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Will Retail sales lift risk appetite?

12. March 2010

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Today the retail sales figure is due with investors eyeing a fall of -0.2% MoM. Although the figure expected is negative investors bet on a March rebound in sales as snow storms and harsh winter conditions are considered to be the factors behind the dented February sales. Since the credit crisis has erupted consumer spending [...]

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Nonfarm payrolls around the corner

2. March 2010

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US nonfarm payrolls and unemployment is due on Friday, the FX market is currently pricing a loss of 50K jobs with consensus bets on a 9.8% of unemployment. Although the market’s main focus is currently on the Greek debt issue nonfarm payrolls is known as a market moving even. Why? Historically after recessions the Fed [...]

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Yen and Dollar gain as Forex unrest dominates

25. February 2010

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Nervousness in the Forex market resumed as dented US home sales and the Fed’s exit scheme weighed on the Fed’s pledge to low rates. Yesterday the Fed Chairman Ben Bernanke gave his Semi-Annual testimony to Congress. The Fed chairman outlined the move last week to raise the discount rate to 0.75% was strictly a move [...]

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Forex players eye Bernanke testimony

23. February 2010

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Last week the Fed surprised markets by hiking the discount lending rate to banks by 25 Basis points to 0.75%.The Fed went out of its way to emphasize this is solely a move towards normality and does not reflect on the highly watched benchmark rate which affects lending costs directly. Nevertheless Forex players perceived this [...]

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Federal Reserve raises discount rate

18. February 2010

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eToro News Friday, February 19, 2010 The Federal reserve surprised the market by raising its discount lending rate to banks from 0.5% to 0.75% thus effectively raising the spread on Fed funding to 0.5%(Discount rate less Benchmark rate).The Fed chairman already announced in his statement earlier this week that the Fed will move very soon to tighten [...]

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U.S and Canadian GDP is around the corner

28. January 2010

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Tuesday January 26th 2010, marked the preliminary quarterly GDP in the U.K. It’s the broadest measure of economic activity and the primary gauge of the economy’s health. The result: 0.1% was softer than forecast (0.4%); the results that followed were tremendous! GBP/USD dropped close to 150 pips over the span of an HOUR, whilst GBP/USD dropped a colossal [...]

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GDP and Consumer Sentiment Ahead

28. January 2010

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Following the Fed’s statement, the U.S market finished the trading day yesterday in positive territory. Even though the Fed didn’t state any new remarks or engage in monetary tightening, the mixed opinions among the board members sparked Dollar buying. According to the Fed’s statement, the fed left their fund rate at a low of 0%-0.25%, [...]

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US GDP Just Ahead

28. January 2010

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              Not so long ago the US was perceived to be lagging behind the rest of the world recovering from the crisis much slower than other G7 nations. As a result the Dollar was pushed south rather vigorously with the grim growth outlook constantly looming. However recent data shows this might not be the case as [...]

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The Fed’s Interest Rate decision

27. January 2010

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No Change But it Could Have an Impact on the Forex Pairs The Fed’s interest rate decision will grab the center of attention this week as hopes for an interest rate cut now seem to be fading into the distance. Even though the Fed mentioned at its last meeting that the economy seems to be showing [...]

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Cable , Euro and AUD - 21-01-2010

20. January 2010

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Cable Euro went down and Cable kept holding. Well it can happen but given the levels Euro has gone , it is a bit unnatural. I strongly feel , there is more downside still left for Cable. If we look at the daily chart the shooting start candle two days before is already making things a [...]

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