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(GS)\u003C\/b\u003E and \u003Cb\u003EBank of America Corp.\u003C\/b\u003E (BAC) are among Wall Street firms that offered deals to help \u003Cb\u003EVenezuela\u003C\/b\u003E obtain \u003Cb\u003EU.S.\u003C\/b\u003E dollars amid a \u003Cb\u003Eplunge\u003C\/b\u003E in the nation’s foreign reserves. \u003Cbr \/\u003E\u003Cbr \/\u003EA swap proposed by Goldman Sachs would provide $1.68 billion in cash and be backed by $1.85 billion of the central bank’s gold, documents obtained by Bloomberg News show. Bank of America said it could be an intermediary for $3 billion in payments to firms seeking U.S. dollars, documents show. Neither deal has been completed, a government official with direct knowledge of the matter said, requesting anonymity because the talks are private. \u003Cbr \/\u003E\u003Cbr \/\u003E\u003Cdiv class=\"separator\" style=\"clear: both; text-align: center;\"\u003E\u003Ca href=\"http:\/\/1.bp.blogspot.com\/-jOGe9bJ5ncw\/UpcB3fBXrFI\/AAAAAAAAAL8\/8rU0CNWw2dk\/s1600\/i8eysL6NDJuk.jpg\" imageanchor=\"1\" style=\"clear: left; float: left; margin-bottom: 1em; margin-right: 1em;\"\u003E\u003Cimg border=\"0\" src=\"http:\/\/1.bp.blogspot.com\/-jOGe9bJ5ncw\/UpcB3fBXrFI\/AAAAAAAAAL8\/8rU0CNWw2dk\/s320\/i8eysL6NDJuk.jpg\" \/\u003E\u003C\/a\u003E\u003C\/div\u003EDollars are becoming scarce in Venezuela, limiting the supply of products from medicine to toilet paper in a nation that imports about three-quarters of goods it consumes. Foreign reserves dropped 28 percent this year, touching a nine-year low of $20.7 billion this month, largely because 70 percent of the assets are in gold. The metal plunged 26 percent in the period. \u003Cbr \/\u003E\u003Cbr \/\u003E“The fact you have dollar shortages is symptomatic of an economy that’s completely broken down,” Robert Abad, who helps oversee $53 billion in emerging-market debt at Western Asset Management Co., said yesterday in a telephone interview from Pasadena, California. \u003Cbr \/\u003E\u003Cbr \/\u003E“This is something that’s just incredibly unnecessary, very unfortunate, and the victim of all of this is the real economy, real people.” \u003C\/span\u003E\u003C\/div\u003E"},"link":[{"rel":"replies","type":"application/atom+xml","href":"http:\/\/allforexaffairs.blogspot.com\/feeds\/7666334230054766512\/comments\/default","title":"Post Comments"},{"rel":"replies","type":"text/html","href":"http:\/\/allforexaffairs.blogspot.com\/2013\/11\/goldman-to-bofa-pitch-venezuela-deals.html#comment-form","title":"20 Comments"},{"rel":"edit","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/996511900533644707\/posts\/default\/7666334230054766512"},{"rel":"self","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/996511900533644707\/posts\/default\/7666334230054766512"},{"rel":"alternate","type":"text/html","href":"http:\/\/allforexaffairs.blogspot.com\/2013\/11\/goldman-to-bofa-pitch-venezuela-deals.html","title":"Goldman to BofA Pitch Venezuela Deals to Drum Up Dollars"}],"author":[{"name":{"$t":"Jobz Corner"},"uri":{"$t":"http:\/\/www.blogger.com\/profile\/17270025105100797163"},"email":{"$t":"noreply@blogger.com"},"gd$image":{"rel":"http://schemas.google.com/g/2005#thumbnail","width":"16","height":"16","src":"https:\/\/img1.blogblog.com\/img\/b16-rounded.gif"}}],"media$thumbnail":{"xmlns$media":"http://search.yahoo.com/mrss/","url":"http:\/\/1.bp.blogspot.com\/-jOGe9bJ5ncw\/UpcB3fBXrFI\/AAAAAAAAAL8\/8rU0CNWw2dk\/s72-c\/i8eysL6NDJuk.jpg","height":"72","width":"72"},"thr$total":{"$t":"20"}},{"id":{"$t":"tag:blogger.com,1999:blog-996511900533644707.post-6266991471311102869"},"published":{"$t":"2013-11-28T04:30:00.000-08:00"},"updated":{"$t":"2013-11-28T04:30:02.375-08:00"},"category":[{"scheme":"http://www.blogger.com/atom/ns#","term":"Currencies"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Dollar News Update"}],"title":{"type":"text","$t":"Dollar Gains to 6-Month High on December Taper Bet"},"content":{"type":"html","$t":"\u003Cdiv dir=\"ltr\" style=\"text-align: left;\" trbidi=\"on\"\u003E\u003Cspan style=\"font-size: 15px;\"\u003EThe dollar rose to a six-month high against the yen as an unexpected drop in U.S. jobless claims and a rise in leading economic indicators added to speculation the \u003Cb\u003EFederal Reserve \u003C\/b\u003Emay start reducing stimulus next month. \u003Cbr \/\u003E\u003Cbr \/\u003EThe euro strengthened to a four-year high against the yen as German lawmakers reached a coalition accord on wages and spending increases without raising taxes, spurring demand for the region’s assets. The \u003Cb\u003EThai baht\u003C\/b\u003E fell after the central bank cut \u003Cb\u003Einterest rates,\u003C\/b\u003E  \u003Cbr \/\u003E\u003Cbr \/\u003Ewhile the Canadian dollar dropped as crude oil slipped for a fourth day. “The dollar is benefiting from a very small risk of taper in December,” \u003Cb\u003EOmer Esiner\u003C\/b\u003E, chief market analyst in Washington at the currency brokerage Commonwealth Foreign Exchange Inc., said in a phone interview. “I’m still a little skeptical about December tapering. Granted the FOMC meeting minutes was a bit more hawkish than expected, but if you just focus on what Bernanke and Yellen said, the most likely scenario is taper in the first quarter.” \u003Cbr \/\u003E\u003Cbr \/\u003EThe dollar gained 0.9 percent to 102.16 yen at 5 p.m. in \u003Cb\u003ENew York\u003C\/b\u003E and touched 102.19, the strongest level since May 29. It slipped 0.1 percent to $1.3579 against the common currency, having dropped as much as 0.3 percent earlier. The euro advanced 0.9 percent to 138.73 yen after touching 138.79, the highest since June 2009. \u003Cbr \/\u003E\u003Cbr \/\u003EThe Bloomberg \u003Cb\u003EU.S. Dollar\u003C\/b\u003E Index, which tracks the currency against 10 major counterparts, rose 0.3 percent to 1,021.55. \u003C\/span\u003E\u003C\/div\u003E"},"link":[{"rel":"replies","type":"application/atom+xml","href":"http:\/\/allforexaffairs.blogspot.com\/feeds\/6266991471311102869\/comments\/default","title":"Post Comments"},{"rel":"replies","type":"text/html","href":"http:\/\/allforexaffairs.blogspot.com\/2013\/11\/dollar-gains-to-6-month-high-on.html#comment-form","title":"7 Comments"},{"rel":"edit","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/996511900533644707\/posts\/default\/6266991471311102869"},{"rel":"self","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/996511900533644707\/posts\/default\/6266991471311102869"},{"rel":"alternate","type":"text/html","href":"http:\/\/allforexaffairs.blogspot.com\/2013\/11\/dollar-gains-to-6-month-high-on.html","title":"Dollar Gains to 6-Month High on December Taper Bet"}],"author":[{"name":{"$t":"Jobz Corner"},"uri":{"$t":"http:\/\/www.blogger.com\/profile\/17270025105100797163"},"email":{"$t":"noreply@blogger.com"},"gd$image":{"rel":"http://schemas.google.com/g/2005#thumbnail","width":"16","height":"16","src":"https:\/\/img1.blogblog.com\/img\/b16-rounded.gif"}}],"thr$total":{"$t":"7"}},{"id":{"$t":"tag:blogger.com,1999:blog-996511900533644707.post-2781643149389016474"},"published":{"$t":"2013-11-28T04:00:00.000-08:00"},"updated":{"$t":"2013-11-28T04:00:07.267-08:00"},"category":[{"scheme":"http://www.blogger.com/atom/ns#","term":"Dollar News Update"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Forex News"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Trading"}],"title":{"type":"text","$t":"Swiss Economy Grows More Than Forecast on Better Exports"},"content":{"type":"html","$t":"\u003Cdiv dir=\"ltr\" style=\"text-align: left;\" trbidi=\"on\"\u003E\u003Cspan style=\"font-size: 15px;\"\u003ESwitzerland’s economy expanded more than economists expected in the third quarter, with exports helping it perform better than neighboring Germany. \u003Cbr \/\u003E\u003Cbr \/\u003E\u003Cb\u003ESwiss gross domestic product\u003C\/b\u003E rose 0.5 percent in the three months through September from the second quarter, when it expanded by the same amount, the Secretariat for Economic Affairs in Bern said in a statement today. That beats the 0.4 percent \u003Cb\u003Emedian estimate\u003C\/b\u003E in a Bloomberg survey of 19 economists. \u003Cbr \/\u003E\u003Cbr \/\u003E\u003C\/span\u003E\u003Cbr \/\u003E\u003Cdiv class=\"separator\" style=\"clear: both; text-align: center;\"\u003E\u003Cspan style=\"font-size: 15px;\"\u003E\u003Ca href=\"http:\/\/2.bp.blogspot.com\/-3es3YGIdMGM\/Upb-nvRXV9I\/AAAAAAAAALw\/7dnNMZ7smVs\/s1600\/iTGzLseGkitc.jpg\" imageanchor=\"1\" style=\"clear: left; float: left; margin-bottom: 1em; margin-right: 1em;\"\u003E\u003Cimg border=\"0\" src=\"http:\/\/2.bp.blogspot.com\/-3es3YGIdMGM\/Upb-nvRXV9I\/AAAAAAAAALw\/7dnNMZ7smVs\/s320\/iTGzLseGkitc.jpg\" \/\u003E\u003C\/a\u003E\u003C\/span\u003E\u003C\/div\u003E\u003Cspan style=\"font-size: 15px;\"\u003EThe \u003Cb\u003ESwiss National Bank (SNBN)\u003C\/b\u003E set a cap on the franc of 1.20 per in September 2011, citing the risk of deflation and a recession. Since then, the Swiss economy has seen a single quarter of contraction, while the debt-plagued euro area only emerged from an 18-month slump in the middle of this year. \u003Cbr \/\u003E\u003Cbr \/\u003EIf the SNB were to tighten monetary policy reflecting better growth, “it would have immediate negative domestic effects,” said Christian Lips, an economist at NordLB in Hanover. “Looking forward, neither the cap nor the rates can be changed before year-end 2014,” given weak growth in the neighboring euro area, Switzerland’s top trading partner, he said. \u003Cbr \/\u003E\u003Cbr \/\u003EThe franc, which has slipped two percent against the euro since the start of the year as the bloc’s debt crisis has waned, was trading unchanged at 1.2324 per euro at 8:43 a.m. in Zurich, off an intra-day high of 1.2321. \u003C\/span\u003E\u003C\/div\u003E"},"link":[{"rel":"replies","type":"application/atom+xml","href":"http:\/\/allforexaffairs.blogspot.com\/feeds\/2781643149389016474\/comments\/default","title":"Post Comments"},{"rel":"replies","type":"text/html","href":"http:\/\/allforexaffairs.blogspot.com\/2013\/11\/swiss-economy-grows-more-than-forecast.html#comment-form","title":"3 Comments"},{"rel":"edit","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/996511900533644707\/posts\/default\/2781643149389016474"},{"rel":"self","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/996511900533644707\/posts\/default\/2781643149389016474"},{"rel":"alternate","type":"text/html","href":"http:\/\/allforexaffairs.blogspot.com\/2013\/11\/swiss-economy-grows-more-than-forecast.html","title":"Swiss Economy Grows More Than Forecast on Better Exports"}],"author":[{"name":{"$t":"Jobz Corner"},"uri":{"$t":"http:\/\/www.blogger.com\/profile\/17270025105100797163"},"email":{"$t":"noreply@blogger.com"},"gd$image":{"rel":"http://schemas.google.com/g/2005#thumbnail","width":"16","height":"16","src":"https:\/\/img1.blogblog.com\/img\/b16-rounded.gif"}}],"media$thumbnail":{"xmlns$media":"http://search.yahoo.com/mrss/","url":"http:\/\/2.bp.blogspot.com\/-3es3YGIdMGM\/Upb-nvRXV9I\/AAAAAAAAALw\/7dnNMZ7smVs\/s72-c\/iTGzLseGkitc.jpg","height":"72","width":"72"},"thr$total":{"$t":"3"}},{"id":{"$t":"tag:blogger.com,1999:blog-996511900533644707.post-5648007118397159908"},"published":{"$t":"2013-11-28T03:00:00.000-08:00"},"updated":{"$t":"2013-11-28T03:00:03.541-08:00"},"category":[{"scheme":"http://www.blogger.com/atom/ns#","term":"Currencies"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Dollar News Update"}],"title":{"type":"text","$t":"Canada