FOREX

OzForex FX Market Watch - 27/01/2009

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USD : On the US front this week it all starts with Existing Home Sales data for the month of December. On Tuesday we see the release of Consumer Confidence data. The

Last Week Recap - 27/01/2009

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The Australian Dollar continued last week to be bogged down in a 4 cent trading range with the low being 0.6414 and the high being 0.6839. With the local data out during the
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The World Won't Buy Unlimited U.S. Debt

Barack Obama has spoken often of sacrifice. And as recently as a week ago, he said that to stave off the deepening recession Americans should be prepared to face trillion dollar deficits for years to come.
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Uncertain week ahead as Obama takes the helm

Recessionary gloom gathers. The week was marked by mounting concerns for the integrity of the euro and saw another round of US government action to shore up its buckling banking sector.
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Credit Where Credit is Due

This week, in a speech before the London School of Economics, Fed Chairman Ben Bernanke offered a perverse economic theory in his quest to gather support for
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PRICE GAP PORTENDS GOLD PRICE BOOM

Most consider the New York market 'spot' price for an accurate indication of the true price. However, investors now buying buy physical or 'fabricated' gold, are paying a
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OzForex Daily Commentary - 16/01/2009

Australian Dollar: Yesterday's employment data showed a rise in the official unemployment rate from 4.4% to 4.5% with the economy shedding 1,200 jobs in December. The
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OzForex Daily Commentary - 15/01/2009

Australian Dollar: In what was a very volatile session in Asia yesterday the Aussie dollar climbed back from its open near 66 cents to post a late afternoon high slightly above the
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Daily Forex Overview

On Monday, the yen advanced across the board at the expense of higher-yielding currencies as risk aversion and slumping equities reemerged as the dominant concerns for investors.
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Daily Forex Commentary - 13/01/2009

Australian Dollar: After opening the week above 70 cents the Aussie dollar swiftly retreated in early morning trade as investors remained nervous following Friday's U.S employment report.
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Daily Commentary - 12/01/2009

Australian Dollar: The Aussie dollar drifted lower in local trade on Friday after posting a high of 0.7130 in early morning trade.
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OzForex Daily Commentary - 08/01/2009

Australian Dollar: The Australian Dollar opens sharply lower this morning at US71 cents. The Aussie moved to an overnight high of 0.7268 during European trade, however
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OzForex Daily Commentary - 07/01/2009

Australian Dollar: The Australian Dollar opens at a 3-month high against its U.S. counterpart at 0.7250 as commodity prices continue their recent run higher. Positive sentiment
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OzForex Daily Commentary - 06/01/2009

Australian Dollar: The Australian Dollar opens higher today at 0.7149 and in the last 24 hours has been more up and down than the wicket at the Sydney Cricket Ground. In local
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USD Rallies, Awaits Data

The dollar bounced against the majors at the start of the week, rallying to 1.3555 versus the euro from 1.3962 and edging up to 93.56 against the yen.
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Dollar holds gains versus yen as stocks rise

The dollar was little changed against the yen on Thursday holding on to gains from yesterday as U.S. stocks rose on consumer prices which rose less than expected, alleviating inflation worries.
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Sterling weakens against the dollar

Sterling fell against the dollar yesterday with weak consumer morale output and jobs figures keeping investors focused on a sharply slowing UK economy and the prospect of further interest rate cuts.

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