| 2008-05-01 03:59:07 | US Dollar Recovery Short Lived as Fed Cuts 25bp | DailyFX |
The US dollar slid across all of its major counterparts as the Fed cut another 25bp and gave a murky outlook for future policy shifts. As a result, the...
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| 2008-05-01 02:10:14 | Weaker Economic Data Drags Japanese Yen Lower | DailyFX |
The Japanese Yen sold off against all of the major currencies except for the US dollar.
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| 2008-05-01 02:08:53 | British Pound Rallies Despite Weaker Economic Data | DailyFX |
Like the Eurozone, UK economic data continued to weaken, but that has not stopped the British pound from staging a very strong rally.
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| 2008-05-01 02:06:36 | Canadian, Australian and New Zealand Dollars Recover | DailyFX |
The Canadian, Australian and New Zealand dollars have all recovered against the greenback.
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| 2008-05-01 01:59:25 | For Dollar Bulls, the Federal Reserve Fails to Deliver | DailyFX |
- Eurozone Data Continues to Miss - British Pound Rallies Despite Weaker Economic Data
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| 2008-05-01 00:15:43 | Forex Video | DailyFX |
See the article...
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| 2008-04-30 23:48:47 | Euro / Yen Sets Up For Bears...Again | DailyFX |
See the article...
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| 2008-04-30 23:48:00 | Fed Is Ready to Watch and Wait | FxStreet |
Fed Is Ready to Watch and Wait The Federal Reserve lowered the federal funds rate 25 bps to 2.00% and reduced the discount rate 25 bps to 2.25%. The Fed is ready to watch and wait. There were broad hints than the June24-25 meeting is likely to close with no change in the federal funds rate. Fed Presidents Plosser and Fisher dissented again and would have preferred to leave the federal funds rate at 2.25%. With respect to economic growth the FOMC policy statement now reads as “[r]ecent
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| 2008-04-30 23:42:44 | Dollar Falls after Fed Cuts Rates 25 Basis Points and Signals Pause | FxStreet |
Dollar Falls after Fed Cuts Rates 25 Basis Points and Signals Pause The dollar fell against most major currencies on Wednesday after the Federal Reserve cut interest rates 25 basis points and said “[t]he substantial easing of monetary policy to date, combined with ongoing measures to foster market liquidity, should help to promote moderate growth over time.” The Fed’s statement indicates that the Fed now sees more balanced risks to the US economy. The Fed cited both downside risks to the
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| 2008-04-30 23:23:54 | US Session Performance | FxStreet |
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| 2008-04-30 23:18:26 | About the Canadian dollar | FxStreet |
With the data now at hand, I perceive that the Canadian dollar has a very good chance to turn significantly weaker versus the US dollar. I see that process starting soon, and then unfolding impulsively over several months. Early next week I'll briefly document the premises of such a perception.
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| 2008-04-30 23:18:26 | About the Canadian dollar | FxStreet |
With the data now at hand, I perceive that the Canadian dollar has a very good chance to turn significantly weaker versus the US dollar. I see that process starting soon, and then unfolding impulsively over several months. Early next week I'll briefly document the premises of such a perception.
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| 2008-04-30 23:16:18 | FOMC Cuts, Outlook Unclear | FxStreet |
4/30/2008 3:20 PM: EUR/$..1.5616 $/JPY..103.90 GBP/$..1.9880 $/CHF..1.0359 AUD/$..0.9446 $/CAD..1.0058 FOMC Cuts, Outlook Unclear The dollar was mixed following the FOMC’s announcement to cut rates by 25-basis points to 2.0%. The Fed reiterated that economic activity remains weak, while “household and business spending has been subdued and labor markets have softened further”. The Fed expects lingering tight credit conditions and the “deepening housing contraction” to weigh on growth over the
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| 2008-04-30 23:12:28 | New York Session | FxStreet |
The USD fell off its perch today as the Fed voted to cut rates by an additional 25 bps to 2.00%, and signaled that additional rate cuts would be made as needed, largely fulfilling the markets expectation of a 'one and done' move from the Fed. However, the Fed's economic assessment pointed to ongoing US weakness, noting that economic activity remains ''weak'' and that labor markets have ''softened further.'' The overriding impression is that the US downturn will be longer and deeper
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| 2008-04-30 22:59:51 | Dollar Remains In A Quiet Range In Asian Trading | ActionForex |
Once again Euro-Yen could well provide the clue here. While the pullback yesterday was higher than I had anticipated I still find the bullish scenario very difficult to fit into the larger picture. In fact the downside looks more and more likely to reach the 160.20 area.
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| 2008-04-30 22:33:29 | US Markets for Thursday, May 1 | FxStreet |
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| 2008-04-30 22:18:07 | FOMC Cuts Rates By 25bps to 2.00%, Signals Pause In June | DailyFX |
As expected, the Federal Open Market Committee cut the fed funds rate by 25bps to 2.00 percent - the lowest since November 2004 - which brings the grand...
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| 2008-04-30 22:16:36 | Asian Market Update | ActionForex |
Australia's building approvals data paint a grim picture: (AU MARCH BUILDING APPROVALS MOM: -5.7% V -1.0% expected, -0.8% prior; YOY: -0.7% V -1.6% prior) Lehman Brothers chief economist Stephen Roberts said the small recovery in building approvals in the second half of 2007 had now been wiped out, which made...
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| 2008-04-30 22:06:43 | Pro FX Commentary: USDCAD | ActionForex |
The 76.4% retracement at 1.0040 was tested yesterday and held. This could still be a Wave ^b within a triangle or it could be a deep retracement within a move higher. A triangle would imply resistance around the 1.0187 area. Thus a clean break above here would extend gains back...
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| 2008-04-30 21:58:19 | Daily Technical Analysis | ActionForex |
Yesterday EURUSD made a minor recovery after suffered sharp losses from 23/04/2008. But this recovery may means something significant from technical view. The pair bottomed at 1.5516. On daily chart, this fact is seen as a double bottom formation with 03/04/2008 low at 1.5510 (see Chart #1). This fact become...
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