Dollar is Flying, while Yen is looking delicate

Tuesday, 29 March 2011 04:33

Bullard’s discussion in Prague boosts the US Dollar. Useful information for forex traders. EUR/USD was trading at 1.4127 from the time of the previous post and is now trading at 1.4059, resulting in the depreciation of the Euro. As well as the GBP/USD trading at 1.5970..

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Gfk German Confidence Index

Tuesday, 29 March 2011 12:13

Following Merkel’s defeat in an important region of Germany resulting the Euro to drop, and a speech by Trichet which made the Euro to rise slightly against the Dollar to 1.4095, more news appear to affect the currency..

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Sterling is the weakest link

Monday, 28 March 2011 06:21

Sterling proved to be the weakest link in today’s major trading as it slipped to a 60 day low of 1.5935 against the Dollar. The UK weak economy seems to be impacting the British currency with its slow recovery.

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Australia skyrockets to a 29 year high

Monday, 28 March 2011 05:54

The Aussies reached a 29 year high price of 1.0330 against the American Dollar earlier today. A positive attitude seems to prevail so more good news is expected for AUD/USD. The pair is currently trading at 1.0276

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Euro Struggles after German Election

Monday, 28 March 2011 12:54

Angela Merkel suffered a crushing defeat in Baden-Württemberg, which plays against her leadership roles even though it was just a local vote. This caused the Euro to slip as it opened on Monday starting the new week in Asian trading.

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