Dollar Falls to Weakest Since July as Crude Oil Declines"},"content":{"type":"html","$t":"\u003Cdiv dir=\"ltr\" style=\"text-align: left;\" trbidi=\"on\"\u003E\u003Cspan style=\"font-size: 15px;\"\u003EThe Canadian Dollar touched the weakest level against its U.S. counterpart since July as the price of crude oil, the nation’s biggest export, declined for a fourth day. \u003Cbr \/\u003E\u003Cbr \/\u003EThe currency weakened as futures of crude oil fell 1.4 percent to $92.39 per barrel in New York. So-called commodity currencies, which include Canada’s and the Australian and New Zealand dollars also declined. Yields on \u003Cb\u003ETreasury (USGG10YR)\u003C\/b\u003E 10-year notes have increased to 19 basis points more than Canadian debt, from negative nine basis points in January, amid speculation that U.S. policy makers will reduce monetary stimulus earlier than Canadian officials. \u003Cbr \/\u003E\u003Cbr \/\u003EThe market thinks “the Bank of Canada will lag the Fed in taking away the easier policy,” Ken Dickson, an Edinburgh-based director for foreign exchange at Standard Life  \u003Cbr \/\u003E\u003Cbr \/\u003EInvestments Ltd., which oversees about $291 billion, said in a phone interview. “On that relative basis, we think that will favor the dollar against the Canadian dollar through 2014.” \u003Cbr \/\u003E\u003Cbr \/\u003EThe loonie, as the Canadian dollar is known for the image of the aquatic bird on the C$1 coin, fell 0.5 percent to C$1.0595 per U.S. dollar at 5:00 p.m. in Toronto, after reaching C$1.0603. One loonie buys 94.38 U.S. cents. \u003Cbr \/\u003E\u003Cbr \/\u003E\u003Cb\u003EBond Trade\u003C\/b\u003E\u003Cbr \/\u003E\u003Cbr \/\u003EThe nation’s benchmark 10-year government bonds fell, pushing yields up three basis points to 2.55 percent. The price of the 1.5 percent securities maturing in June 2023 declined 20 cents to C$91.23. \u003Cbr \/\u003E\u003Cbr \/\u003EBlackRock Inc., the world’s biggest asset manager, is recommending Canadian investors bet on a widening gap between short- and long-term debt in anticipation of less U.S. monetary stimulus next year. \u003Cbr \/\u003E\u003Cbr \/\u003ECanadian debt maturing in one to three years returned 0.9 percent since May through Nov. 25, compared with losses of 5 percent for bonds with maturities of 10 to 15 years, Bank of America Merrill Lynch index data show. \u003Cbr \/\u003E\u003Cbr \/\u003EInvestors should bet against the Canadian currency versus the U.S. dollar, in what Goldman Sachs Group Inc. analysts in a client note called their third top-trade recommendation for 2014. \u003Cbr \/\u003E\u003Cbr \/\u003EThe Canadian dollar has lost 3.3 percent this year against nine developed-market peers tracked by the Bloomberg Correlation-Weighted Index. The U.S. dollar is up 4 percent, while the Australian currency fell 11 percent. \u003Cbr \/\u003E\u003Cbr \/\u003E“We’ve seen steady interbank buying of dollar-Canada since today’s open and that appears to be what has pushed us up here,” said George Davis, chief technical analyst for fixed-income and currency strategy in Toronto at Royal Bank of Canada. “Oil also under pressure, which is not helping.” \u003C\/span\u003E\u003C\/div\u003E"},"link":[{"rel":"replies","type":"application/atom+xml","href":"http:\/\/allforexaffairs.blogspot.com\/feeds\/5648007118397159908\/comments\/default","title":"Post Comments"},{"rel":"replies","type":"text/html","href":"http:\/\/allforexaffairs.blogspot.com\/2013\/11\/canada-dollar-falls-to-weakest-since.html#comment-form","title":"4 Comments"},{"rel":"edit","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/996511900533644707\/posts\/default\/5648007118397159908"},{"rel":"self","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/996511900533644707\/posts\/default\/5648007118397159908"},{"rel":"alternate","type":"text/html","href":"http:\/\/allforexaffairs.blogspot.com\/2013\/11\/canada-dollar-falls-to-weakest-since.html","title":"Canada Dollar Falls to Weakest Since July as Crude Oil Declines"}],"author":[{"name":{"$t":"Jobz Corner"},"uri":{"$t":"http:\/\/www.blogger.com\/profile\/17270025105100797163"},"email":{"$t":"noreply@blogger.com"},"gd$image":{"rel":"http://schemas.google.com/g/2005#thumbnail","width":"16","height":"16","src":"https:\/\/img1.blogblog.com\/img\/b16-rounded.gif"}}],"thr$total":{"$t":"4"}},{"id":{"$t":"tag:blogger.com,1999:blog-996511900533644707.post-16264117154497027"},"published":{"$t":"2013-11-28T02:00:00.000-08:00"},"updated":{"$t":"2013-11-28T02:00:01.011-08:00"},"category":[{"scheme":"http://www.blogger.com/atom/ns#","term":"Currencies"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Dollar News Update"}],"title":{"type":"text","$t":"Dollar Reaches Six-Month High as Improving Economy Boosts Allure"},"content":{"type":"html","$t":"\u003Cdiv dir=\"ltr\" style=\"text-align: left;\" trbidi=\"on\"\u003E\u003Cspan style=\"font-size: 15px;\"\u003EThe dollar touched a six-month high against the yen after signs of improvement in the world’s largest economy boosted the allure of U.S. assets. \u003Cbr \/\u003E\u003Cbr \/\u003EThe Bloomberg U.S. Dollar Index was near a two-week high before data next week forecast to show U.S. manufacturing expanded for a sixth month. The euro retreated from a four-year high against the yen as technical indicators signaled its recent gains were excessive. The Australian dollar rallied from a two-month low after business investment unexpectedly grew. \u003Cbr \/\u003E\u003Cbr \/\u003E“A string of reasonably positive data in the U.S. is probably going to help the dollar via higher treasury yields,” said \u003Cb\u003EMichael Turner\u003C\/b\u003E, a debt and currency strategist at Royal Bank of Canada in Sydney. Yields on Japanese government bonds “have been falling fairly consistently for the past four or five months and that’s kept the yen fairly weak.” \u003Cbr \/\u003E\u003Cbr \/\u003EThe dollar was little changed at 102.13 yen as of 6:42 a.m. in \u003Cb\u003ELondon\u003C\/b\u003E from yesterday, after touching 102.28, the strongest level since May 29. It traded at $1.3583 against the euro from $1.3579. The shared currency was unchanged at 138.73 yen after touching 138.84, the highest since June 2009. \u003Cbr \/\u003E\u003Cbr \/\u003EThe Bloomberg U.S. Dollar Index, which tracks the currency against 10 major peers, declined 0.1 percent to 1,020.55. It rose 0.3 percent to 1,021.55 yesterday, the highest close since Nov. 12. \u003Cbr \/\u003E\u003Cbr \/\u003EThe benchmark U.S. 10-year yield gained three basis points, or 0.03 percentage point, to 2.74 percent yesterday. U.S. markets are closed for Thanksgiving holiday. Similar-dated Japanese \u003Cb\u003Egovernment bonds\u003C\/b\u003E yielded 0.60 percent today. \u003C\/span\u003E\u003C\/div\u003E"},"link":[{"rel":"replies","type":"application/atom+xml","href":"http:\/\/allforexaffairs.blogspot.com\/feeds\/16264117154497027\/comments\/default","title":"Post Comments"},{"rel":"replies","type":"text/html","href":"http:\/\/allforexaffairs.blogspot.com\/2013\/11\/dollar-reaches-six-month-high-as.html#comment-form","title":"2 Comments"},{"rel":"edit","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/996511900533644707\/posts\/default\/16264117154497027"},{"rel":"self","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/996511900533644707\/posts\/default\/16264117154497027"},{"rel":"alternate","type":"text/html","href":"http:\/\/allforexaffairs.blogspot.com\/2013\/11\/dollar-reaches-six-month-high-as.html","title":"Dollar Reaches Six-Month High as Improving Economy Boosts Allure"}],"author":[{"name":{"$t":"Jobz Corner"},"uri":{"$t":"http:\/\/www.blogger.com\/profile\/17270025105100797163"},"email":{"$t":"noreply@blogger.com"},"gd$image":{"rel":"http://schemas.google.com/g/2005#thumbnail","width":"16","height":"16","src":"https:\/\/img1.blogblog.com\/img\/b16-rounded.gif"}}],"thr$total":{"$t":"2"}},{"id":{"$t":"tag:blogger.com,1999:blog-996511900533644707.post-4827183168434316728"},"published":{"$t":"2013-11-27T23:44:00.001-08:00"},"updated":{"$t":"2013-11-27T23:45:29.518-08:00"},"category":[{"scheme":"http://www.blogger.com/atom/ns#","term":"Currencies"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Dollar News Update"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Forex News"}],"title":{"type":"text","$t":"EUR\/USD to remain neutral"},"content":{"type":"html","$t":"\u003Cdiv dir=\"ltr\" style=\"text-align: left;\" trbidi=\"on\"\u003E\u003Cspan style=\"font-size: 15px;\"\u003EEmmanuel Ng, FX Strategist at OCBC Bank is expecting \u003Cb\u003EEUR\/USD\u003C\/b\u003E to remain neutral to supported. \u003Cbr \/\u003E\u003Cbr \/\u003E\u003Cb\u003EKey Quotes\u003C\/b\u003E\u003Cbr \/\u003E\u003Cbr \/\u003E“Despite the updraft from the GBP, dovish ECB rhetoric may also continue to place a damper on excessive upside against the USD. “ \u003Cbr \/\u003E\u003Cbr \/\u003E“Look for initial support on dips around the 55-day MA (1.3548) while key resistance is expected on approach of 1.3600 ahead of the EZ inflation number tomorrow. “ \u003C\/span\u003E\u003C\/div\u003E"},"link":[{"rel":"replies","type":"application/atom+xml","href":"http:\/\/allforexaffairs.blogspot.com\/feeds\/4827183168434316728\/comments\/default","title":"Post Comments"},{"rel":"replies","type":"text/html","href":"http:\/\/allforexaffairs.blogspot.com\/2013\/11\/eurusd-to-remain-neutral.html#comment-form","title":"3 Comments"},{"rel":"edit","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/996511900533644707\/posts\/default\/4827183168434316728"},{"rel":"self","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/996511900533644707\/posts\/default\/4827183168434316728"},{"rel":"alternate","type":"text/html","href":"http:\/\/allforexaffairs.blogspot.com\/2013\/11\/eurusd-to-remain-neutral.html","title":"EUR\/USD to remain neutral"}],"author":[{"name":{"$t":"Jobz Corner"},"uri":{"$t":"http:\/\/www.blogger.com\/profile\/17270025105100797163"},"email":{"$t":"noreply@blogger.com"},"gd$image":{"rel":"http://schemas.google.com/g/2005#thumbnail","width":"16","height":"16","src":"https:\/\/img1.blogblog.com\/img\/b16-rounded.gif"}}],"thr$total":{"$t":"3"}},{"id":{"$t":"tag:blogger.com,1999:blog-996511900533644707.post-8420083093982987976"},"published":{"$t":"2013-11-27T03:00:00.000-08:00"},"updated":{"$t":"2013-11-27T03:00:01.689-08:00"},"category":[{"scheme":"http://www.blogger.com/atom/ns#","term":"Currencies"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Dollar News Update"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Forex News"}],"title":{"type":"text","$t":"Euro Rises for Fifth Day Versus Yen on German Accord"},"content":{"type":"html","$t":"\u003Cdiv dir=\"ltr\" style=\"text-align: left;\" trbidi=\"on\"\u003EThe euro strengthened for a fifth day against the yen as lawmakers in Germany, the 17-nation region’s biggest economy, reached a coalition accord on wages and spending increases without increasing taxes. \u003Cbr \/\u003E\u003Cbr \/\u003EThe shared currency rose versus all except one of its 16 major peers as the deal ended the longest period of coalition talks in Chancellor Angela Merkel’s time in office. The dollar climbed against the yen before U.S. data forecast to show durable-goods orders fell, while consumer sentiment was higher than initially estimated, signaling a mixed recovery that may keep the Federal Reserve from reducing stimulus. The Thai baht fell after the central bank unexpectedly cut interest rates. \u003Cbr \/\u003E\u003Cbr \/\u003E“The euro was boosted by the news that Germany is close to reaching a coalition accord,” said Shinichiro Kadota, a foreign-exchange strategist at Barclays Plc in Tokyo. “I don’t think the euro will extend gains much from here.” \u003Cbr \/\u003E\u003Cbr \/\u003EThe euro advanced 0.4 percent to 137.97 yen at 8:12 a.m. in London, extending its gain during the past five days to 2.6 percent. The common currency was little changed at $1.3576 after climbing to $1.3599, the strongest level since Oct. 31. The dollar rose 0.4 percent to 101.63 yen. \u003Cbr \/\u003E\u003Cbr \/\u003EMerkel clinched the coalition agreement with the Social Democratic Party that calls for a national minimum wage and pledges to increase spending on pensions and infrastructure. \u003Cbr \/\u003E\u003Cbr \/\u003EThe accord reached shortly before 5 a.m. in Berlin today after 17 hours of negotiations sets Merkel on track for a third term leading the nation until 2017. The agreement must still be passed by the entire SPD, which plans a referendum among its roughly 470,000 members. \u003Cbr \/\u003E\u003Cbr \/\u003EThe baht weakened 0.2 percent to 32.145 per dollar after weakening 1.6 percent in the previous six days.