Last week we had a sharp fall in initial jobless claims as holiday effects from the July 4 weekend and seasonal impacts from early auto plant shut downs distorted the data. Traders will be look for a snap-back in claims to offset these distortions. Economists, on the other hands, are looking for only a mild uptick in claims to 575,000 from 565,000 last week.
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Claims eyed for potential snap-back
July 16 2009, 2:40pm | Comments »
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WORLD FOREX: CIT Concerns Help Dollar, Yen Higher
By Nicholas Hastings LONDON (Dow Jones)--Concerns over CIT Group and the downgrade in New Zealand's outlook punctured the recent improvement in risk ...
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July 16 2009, 1:06pm | Comments »
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NZ dollar falls after rating outlook downgrade
The New Zealand dollar tumbled on Thursday after a ratings agency raised fears over the country's finances.
July 16 2009, 1:06pm | Comments »
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Forex news: dollar firms against European majors, but melts down ...
Ecommerce Journal Against the European currency , greenback, that closed Wednesday's New York deals at the level of 1.4109, by about 10:30 pm ET during early Asian trading ...
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July 16 2009, 12:17pm | Comments »
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Crude Oil Rises the Most in 3 Weeks
Crude Oil prices remain steady at above $61 a barrel on Thursday, after gaining 3.4% in the previous session. Oil’s gains on Wednesday came after the Energy Information Administration (EIA) showed a bigger-than-forecast drop in Crude supplies last week. And along with a weak U.S. dollar, which traded near a month low against major currencies, this supported the rally in Oil prices. Investors will be keenly watching the weekly U.S. jobless claims data due to be released later on Thursday, for a clue of a possible rebound of the world’s largest economy. The Dollar dropped against most of its major currency counterparts yesterday as a rally in global stock markets diminished demand for the safety of the U.S currency. The Dollar traded at $1.4108 per EUR after sliding 1% yesterday and reaching a day’s low of $1.4135, the weakest level since July 2nd. However the USD was up against the Yen trading at 94.36 from 93.39 late Tuesday. Better than expected results from the New York Manufacturing Index and as expected results from the Consumer Price Index (CPI) which were released Wednesday put further pressure on the Dollar. However the major mover in the market Wednesday were the equity markets, with U.S stocks rallying sharply following the release of better than expected 2nd quarter earnings from Intel. I t is likely that earnings results will continue to dominate market movements in the following days as the earnings from J.P. Morgan Chase, Citi group and Bank of America are due later this week. Traders should also follow the release of the Unemployment Claims, TIC Long Term Purchases and the Philly Fed Manufacturing Index to be released tomorrow at 12:30 GMT, 13:00 GMT and 14:00 GMT respectively as these results may either strengthen or reverse the current bearish sentiment on the Dollar.
July 16 2009, 11:16am | Comments »
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Forex and Financial Market Update 15 July
Once again, Wall St. will remain the center of the universe tomorrow as both the Forex and commodity markets take their cues from how the S&P 500 and Dow ...
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July 16 2009, 11:11am | Comments »
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FOMC meeting - Forex video analysis - July 16th 2009
Here is a great video about the FOMC Meeting:
July 16 2009, 10:23am | Comments »
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Forex Market Update: US Dollar, Japanese Yen Rebound on Profit ...
The dollar and JPY regained some ground in Asia on Thursday as profit-taking set in with currencies near the top of their recent trading ranges, ...
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July 16 2009, 10:23am | Comments »
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WORLD FOREX:Dlr Falls Vs Yen; China GDP Data Trigger Selling
By Takashi Mochizuki TOKYO (Dow Jones)--The dollar and euro fell against the yen in Asia Thursday as Chinese second-quarter growth disappointed some ...
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July 16 2009, 9:17am | Comments »
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FOREX VIDEO | NEW YORK SESSION REVIEW | July 15, 2009
Risk appetite was in full swing today after Intel reported upbeat Q2 earnings and Q3 outlook just prior to today’s Sydney open. Although the EUR/JPY was mostly stalled during today’s London session, the pair extended its gains during the New York session. Traders who went long at the M4 pivot point at the US equity market open, then closed the trade when the currency pair reached its 4-hour 200 ema minutes prior to the London close, were rewarded with a profit exceeding 100 pips. Curt Wehrley FX Bootcamp’s Quantitative Analyst
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July 16 2009, 2:19am | Comments »
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Data Entry Work » Forex Market For Beginners
Currency rates of different countries are always change, Forex is the place where people make profit of this change. Foreign exchange doesn't have any central office. The nature of this market is such that traders all over the world ...
Data Entry Work - http://simpledataprocessing.com/blog/
July 16 2009, 1:39am | Comments »
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Dollar falls as China reveals record stockpiles
Positive earnings surprises from Goldman Sachs and Intel boost risk appetite, pushing investors away from greenback and into riskier assets
July 16 2009, 12:18am | Comments »
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WORLD FOREX: Dollar, Yen Retreat As Risk Appetite Returns
"A lot of the nervousness we had in the beginning of the month seems to be easing," said Kathy Lien, director of currency research at Global Forex Trading. ...
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July 15 2009, 11:58pm | Comments »
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Patience
The charts are looking quite nice today. I see a few very nice grail trades setting up. To be a success in this business you must be patient. Everybody wants to trade forex, but trading to trade is the quickest way to be not trading forex. Every forex system or set-up requires the same thing to be successful. Patience. Without patience you will fail. Wait for the trade to come to you!Publish Post
July 15 2009, 11:30pm | Comments »
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Patience
The charts are looking quite nice today. I see a few very nice grail trades setting up. To be a success in this business you must be patient. Everybody wants to trade forex, but trading to trade is the quickest way to be not trading forex. Every forex system or set-up requires the same thing to be successful. Patience. Without patience you will fail. Wait for the trade to come to you!Publish Post
July 15 2009, 11:30pm | Comments »
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Bobbys Corner-Open Market-July.15.2009 | Forex News and Commentary ...
Good Morning: The USD is weaker in overnight trading as world equity markets rose. Forecasts from Intel and ASML are showing signs that the slump in.
Forex News and Commentary by FXDD - http://forex.fxdd.com/
July 15 2009, 11:05pm | Comments »
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Fundamental Outlook at 1400 GMT (EDT + 0400)
By GCI Financial - The British pound appreciated vis-à-vis the U.S. dollar today as cable tested offers around the US$ 1.6465 level...
July 15 2009, 10:20pm | Comments »
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China's forex reserves pass $2,000bn
Beijing's foreign reserve holdings surged past $2,000bn, as money pours back into China to take advantage of faster economic growth and rapidly inflating asset prices
July 15 2009, 9:07pm | Comments »
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US Inflation rises more than expected in June. US Dollar lower in forex trading today.
July 15th - Consumer price inflation in the U.S. rose by more than expected in June as gasoline prices boosted inflation...
July 15 2009, 8:53pm | Comments »
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China's $2,000bn foreign reserves
The world's favourite green shoot is back in bubble land – but while Chinese exports remain weak, renminbi appreciation is off the cards
July 15 2009, 8:15pm | Comments »
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