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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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Euro surges as Moody''s maintains Spain’s credit rating

17/10/2012 | OzForex

The Euro was higher against 14 of its 16 major peers yesterday following the announcement from Moody’s and the continued speculation of good news surrounding Spain’s bailout request.
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Risk appetite returns on positive US data and anticipation of Spanish bailout

16/10/2012 | OzForex

Optimism returned to the markets on Tuesday morning with the US Dollar opening weaker against the Euro and GBP following strong US retail sales on Monday and growing anticipation that Spain will request a formal bailout soon.
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Markets search for direction amidst muted recovery prospects

15/10/2012 | OzForex

Hopes of global recovery, fuelled last week by better than expected US jobs data, have been tempered by forecasts of a lacklustre third quarter earnings season that has seen the Dow Jones Industrial Average fall 2.1 precent in the last week.
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