\u003C\/div\u003E"},"link":[{"rel":"replies","type":"application/atom+xml","href":"http:\/\/allforexaffairs.blogspot.com\/feeds\/8420083093982987976\/comments\/default","title":"Post Comments"},{"rel":"replies","type":"text/html","href":"http:\/\/allforexaffairs.blogspot.com\/2013\/11\/euro-rises-for-fifth-day-versus-yen-on.html#comment-form","title":"2 Comments"},{"rel":"edit","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/996511900533644707\/posts\/default\/8420083093982987976"},{"rel":"self","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/996511900533644707\/posts\/default\/8420083093982987976"},{"rel":"alternate","type":"text/html","href":"http:\/\/allforexaffairs.blogspot.com\/2013\/11\/euro-rises-for-fifth-day-versus-yen-on.html","title":"Euro Rises for Fifth Day Versus Yen on German Accord"}],"author":[{"name":{"$t":"Jobz Corner"},"uri":{"$t":"http:\/\/www.blogger.com\/profile\/17270025105100797163"},"email":{"$t":"noreply@blogger.com"},"gd$image":{"rel":"http://schemas.google.com/g/2005#thumbnail","width":"16","height":"16","src":"https:\/\/img1.blogblog.com\/img\/b16-rounded.gif"}}],"thr$total":{"$t":"2"}},{"id":{"$t":"tag:blogger.com,1999:blog-996511900533644707.post-1855619587445095199"},"published":{"$t":"2013-11-27T01:30:00.001-08:00"},"updated":{"$t":"2013-11-27T23:55:44.115-08:00"},"category":[{"scheme":"http://www.blogger.com/atom/ns#","term":"Currencies"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Dollar News Update"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Forex News"}],"title":{"type":"text","$t":"EUR\/USD capped by 1.3590"},"content":{"type":"html","$t":"\u003Cdiv dir=\"ltr\" style=\"text-align: left;\" trbidi=\"on\"\u003E\u003Cspan style=\"font-size: 15px;\"\u003EThe shared currency is inching higher on Thursday, with the \u003Cb\u003EEUR\/USD\u003C\/b\u003E advancing through 1.3580 after testing lows near 1.3560 overnight. \u003Cbr \/\u003E\u003Cbr \/\u003E\u003Cb\u003EEUR\/USD focus on German, EMU data\u003C\/b\u003E\u003Cbr \/\u003E\u003Cbr \/\u003EDespite the holiday in the US and the absence of a docket, the releases in the euro area should be relevant enough to keep investors entertained during most part of the session. The final revision of Spanish GDP figures is expected to show a 0.1% expansion inter-quarter of the Mediterranean economy, finally leaving the recession territory. German employment figures are due next, with consensus expecting the jobless rate to stay put at 6.9% during November. EMU’s gauges of Economic\/Consumer\/Business Confidence will follow, with prior surveys pointing to mixed results. So, with the pair well supported around 1.3560 and mixed results on the cards and having tested 1.3600 yesterday, decent readings today would be supportive of the prevailing bid tone around the EUR, allowing another test of the 1.3600 handle.  \u003Cbr \/\u003E\u003Cbr \/\u003E\u003Cb\u003EEUR\/USD levels to watch\u003C\/b\u003E\u003Cbr \/\u003E\u003Cbr \/\u003EAs of writing the pair is up 0.03% at 1.3578 with the next resistance at 1.3613 (high Nov.27) followed by 1.3628 (61.8% of 1.3822-1.3295) and finally 1.3696 (low Oct.30). On the downside, a dip beyond 1.3558 (low Nov.27) would target 1.3515 (low Nov.26) en route to 1.3504 (MA21d). \u003C\/span\u003E\u003C\/div\u003E"},"link":[{"rel":"replies","type":"application/atom+xml","href":"http:\/\/allforexaffairs.blogspot.com\/feeds\/1855619587445095199\/comments\/default","title":"Post Comments"},{"rel":"replies","type":"text/html","href":"http:\/\/allforexaffairs.blogspot.com\/2013\/11\/eurusd-capped-by-13590.html#comment-form","title":"23 Comments"},{"rel":"edit","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/996511900533644707\/posts\/default\/1855619587445095199"},{"rel":"self","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/996511900533644707\/posts\/default\/1855619587445095199"},{"rel":"alternate","type":"text/html","href":"http:\/\/allforexaffairs.blogspot.com\/2013\/11\/eurusd-capped-by-13590.html","title":"EUR\/USD capped by 1.3590"}],"author":[{"name":{"$t":"Jobz Corner"},"uri":{"$t":"http:\/\/www.blogger.com\/profile\/17270025105100797163"},"email":{"$t":"noreply@blogger.com"},"gd$image":{"rel":"http://schemas.google.com/g/2005#thumbnail","width":"16","height":"16","src":"https:\/\/img1.blogblog.com\/img\/b16-rounded.gif"}}],"thr$total":{"$t":"23"}},{"id":{"$t":"tag:blogger.com,1999:blog-996511900533644707.post-2662108148365927774"},"published":{"$t":"2013-11-27T01:30:00.000-08:00"},"updated":{"$t":"2013-11-27T01:30:02.633-08:00"},"category":[{"scheme":"http://www.blogger.com/atom/ns#","term":"Brokers Directory"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Currencies"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Dollar News Update"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Forex News"}],"title":{"type":"text","$t":"WTI Oil Drops for a Fourth Day as U.S. Crude Inventories Advance"},"content":{"type":"html","$t":"\u003Cdiv dir=\"ltr\" style=\"text-align: left;\" trbidi=\"on\"\u003E\u003Cspan style=\"font-size: 15px;\"\u003EWest Texas Intermediate fell for a fourth day after industry data showed crude stockpiles rose for a ninth week in the U.S., the world’s biggest oil consumer. \u003Cbr \/\u003E\u003Cbr \/\u003EFutures slid as much as 0.3 percent in New York. Crude inventories increased by 6.92 million barrels last week, the \u003Cb\u003EAmerican Petroleum Institute\u003C\/b\u003E said yesterday. An Energy Information Administration report today is projected to show supplies climbed by 750,000 barrels, according to a Bloomberg News survey. The Organization of Petroleum Exporting Countries will keep its production quota unchanged at a meeting next week in Vienna, a separate survey shows. \u003Cbr \/\u003E\u003Cbr \/\u003E“The key for the market will be those numbers” from the EIA, said \u003Cb\u003EDavid Lennox\u003C\/b\u003E, a resource analyst at Fat Prophets in Sydney who predicts OPEC will keep its output target unchanged at the Dec. 4 gathering. “New supply in the U.S. is causing a build-up of inventories.” \u003Cbr \/\u003E\u003Cbr \/\u003EWTI for January delivery dropped as much as 32 cents to $93.36 a barrel in electronic trading on the \u003Cb\u003ENew York Mercantile Exchange\u003C\/b\u003E, and was at $93.39 at 3:45 p.m. Singapore time. The contract lost 0.4 percent to $93.68 yesterday. The volume of all futures traded was more than double the 100-day average. \u003Cbr \/\u003E\u003Cbr \/\u003EBrent for January settlement gained 2 cents to $110.90 a barrel on the London-based ICE Futures Europe exchange. The European benchmark crude was at a premium of $17.51 to WTI. The spread was $17.20 yesterday, the widest in more than eight months based on closing prices. \u003C\/span\u003E\u003C\/div\u003E"},"link":[{"rel":"replies","type":"application/atom+xml","href":"http:\/\/allforexaffairs.blogspot.com\/feeds\/2662108148365927774\/comments\/default","title":"Post Comments"},{"rel":"replies","type":"text/html","href":"http:\/\/allforexaffairs.blogspot.com\/2013\/11\/wti-oil-drops-for-fourth-day-as-us.html#comment-form","title":"8 Comments"},{"rel":"edit","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/996511900533644707\/posts\/default\/2662108148365927774"},{"rel":"self","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/996511900533644707\/posts\/default\/2662108148365927774"},{"rel":"alternate","type":"text/html","href":"http:\/\/allforexaffairs.blogspot.com\/2013\/11\/wti-oil-drops-for-fourth-day-as-us.html","title":"WTI Oil Drops for a Fourth Day as U.S. Crude Inventories Advance"}],"author":[{"name":{"$t":"Jobz Corner"},"uri":{"$t":"http:\/\/www.blogger.com\/profile\/17270025105100797163"},"email":{"$t":"noreply@blogger.com"},"gd$image":{"rel":"http://schemas.google.com/g/2005#thumbnail","width":"16","height":"16","src":"https:\/\/img1.blogblog.com\/img\/b16-rounded.gif"}}],"thr$total":{"$t":"8"}},{"id":{"$t":"tag:blogger.com,1999:blog-996511900533644707.post-7192758866003366674"},"published":{"$t":"2013-11-27T00:00:00.000-08:00"},"updated":{"$t":"2013-11-27T23:49:24.806-08:00"},"category":[{"scheme":"http://www.blogger.com/atom/ns#","term":"Currencies"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Dollar News Update"}],"title":{"type":"text","$t":"Import Price Index drops 0.7% in October"},"content":{"type":"html","$t":"\u003Cdiv dir=\"ltr\" style=\"text-align: left;\" trbidi=\"on\"\u003E\u003Cspan style=\"font-size: 15px;\"\u003EThe German Import Price Index fell 0.7% in October, after remaining unchanged the previous month, Deutsche Bundesbank revealed on Thursday. Analysts expected less decrease of 0.5%. \u003Cbr \/\u003E\u003Cbr \/\u003EYear-over-year the Import Price Index declined 3%, down from the 2.8% fall and below expectations of -2.8%. \u003C\/span\u003E\u003C\/div\u003E"},"link":[{"rel":"replies","type":"application/atom+xml","href":"http:\/\/allforexaffairs.blogspot.com\/feeds\/7192758866003366674\/comments\/default","title":"Post Comments"},{"rel":"replies","type":"text/html","href":"http:\/\/allforexaffairs.blogspot.com\/2013\/11\/import-price-index-drops-07-in-october.html#comment-form","title":"3 Comments"},{"rel":"edit","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/996511900533644707\/posts\/default\/7192758866003366674"},{"rel":"self","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/996511900533644707\/posts\/default\/7192758866003366674"},{"rel":"alternate","type":"text/html","href":"http:\/\/allforexaffairs.blogspot.com\/2013\/11\/import-price-index-drops-07-in-october.html","title":"Import Price Index drops 0.7% in October"}],"author":[{"name":{"$t":"Jobz Corner"},"uri":{"$t":"http:\/\/www.blogger.com\/profile\/17270025105100797163"},"email":{"$t":"noreply@blogger.com"},"gd$image":{"rel":"http://schemas.google.com/g/2005#thumbnail","width":"16","height":"16","src":"https:\/\/img1.blogblog.com\/img\/b16-rounded.gif"}}],"thr$total":{"$t":"3"}},{"id":{"$t":"tag:blogger.com,1999:blog-996511900533644707.post-2274156255519724060"},"published":{"$t":"2013-11-26T23:51:00.001-08:00"},"updated":{"$t":"2013-11-26T23:53:50.596-08:00"},"category":[{"scheme":"http://www.blogger.com/atom/ns#","term":"Currencies"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Dollar News Update"}],"title":{"type":"text","$t":"AUD\/USD spikes to 