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Daily Forex Commentary

08/07/2010 | OzForex

:: United States Dollar: GBP/USD squeezed up through the 1.5200 figure overnight and onwards to a high of 1.5237 as it ran through a few stops. It had been threatening a break higher all afternoon yesterday but never made any convincing push. It has slipped back since and opens this morning at ...
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Daily Forex Commentary

07/07/2010 | OzForex

:: United States Dollar: GBP/USD has traded a pretty drab range over the last 24 hours. It managed to break through 1.5200 yesterday afternoon but it failed to sustain this move and has fallen back overnight. It opens this morning at 1.5080. There is nothing much to this given economic data ...
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Daily Forex Commentary

06/07/2010 | OzForex

:: United States Dollar: With US markets closed yesterday for Independence Day it was a relatively quiet time in the FX market. GBP/USD struggled to make it back through the 1.5200 and was pressured lower following the release of weaker than expected services PMI figures. This slipped to 54.4 vs. ...
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Daily Forex Commentary

05/07/2010 | OzForex

:: United States Dollar: GBP/USD opens this morning at very similar levels to where it closed on Friday. It trades at 1.5180 currently. US Non-farm payrolls data on Friday was the main event and it turned out to be weaker than expected. June payrolls fell 125,000 vs. expectations for a 106,000 ...
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Daily Forex Commentary

02/07/2010 | OzForex

:: United States Dollar: GBP/USD has risen sharply over the last 24 hours. This comes despite the fact that equity and commodity markets continue to struggle and whilst risk aversion remains heightened. UK manufacturing data came in close to market expectations yesterday too. The rise is ...
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Daily Forex Commentary

01/07/2010 | OzForex

:: United States Dollar: After a fairly resilient start yesterday the pound has since fallen against the US dollar. It slipped below the 1.5000 figure following comments from another MPC member Posen. In a contrasting tone to his colleague Andrew Sentance earlier in the week Adam Posen said that ...
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Daily Forex Commentary

30/06/2010 | OzForex

:: United States Dollar: Financial markets have seen a sea of red over the last 24 hours as concerns deepen over the problems facing European state purses. The Dow finished 2.65% lower yesterday, the S&P 3.10% lower, the FTSE 3.10% lower and the Nikkei 1.96% lower. The USD has firmed up across ...
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Daily Forex Commentary

29/06/2010 | OzForex

:: United States Dollar: The pound rose against the US dollar yesterday, pushing through the key psychological 1.5000 level and onwards to a high of 1.5120 overnight (8 week highs). This comes following the G20 meeting in Toronto where it was clear governments were in agreement that their current ...
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Daily Forex Commentary

28/06/2010 | OzForex

:: United States Dollar: The dollar fell on open this morning after the latest round of G20 meetings in Toronto turned out to be both positive and productive. The focus of the meeting was of course fiscal prudence, and how to reduce deficits on a global scale. G20 leaders agreed to stabilise their ...
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Daily Forex Commentary

24/06/2010 | OzForex

:: United States Dollar: The Pound continues to rise against the Greenback for the start of today’s session. The markets digesting the budget well and this has been the main factor in Pound's strength the past 48 hours. UK Chancellor Osbourne said if we don't deal with debt, ...
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