The June 55.3 ISM headline reading has supported risk appetites as its mid-50′s range suggests expansion in manufacturing activity. A number of encouraging signs can be seen when looking into the composition of the report with the improvement in the employment index to 59.9 from 58.2 in May being the Read More The Details of [...]
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Markets breathed a collective sigh of relief as Greece formerly adopted austerity measures. That should allow the release of the next tranche of its 2010 bail-out package, with Sunday’s emergency Eurozone finance ministers meeting fully expected to approve this. Greece looks likely to avoid a default, for now. While markets Read More Diverging Policy Decisions [...]
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At the end of the prior week many key markets were sitting just above major breakdown levels and the risk was for a severe move lower. But just one week later, risky assets have rebounded and show a potential resumption of trends higher. Is all suddenly well in the world? Read More Risk is Back [...]
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The Canadian dollar jumps today for the fourth day, erasing its monthly losses against the US dollar, as the positive outcome of the second Greek vote boosted commodities and stocks, increasing appeal of higher-yielding currencies.(…)Read the rest of Stocks & Commodities Helps Loonie Erase Losses (115 words) Posted on Forex News. Read More Stocks dan Commodities Helps Loonie Erase Losses
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The Great Britain pound slipped today as the unexpected drop of the UK manufacturing PMI caused investors to trim their bet on an increase of interest rates by Britain’s central bank.(…)Read the rest of Slower Manufacturing Growth Makes Sterling Weaker (41 words) Posted on Forex News. Read More Slower Manufacturing Growth Makes Sterling Weaker
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The South Korean won climbed today to the highest level in almost three years, heading to the second weekly gain, after the government report showed that inflation grew with faster pace last month.(…)Read the rest of Higher South Korea’s Inflation Leads to Gains for Won (51 words) Posted on Forex News. Read More Higher South Koreas Inflation Leads to Gains for Won
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The Swiss franc dropped today against other most-traded currencies as signs of the global economic recovery and the positive changes with the debt situation in the Eurozone reduced demand for safer assets.(…)Read the rest of No Need for Safety, Franc Becomes Less Attractive (125 words) Posted on Forex News. Read More No Need for Safety, Franc Becomes Less Attractive
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The Canadian dollar jumped today, ending this week without losses against its US counterpart, as risk appetite, caused by the improvement of the Greek situation, spurred demand for higher-yielding currencies.(…)Read the rest of Canadian Dollar Jumps, Ending Very Good Week (109 words) Posted on Forex News. Read More Canadian Dollar Jumps, Ending Very Good Week
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