The AUD/USD brace fell hard for most of the session as the “jeopardy off” trade was the main theme for the day. However, in the delayed hours the Americans decided to take the words of the French and Italians as a waive that Eurobonds are coming. This is a problem though, as the Germans are against it, as well as the Finns, Dutch, and Austrians. Speculate who would have to back those large bonds? Yep, the ones who oppose it. It’s natural for those that need money to agree that they should have their neighbors cosign for the allow. This only drives home the point on how the European Seam should have at least two currencies.
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Forex Exchange Morning Report
AUD/USD and NZD/USD opinion next 24 hours: AUD resistance levels have been successively nudged higher, and there's no direct sign a major peak has been
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Forex: Better U.S. Data and Less Pessimism From Bernanke Fuels Risk Rally
Currencies and equities started the month of August on a incisive footing with pairs like the EUR/USD, GBP/USD and AUD/USD climbing to fresh multi-month highs
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Forex: AUD/USD falls below 0.9100 on weak building permits AUD/USD strike down from the 0.9120 area instantly to 0.9100. However the pair continued to steal toward the 0.9090 area where it is currently struggling to hold, |