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Daily Forex Commentary

26/03/2010 | OzForex

:: United States Dollar: GBP/USD not sitting pretty this morning. A positive set of UK Retail Sales data failed to lift the Pound yesterday, sales jumped 2.1% in February; the biggest advance since 2008. Instead GBP/USD is stuck in 'sell into rallies mode. Stops are still likely lined up close ...
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Daily Forex Commentary

25/03/2010 | OzForex

:: United States Dollar: Cable was quiet in the run up to Darling's Budget yesterday. It ended falling close to 1.4860 post Budget, markets finding little to get excited about. Highlights, apart from duties etc were that 2011 growth forecasts were lowered from 3.5% to 3-3.5%. Borrowing is also ...
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Daily Forex Commentary

24/03/2010 | OzForex

:: United States Dollar: GBP/USD has traded a fairly discreet range over the last 24 hours. Investors failed to react to the CPI inflation released yesterday; it coming in a tad below market consensus at 3% vs. expectations of 3.1%. Later in the day US Existing Home Sales figures came in much as ...
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Daily Forex Commentary

23/03/2010 | OzForex

:: United States Dollar: Some healthy central bank bids under and close to the 1.5000 figure helped GBP/USD recover from early week lows at 1.4934 on Monday. Light selling in EUR/GBP, partly a result of the ongoing debate over Greek deficit levels was also a factor, lifting GBP/USD up through ...
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Daily Forex Commentary

22/03/2010 | OzForex

:: United States Dollar: GBP/USD finished above 1.5000 in North American markets on Friday. MPC member Andrew Sentance supported the Pound by stating that he saw encouraging signs of a recovery in the UK and global economies. GBP/USD has since slipped below 1.5000 in Asia as weekend press stoked ...
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Daily Forex Commentary

19/03/2010 | OzForex

:: United States Dollar: The dollar firmed slightly yesterday, most likely on the back of short term profit taking after recent rallies. Despite a falling dollar earlier this week, the Dow Jones Industrial Average, an index of leading shares, posted a gain for the 8th day in succession, which may ...
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Daily Forex Commentary

18/03/2010 | OzForex

:: United States Dollar: Investors risk appetite got a boost yesterday from the news that rates in the US will remain low for an extended period, reaffirming the ultra dovish stance from the Federal Reserve. Improved global risk appetite boosted demand for everything non safe haven, such as ...
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Daily Forex Commentary

17/03/2010 | OzForex

:: United States Dollar: Risk trades got a boost yesterday as the Fed and the Bank of Japan reaffirmed that they would keep rates at ultra low levels for an extended period. Cheap money will be available for longer, giving investors who borrow in low cost currencies to fund purchases of high ...
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Daily Forex Commentary

16/03/2010 | OzForex

:: United States Dollar: The dollar firmed across the board yesterday with continued talk of sovereign debt worries plaguing the US and the UK, who have both been in the spotlight recently. Whilst the growth maintaining / budget slashing argument still persists, many in the US are starting to worry ...
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Daily Forex Commentary

15/03/2010 | OzForex

:: United States Dollar: The US and the UK have moved substantially closer to losing their AAA credit rating, according to Moody’s the ratings agency. This press, out over the weekend, is unlikely to offer support for either the dollar or the pound this week, and any further negative news out ...
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