0.9140"},"content":{"type":"html","$t":"\u003Cdiv dir=\"ltr\" style=\"text-align: left;\" trbidi=\"on\"\u003E\u003Cspan style=\"font-size: 15px;\"\u003EThe Aussie dollar found decent support in the area of 0.9090 on Tuesday, with the \u003Cb\u003EAUD\/USD \u003C\/b\u003Enow attempting a return to the positive ground around 0.9140. \u003Cbr \/\u003E\u003Cbr \/\u003E\u003Cb\u003EAUD\/USD all eyes on tomorrow’s Capex\u003C\/b\u003E\u003Cbr \/\u003E\u003Cbr \/\u003EThe most relevant event for the AUD this week will be the Private Capital Expenditure for the third quarter, although consensus amongst traders would point to a soft reading, adding to the selling pressure. Today’s Construction Work Done in Australia expanded 2.7% in Q3, largely surpassing the median at 0.5% and the previous quarter 0.1% gain. According to Greg Gibbs, “The Trading performance of the AUD in recent sessions has been poor reflecting the increasing uncertainty in China and the rhetoric by the RBA focussing on the expected decline in resources investment over the coming several years and desire for a weaker AUD to support investment growth in the non-resources sector”. \u003Cbr \/\u003E\u003Cbr \/\u003E\u003Cb\u003EAUD\/USD levels to watch\u003C\/b\u003E\u003Cbr \/\u003E\u003Cbr \/\u003EAs of writing the pair is down 0.05% at 0.9125 with the immediate support at 0.9090 (lower channel support) ahead of 0.9088 (low Nov.26) and then 0.9038 (low Sep.4). On the flip side, a break above 0.9204 (high Nov.26) would expose 0.9249 (high Nov.22) and finally 0.9355 (high Nov.21). \u003C\/span\u003E\u003C\/div\u003E"},"link":[{"rel":"replies","type":"application/atom+xml","href":"http:\/\/allforexaffairs.blogspot.com\/feeds\/2274156255519724060\/comments\/default","title":"Post Comments"},{"rel":"replies","type":"text/html","href":"http:\/\/allforexaffairs.blogspot.com\/2013\/11\/audusd-spikes-to-09140.html#comment-form","title":"2 Comments"},{"rel":"edit","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/996511900533644707\/posts\/default\/2274156255519724060"},{"rel":"self","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/996511900533644707\/posts\/default\/2274156255519724060"},{"rel":"alternate","type":"text/html","href":"http:\/\/allforexaffairs.blogspot.com\/2013\/11\/audusd-spikes-to-09140.html","title":"AUD\/USD spikes to 0.9140"}],"author":[{"name":{"$t":"Jobz Corner"},"uri":{"$t":"http:\/\/www.blogger.com\/profile\/17270025105100797163"},"email":{"$t":"noreply@blogger.com"},"gd$image":{"rel":"http://schemas.google.com/g/2005#thumbnail","width":"16","height":"16","src":"https:\/\/img1.blogblog.com\/img\/b16-rounded.gif"}}],"thr$total":{"$t":"2"}},{"id":{"$t":"tag:blogger.com,1999:blog-996511900533644707.post-4826022106894345640"},"published":{"$t":"2013-11-26T04:00:00.000-08:00"},"updated":{"$t":"2013-11-26T04:00:11.515-08:00"},"category":[{"scheme":"http://www.blogger.com/atom/ns#","term":"Currencies"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Dollar News Update"}],"title":{"type":"text","$t":"Dollar off highs vs Yen"},"content":{"type":"html","$t":"\u003Cdiv dir=\"ltr\" style=\"text-align: left;\" trbidi=\"on\"\u003E\u003Cspan style=\"font-size: 15px;\"\u003EThe dollar pulled back from six-month highs against the yen on Tuesday, and the euro remained higher against the dollar, shrugging off dovish comments by a senior European Central Bank official. \u003Cbr \/\u003E\u003Cbr \/\u003EDuring European morning trade, \u003Cb\u003EUSD\/JPY\u003C\/b\u003E slid 0.29% to 101.37, after rising as high as 101.91 on Monday, the highest since late May. \u003Cbr \/\u003E\u003Cbr \/\u003EThe yen found support after Tuesday’s minutes of the Bank of Japan’s October meeting showed some policymakers see a greater downside risk to the economy. \u003Cbr \/\u003E\u003Cbr \/\u003EThe BoJ noted that the economy is following the path to the bank’s 2% inflation target at a moderate pace. The members also said that there remains a high degree of uncertainty over the medium to long term inflation outlook. \u003Cbr \/\u003E\u003Cbr \/\u003EElsewhere, \u003Cb\u003EEUR\/USD\u003C\/b\u003E was up 0.29% to 1.3555 from 1.3515 on Monday. The euro shrugged off remarks by ECB board member Benoit Coeure, who said that negative deposit rates are still a possibility. \u003Cbr \/\u003E\u003Cbr \/\u003EThe pound was also higher against the dollar, with \u003Cb\u003EGBP\/USD\u003C\/b\u003E rising 0.21% to 1.6188 ahead of testimony by Bank of England Governor Mark Carney on the bank’s inflation report before the U.K. Treasury select committee. \u003Cbr \/\u003E\u003Cbr \/\u003EThe dollar was down against the Swiss franc, with \u003Cb\u003EUSD\/CHF\u003C\/b\u003E losing 0.40% to trade at 0.9080. \u003Cbr \/\u003E\u003Cbr \/\u003EThe greenback was little changed against the Australian, New Zealand and Canadian dollars, with AUD\/USD slipping 0.09% to 0.9152, \u003Cb\u003ENZD\/USD\u003C\/b\u003E edging up 0.07% to 0.8212 and USD\/CAD inching up 0.09% to 1.0551. \u003Cbr \/\u003E\u003Cbr \/\u003EAustralia’s dollar remained supported after Reserve Bank Deputy Governor Philip Lowe said Tuesday that intervention to weaken the currency is an option, but added that the threshold for intervention is high. \u003Cbr \/\u003E\u003Cbr \/\u003EThe U.S. dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.28% to 80.73. \u003C\/span\u003E\u003C\/div\u003E"},"link":[{"rel":"replies","type":"application/atom+xml","href":"http:\/\/allforexaffairs.blogspot.com\/feeds\/4826022106894345640\/comments\/default","title":"Post Comments"},{"rel":"replies","type":"text/html","href":"http:\/\/allforexaffairs.blogspot.com\/2013\/11\/dollar-off-highs-vs-yen.html#comment-form","title":"2 Comments"},{"rel":"edit","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/996511900533644707\/posts\/default\/4826022106894345640"},{"rel":"self","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/996511900533644707\/posts\/default\/4826022106894345640"},{"rel":"alternate","type":"text/html","href":"http:\/\/allforexaffairs.blogspot.com\/2013\/11\/dollar-off-highs-vs-yen.html","title":"Dollar off highs vs Yen"}],"author":[{"name":{"$t":"Jobz Corner"},"uri":{"$t":"http:\/\/www.blogger.com\/profile\/17270025105100797163"},"email":{"$t":"noreply@blogger.com"},"gd$image":{"rel":"http://schemas.google.com/g/2005#thumbnail","width":"16","height":"16","src":"https:\/\/img1.blogblog.com\/img\/b16-rounded.gif"}}],"thr$total":{"$t":"2"}},{"id":{"$t":"tag:blogger.com,1999:blog-996511900533644707.post-8940734843295098624"},"published":{"$t":"2013-11-26T03:30:00.000-08:00"},"updated":{"$t":"2013-11-26T03:30:02.839-08:00"},"category":[{"scheme":"http://www.blogger.com/atom/ns#","term":"Currencies"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Dollar News Update"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Forex News"}],"title":{"type":"text","$t":"Yen strengthens after BoJ minutes"},"content":{"type":"html","$t":"\u003Cdiv dir=\"ltr\" style=\"text-align: left;\" trbidi=\"on\"\u003E\u003Cspan style=\"font-size: 15px;\"\u003EThe yen strengthened in Asian trade Tuesday despite three of the nine Bank of Japan board members seeing a greater downside risk to the economy than the majority view of balanced risk, according to the minutes of the Oct. 31 policy meeting released earlier in the day. \u003Cbr \/\u003E\u003Cbr \/\u003E\u003Cb\u003EUSD\/JPY\u003C\/b\u003E traded at 101.49, down 0.19%, in a range of 101.34 - 101.73 after the minutes. \u003Cbr \/\u003E\u003Cbr \/\u003EBank of Japan board member Takehiro Sato said downside risks to weaker prices is somewhat higher than the upside, while colleague Takahide Kiuchi repeated his call for greater price target flexibly. Sayuri Shirai said attention needs to be paid to downside risks to economic activity and prices. \u003Cbr \/\u003E\u003Cbr \/\u003EThe Bank of Japan is aiming for sustained annual inflation at 2% by 2015 through an aggressive easing policy that is supposed to work in combination with government economic reforms. \u003Cbr \/\u003E\u003Cbr \/\u003EAt the meeting, the Bank of Japan board, by a unanimous vote, kept the bank's policy target unchanged as expected. \u003Cbr \/\u003E\u003Cbr \/\u003E\u003Cb\u003EAUD\/USD\u003C\/b\u003E traded at 0.9191, up 0.32%, shrugging off remarks by Reserve Bank of Australia Deputy Governor Philip Lowe that the currency should weaken over time. \u003Cbr \/\u003E\u003Cbr \/\u003EThe Australian dollar could fall further in the period ahead as investments in Australia decline, but as the terms of trade is expected to remain high the exchange rate will be high on a historical basis, Lowe said in remarks at a question and answer session following a speech. \u003Cbr \/\u003E\u003Cbr \/\u003EIran's decision to rein in its nuclear ambitions enticed investors out of safe-haven yen and other positions on Monday and sparked demand for the dollar, which tends to edge lower when U.S.-Iranian tensions flare up. \u003Cbr \/\u003E\u003Cbr \/\u003EWeekend talks among the U.S., Russia, China, Britain, Germany, France and Iran ended in agreement that halted advancements in Iran's nuclear program in exchange for easing economic sanctions against Tehran. \u003Cbr \/\u003E\u003Cbr \/\u003EUnder the terms of the agreement, Iran will stop enriching uranium beyond 5%, and neutralize its stockpile of uranium enriched beyond that point. \u003Cbr \/\u003E\u003Cbr \/\u003ETehran will also grant more access to its facilities to nuclear inspectors in exchange for no new sanctions for six months. \u003Cbr \/\u003E\u003Cbr \/\u003EIran will also receive sanctions relief worth approximately USD7 billion in trade on oil, auto and airplane parts, gold and precious metals for six months. \u003Cbr \/\u003E\u003Cbr \/\u003ETrade sanctions slapped on Iran due to its alleged nuclear ambitions have taken out more than 1 million barrels of oil per day from the global market in the past two years. \u003Cbr \/\u003E\u003Cbr \/\u003EWorld powers have accused Iran of using its nuclear program to secretly develop nuclear weapons, an assertion the country has consistently denied. \u003Cbr \/\u003E\u003Cbr \/\u003EThe news offset otherwise bearish data for the dollar in the U.S. housing sector that revealed pending home sales fell unexpectedly in October. \u003Cbr \/\u003E\u003Cbr \/\u003EIn a report, the National Association of Realtors said its pending home sales index declined by a seasonally adjusted 0.6% in October, disappointing market expectations for a 1.3% gain. \u003Cbr \/\u003E\u003Cbr \/\u003EYear-on-year, pending home sales fell at annualized rate of 2.2% last month, outpacing expectations for a 1% decline after rising 2% in September. \u003Cbr \/\u003E\u003Cbr \/\u003EThe U.S. dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was at 80.85, down 0.13%. \u003Cbr \/\u003E\u003Cbr \/\u003EOn Tuesday, the U.S. is to produce data on building permits, a leading indicator of future construction activity as well as a report on housing starts. The nation is also to release private sector data on consumer confidence and house price inflation. \u003C\/span\u003E\u003C\/div\u003E"},"link":[{"rel":"replies","type":"application/atom+xml","href":"http:\/\/allforexaffairs.blogspot.com\/feeds\/8940734843295098624\/comments\/default","title":"Post Comments"},{"rel":"replies","type":"text/html","href":"http:\/\/allforexaffairs.blogspot.com\/2013\/11\/yen-strengthens-after-boj-minutes.html#comment-form","title":"2 Comments"},{"rel":"edit","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/996511900533644707\/posts\/default\/8940734843295098624"},{"rel":"self","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/996511900533644707\/posts\/default\/8940734843295098624"},{"rel":"alternate","type":"text/html","href":"http:\/\/allforexaffairs.blogspot.com\/2013\/11\/yen-strengthens-after-boj-minutes.html","title":"Yen strengthens after BoJ minutes"}],"author":[{"name":{"$t":"Jobz Corner"},"uri":{"$t":"http:\/\/www.blogger.com\/profile\/17270025105100797163"},"email":{"$t":"noreply@blogger.com"},"gd$image":{"rel":"http://schemas.google.com/g/2005#thumbnail","width":"16","height":"16","src":"https:\/\/img1.blogblog.com\/img\/b16-rounded.gif"}}],"thr$total":{"$t":"2"}},{"id":{"$t":"tag:blogger.com,1999:blog-996511900533644707.post-3962189716995699553"},"published":{"$t":"2013-11-26T03:00:00.000-08:00"},"updated":{"$t":"2013-11-26T03:00:04.255-08:00"},"category":[{"scheme":"http://www.blogger.com/atom/ns#","term":"Currencies"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Dollar News Update"}],"title":{"type":"text","$t":"AUD\/USD edges higher but gains seen limited"},"content":{"type":"html","$t":"\u003Cdiv dir=\"ltr\" style=\"text-align: left;\" trbidi=\"on\"\u003E\u003Cspan style=\"font-size: 15px;\"\u003EThe Australian dollar edged higher against its U.S. counterpart on Tuesday, but gains were seen to remain limited as expectations for the Federal Reserve to soon begin tapering its stimulus program continued to support the greenback.  \u003Cbr \/\u003E\u003Cbr \/\u003E\u003Cb\u003EAUD\/USD\u003C\/b\u003E hit 0.9203 during late Asian trade, the pair's highest since November 22; the pair subsequently consolidated at 0.9187, rising 0.28%.  \u003Cbr \/\u003E\u003Cbr \/\u003EThe pair was likely to find support at 0.9120, Monday's low and a one-and-a-half month low and resistance at 0.9250, the high of November 22.  \u003Cbr \/\u003E\u003Cbr \/\u003EInvestors consolidated their positions following sharp gains in the past several days, but the greenback remained supported after last week’s minutes of the Fed’s October meeting said the bank could start tapering its USD85 billion-a-month asset purchase program in the “coming months” if the economy continues to improve as expected.  \u003Cbr \/\u003E\u003Cbr \/\u003EThe Aussie was fractionally higher against the euro with EUR\/AUD easing 0.09%, to hit 1.4742.  \u003Cbr \/\u003E\u003Cbr \/\u003ELater in the day, the U.S. was to produce data on building permits, as well as private sector data on consumer confidence and house price inflation. \u003C\/span\u003E\u003C\/div\u003E"},"link":[{"rel":"replies","type":"application/atom+xml","href":"http:\/\/allforexaffairs.blogspot.com\/feeds\/3962189716995699553\/comments\/default","title":"Post Comments"},{"rel":"replies","type":"text/html","href":"http:\/\/allforexaffairs.blogspot.com\/2013\/11\/audusd-edges-higher-but-gains-seen.html#comment-form","title":"1 Comments"},{"rel":"edit","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/996511900533644707\/posts\/default\/3962189716995699553"},{"rel":"self","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/996511900533644707\/posts\/default\/3962189716995699553"},{"rel":"alternate","type":"text/html","href":"http:\/\/allforexaffairs.blogspot.com\/2013\/11\/audusd-edges-higher-but-gains-seen.html","title":"AUD\/USD edges higher but gains seen limited"}],"author":[{"name":{"$t":"Jobz Corner"},"uri":{"$t":"http:\/\/www.blogger.com\/profile\/17270025105100797163"},"email":{"$t":"noreply@blogger.com"},"gd$image":{"rel":"http://schemas.google.com/g/2005#thumbnail","width":"16","height":"16","src":"https:\/\/img1.blogblog.com\/img\/b16-rounded.gif"}}],"thr$total":{"$t":"1"}},{"id":{"$t":"tag:blogger.com,1999:blog-996511900533644707.post-8796997833089996930"},"published":{"$t":"2013-11-26T02:30:00.000-08:00"},"updated":{"$t":"2013-11-26T01:25:55.507-08:00"},"category":[{"scheme":"http://www.blogger.com/atom/ns#","term":"Currencies"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Dollar News Update"}],"title":{"type":"text","$t":"AUD\/USD capped by 0.9200"},"content":{"type":"html","$t":"\u003Cdiv dir=\"ltr\" style=\"text-align: left;\" trbidi=\"on\"\u003E\u003Cspan style=\"font-size: 15px;\"\u003EThe selling bias seems to have abandoned the Aussie dollar on Tuesday, with the \u003Cb\u003EAUD\/USD \u003C\/b\u003Eextending the recovery although the area around 0.9200 remains yet elusive. \u003Cbr \/\u003E\u003Cbr \/\u003E\u003Cb\u003EAUD\/USD bolstered by RBA\u003C\/b\u003E\u003Cbr \/\u003E\u003Cbr \/\u003EThe pair found the much-needed oxygen in the speech by RBA Deputy Governor Philip Lowe last night, where he removed some pressure from the recent comments regarding the likeliness of an intervention in order to keep the AUD weak. Annette Beacher, Strategist at TD Securities, commented, “RBA Deputy Governor Lowe’s speech in Sydney on productivity, drivers and trends covered familiar ground, focusing on the need to lift productivity growth as Australia adjusts to a decline in terms of trade in future. Price action kicked in during the Q\u0026amp;A when he said that the ‘threshold for intervention is fairly high’ although he did not rule it in or out”. The next big event in Australia will be the Private Capital Expenditure during Q3, on Thursday.  \u003Cbr \/\u003E\u003Cbr \/\u003E\u003Cb\u003EAUD\/USD levels to watch\u003C\/b\u003E\u003Cbr \/\u003E\u003Cbr \/\u003EAs of writing the pair is up 0.32% at 0.9192 and a surpass of 0.9249 (high Nov.22) would aim for 0.9300 (psychological level) and then 0.9335 (high Nov.21). On the flip side, the initial support aligns at 0.9120 (low Nov.25) followed by 0.9115 (lower channel support) and finally 0.9038 (low Sep.4). \u003C\/span\u003E    \u003C\/div\u003E"},"link":[{"rel":"replies","type":"application/atom+xml","href":"http:\/\/allforexaffairs.blogspot.com\/feeds\/8796997833089996930\/comments\/default","title":"Post Comments"},{"rel":"replies","type":"text/html","href":"http:\/\/allforexaffairs.blogspot.com\/2013\/11\/audusd-capped-by-09200.html#comment-form","title":"1 Comments"},{"rel":"edit","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/996511900533644707\/posts\/default\/8796997833089996930"},{"rel":"self","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/996511900533644707\/posts\/default\/8796997833089996930"},{"rel":"alternate","type":"text/html","href":"http:\/\/allforexaffairs.blogspot.com\/2013\/11\/audusd-capped-by-09200.html","title":"AUD\/USD capped by 0.9200"}],"author":[{"name":{"$t":"Jobz Corner"},"uri":{"$t":"http:\/\/www.blogger.com\/profile\/17270025105100797163"},"email":{"$t":"noreply@blogger.com"},"gd$image":{"rel":"http://schemas.google.com/g/2005#thumbnail","width":"16","height":"16","src":"https:\/\/img1.blogblog.com\/img\/b16-rounded.gif"}}],"thr$total":{"$t":"1"}},{"id":{"$t":"tag:blogger.com,1999:blog-996511900533644707.post-3374880314897329491"},"published":{"$t":"2013-11-26T02:00:00.001-08:00"},"updated":{"$t":"2013-11-26T02:00:09.014-08:00"},"category":[{"scheme":"http://www.blogger.com/atom/ns#","term":"Dollar News Update"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Trading"}],"title":{"type":"text","$t":"Dollar eases back from recent highs against yen"},"content":{"type":"html","$t":"\u003Cdiv dir=\"ltr\" style=\"text-align: left;\" trbidi=\"on\"\u003E\u003Cspan style=\"font-size: 15px;\"\u003EThe dollar eased\u003C\/span\u003E back from recent highs against the yen on Tuesday, as investors consolidated their positions following sharp gains in the past several days. \u003Cbr \/\u003E\u003Cbr \/\u003E\u003Cb\u003EUSD\/JPY\u003C\/b\u003E was down 0.22% to 101.46 after rising to highs of 101.91 on Monday, the highest level since late May. \u003Cbr \/\u003E\u003Cbr \/\u003EThe pair was likely to find support at 100.94, Friday’s low and near-term resistance at 101.91. \u003Cbr \/\u003E\u003Cbr \/\u003EThe yen found support after the minutes of the Bank of Japan’s October meeting showed some policymakers see a greater downside risk to the economy. \u003Cbr \/\u003E\u003Cbr \/\u003EThe board noted that the economy is following the path to the bank’s 2% inflation target at a moderate pace. The members also said that there remains a high degree of uncertainty over the medium to long term inflation outlook. \u003Cbr \/\u003E\u003Cbr \/\u003EThe dollar continued to remain supported by expectations that the Federal Reserve will start rolling back stimulus at one of its next few meetings. \u003Cbr \/\u003E\u003Cbr \/\u003EThe euro was almost unchanged against the yen, with \u003Cb\u003EEUR\/JPY\u003C\/b\u003E dipping 0.02% to 137.39, holding below the four-year high of 137.97 struck on Monday. \u003Cbr \/\u003E\u003Cbr \/\u003EElsewhere, the euro pushed higher against the dollar, with \u003Cb\u003EEUR\/USD\u003C\/b\u003E rising 0.19% to 1.3542 from 1.3515 on Monday. \u003C\/div\u003E"},"link":[{"rel":"replies","type":"application/atom+xml","href":"http:\/\/allforexaffairs.blogspot.com\/feeds\/3374880314897329491\/comments\/default","title":"Post Comments"},{"rel":"replies","type":"text/html","href":"http:\/\/allforexaffairs.blogspot.com\/2013\/11\/dollar-eases-back-from-recent-highs.html#comment-form","title":"1 Comments"},{"rel":"edit","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/996511900533644707\/posts\/default\/3374880314897329491"},{"rel":"self","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/996511900533644707\/posts\/default\/3374880314897329491"},{"rel":"alternate","type":"text/html","href":"http:\/\/allforexaffairs.blogspot.com\/2013\/11\/dollar-eases-back-from-recent-highs.html","title":"Dollar eases back from recent highs against yen"}],"author":[{"name":{"$t":"Jobz Corner"},"uri":{"$t":"http:\/\/www.blogger.com\/profile\/17270025105100797163"},"email":{"$t":"noreply@blogger.com"},"gd$image":{"rel":"http://schemas.google.com/g/2005#thumbnail","width":"16","height":"16","src":"https:\/\/img1.blogblog.com\/img\/b16-rounded.gif"}}],"thr$total":{"$t":"1"}},{"id":{"$t":"tag:blogger.com,1999:blog-996511900533644707.post-7821718699234267596"},"published":{"$t":"2013-11-26T02:00:00.000-08:00"},"updated":{"$t":"2013-11-26T02:00:05.529-08:00"},"category":[{"scheme":"http://www.blogger.com/atom/ns#","term":"Brokers Directory"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Dollar News Update"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Trading"}],"title":{"type":"text","$t":"Gold Rallies From Four Month Low as Weaker Prices Boost Demand"},"content":{"type":"html","$t":"\u003Cdiv dir=\"ltr\" style=\"text-align: left;\" trbidi=\"on\"\u003EGold rebounded from a four-month low to the highest level in almost a week as the dollar weakened and lower prices spurred demand in China, the second-largest consumer, countering outflows from exchange-traded products. \u003Cbr \/\u003E\u003Cbr \/\u003EBullion for immediate delivery rose as much as 0.6 percent to $1,258.30 an ounce, the highest level since Nov. 20, before trading at $1,252.64 by 12:26 p.m. in Singapore. Prices touched $1,225.55 yesterday, the lowest since July 8, as an accord between Iran and world powers damped demand for haven assets. \u003Cbr \/\u003E\u003Cbr \/\u003EVolumes for cash gold of 99.99 percent purity on the Shanghai Gold Exchange rose to 15,077 kilograms yesterday, the most since Nov. 13. Assets in the SPDR Gold Trust, the biggest ETP backed by bullion, shrank to 848.91 metric tons yesterday, the least since January 2009, contracting for a sixth day in the longest slump since August. The