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Busy week looks set to test major crosses...

18/02/2013 | OzForex

United States Dollar Friday was another disappointing day for Sterling. UK retail sales fell significantly in January, bucking the trend of negative Sterling sentiment throughout last week. US data was impressively good in contrast, with both manufacturing and consumer ...
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Eurozone GDP sinks as markets await G20...

15/02/2013 | OzForex

United States Dollar Equity markets dropped yesterday and the decline in risk appetite hit Dollar crosses. With no data from the UK, market focus was on European and US releases. EU GDP figures were very poor kick-starting diversification into safer-havens. Decent US ...
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Sterling dumped before Valentine’s Day…

14/02/2013 | OzForex

United States Dollar: Cable fell sharply as investors reacted to a number of issues yesterday. Selling pressure has continued this morning, with GBPUSD slipping to 1.55; a key technical level from the January high and the lowest price since 3rd August 2012. EURUSD also saw a ...
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G7 fails to ease tension…

13/02/2013 | OzForex

United States Dollar: GBPUSD has now fallen around 5% from the high reached in January. Another volatile day on the currency markets yesterday saw cable test 6-month-lows. Little suggests this trend is going to end soon, though we do hope today will bring a little clarity as the ...
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Sterling under pressure as inflation report looms...

12/02/2013 | OzForex

United States Dollar: Cable fell sharply yesterday as market focus shifted back to the weakness of the UK’s economy and possible easing measures in the near future. GBPUSD starts today back at 1.5650 after falling 160pips from yesterday’s high. With no major data for ...
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Euro soft ahead of key meetings

11/02/2013 | OzForex

United States Dollar: After a dreadful start to February, cable actually outperformed last week closing up 1-cent on Monday’s open. Friday saw the pair test as high as 1.5850 before falling back to 1.580 later in the day. Better than expected US trade balance figures ...
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Words Draghi the Euro lower….

08/02/2013 | OzForex

United States Dollar: We expected cable to keep us busy yesterday and weren’t disappointed. Prices moved wildly as the market digested a plethora of information throughout the day: UK manufacturing production more-than-doubled forecasts yesterday. A solid 1.6% gain in ...
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Markets steady ahead of an action-packed day

07/02/2013 | OzForex

United States Dollar: Cable experienced sideways trading yesterday as markets found their feet and positioned ahead of today. Markets appeared to have had their fun on Friday/Monday, positioned on Tuesday, and tread water on Wednesday ahead of key central bank meetings today. ...
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Markets position ahead of key central bank meetings tomorrow

06/02/2013 | OzForex

United States Dollar: With the benefit of hindsight, yesterday morning now felt like the eye of a storm. After heavy selling on Monday, early trends on Tuesday suggested Cable was going to stage a slight recovery before entering a phase of consolidation. A solid Services PMI ...
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What a difference a day makes

05/02/2013 | OzForex

United States Dollar: Profit taking and risk trends were the major themes driving GBPUSD yesterday. Stock markets posted heavy losses and developments in the EU saw risk appetite wane during the day. Cable managed to avoid a serious test of the January-low support levels, ...
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