Forex news

The Greek finance minister is making the first step towards Greek default. You can call it restructuring or extension of payments, but it doesn’t change the bottom line – Greece …

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ECB members can deny and warn against the consequences of a Greek default, but the wheels are already in motion. There are signs that the European Union is working quietly …

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Canada’s economy shrinks  in February by 0.2%. Early expectations stood on 0% after two strong months of growth. USD/CAD rises, erasing the previous falls. USD/CAD now trades at 0.9510, up …

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EUR/USD moves towards the high end of the range, as European inflation exceeds expectations, and Bernanke’s weight is still felt on the dollar. Here’s a quick update on technicals, fundamentals …

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The initial release of GDP for the first quarter of 2011 shows very weak growth of 1.8% at an annual rate. Early expectations stood on 1.9%. In addition, the weekly …

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Ben Bernanke said that when QE2 ends, the Federal Reserve will continue reinvesting maturing assets. Stopping to reinvest and letting the balance sheet shrink, is a separate decision that will …

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The FOMC Statement contains no surprises. There’s no mention of what will happen after QE2 ends. Without a clear commitment to stop printing dollars, the greenback slides against other currencies, …

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The British economy is still struggling and grew by only 0.5% in the first quarter of 2011. This is within the official expectations for a growth rate of 0.5%, but …

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EUR/USD broke above the 1.47 resistance level in the early hours of the Asian session. The dollar also loses ground to other currencies, in an unusual move that could provide …

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The Greek default is getting closer. German chancellor Angela Merkel is beginning to prepare the public for a default in Greece, as multiple issues mount on the debt laden country. …

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