Bloomberg U.S. Dollar Index, which tracks the currency against 10 major counterparts, fell 0.1 percent to 1,020.06. \u003Cbr \/\u003E\u003Cbr \/\u003E“The slight pullback in the dollar may be helping gold but that said, the issue of U.S. monetary policy continues to weigh on the market,” said Mark To, head of research at Wing Fung Financial Group, a Hong Kong-based trader and refiner. “Gold may be oversold and have a technical bounce in the near-term.” \u003Cbr \/\u003E\u003Cbr \/\u003EPrices that last week capped the worst weekly performance in two months pushed gold’s 14-day relative-strength index to 30 for a fourth day yesterday, a level that suggests to some analysts who study technical charts that bullion may rebound. \u003Cbr \/\u003E\u003Cbr \/\u003E\u003Cb\u003EFed Stimulus\u003C\/b\u003E\u003Cbr \/\u003E\u003Cbr \/\u003EGold tumbled 25 percent this year, entering a bear market in April. Investors sold metal from ETPs at a record pace as inflation failed to accelerate and on expectations the Federal Reserve will begin scaling back its $85 billion-a-month of asset purchases that helped bullion cap a 12-year bull run in 2012. \u003Cbr \/\u003E\u003Cbr \/\u003EGold for February delivery on the Comex in New York gained as much as 1.3 percent to $1,258.20 an ounce, before trading at $1,252.30, in volume that was 10 percent above the average for the past 100 days at this time. \u003Cbr \/\u003E\u003Cbr \/\u003ESpot silver fell as much as 0.6 percent to $20.1186 an ounce after a 1.9 percent advance yesterday, the most in a month. Prices touched $19.5955 yesterday, the lowest since Aug. 8. Metal in ETPs dropped to 19,794.6 tons yesterday, the least since Aug. 13, according to data tracked by Bloomberg, and has declined 1.6 percent from a record in October. \u003Cbr \/\u003E\u003Cbr \/\u003EPlatinum traded at $1,387.60 an ounce from $1,385.75 yesterday, when prices dropped to a six-week low of $1,374.40. Palladium gained 0.3 percent to $723.25 an ounce, advancing for a fourth day. \u003C\/div\u003E"},"link":[{"rel":"replies","type":"application/atom+xml","href":"http:\/\/allforexaffairs.blogspot.com\/feeds\/7821718699234267596\/comments\/default","title":"Post Comments"},{"rel":"replies","type":"text/html","href":"http:\/\/allforexaffairs.blogspot.com\/2013\/11\/gold-rallies-from-four-month-low-as.html#comment-form","title":"2 Comments"},{"rel":"edit","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/996511900533644707\/posts\/default\/7821718699234267596"},{"rel":"self","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/996511900533644707\/posts\/default\/7821718699234267596"},{"rel":"alternate","type":"text/html","href":"http:\/\/allforexaffairs.blogspot.com\/2013\/11\/gold-rallies-from-four-month-low-as.html","title":"Gold Rallies From Four Month Low as Weaker Prices Boost Demand"}],"author":[{"name":{"$t":"Jobz Corner"},"uri":{"$t":"http:\/\/www.blogger.com\/profile\/17270025105100797163"},"email":{"$t":"noreply@blogger.com"},"gd$image":{"rel":"http://schemas.google.com/g/2005#thumbnail","width":"16","height":"16","src":"https:\/\/img1.blogblog.com\/img\/b16-rounded.gif"}}],"thr$total":{"$t":"2"}},{"id":{"$t":"tag:blogger.com,1999:blog-996511900533644707.post-525291852456731203"},"published":{"$t":"2013-11-26T01:21:00.003-08:00"},"updated":{"$t":"2013-11-26T01:22:46.650-08:00"},"category":[{"scheme":"http://www.blogger.com/atom/ns#","term":"Currencies"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Dollar News Update"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Forex News"}],"title":{"type":"text","$t":"USD\/JPY ranges into European session"},"content":{"type":"html","$t":"\u003Cdiv dir=\"ltr\" style=\"text-align: left;\" trbidi=\"on\"\u003E\u003Cspan style=\"font-size: 15px;\"\u003E\u003Cb\u003EUSD\/JPY\u003C\/b\u003E has ranged overnight and into the European session, posting a high at 101.74 and a low at 101.33 and presently trading at 101.45, down -0.01% on the days trading. \u003Cbr \/\u003E\u003Cbr \/\u003E\u003Cb\u003EYen on defensive overnight\u003C\/b\u003E\u003Cbr \/\u003E\u003Cbr \/\u003EOvernight Japanese Economy Minister Aso spoke to the media and claimed that market principles were reflected in the weak yen under Abenomics, and that momentum is rising to reach a year end conclusion too TPP talks. Further, the government announced that it would end four decades of rice price support for farmers. Elsewhere the latest BoJ minutes were released showing that board members agreed that the 2% inflation target would be reached by the latter half of the production period, but also seeing downside risks to the economy too. They added their belief that higher corporate earnings would feed through to higher salaries for workers, supporting consumption ahead.  \u003Cbr \/\u003E\u003Cbr \/\u003E\u003Cb\u003EWhat are today’s key USD\/JPY levels?\u003C\/b\u003E\u003Cbr \/\u003E\u003Cbr \/\u003EToday’s central pivot point is at 101.5145 with support for the pair below at 101.0990 (S1), 100.7195 (S2) and 100.3040 (S3), and resistances above at 101.8940 (R1), 102.3095 (R2) and 102.6890 (R3). Special attention should be paid to the price range 101.46-101.80 where several technical levels are confluent today. \u003C\/span\u003E\u003C\/div\u003E"},"link":[{"rel":"replies","type":"application/atom+xml","href":"http:\/\/allforexaffairs.blogspot.com\/feeds\/525291852456731203\/comments\/default","title":"Post Comments"},{"rel":"replies","type":"text/html","href":"http:\/\/allforexaffairs.blogspot.com\/2013\/11\/usdjpy-ranges-into-european-session.html#comment-form","title":"2 Comments"},{"rel":"edit","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/996511900533644707\/posts\/default\/525291852456731203"},{"rel":"self","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/996511900533644707\/posts\/default\/525291852456731203"},{"rel":"alternate","type":"text/html","href":"http:\/\/allforexaffairs.blogspot.com\/2013\/11\/usdjpy-ranges-into-european-session.html","title":"USD\/JPY ranges into European session"}],"author":[{"name":{"$t":"Jobz Corner"},"uri":{"$t":"http:\/\/www.blogger.com\/profile\/17270025105100797163"},"email":{"$t":"noreply@blogger.com"},"gd$image":{"rel":"http://schemas.google.com/g/2005#thumbnail","width":"16","height":"16","src":"https:\/\/img1.blogblog.com\/img\/b16-rounded.gif"}}],"thr$total":{"$t":"2"}},{"id":{"$t":"tag:blogger.com,1999:blog-996511900533644707.post-651835209594207023"},"published":{"$t":"2013-11-26T01:07:00.002-08:00"},"updated":{"$t":"2013-11-26T01:08:31.000-08:00"},"category":[{"scheme":"http://www.blogger.com/atom/ns#","term":"Currencies"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Dollar News Update"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Forex News"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Trading"}],"title":{"type":"text","$t":"GBP\/USD inching higher"},"content":{"type":"html","$t":"\u003Cdiv dir=\"ltr\" style=\"text-align: left;\" trbidi=\"on\"\u003EThe bullish momentum in the sterling is now gathering steam, lifting the \u003Cb\u003EGBP\/USD\u003C\/b\u003E to the vicinity of 1.6200 the figure on Tuesday. \u003Cbr \/\u003E\u003Cbr \/\u003E\u003Cb\u003EGBP\/USD attention on the Inflation Report Hearings\u003C\/b\u003E\u003Cbr \/\u003E\u003Cbr \/\u003EThe risk appetite is reining in the markets in the European morning, allowing the pair to break above the recent attempt of consolidation between 1.6040 and 1.6060. In today’s main event for the pound, BoE’s Carney, Bean and Dale will testify before the Treasury Committee on the last Quarterly Inflation Report, although consensus almost ruled out a different tone from the last report. “We expect the BoE to repeat that the unexpectedly strong growth momentum is the reason that the MPC lowered its unemployment rate projection and that there could be a case for not raising the Bank Rate immediately at the 7% unemployment threshold”, observed Signe Roed-Frederiksen, Senior Analyst at Danske Bank. \u003Cbr \/\u003E\u003Cbr \/\u003E\u003Cb\u003EGBP\/USD key levels\u003C\/b\u003E\u003Cbr \/\u003E\u003Cbr \/\u003EThe pair is now up 0.20% at 1.6186 with the next resistance at 1.6241 (high Nov.25) ahead of 1.6248 (high Oct.25) and then 1.6258 (high Oct.23). On the flip side, a breakdown of 1.6134 (low Nov.25) would target 1.6105 (MA10d) en route to 1.6081 (MA50d).   \u003C\/div\u003E"},"link":[{"rel":"replies","type":"application/atom+xml","href":"http:\/\/allforexaffairs.blogspot.com\/feeds\/651835209594207023\/comments\/default","title":"Post Comments"},{"rel":"replies","type":"text/html","href":"http:\/\/allforexaffairs.blogspot.com\/2013\/11\/gbpusd-inching-highe.html#comment-form","title":"2 Comments"},{"rel":"edit","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/996511900533644707\/posts\/default\/651835209594207023"},{"rel":"self","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/996511900533644707\/posts\/default\/651835209594207023"},{"rel":"alternate","type":"text/html","href":"http:\/\/allforexaffairs.blogspot.com\/2013\/11\/gbpusd-inching-highe.html","title":"GBP\/USD inching higher"}],"author":[{"name":{"$t":"Jobz Corner"},"uri":{"$t":"http:\/\/www.blogger.com\/profile\/17270025105100797163"},"email":{"$t":"noreply@blogger.com"},"gd$image":{"rel":"http://schemas.google.com/g/2005#thumbnail","width":"16","height":"16","src":"https:\/\/img1.blogblog.com\/img\/b16-rounded.gif"}}],"thr$total":{"$t":"2"}},{"id":{"$t":"tag:blogger.com,1999:blog-996511900533644707.post-7696778356864916935"},"published":{"$t":"2013-11-26T00:30:00.000-08:00"},"updated":{"$t":"2013-11-26T00:30:04.232-08:00"},"category":[{"scheme":"http://www.blogger.com/atom/ns#","term":"Currencies"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Dollar News Update"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Forex News"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Trading"}],"title":{"type":"text","$t":"Strong Euro to Cut Region’s 2014 Growth"},"content":{"type":"html","$t":"\u003Cdiv dir=\"ltr\" style=\"text-align: left;\" trbidi=\"on\"\u003E\u003Cspan style=\"font-size: 15px;\"\u003EThe euro, the second best-performing major currency this year, has increased so much that it will weigh on economic growth in the euro region going into 2014, according to Nomura Holdings Inc.’s Jens Nordvig. The strength of the 17-nation shared currency, which has increased 2.4 percent versus the dollar year-to-date, the most after \u003Cb\u003EDenmark’s\u003C\/b\u003E krone, will trim euro area growth by 0.5 percent in 2014, said Nordvig. The shared currency was the fifth-worst performer among the greenback’s 16 most-traded counterparts in 2012. \u003Cbr \/\u003E\u003Cbr \/\u003E\u003C\/span\u003E\u003Cbr \/\u003E\u003Cdiv class=\"separator\" style=\"clear: both; text-align: center;\"\u003E\u003Cspan style=\"font-size: 15px;\"\u003E\u003Ca href=\"http:\/\/3.bp.blogspot.com\/-Xj-Dz-7dxR0\/UpRaAOJ_VhI\/AAAAAAAAAIY\/jNUYjcWp0o8\/s1600\/i79aILUdg_5c.jpg\" imageanchor=\"1\" style=\"clear: left; float: left; margin-bottom: 1em; margin-right: 1em;\"\u003E\u003Cimg border=\"0\" src=\"http:\/\/3.bp.blogspot.com\/-Xj-Dz-7dxR0\/UpRaAOJ_VhI\/AAAAAAAAAIY\/jNUYjcWp0o8\/s200\/i79aILUdg_5c.jpg\" \/\u003E\u003C\/a\u003E\u003C\/span\u003E\u003C\/div\u003E\u003Cspan style=\"font-size: 15px;\"\u003E“If you look at how much the euro has moved, and the impact that’s going to have on exports, it’s starting to be a real issue,” Nordvig, the New York-based managing director of currency research at Nomura, said in an interview