher than the market forecast is bullish for the Euro. Here are all the details, and 5 possible outcomes for EUR/USD. Published on Tuesday at 10:00 GMT. Indicator Background The German ZEW … “EUR/USD: Trading the German ZEW Nov 2011”

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European Crisis Crash Course (Video)

What caused this messy debt crisis in Europe? Who are the major actors and what are their actions? This funny cartoon video provides a fast explanation of the current situation with funny examples. The two year long crisis has many similarities with what happened on the other side of the Atlantic not so long ago. … “European Crisis Crash Course (Video)”

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EUR/USD Follows Through Lower, GBP/CHF Sets Tone for More

EURUSD: Follows Through Lower, Tests The 1.3604 Level (Weekly Technical Strategist). EURUSD: The pair may have printed a hammer candle the past week halting its weakness at 1.3482 to close marginally lower but continues to remain vulnerable. This leaves downside risk towards the 1.3604 level and its past week low at 1.3482 level where a … “EUR/USD Follows Through Lower, GBP/CHF Sets Tone for More”

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