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EUR/USD supported by successful Italian auction yesterday but beware of month end flows today

31/10/2012 | OzForex

United States Dollar: Nothing much has changed over the last 24 hours. GBP/USD continues to trade a steady range between 1.6050 and 1.6090. It opens towards the top end of this range at 1.6080. Most of New York was still out of action yesterday and there was again little by way ...
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Sleepy markets largely unaffected by US storm

30/10/2012 | OzForex

United States Dollar: It’s all been very quiet for cable over the last 24 hours with economic data thin on the ground and with New York being out of action due to Hurricane Sandy. The worst of the storm has passed the city now and financial markets have remained fairly ...
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Quiet start to the week with good support for GBP/USD still at 1.6000

29/10/2012 | OzForex

United States Dollar: Cable traded a steady range on Friday as US GDP data released that afternoon failed to create any volatility. The numbers showed that the US economy expanded by 2% in the third quarter vs. expectations for a rise of 1.9%. GBP/USD continued to trade close to ...
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Risk off amid weak earnings but GBP still firm on back of GDP

26/10/2012 | OzForex

United States Dollar: Yesterday was all about GDP. It showed the UK economy grew by 1% in the third quarter vs. expectations for 0.6%. Cable gapped to 1.6140 on the news after starting the day yesterday at 1.6070. Many banks and forecasters have now brought back their ...
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Sterling higher as UK GDP beats estimates

25/10/2012 | OzForex

Dollar held firm against the Euro yesterday as the Federal Reserve maintained asset purchase programs without further expansion, but opens lower against Sterling as the markets await UK Q3 GDP which is expected to show a return to growth for the UK econom
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Risk off as Corporate earnings fail to deliver

24/10/2012 | OzForex

Yesterday, risk was off the table following a raft of underwhelming corporate earnings that gave the Dollar a boost against Sterling and the Euro, sending Cable close to 1.59 and EURUSD under 1.30.
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Sterling higher on expectations the economy returns to growth in Q3

23/10/2012 | OzForex

Sterling rose against the USD yesterday as an independent report showed that UK insolvencies declined in September boosting confidence that an economic recovery in the UK is strengthening. The report has helped to support the Pound as the markets look tow
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Risk back on following poor Corporate Earnings and soft US data

22/10/2012 | OzForex

The US Dollar took back ground it had lost against the Euro and GBP last week, during on Friday’s session. Cable sunk back below 1.6 to 1.5990 and EURUSD fell back to 1.3030
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USD Climbs on weak US Jobs Data and poor Google earnings release

19/10/2012 | OzForex

USD climbed yesterday against the Euro and Sterling following worse than expected initial jobless numbers from States and weak corporate earnings from Google
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UK retail sales increase and EU summit begins in Brussels

18/10/2012 | OzForex

Strong jobs data yesterday and better than expected retail sales from the UK this morning have helped to give the Pound a boost against the USD, supporting its recent move above 1.61
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