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Daily Forex Commentary

11/05/2010 | OzForex

:: United States Dollar: Market volatility has continued. Risk demand bounced yesterday and so did GBP/USD. Markets reacted positively to news of the Greek bailout package which included emergency measures worth EUR 750 billion to prevent the Greek debt crisis spreading to other euro zone ...
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Daily Forex Commentary

10/05/2010 | OzForex

:: United States Dollar: Sterling has recovered from its early losses against the US Dollar on Friday. Thursday''s election brought about market uncertainty as the outcome saw a hung parliament. This sent cable crashing, dipping below 1.4500 to reach a low of 1.4478. The recovery ...
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Daily Forex Commentary

07/05/2010 | OzForex

:: United States Dollar: Volatility has been extreme over the past 24 hours. GBP/USD fell through the 1.5000 barrier late yesterday afternoon as the prospect of a hung parliament loomed. It triggered stops through that level and as the count went on through the night Asia dragged the Pound even ...
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Daily Forex Commentary

06/05/2010 | OzForex

:: United States Dollar: Its election day today in the UK and markets and bookmakers are still betting on a hung parliament. GBP/USD opens at 1.5040 and will be unlikely to stray far until the result becomes clear. Given markets have largely priced it in already downside in GBP/USD from a ...
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Daily Forex Commentary

05/05/2010 | OzForex

:: United States Dollar: GBP/USD has been steady over the last 24 hours having traded a 1.5100/1.5200 range. Markets are still in "wait and see" mode ahead of this week’s election results and have given up reacting to the latest polls. Focus also remains on Greece. Risk has been sold and stock ...
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Daily Forex Commentary

04/05/2010 | OzForex

:: United States Dollar: It has been a fairly quiet last 24 hours for GBP/USD as London returns from a bank holiday Monday. Focus is still on the election polls and markets are still betting on a hung parliament. This threat sees the Pound open under 1.5200 against the US Dollar at 1.5190 this ...
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Daily Forex Commentary

03/05/2010 | OzForex

:: United States Dollar: Sterling has continued to dip against the Greenback. Month-end demand for EUR/GBP undermined Cable on Friday and saw the currency pair fall as low as 1.5285. The Asian session started with the currency pair back above 1.5300, but once again dwindled off for ...
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Daily Forex Commentary

30/04/2010 | OzForex

:: United States Dollar: "There was less worry in the markets yesterday as the dust settled from the recent unrest in the global government bond markets. The dollar sold off slightly across the board, not necessarily on the back of risk taking, but on the unwinding of short positions. Here in the ...
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Daily Forex Commentary

29/04/2010 | OzForex

:: United States Dollar: Federal Reserve Chairman Ben Bernanke kept rates on hold at “near zero” in the US yesterday, maintaining record low interest rate levels. Bernanke highlighted that the Fed felt uncomfortable raising rates whilst unemployment remains so high, currently at 9.7% or 15 million ...
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Daily Forex Commentary

28/04/2010 | OzForex

:: United States Dollar: The dollar continues to benefit from global risk aversion, as the EU sovereign debt crisis continues to spook investors into safe haven US securities. Yields on US treasuries dropped across the yield curve (a simple graph of bonds with different maturities), highlighting a ...
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