Tag Archives: Original post

US Dollar To Take Data Over Date At 2013 Mid-Point

It’s a “green” day and it’s not even for St Patrick. Global bourses are ending this month, this quarter and half-year in the green after some soft US data and comforting comments from a few Fed officials. Policy maker’s rhetoric … Continue reading

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Dollar Collapse Is Coming

Mike Zullo is an impressive man. When he strides into my office I can immediately see him carefully observe and analyze his surroundings. This is a result of his years of law enforcement training. Mike spent a number of years … Continue reading

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EUR/USD: Reduced Risk Of 1.30 Breaking (For Now)

EUR/USD enjoyed the weakening of USD during Asian hours which drove Gold below 1,200, allowing EUR/USD to break 1.305 short-term resistance. This move is significant due to the fact that it reduces the immediate risk of a 1.30 break, which … Continue reading

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Asset Price Recalibration Has The EUR And YEN In Demand

There is nowhere to run and nowhere to hide from the unwinding of quantitative easing, or so it seems? Vast amounts of monies continue to scour the various asset classes looking to book a good yield – for many players … Continue reading

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Week In FX Europe: EUR’s Kiss Of Death From Ben

The 17-member single currency got the “kiss of death” from the Fed – just like other currencies against the dollar. It has been a tough two weeks for the one of the G3 member currency. First, the market pared their … Continue reading

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AUD/USD Up To 0.9280 After Bernanke Says U.S. Still Needs Stimulus

Australia’s dollar surged to the highest in two weeks after Federal Reserve Chairman Ben S. Bernanke signaled there would be no immediate reduction in U.S. stimulus that has helped boost asset prices across the world.The Aussie rose for the third … Continue reading

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USD/CAD To 1.0440 After US Retail Sales

The Canadian dollar declined, trimming a gain last week that was the biggest since December 2011, as U.S. retail sales rose less than projected in June, underscoring a second-quarter slowdown in the economy of Canada’s largest trading partner.The currency weakened … Continue reading

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India Raise Rates From 8.25% To 10.25% In Response To Record Low Rupee

India stepped up efforts to help the rupee after its plunge to a record low, raising two interest rates in a move that escalates a tightening in liquidity across most of the biggest emerging markets.The Reserve Bank of India increased … Continue reading

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Euro Heading South?

Last week certainly had its unique moments, with the different asset classes doing their best to fall in line with directional help from both policy makers and fundamental data. Global bourses were mixed on the back of some disappointing Chinese … Continue reading

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Russia Not Seeking Weaker Ruble – Fin Min

Russia’s finance minister told CNBC it was not in the country’s interest to devalue the ruble, although last month he argued that a weaker currency would help boost flagging economic growth.Speaking at the G-20 meeting of finance ministers in Moscow, … Continue reading

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