The US Dollar consolidated gains against the Euro in overnight trading, with EURUSD contained in a tight range after a sharp selloff brought prices down to 1.42 having tested above 1.47. The Bank of Japan cut interest rates by 20 basis points to put forex news :: view details »

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The Swiss Franc continued its gains against its main rivals, and had a strong move vs. the Pound today in otherwise light trading. The Pound-Franc pair broke below support at 1.60, in a downmove that spanned 270 pips. The Pound is being pressured by forex news :: view details »

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The markets were closed yesterday as a result of the Christmas Day Holiday as currently trading is stable as major economies are closed due to the Holiday yet the Asian markets are running. The dollar slid in the markets as investors continue to fea forex news :: view details »

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U.S. Dollar Trading (USD) very quiet trading with Europe away and thin equity markets in Japan and US. Most of the action was reserved for the commodity front with Oil and Gold rising on fresh geopolitical concerns out of the Middle East and India/P forex news :: view details »

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After the Christmas Holiday markets are rejoining the last trading days of this abysmal year, while as we head closer to the end the prayers are slimming further for a change of pace for the signs of a deepening recession continues to grow and the a forex news :: view details »

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The dollar depreciated in the markets ahead of scheduled housing data for tomorrow projected to show further weakness in the housing market while investors remain highly sensitive to any data from the housing sector as this was the start of the down forex news :: view details »

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Speculators will continue to push for Euro parity against Sterling, but this will set the stage for a very sharp correction as the Euro will be over-extended. Sterling remained fragile ahead of the Christmas holiday and was unable to secure any resp forex news :: view details »

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U.S. Dollar Trading (USD) came under pressure initially as Oil and Gold surged in Asia on reports of escalating conflict in the Gaza Strip. Gold was up over $20 an ounce at one stage and Oil was steadily bought above $40 a barrel to highs above $42 forex news :: view details »

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The Pound-Dollar pair fell 200 pips today, breaking below 1.47, and extending a down move that started around 1.57. Taking a look at the last two months we see that we are at the bottoms of a sideways channel with support from the middle of December forex news :: view details »

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The countdown begins and markets are starting to cap their years and seal the deal for this horrific year! The year that is going on records as one of the worst financial markets have seen and economies have lived in as it was one seasonal year that forex news :: view details »

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Data released during the Christmas break paint a very bleak picture of the Japanese economy. According to industrial production figures, Japan is currently experiencing the fastest deceleration in industrial activity since the Second World War in th forex news :: view details »

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Thin market conditions continue to dominate in the currency market on the eve before Christmas. Trading ranges for all of the major currency pairs have been relatively narrow, especially when compared to the large swings that have been characteristi forex news :: view details »

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