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Aussie dollar up on huge employment number

14/03/2013 | OzForex

United States Dollar: US retail sales beat expectations yesterday afternoon advancing 1.1% in February vs. forecasts for a 0.5% rise. It was the strongest print in five months and the USD reacted positively against most currencies, all expect the pound. After haemorrhaging ...
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Weak UK manufacturing data sends GBP lower again

13/03/2013 | OzForex

United States Dollar: After a quiet start to the week markets got a shock from much weaker than expected manufacturing and industrial production data released at 9:30 yesterday morning. Manufacturing fell in January at its fastest pace since June, by 1.5% vs. expectations for a ...
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Markets take a breather for once

12/03/2013 | OzForex

United States Dollar: GBP/USD has been steady these last 24 hours. It’s traded a range between 1.4860 (a 2.5 year low) and 1.4940 post US NFP on Friday afternoon. There was little by way of economic data yesterday but sentiment towards the pound, the contrasting prospects ...
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Strong US NFP data on Friday sends GBP/USD sharply lower

11/03/2013 | OzForex

United States Dollar: Friday was all about US Non-Farm Payrolls which came in much stronger than expected at 236k vs. forecasts for 162k. The jobless rate also fell to a five year low of 7.7% and it was an immediate reason to buy USD. Cable gapped from 1.5030 to 1.4930. It ...
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BoE and ECB decide not to ease; Euro gains as Draghi surprisingly upbeat...

08/03/2013 | OzForex

United States Dollar Cable initially jumped back over 1.50 yesterday as the BoE decided not to add to current stimulus efforts this month. Markets were edging towards a further £25bln of QE, so positions were unwound as traders adjusted to the news. Focus will now ...
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QE or not QE, that is the question...

07/03/2013 | OzForex

United States Dollar Yesterday looked like it was going to be a bit of a non-day as investors positioned ahead of key central bank meetings today. That was until the Beige Book report was released later in the US session. The report suggested economic activity in the USA is ...
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Aussie''s good data run continues; DJIA reaches record high...

06/03/2013 | OzForex

United States Dollar Sterling managed to avoid a triple-whammy yesterday as surprisingly decent Services PMI provided respite to recent dire manufacturing and construction numbers. The figure, which was the highest in five-months, goes some way to alleviating concerns of a ...
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Surprising surge in retail sales lifts Sterling...

05/03/2013 | OzForex

United States Dollar Sterling crosses held up pretty well yesterday. Early selling pressure arose as terrible Construction PMI data hit the wires. Weak construction data was a major influence on last year’s poor growth figures, so the news saw cable drop to 1.50, but ...
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Action packed week looks set to test major crosses...

04/03/2013 | OzForex

United States Dollar: The Dollar out-performed last week. Cable pushed below 1.50, but concerns regarding the budget sequester ensured the move did not last. Sterling managed to recover a little, though terrible manufacturing data released on Friday means the Pound will ...
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No deal in sight as US budget cuts loom...

01/03/2013 | OzForex

United States Dollar: FX markets were steady yesterday. Cable consolidated within a 75 pip range as major crosses generally lacked direction. Risk trends were favourable as tensions were eased by Bernanke’s comments earlier in the week, decent US data, and Italian ...
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