on Bloomberg Radio’s “Surveillance” with Tom Keene and Michael McKee. “Last year, it was a dilemma about coming up with policies that really stated very clearly the euro is here to stay. It’s an ironic situation.” \u003Cbr \/\u003E\u003Cbr \/\u003EThe euro depreciated 0.4 percent to $1.3508 at 12:19 p.m. in New York after earlier falling as much as 0.5 percent. The shared currency rose to $1.3832 on Oct. 25, its highest level since November 2011. \u003Cbr \/\u003E\u003Cbr \/\u003EEurope’s currency climbed to a four-year high against the yen on Nov. 19 after a European Central Bank board member said policy makers must be “very careful” about using negative interest rates to counter low inflation. \u003Cbr \/\u003E\u003Cbr \/\u003EThe ECB is the only major central bank that hasn’t entertained the idea of quantitative easing, which means it has to consider different ways to come across as dovish in order to stem the rise in the euro, according to Nordvig. \u003Cbr \/\u003E\u003Cbr \/\u003E“It’s absolutely crucial that the ECB signals more clearly that they have more tools and are willing to use them as needed,” Nordvig said. “We should see urgency, and I think hopefully the ECB will start to get more aggressive.” \u003Cbr \/\u003E\u003Cbr \/\u003EThe 17-nation euro has gained 6.8 percent this year, making it the best performer out of 10 developed-nation currencies tracked by Bloomberg Correlation-Weighted Indexes. The dollar gained 4 percent and the yen slipped the most, 13 percent. \u003C\/span\u003E\u003C\/div\u003E"},"link":[{"rel":"replies","type":"application/atom+xml","href":"http:\/\/allforexaffairs.blogspot.com\/feeds\/7696778356864916935\/comments\/default","title":"Post Comments"},{"rel":"replies","type":"text/html","href":"http:\/\/allforexaffairs.blogspot.com\/2013\/11\/strong-euro-to-cut-regions-2014-growth.html#comment-form","title":"1 Comments"},{"rel":"edit","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/996511900533644707\/posts\/default\/7696778356864916935"},{"rel":"self","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/996511900533644707\/posts\/default\/7696778356864916935"},{"rel":"alternate","type":"text/html","href":"http:\/\/allforexaffairs.blogspot.com\/2013\/11\/strong-euro-to-cut-regions-2014-growth.html","title":"Strong Euro to Cut Region’s 2014 Growth"}],"author":[{"name":{"$t":"Jobz Corner"},"uri":{"$t":"http:\/\/www.blogger.com\/profile\/17270025105100797163"},"email":{"$t":"noreply@blogger.com"},"gd$image":{"rel":"http://schemas.google.com/g/2005#thumbnail","width":"16","height":"16","src":"https:\/\/img1.blogblog.com\/img\/b16-rounded.gif"}}],"media$thumbnail":{"xmlns$media":"http://search.yahoo.com/mrss/","url":"http:\/\/3.bp.blogspot.com\/-Xj-Dz-7dxR0\/UpRaAOJ_VhI\/AAAAAAAAAIY\/jNUYjcWp0o8\/s72-c\/i79aILUdg_5c.jpg","height":"72","width":"72"},"thr$total":{"$t":"1"}},{"id":{"$t":"tag:blogger.com,1999:blog-996511900533644707.post-4168532906031303914"},"published":{"$t":"2013-11-26T00:12:00.003-08:00"},"updated":{"$t":"2013-11-26T00:13:10.545-08:00"},"category":[{"scheme":"http://www.blogger.com/atom/ns#","term":"Brokers Directory"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Currencies"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Dollar News Update"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Trading"}],"title":{"type":"text","$t":"Yen Snaps Drop as BOJ Member Concerned on Economy"},"content":{"type":"html","$t":"\u003Cdiv dir=\"ltr\" style=\"text-align: left;\" trbidi=\"on\"\u003E\u003Cspan style=\"font-size: 15px;\"\u003EThe yen snapped a three-day decline versus the dollar after some Bank of \u003Cb\u003EJapan\u003C\/b\u003E officials said they saw risks to the outlook for the economy. The yen was supported after minutes of the BOJ’s October meeting published today showed one member said it was “highly uncertain” whether inflation would rise toward the 2 percent target. The euro gained after \u003Cb\u003EChina’s central bank\u003C\/b\u003E governor said the currency is important to his nation’s reserve management. European Central Bank Executive Board member Joerg Asmussen, who has said negative deposit rates are a possible tool, will speak today. Australia’s dollar rose after Reserve Bank Deputy Governor \u003Cb\u003EPhilip Lowe\u003C\/b\u003E said the bar for intervention is high. \u003Cbr \/\u003E\u003Cbr \/\u003E\u003Cdiv class=\"separator\" style=\"clear: both; text-align: center;\"\u003E\u003Ca href=\"http:\/\/1.bp.blogspot.com\/-cYmpghFjwMQ\/UpRVitsic8I\/AAAAAAAAAH4\/zwM_SA9nA9A\/s1600\/i0l0JO_5pQmg.jpg\" imageanchor=\"1\" style=\"clear: left; float: left; margin-bottom: 1em; margin-right: 1em;\"\u003E\u003Cimg border=\"0\" src=\"http:\/\/1.bp.blogspot.com\/-cYmpghFjwMQ\/UpRVitsic8I\/AAAAAAAAAH4\/zwM_SA9nA9A\/s200\/i0l0JO_5pQmg.jpg\" \/\u003E\u003C\/a\u003E\u003C\/div\u003EBOJ officials are “somewhat tentative and cautious,” said Callum Henderson, the global head of currency research at Standard Chartered Plc in Singapore. “Our expectation is for further gradual gains in dollar-yen, but it’ll be a slow grind rather than a dramatic move higher.” \u003Cbr \/\u003E\u003Cbr \/\u003EJapan’s currency gained 0.1 percent to 101.55 per dollar at 7:02 a.m. in \u003Cb\u003ELondon\u003C\/b\u003E after reaching 101.92 yesterday, the weakest since May 29. The yen was little changed at 137.40 per euro, above a four-year low. The euro rose 0.1 percent to $1.3531 from yesterday, when it slid 0.3 percent. \u003Cbr \/\u003E\u003Cbr \/\u003EThe BOJ said in April it wanted to achieve 2 percent \u003Cb\u003Einflation (ECCPEST)\u003C\/b\u003E in about two years. \u003Cb\u003EConsumer prices\u003C\/b\u003E excluding fresh food climbed 0.7 percent in September from a year ago. Central bank board member Sayuri Shirai proposed adding “attention should be paid to the downside risks” to the bank’s outlook report as “there was a high degree of uncertainty regarding developments in overseas economies and households’ employment and income situation,” the BOJ minutes showed. \u003Cbr \/\u003E\u003Cbr \/\u003E\u003Cb\u003EYen Gain\u003C\/b\u003E\u003Cbr \/\u003E\u003Cbr \/\u003EThe yen will probably strengthen to 100 per dollar by Dec. 31, according to the median estimate of analysts surveyed by Bloomberg. The euro will probably be at $1.34 by then, a separate poll showed. \u003Cbr \/\u003E\u003Cbr \/\u003EPeople’s Bank of China Governor \u003Cb\u003EZhou Xiaochuan\u003C\/b\u003E’s remarks on the euro were made in Beijing today, according to Market News International. \u003Cbr \/\u003E\u003Cbr \/\u003EThe ECB’s Asmussen is scheduled to speak in Berlin later today. He said on Nov. 23 he wouldn’t fundamentally exclude setting a negative deposit rate and that the central bank will continue to act if necessary to ensure \u003Cb\u003Eprice stability\u003C\/b\u003E. Council member Ardo Hansson said in an interview in Tallinn on Nov. 22 that the Frankfurt-based central bank’s “options on rate cuts are still not fully exhausted and there are all kinds of other measures that are still on the table.” \u003Cbr \/\u003E\u003Cbr \/\u003E\u003Cb\u003ESubdued Inflation \u003C\/b\u003E\u003Cbr \/\u003E\u003Cbr \/\u003EInflation in \u003Cb\u003EEurope\u003C\/b\u003E probably stayed close to the lowest level in almost four years in November with a reading of 0.8 percent, according to the median prediction of economists polled by \u003Cb\u003EBloomberg News\u003C\/b\u003E before a Nov. 29 report. \u003Cbr \/\u003E\u003Cbr \/\u003EECB policy makers will “continue to suggest that they may go down these alternate paths of negative rates, or possibly some kind of asset purchase, if and when they feel it’s necessary as the lack of inflation is becoming more entrenched,” said Emma Lawson, a Sydney-based senior currency strategist at National \u003Cb\u003EAustralia Bank Ltd\u003C\/b\u003E. “We are likely to see the euro come under pressure as they discuss all of their options.” \u003Cbr \/\u003E\u003Cbr \/\u003EThe Aussie climbed versus most of its major peers, advancing 0.3 percent to 91.86 U.S. cents. \u003Cbr \/\u003E\u003Cbr \/\u003E“We don’t rule intervention in or out, that’s been a long-standing practice,” the RBA’s Lowe said in response to an audience question following a speech in Sydney today. “In the past, we have been prepared to intervene in the \u003Cb\u003Ecurrency market\u003C\/b\u003E when it’s clear the currency was misaligned or the market wasn’t working well. The threshold for intervention though is fairly high.” \u003C\/span\u003E\u003C\/div\u003E"},"link":[{"rel":"replies","type":"application/atom+xml","href":"http:\/\/allforexaffairs.blogspot.com\/feeds\/4168532906031303914\/comments\/default","title":"Post Comments"},{"rel":"replies","type":"text/html","href":"http:\/\/allforexaffairs.blogspot.com\/2013\/11\/yen-snaps-drop-as-boj-member-concerned.html#comment-form","title":"2 Comments"},{"rel":"edit","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/996511900533644707\/posts\/default\/4168532906031303914"},{"rel":"self","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/996511900533644707\/posts\/default\/4168532906031303914"},{"rel":"alternate","type":"text/html","href":"http:\/\/allforexaffairs.blogspot.com\/2013\/11\/yen-snaps-drop-as-boj-member-concerned.html","title":"Yen Snaps Drop as BOJ Member Concerned on Economy"}],"author":[{"name":{"$t":"Jobz Corner"},"uri":{"$t":"http:\/\/www.blogger.com\/profile\/17270025105100797163"},"email":{"$t":"noreply@blogger.com"},"gd$image":{"rel":"http://schemas.google.com/g/2005#thumbnail","width":"16","height":"16","src":"https:\/\/img1.blogblog.com\/img\/b16-rounded.gif"}}],"media$thumbnail":{"xmlns$media":"http://search.yahoo.com/mrss/","url":"http:\/\/1.bp.blogspot.com\/-cYmpghFjwMQ\/UpRVitsic8I\/AAAAAAAAAH4\/zwM_SA9nA9A\/s72-c\/i0l0JO_5pQmg.jpg","height":"72","width":"72"},"thr$total":{"$t":"2"}},{"id":{"$t":"tag:blogger.com,1999:blog-996511900533644707.post-300680977754093797"},"published":{"$t":"2013-11-25T23:48:00.000-08:00"},"updated":{"$t":"2013-11-25T23:48:36.591-08:00"},"category":[{"scheme":"http://www.blogger.com/atom/ns#","term":"Currencies"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Dollar News Update"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Forex News"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Trading"}],"title":{"type":"text","$t":"Canadian Dollar Falls as Oil Prices Drop on Iran Deal"},"content":{"type":"html","$t":"\u003Cdiv dir=\"ltr\" style=\"text-align: left;\" trbidi=\"on\"\u003E\u003Cspan style=\"font-size: 15px;\"\u003EThe Canadian Dollar dropped to its lowest level in four months as the price of oil, Canada’s biggest export, fell after \u003Cb\u003EIran\u003C\/b\u003E and world powers reached an interim deal to set limits on its nuclear program. \u003Cbr \/\u003E\u003Cbr \/\u003EThe currency fell against the majority of its most-traded peers in the wake of the sixth-month agreement, which offers Iran about $7 billion in relief from sanctions in exchange for curbs on its nuclear program, while leaving in place banking and financial measures that have hampered its crude exports. World powers will continue negotiating for a more comprehensive deal to prevent Iran from developing nuclear weapons in exchange for ending sanctions. \u003Cbr \/\u003E\u003Cbr \/\u003E“There’s a longer-term view being built in there that this is going to turn open the spigot for Iranian crude oil production which would obviously impact crude \u003Cb\u003Eoil prices\u003C\/b\u003E negatively,” said