Euro pares back gains after ECB minutes
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Euro pares back gains after ECB minutes

The euro pared back gains against the softer dollar on Thursday after the minutes of the European Central Bank’s October meeting said the risk that it would miss…

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EUR/USD Rebounds after Earlier Weakness
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EUR/USD Rebounds after Earlier Weakness

The EUR/USD opened weaker in reaction to the news that the International Monetary Fund pulled out of talks with Greece. Adding to the selling pressure was renewed shorting…

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Euro To Struggle After IMF Walks Out Of Greek Talks
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Euro To Struggle After IMF Walks Out Of Greek Talks

Euro To Struggle After IMF Walks Out Of Greek Talks Greek bailout concerns remain heightened despite the leaders of Greece, France and Germany agreeing to intensify negotiations over…

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Forex Traders Focus On Central Banks
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Forex Traders Focus On Central Banks

Tuesday trading focused on Greece headlines and disappointing inflation data from China. Eurozone GDP was a nonevent and the US JOLT jobs data helped stop the fall of…

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Falling Stocks Help Prop Up Gold Futures
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Falling Stocks Help Prop Up Gold Futures

August Comex Gold futures posted a solid gain on Tuesday. Technically, oversold conditions contributed to the rally after gold completed a three week decline last week. Fundamentally, the…

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Chinese Inflation Data Having A Global Rippling Effect
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Chinese Inflation Data Having A Global Rippling Effect

Chinese Inflation Data Having A Global Rippling Effect Chinese data will weigh on trading throughout the day; this morning inflation figures from China missed their mark. Consumer prices…

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Position-Squaring Underpins EUR/USD in Lackluster Trade
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Position-Squaring Underpins EUR/USD in Lackluster Trade

Today was a relatively quiet day in the markets after Friday’s volatile session. Most of the price action appeared to be related to position-squaring following the release of…

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Monday Morning Market Movers
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Monday Morning Market Movers

Wall Street closed lower on Friday as better than expected jobs report raised expectations of an interest rate hike. Labor department release said that U.S. market generated 280,000…

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US Nonfarm Payroll Report Dominates Currency Trading
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US Nonfarm Payroll Report Dominates Currency Trading

US Nonfarm Payroll Report Dominates Currency Trading Official US jobs data known as the Nonfarm Payroll report on Friday will be the biggest driver of the US dollar…

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June 5th D Day For US Jobs, Greek Default And OPEC
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June 5th D Day For US Jobs, Greek Default And OPEC

June 5th D Day For US Jobs, Greek Default And OPEC June 5th is a new kind of triple witching day, with the US nonfarm payroll report due…

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EUR/USD Weakens as ECB Statement Offers No Surprises
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EUR/USD Weakens as ECB Statement Offers No Surprises

The EUR/USD traded weaker on Wednesday after the European Central Bank left its key interest rates unchanged at historical lows. The central bank left its benchmark interest rate…

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Austrailan Dollar Soars While US Dollar Tanks
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Austrailan Dollar Soars While US Dollar Tanks

The US dollar continued to ease in the Asian session on Wednesday morning to trade at 95.90 after trading above the 97 price just 24 hours ago. The…

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Strong Consumer Inflation Data Fuels EUR/USD Rally
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Strong Consumer Inflation Data Fuels EUR/USD Rally

The EUR/USD surged on Tuesday after fresh data showed Euro Zone inflation rising for the first time in six months. The Forex pair saw its biggest gain in…

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Greece Headlines, ECB Press Conference & US NFP Keep Traders On Edge
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Greece Headlines, ECB Press Conference & US NFP Keep Traders On Edge

Greece Headlines, ECB Press Conference & US NFP Keep Traders On Edge This morning’s big market news came early in the morning from China. China’s manufacturing sector remained…

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EUR/USD Firms on Greece Debt Deal Rumors
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EUR/USD Firms on Greece Debt Deal Rumors

The EUR/USD is recovering after early session weakness. The Forex pair moved higher on reports that a Greek debt deal was likely to be announced shortly. There is…

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Forex Traders Focused On Friday
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Forex Traders Focused On Friday

Forex Traders Focused On Friday The US dollar eased a bit in the Asian session but the rally still remains intact. The greenback is trading at 97.46 down…

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US Data & Greece Dominate Currency Markets
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US Data & Greece Dominate Currency Markets

US Data & Greece Dominate Currency Markets The US dollar finally took a breather after a strong rally sparked a week ago on better than expected US inflation…

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Wall Street Posts Positive Gains  As The Greenback Strengthens
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Wall Street Posts Positive Gains As The Greenback Strengthens

Wall Street Posts Positive Gains As The Greenback Strengthens Wall Street ended Wednesday with solid gains, recovering most of the losses from the previous session on the back…

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US Dollar Continued To Rally On Better Than Expected Data
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US Dollar Continued To Rally On Better Than Expected Data

US Dollar Continued To Rally On Better Than Expected Data Global markets reacted on Tuesday to a broad range better than expected US economic data. Federal Reserve Chair…

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Euro Falls on Increased Speculation Greece Will Miss Payment
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Euro Falls on Increased Speculation Greece Will Miss Payment

The EUR/USD was under pressure on Tuesday as fears grew about Greece’s ability to pay its debt obligations. Concerns were raised over the week-end after Greek Interior Minister…

