European stocks remain sharply lower after E.Z. data; Dax down 0.65%

European stocks remained sharply lower on Friday, after the release of downbeat euro zone data added to concerns over the outlook for growth in the single currency bloc, while markets eyed U.S. data to be published later in the day.  During European afternoon trade,...

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Forex - EUR/USD pushes lower on euro zone worries

The euro pushed lower against the U.S. dollar on Friday, as the release of disappointing euro zone data sparked fresh concerns over the outlook for growth in the single currency bloc.  EUR/USD hit 1.2969 during European afternoon trade, the session low; the pair...

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Forex - GBP/USD holds steady in cautious trade

The pound held steady against the U.S. dollar on Friday, as markets awaited the release of U.S. economic reports later in the day, while fresh concerns over the financial situation in the euro zone weighed on market sentiment.  GBP/USD hit 1.5186 during European...

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US Pending Home Sales Disappoint with +0.3% – EUR/USD Extends Gains

US pending home sales rose by only 0.3% in April 2013. They were expected to rise by a steady 1.3% after last month’s 1.5% rise. Year on year, there is a 10.3% rise, contrary to 12.8% that was expected. There was no revision to the data from the previous month. EUR/USD made...

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Forex - USD/JPY edges higher but gains limited

The U.S. dollar edged higher against the yen on Friday, but gains were limited as the previous day's weak U.S. data lessened expectations for the Federal Reserve to unwind its stimulus program in the near future.  USD/JPY hit 101.28 during early European trade,...

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Forex Trading Signal for 30 May 2013

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Forex Trading Signal for 31st May 2013

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Forex - EUR/USD steady, focus on upcoming data

The euro was steady against the U.S. dollar on Friday, trading near three-week highs despite disappointing German data, as markets eyed the release of additional economic reports later in the day. EUR/USD hit 1.3032 during late Asian trade, the session low; the pair...

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European stocks mixed to higher, eyes on U.S. data; Dax down 0.07%

European stocks were mixed to higher on Thursday, although expectations for the Federal Reserve to scale back its bond-buying program continued to weigh.  During European morning trade, the EURO STOXX 50 edged up 0.09%, France’s CAC 40 rose 0.26%, while Germany’s DAX...

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German CPI accelerates to 1.5% in May

Consumer price inflation in Germany accelerated more-than-expected in May, official preliminary data showed on Wednesday. In a report, the German Federal Statistics Bureau said consumer price inflation accelerated at an annualized rate of 1.5% in May, above expectations for...

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U.S stocks end higher on surging confidence data; Dow gains 0.69%

U.S. stocks shot up on Tuesday after industry data revealed the U.S. consumer confidence rose to a level not seen since February of 2008.  Rising home prices also sent stocks soaring  At the close of U.S. trading, the Dow Jones Industrial Average finished up 0.69%,...

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Forex Trading Signal for 29 May 2013

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EUR/USD May 27 – Steady after Solid US, German Numbers Wrap Up Week

continues where it ended last week, trading in the mid-1.29 range. The week ended on a high note, as both US and German numbers beat expectations. GfK German Consumer Climate posted a multi-year high, and German Ifo Business Climate easily beat the estimate....

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