December 9th, 2009 08:27:19 GMT

USD/JPY on the move again

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And thankfully it’s still falling. This looks like a pure USD move with the greenback also falling against the other majors. Gold has reclaimed about 1/3 of the losses it made during the Asian session, currently at $1136 after closing … Continue reading

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December 9th, 2009 07:27:57 GMT

EUR caught squarely in cross-fire

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Sorry for using the same analogy so frequently but that’s exactly what’s happening. Cable selling is putting pressure on EUR/USD but EUR/GBP buying is countering that. USD/JPY selling is undermining the USD component of EUR/USD but EUR/JPY selling is off-setting … Continue reading

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December 8th, 2009 09:33:45 GMT

UK industrial output slightly weaker than expected

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Industrial output was unchanged MoM whilst the market generally expected a small rise. This equates to an 8.4% fall, YoY. Sterling is slightly weaker but still sitting on s/t support levels against both the EUR and the JPY.

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