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Canadian Dollar Falls on Potential Disagreement About EU Bailout Fund

The Canadian dollar dropped today as the speculation that the rescue fund of the European Union won’t be boosted, making traders unwilling to buy currencies with higher potential yield, but also with higher risk.(…)Read the rest of Canadian Dollar Falls on Potential Disagreement About EU Bailout Fund (143 words) Posted on Forex News. Read More Canadian Dollar Falls on Potential Disagreement About […]

Eurozone Leaders Reconcile on Rescue Plan Euro Choppy

An apparent split between France and Germany on the subject of the EFSF has been causing problems in getting a deal done to contain the sovereign debt crisis. However, eurozone leaders are now saying that the two countries are in full agreement. The euro is a bit choppy today, on all the conflicting reports. (…)Read the rest of Eurozone Leaders Reconcile on Rescue Plan; Euro Choppy (145 words) Posted on Forex […]

Hopes for Euro Resolution Diminish Dollar Climbs as Sentiment Turns

News that German Chancellor Angela Merkel had cancelled a planned statement regarding this weekend’s EU summit slammed risk appetite with the euro sliding early in the session. Subsequently the dollar has gone on the offensive as investors seek haven. Read More Hopes for Euro Resolution Diminish Dollar Climbs as Sentiment Turns

Franc Finds Strength in Fears of European Crisis

The Swiss franc gained today as many traders remained unconvinced about ability of the European leaders to find a cure for the region’s failing economy, driving Forex market participants to the perceived safety of the Swiss currency.(…)Read the rest of Franc Finds Strength in Fears of European Crisis (87 words) Posted on Forex News. Read More Franc Finds Strength in Fears of European Crisis

Long EUR AUD on Push Above Moving Average Confluence Zone

The AUD/USD and EUR/USD have moved in near-lockstep the past few weeks, suggesting that risk-appetite is building. However, the EUR/AUD cross offers a very different story. Read More Long EUR AUD on Push Above Moving Average Confluence Zone

South Korean Won Drops as Traders Leave Asian Currencies

The South Korean won weakened today as Forex traders shun the currencies of emerging markets because of worries about the effect of the crisis in Europe on the global economy.(…)Read the rest of South Korean Won Drops as Traders Leave Asian Currencies (56 words) Posted on Forex News. Read More South Korean Won Drops as Traders Leave Asian Currencies

Gold Declines and AUD USD to Follow

Can further gold declines lead to AUD/USD lows ? Read More Gold Declines and AUD USD to Follow

Japanese Yen Lower Japan Considers Quake Bonds

Japanese yen is heading lower today as traders focus on good earnings in the US. It appears as though a eurozone solution is, yet again, being put off. However, traders are still look for yields, and the yen is lower as a result. (…)Read the rest of Japanese Yen Lower; Japan Considers Quake Bonds (150 words) Posted on Forex News. Read More Japanese Yen Lower Japan […]

USD CAD Trading Canadadan146s Consumer Price Report

Canada’s headline reading for inflation is expected to hold steady in September, and the consumer price report may weigh on the exchange rate as easing price pressures dampen the prospects for higher interest rates. Read More USD CAD Trading Canadadan146s Consumer Price Report

Buy the Dip and Sell the Rally

How to Enter a Trade at a More Favorable Price Read More Buy the Dip and Sell the Rally