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Currency Speculators Back From Holiday Eager To Trade
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Currency Speculators Back From Holiday Eager To Trade

Currency Speculators Back From Holiday And Eager To Trade The greenback continued to climb in the Asian session adding 19 points to 96.66 as Janet Yellen kicked off…

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Greece, Spain Worries Pressure Euro
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Greece, Spain Worries Pressure Euro

The EUR/USD and GBP/USD posted losses on Monday in a lightly traded session. Losses were limited, however, because many of the major players took the day off because…

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Countdown To Greek Default – The Euro Takes A Tumble
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Countdown To Greek Default – The Euro Takes A Tumble

Countdown To Greek Default – The Euro Takes A Tumble As the new week starts off, traders find US and UK markets on holiday and virtually no economic…

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The Japanese Yen Gains After The Bank of Japan Stands Pat
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The Japanese Yen Gains After The Bank of Japan Stands Pat

The Japanese Yen Gains After The Bank of Japan Stands Pat The market opened flat with a negative bias as suggested by the Nikkei and Hang Sang. Asian…

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Lackluster Chinese PMI Stokes Stimulus Hopes
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Lackluster Chinese PMI Stokes Stimulus Hopes

Wall Street ended the day on a flat note, as the FOMC minutes revealed no secrets dashing trader’s hopes that they might have a little more guidance about…

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Asian Forex Traders React To Data Events
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Asian Forex Traders React To Data Events

Asian Forex Traders React To Data Events Wednesday morning kicked on a positive tone following strong data from the US late on Tuesday this morning Japanese GDP print…

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ECB Plan to Front-load Bond Purchases Hits Euro Hard
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ECB Plan to Front-load Bond Purchases Hits Euro Hard

The EUR/USD plunged on Tuesday after a European Central Bank official said the central bank will front-load some of its planned bond purchases. The news sent Euro Zone…

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The US Dollar Sees Biggest Single Day Rally Since April
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The US Dollar Sees Biggest Single Day Rally Since April

The US dollar continued to recover from lows touched last week after a rash of weaker than expected data. The US dollar recovered to trade at 94.32 ahead…

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Asian Currency Markets A Bit Weary As The New Week Begins
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Asian Currency Markets A Bit Weary As The New Week Begins

Asian Currency Markets A Bit Weary As The New Week Begins European markets are trading higher as investors acknowledged disappointing US data as a signal to delay in…

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Euro Holds Its Momentum
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Euro Holds Its Momentum

Euro Holds Its Momentum The euro is trading flat this morning after moving above the 1.14 level as the US dollar declined after a rash of lackluster economic…

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Draghi Comments on Stimulus Boost EUR/USD
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Draghi Comments on Stimulus Boost EUR/USD

The EUR/USD traded higher on Thursday after European Central Bank President Mario Draghi said the ECB would continue its economic stimulus program until inflation picks up and companies…

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Asian Forex Traders Have A Busy Session
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Asian Forex Traders Have A Busy Session

Asian Forex Traders Have A Busy Session The Wednesday Asian economic calendar was rather full of information. The morning started off with New Zealand central bank Governor Wheeler…

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Weak US Dollar Gives Global Currencies A Boost
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Weak US Dollar Gives Global Currencies A Boost

Weak US Dollar Gives Global Currencies A Boost Wall Street closed on flat note, recovering from its early losses after disappointing retail sales data for the month of…

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Asian Currencies Were Active On Tuesday
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Asian Currencies Were Active On Tuesday

Greece remains the main focus of the European markets today dominating the headlines like they did on Monday. The euro fell to trade at 1.1154. The fall was…

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Short-covering Following Election Fuels GBP/USD Rally
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Short-covering Following Election Fuels GBP/USD Rally

The GBP/USD soared to nearly its highest level since late February on Monday. The catalyst behind the rally was the surprising U.K. Parliamentary Election results. Fresh longs came…

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Forex Traders Overloaded By Global Events
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Forex Traders Overloaded By Global Events

In Europe today, traders will keep a close eye on the Eurogroup meeting as Finance Ministers review Greece’s fate while the Bank of England meets to decide on…

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Cable Surges and Settles at Higher Levels Following Election Victory for Conservatives
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Cable Surges and Settles at Higher Levels Following Election Victory for Conservatives

Cable has settled after surging on the election news. Sterling logged a 10-week high at 1.5522, but has since consolidated a big figure lower. The pound had bolted…

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Chinese Trade And UK Exit Polls Keep Forex Traders Busy
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Chinese Trade And UK Exit Polls Keep Forex Traders Busy

The first market stressor is now behind with the UK elections down to the final count. The most recent exit polls show that David Cameron will remain as…

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GBP/USD Trades Lower as Investors Await Parliamentary Election Results
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GBP/USD Trades Lower as Investors Await Parliamentary Election Results

The GBP/USD traded lower on Thursday during the general elections in the U.K. Traders are looking for volatile but somewhat bearish conditions to develop after the election since…

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Euro Hits 10-week Highs Following Strong German Manufacturing Orders
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Euro Hits 10-week Highs Following Strong German Manufacturing Orders

EUR/USD hit a fresh 10-week peak at 1.1391. EUR/JPY also traded to a new four-month peak, while the euro also managed to perk up against the recently outperforming…

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