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  • Sterling Well Bid on Overnight Data Strongerly
    By admin on August 18th, 2009 | No Comments Comments
    Some better than expected data overnight has helped to re-infuse risk inclination  with currencies showing bid on the day thus far. UK CPI surprised to the upside, holding steady at 1.8% after analysts had been looking for a drop to 1.5%, while German and Eurozone ZEW came in stronger than consensus estimates. Looking to sell the Euro on an intrad...
  • Forex -> Main Focus on US
    By admin on August 8th, 2009 | No Comments Comments
    After adding a further 50 billion GBP quantitative easing by the BOE the main focus of yesterday was the sell off in sterling across the board as the market looked as this as a negative for the currency. New York trading was subdued ahead of today’s NFP data which will give further direction for the currency. The Governing Council does not yet se...

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