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Thursday, September 27, 2012

DailyFX - Forex Market News

DailyFX - Forex Market News


EURUSD: Trading the U.S. Durable Goods Orders Report

Posted: 26 Sep 2012 11:00 PM PDT

Demands for U.S. durable goods are expected to contract for the first time since April, and a marked decline in private consumption may trigger a selloff in the dollar as it dampens the outlook for the world’s largest economy.

Dollar Rally Curbed Again by 1.2825 Support for EURUSD

Posted: 26 Sep 2012 09:36 PM PDT

US equity markets – a favored benchmark for investor sentiment – extended a critical break lower through this past session, and volatility measures advanced to three week highs. Furthermore, investors’ go-to capital harbor 10-year Treasury note extended…

Guest Commentary: Standard and Poor’s Critique of the Swiss National Bank

Posted: 26 Sep 2012 10:00 AM PDT

Last Thursday Thomas Moser, a member of the Swiss National Bank (SNB) governing council, said that one of the main reasons for the strong franc is the conversion of Swiss foreign incomes into francs.

Guest Commentary: Gold and Silver Outlook 09.26.2012

Posted: 26 Sep 2012 09:50 AM PDT

The prices gold and silver remained nearly unchanged yesterday and thus they have both continued their unclear trend from last week. Yesterday, President of Federal Bank of Philadelphia commented on the recent decision of the FOMC to launch QE3. He voiced his concern that this plan may not help rally the U.S economy.

USD Index Threatens Bearish Trend, Fed Policy Under Scrutiny

Posted: 26 Sep 2012 08:05 AM PDT

The greenback continued to gain ground on Wednesday, with the Dow Jones-FXCM U.S. Dollar Index advancing to a high of 9,873, and the reserve currency may appreciate further during the North American trade as market sentiment falters.

Euro To Slide Further As Spain Remains At Risk- ECB Under Fire

Posted: 26 Sep 2012 06:15 AM PDT

The Euro extended the decline from earlier this week amid the negative headlines surrounding Spain, and the single currency may face additional headwinds over the remainder of the week as European policy makers struggle to restore investor confidence.
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