Day: March 11, 2010

March 11
2010

USD Consolidates on Improved Trade Balance

EUR/USD is currently showing a perfect Doji candlestick patter on the chart as the traders reacted to the improved trade balance deficit of the United States. Meanwhile, the jobless claims remained near the same level as a week before, leaving the Forex traders no real guidance for the short-term future. EUR/USD is now trading near 1.3659. Trade balance deficit decreased from $39.9 billion to $37.3 billion, as the imports fell faster than the exports. Markets […]

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March 11
2010

NZ Dollar Down on Rates Dovish Comments

After gaining for two consecutive days versus important currencies like the euro and the U.S. dollar, the kiwi currency didn’t manage to sustain its trend after central bankers in the country affirmed that lack of economic improvements in the South Pacific nation will delay interest rate hikes. A reasonably high amount of optimism had been influencing currencies tied to growth to advanced in currency markets until this Wednesday, but as markets opened […]

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March 11
2010

Yen Reverts Losing Trend on Domestic Speculations

The yen started this Thursday’s session in Asia gaining versus currencies regionally and globally, on speculations that local investors are repatriating capital before the Japanese fiscal year ends in the following weeks. Speculations that Japanese exporters are buying the national currency before the fiscal year end in Japan allowed the yen to gain versus virtually all of the 16 main traded currencies in the beginning of the Asian session this Thursday, after general […]

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