EUR/USD: Trading the German IFO Apr 2013

The German Ifo Business Climate is a monthly composite index of about 7,000 businesses, which are surveyed on current business conditions and their expectations concerning economic performance over the next six months. A reading which is higher than the forecast is bullish for the euro. Here are all the details, and 5 possible outcomes for EUR/USD.. … “EUR/USD: Trading the German IFO Apr 2013”

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PFSOFT Protrader offers Alpari UK’s Liquidity

PFSOFT, a trading software provider, announces that it will offer liquidity from Alpari (UK) within its Protrader platform PFSOFT recently announced that it provides liquidity from Sucden Financial. For more information, here is the full press release: The PFSOFT Company, a trading technology provider, today announces the addition of Alpari (UK) Limited’s (“Alpari UK”) liquidity to … “PFSOFT Protrader offers Alpari UK’s Liquidity”

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Slowing China’s Manufacturing Growth Hurts NZ Dollar

The New Zealand dollar dropped today as slowing growth of China’s manufacturing sector led to worries about global economic growth and hurt prospects for New Zealand exports. The HSBC Flash China Manufacturing Purchasing Managers’ Index dropped from 51.6 in March to 50.5 in April. The median forecast promised smaller decrease to 51.4. China is the biggest trading partner of New Zealand. The recent data from China fueled concerns that nation’s … “Slowing China’s Manufacturing Growth Hurts NZ Dollar”

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Canadian Dollar Attempts to Rally, Fails

The Canadian dollar was rallying against most major currencies at the beginning of this week, but it fell against the US dollar and the Japanese yen today. The currency traded sideways versus the euro. Fundamentals were not bad for the Canadian currency at the start of this week as stocks and commodities rallied. The Standard & Poor’s 500 Index of shares climbed 0.5 percent. Crude oil, Canada’s major export, advanced 0.9 percent to $88.76 … “Canadian Dollar Attempts to Rally, Fails”

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US Dollar Near 100 Level Against the Yen

US dollar is moving toward the 100 level against the Japanese yen. The G-20 meeting seems to have rubber-stamped the plans for more easing in Japan, and that could mean a breakthrough for USD/JPY at anytime. Right now, the US dollar is a little lower against the Japanese yen. However, the dollar attempted the 100 level earlier and was rebuffed. Even now, the greenback is near the 100 level against the yen. Support for the US dollar … “US Dollar Near 100 Level Against the Yen”

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Saxo Capital Markets Joins Leverate’s FXPN Network

Leverate, a provider of software solutions for brokers, has announced that it adds Saxo Capital Markets to its affiliate network: FXPN. This is a natural development, as Saxo Bank holds a stake at Leverate. For more details about the announcement, here is the official press release: April 9, 2013 – FXPN today announced that Saxo … “Saxo Capital Markets Joins Leverate’s FXPN Network”

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Taiwan Dollar Falls Yen in Decline

The Taiwan dollar slipped today on speculations that policy makers will step in to rein currency’s gains as a strong currency may leave the nation in trading disadvantage. It looks like Japan has triggered a massive decline of Asian currencies by weakening the yen. Other Asian nations are worried that it would hard to compete with one of the largest Asian economy if their currencies remain strong. Therefore traders expect … “Taiwan Dollar Falls Yen in Decline”

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Yen Under Pressure, Holds Ground

The Japanese yen was under pressure from anticipation of more quantitative easing by the Bank of Japan, though the currency held ground versus the US dollar and even advanced against the yen today. BoJ Governor Haruhiko Kuroda was emboldened to proceed with aggressive devaluing the yen as the Group of Twenty did not oppose such policy. Kuroda said: Winning international understanding gives me more confidence to conduct monetary policy appropriately. … “Yen Under Pressure, Holds Ground”

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GBP/USD Trading in Uptrend Channel – Will it Fall Off?

GBP/USD has been trading in an uptrend channel since mid March. However, fundamentals are weighing heavily on the pound, which has already fallen from its highs. If the pair were to lose the uptrend channel and support around 1.52, we could see an accelerated move towards 1.50 at first and perhaps towards the 1.48 bottom … “GBP/USD Trading in Uptrend Channel – Will it Fall Off?”

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