TOP 100 FOREX SITES
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| British Pound Pares Gains as Consumer Credit Falters, Euro Weakens as Unemployment Hits 10-Year High (Daily FX) The British pound failed to push back above the 50-Day moving averaged and pared the overnight advance following the unexpected drop in consumer credit, and the GBP/USD may continue to retrace the advance from earlier this year as the prospects for a sustainable recovery remains uncertain. us.rd.yahoo.com |
Rocketing exchange rate not all bad for exporters It might be cold comfort to exporters looking at a resurgent kiwi dollar right now, but research by Westpac economists shows the exchange rate over time has done more buffering than buffeting for commodity producers.The New Zealand... nzherald.co.nz |
Exxon's Tillerson: weak dollar adds $25 to oil (AP) A weakening U.S. dollar has added between $20 and $25 a barrel to the price of oil, creating a "disconnection" between the price and supply and demand levels, ExxonMobil Corp. Chief Executive Rex Tillerson said Friday. us.rd.yahoo.com |
U.K. and German Industrial Porduction Miss Estimates Raising Growth Concerns (Daily FX) German Industrial production in October unexpectedly fell by 1.8% following three straight months of positive gains. The drop in activity follows a 3.1% improvement in September as manufacturing and mining contracted by 1.6%. us.rd.yahoo.com |
A Range Bound USD/CHF Offers Scalping Opportunity (Daily FX) The USD/CHF has settled into a 50 pip range over the past few days, despite volatile equity markets. The pair which had been highly negatively correlated with risk is starting to see that relationship waver as yields start to diverge globally. us.rd.yahoo.com |