Dollar Up on Deeper Financial Turmoil

The U.S. dollar rose against the the Japanese yen and the Australian dollar today as the investors sought the safety for their funds after the yesterday’s optimism vanished on the bad report for the Australian fourth quarter GDP change. The dollar went up against the yen for the second day today and also gained for the fourth day against … “Dollar Up on Deeper Financial Turmoil”

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Aussie Rises as RBA Leaves Rate Unchanged

The Australian dollar went up against all other major currencies today after the country’s central bank decided to leave the policy interest rate unchanged, unexpectedly stopping its most aggressive rate-cutting streak. The Reserve Bank of Australia left the rate unchanged at 3.25 percent today for the first time in seven month, stating that the record low interest rates and the government’s spending are … “Aussie Rises as RBA Leaves Rate Unchanged”

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EUR Fell as Eastern Europe May Not Get Help

The single European currency declined with a rather strong gap against the U.S. dollar and the Japanese yen today as the leaders of the developed Eurozone countries said that the Eastern European banks will not receive any financial aid. The bank-devastating crisis is pressing hard on the European countries that haven’t adopted the euro yet, pushing down their currencies. The banks … “EUR Fell as Eastern Europe May Not Get Help”

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EUR/USD and USD/JPY Breakouts this Week?

Both the EUR/USD and the USD/JPY went in favor of the dollar last week, but didn’t make the big breakouts. This first week of March, with heaps of economic figures, could make them break out. From noon on Thursday, expect 24 hours of wild price action. EUR/USD The most popular pair, EUR/USD, went down last … “EUR/USD and USD/JPY Breakouts this Week?”

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What to Expect in Forex from GDP

America Prelim GDP is going to be published at 13:30 GMT. Expectations are low. This week’s course sees American data disappointing and the dollar rising afterwards – risk aversion at its best. Will the Euro make the dive? Forex Traders are expecting a severe downgrade of data from the Advance GDP that was published a … “What to Expect in Forex from GDP”

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Bank Nationalization Fears To Hurt Euro

The European mini summit in Berlin supplied so headlines about bank nationalization and regulation. This could trigger the EUR/USD to open the forex trading week lower – with a weekend gap. Bank Nationalization was highly debated in the European mini-summit in Berlin. Although both EU leaders and ECB’s Trichet talked against nationalization, this issue is … “Bank Nationalization Fears To Hurt Euro”

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Dollar on Break From Recent Behavior

The US dollar took a break from gaining against other currencies. Also the risk factor took a break: US dollar fell when bad American data was published. Also the USD/JPY – Stock market correlation took a break. Let’s see what happened yesterday (Feb 19). The US dollar took a break from the upward trend after … “Dollar on Break From Recent Behavior”

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