EUR/USD Feb. 28 – Breaks to 2 month high above 1.38 on strong inflation numbers

EUR/USD is screaming higher after stronger than expected inflation numbers. CPI is at 0.8% and core CPI at 1%. Strong German numbers gave the euro early support, but reports about a Russian invasion of the Crimea peninsula weigh. As implications for the ECB decision...

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Dollar broadly lower vs. rivals after positive euro zone data

The dollar was broadly lower against the other major currencies on Friday, as the release of positive euro zone economic reports supported demand for the single currency, while demand for the greenback remained under ahead of a report on economic growth in the U.S. Dollar...

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Forex - USD/JPY falls to 2-week lows after Japan data

The U.S. dollar fell to two-week lows against the yen on Friday, after the release of positive economic reports from Japan, while markets awaited upcoming U.S. economic growth data for more information on the strength of the country's recovery. Dollar declines against yen...

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General Motors India Announces Leadership Change

By Arjun Kashyap - General Motors India has appointed industry veteran Arvind Saxena to succeed Lowell Paddock as president and managing director of GM India, the company announced in a statement Friday. Saxena, who will join GM from Volkswagen...

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Forex - China yuan falls to lowest in a year, state banks buy dollars

The Chinese yuan fell to its lowest level in nearly a year on Friday on dollar purchases by big state banks ahead of next week's annual National People's Congress gathering. The yuan was last down 0.65% at 6.1637 against the U.S. dollar, the lowest since April last year...

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Forex Trading Signal for 28th Feburary 2014

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Forex - GBP/USD holds steady amid Ukraine events, Yellen speech

The pound held steady against the U.S. dollar on Thursday, as concerns over the outcome of political turmoil in Ukraine continued to weigh on market sentiment, while investors followed comments by Federal Reserve Chairwoman Janet Yellen. Cable was likely to find support at...

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U.S. stocks edge higher, eyes on Yellen testimony; Dow Jones up 0.06%

U.S. stocks opened moderately higher on Thursday, after the release of disappointing U.S. economic reports and as investors eyed Federal Reserve Chairwoman Janet Yellen's testimony later in the day. U.S. equities open moderately higher ahead of Yellen speech During...

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Forex Trading Signal for 27th Feburary 2014

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Forex - GBP/USD touches session highs after U.K. GDP

The pound touched session highs against the dollar on Wednesday after data confirmed that the rate of fourth quarter economic growth in the U.K. was unrevised at 0.7%, but the annual rate of growth was revised slightly lower. Pound edges higher against dollar after U.K. GDP...

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Forex Trading Signal for 26th Feburary 2014

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GBP/USD Outlook Feb. 24-28

GBP/USD reversed directions last week, shedding about 150 points. The pair closed the week slightly above the 1.66 line. This week’s highlight is Second Estimate GDP. Here is an outlook for the main events moving the pound, and an updated technical analysis...

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