Mark Frey, chief market strategist at Cambridge Mercantile Group, a global foreign exchange and payments provider, by phone from Victoria. “In the short term, yeah I think oil is going to trade heavy, and I think it’s going to hurt the commodity currencies and I think you’re going to see that in the Canadian dollar.” \u003Cbr \/\u003E\u003Cbr \/\u003EThe loonie, as the Canadian dollar is known for the image of the aquatic bird on the C$1 coin, fell 0.3 percent to C$1.0543 per U.S. dollar at 5 p.m. in Toronto. The currency earlier touched C$1.0583 per U.S. dollar, the lowest since July 8. One loonie buys 94.85 U.S. cents. \u003Cbr \/\u003E\u003Cbr \/\u003E\u003Cb\u003EImplied Volatility\u003C\/b\u003E\u003Cbr \/\u003E\u003Cbr \/\u003EThe cost to insure against declines in the loonie against its U.S. counterpart touched the highest point in almost two weeks. The three-month so-called 25-delta risk-reversal rate rose to 1.3475 percent after earlier touching 1.375 percent, the highest since Oct. 15. Risk reversals measure the premium on options contracts to sell Canadian dollars versus buying U.S. contracts that do the opposite. The 2103 average is 1.26 percent. \u003Cbr \/\u003E\u003Cbr \/\u003EImplied volatility for three-month options on the \u003Cb\u003EU.S. dollar\u003C\/b\u003E against its Canadian peer touched its highest point in almost 10 weeks. It reached 6.54 percent, the highest intraday level since Sept. 18. The measure is used to set option prices and gauge the expected pace of currency swings. The 2013 average is 6.69 percent. \u003Cbr \/\u003E\u003Cbr \/\u003EFutures on crude oil fell 0.7 percent to $94.17 per barrel in \u003Cb\u003ENew York\u003C\/b\u003E trading. \u003Cbr \/\u003E\u003Cbr \/\u003E“Canada, of course, has been overwhelmed by the drop in oil,” said Jane Foley, senior currency strategist at Rabobank International by phone from \u003Cb\u003ELondon\u003C\/b\u003E. “That factor alone is enough to dampen the Canadian dollar, but in the medium term, if lower oil prices come through in better growth data that will be good for \u003Cb\u003ECanada\u003C\/b\u003E, as well as everyone else.” \u003Cbr \/\u003E\u003Cbr \/\u003E\u003Cb\u003EIranian Agreement\u003C\/b\u003E\u003Cbr \/\u003E\u003Cbr \/\u003EOil exports from the Islamic republic will be held to about 1 million barrels a day under sanctions that remain in force after Iran and six world powers reached an agreement yesterday in Geneva, according to the White House. \u003Cbr \/\u003E\u003Cbr \/\u003EThe agreement offers what President \u003Cb\u003EBarack Obama\u003C\/b\u003E called targeted relief from sanctions, all of which can be imposed again if Iran doesn’t stick with its end of the bargain. It is intended as a first step to a comprehensive accord to be reached in six months to constrain Iran’s nuclear activities so that it can’t be used to make an atomic weapon, in exchange for a planned lifting of nuclear-related sanctions. \u003Cbr \/\u003E\u003Cbr \/\u003E“They see that as maybe opening up the door to more ample global supplies of oil if we can see supplies from Iran eventually lifted,” said \u003Cb\u003EJoe Manimbo\u003C\/b\u003E, a market analyst in \u003Cb\u003EWashington\u003C\/b\u003E at Western Union Business Solutions, a unit of Western Union Co. “So that’s seen as a step in the right direction in terms of global supply, so that’s putting some downward pressure on oil.” \u003Cbr \/\u003E\u003Cbr \/\u003ECanada’s benchmark 10-year government \u003Cb\u003Ebonds\u003C\/b\u003E rose, with yields falling two-basis points, or 0.02 percentage point, to 2.56 percent. The 1.5 percent security maturing in June 2023 added 15 cents to C$91.01. \u003Cbr \/\u003E\u003Cbr \/\u003EThe loonie has gained 1.3 percent in the last month against nine developed nation currencies tracked by the Bloomberg Correlation Weighted Index. The Australian dollar has had the biggest loss with a 2.7 percent drop while the U.S. dollar posted the biggest gains, rising 2.3 percent. \u003C\/span\u003E\u003C\/div\u003E"},"link":[{"rel":"replies","type":"application/atom+xml","href":"http:\/\/allforexaffairs.blogspot.com\/feeds\/300680977754093797\/comments\/default","title":"Post Comments"},{"rel":"replies","type":"text/html","href":"http:\/\/allforexaffairs.blogspot.com\/2013\/11\/canadian-dollar-falls-as-oil-prices.html#comment-form","title":"1 Comments"},{"rel":"edit","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/996511900533644707\/posts\/default\/300680977754093797"},{"rel":"self","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/996511900533644707\/posts\/default\/300680977754093797"},{"rel":"alternate","type":"text/html","href":"http:\/\/allforexaffairs.blogspot.com\/2013\/11\/canadian-dollar-falls-as-oil-prices.html","title":"Canadian Dollar Falls as Oil Prices Drop on Iran Deal"}],"author":[{"name":{"$t":"Jobz Corner"},"uri":{"$t":"http:\/\/www.blogger.com\/profile\/17270025105100797163"},"email":{"$t":"noreply@blogger.com"},"gd$image":{"rel":"http://schemas.google.com/g/2005#thumbnail","width":"16","height":"16","src":"https:\/\/img1.blogblog.com\/img\/b16-rounded.gif"}}],"thr$total":{"$t":"1"}},{"id":{"$t":"tag:blogger.com,1999:blog-996511900533644707.post-1919214553554819222"},"published":{"$t":"2013-11-25T23:21:00.000-08:00"},"updated":{"$t":"2013-11-25T23:21:38.888-08:00"},"category":[{"scheme":"http://www.blogger.com/atom/ns#","term":"Currencies"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Dollar News Update"}],"title":{"type":"text","$t":"AUD\/USD bounces Tuesday on RBA chatter"},"content":{"type":"html","$t":"\u003Cdiv dir=\"ltr\" style=\"text-align: left;\" trbidi=\"on\"\u003E\u003Cspan style=\"font-size: 15px;\"\u003EThe \u003Cb\u003EAUD\/USD\u003C\/b\u003E finally showed some signs of life Tuesday after comments from the RBA’s Phillip Lowe – despite being somewhat dovish on the surface – failed to further tank the oversold cross. \u003Cbr \/\u003E\u003Cbr \/\u003E\u003Cb\u003EAUD\/USD traders hoping this is more than just an intraday bounce\u003C\/b\u003E\u003Cbr \/\u003E\u003Cbr \/\u003EThose brave souls that are long of the AUD\/USD right now are hoping among hope that the bounce that occurred early Tuesday following the RBA’s Phillip Lowe’s speech will amount to something more than just another opportunity to sell. That may be a very difficult dream to realize, though, given the very bearish technical condition the AUD\/USD finds itself in right now. \u003Cbr \/\u003E\u003Cbr \/\u003E\u003Cb\u003EAUD\/USD\u003C\/b\u003E traders have no more data to which they can react until the US session commences later on Tuesday. At that point, though, they will get to react to S\u0026amp;P Case Schiller Home Prices; US Building Permits; US Housing Starts; US Consumer Confidence and the US Richmond Fed Manufacturing Index. \u003Cbr \/\u003E\u003Cbr \/\u003E\u003Cb\u003ETechnical outlook for AUD\/USD\u003C\/b\u003E\u003Cbr \/\u003E\u003Cbr \/\u003ETechnicians note that the AUD\/USD has broken below very important technical “correction support” at 0.9190. That level represented the 100% Fibonacci price projection for what could have been an “abc” correction to the downside. Now that “correction support” has been broken, much more downside potential has been opened up in the short-term. The next projected support comes in at the Fibonacci-generated 0.906225 and 0.8983. The ultimate target, though, may be all the way down at the August low of 0.8847. Resistance for the cross starts at the very short-term “correction resistance” at 0.9195 and is backed up by the 11\/12 close at 0.9301. \u003C\/span\u003E\u003C\/div\u003E"},"link":[{"rel":"replies","type":"application/atom+xml","href":"http:\/\/allforexaffairs.blogspot.com\/feeds\/1919214553554819222\/comments\/default","title":"Post Comments"},{"rel":"replies","type":"text/html","href":"http:\/\/allforexaffairs.blogspot.com\/2013\/11\/audusd-bounces-tuesday-on-rba-chatter.html#comment-form","title":"1 Comments"},{"rel":"edit","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/996511900533644707\/posts\/default\/1919214553554819222"},{"rel":"self","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/996511900533644707\/posts\/default\/1919214553554819222"},{"rel":"alternate","type":"text/html","href":"http:\/\/allforexaffairs.blogspot.com\/2013\/11\/audusd-bounces-tuesday-on-rba-chatter.html","title":"AUD\/USD bounces Tuesday on RBA chatter"}],"author":[{"name":{"$t":"Jobz Corner"},"uri":{"$t":"http:\/\/www.blogger.com\/profile\/17270025105100797163"},"email":{"$t":"noreply@blogger.com"},"gd$image":{"rel":"http://schemas.google.com/g/2005#thumbnail","width":"16","height":"16","src":"https:\/\/img1.blogblog.com\/img\/b16-rounded.gif"}}],"thr$total":{"$t":"1"}},{"id":{"$t":"tag:blogger.com,1999:blog-996511900533644707.post-7331392492416236114"},"published":{"$t":"2013-11-25T06:01:00.000-08:00"},"updated":{"$t":"2013-11-25T06:02:16.094-08:00"},"category":[{"scheme":"http://www.blogger.com/atom/ns#","term":"Currencies"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Dollar News Update"}],"title":{"type":"text","$t":"EUR\/GBP stuck back in range"},"content":{"type":"html","$t":"\u003Cdiv dir=\"ltr\" style=\"text-align: left;\" trbidi=\"on\"\u003E\u003Cspan style=\"font-size: 15px;\"\u003EEUR\/GBP is a slow start on the week, with a high of 0.8363 and a low of 0.8340, the pair awaits developments towards the end of the week \u003Cbr \/\u003E\u003Cbr \/\u003EStrategists at TD Securities notes that a remark from an \u003Cb\u003EECB\u003C\/b\u003E member that the Bank is ‘ready’ to cut interest rates further is the only noteworthy fundamental development in the EZ since Friday. “However, the comment came from a non-key board member (Hansson) and was not really anything we haven't’ heard already, so the impact has not been particularly significant. Today and the days ahead are light on data which suggests neutral, rangey trading could continue to be the prevailing tone. With the ECB’s focus on deflationary concerns lately the flash CPI reports on Thursday\/Friday should be the defining events of the week. \u003Cbr \/\u003E\u003Cbr \/\u003E\u003Cb\u003EEUR\/GBP Levels\u003C\/b\u003E\u003Cbr \/\u003E\u003Cbr \/\u003EThe 20 DMA is 0.8416, the 50 DMA is 0.8431 and the 200 DMA is 0.8521. RSI (14) reads 53.20. Supports are ascending from 0.8266, 0.8285, 0.8300, 0.8317. Spot is 0.8347 while resistances are 0.8370, 0.8395, 0.8415 and 0.8464. \u003C\/span\u003E\u003C\/div\u003E"},"link":[{"rel":"replies","type":"application/atom+xml","href":"http:\/\/allforexaffairs.blogspot.com\/feeds\/7331392492416236114\/comments\/default","title":"Post Comments"},{"rel":"replies","type":"text/html","href":"http:\/\/allforexaffairs.blogspot.com\/2013\/11\/eurgbp-stuck-back-in-range.html#comment-form","title":"1 Comments"},{"rel":"edit","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/996511900533644707\/posts\/default\/7331392492416236114"},{"rel":"self","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/996511900533644707\/posts\/default\/7331392492416236114"},{"rel":"alternate","type":"text/html","href":"http:\/\/allforexaffairs.blogspot.com\/2013\/11\/eurgbp-stuck-back-in-range.html","title":"EUR\/GBP stuck back in range"}],"author":[{"name":{"$t":"Jobz Corner"},"uri":{"$t":"http:\/\/www.blogger.com\/profile\/17270025105100797163"},"email":{"$t":"noreply@blogger.com"},"gd$image":{"rel":"http://schemas.google.com/g/2005#thumbnail","width":"16","height":"16","src":"https:\/\/img1.blogblog.com\/img\/b16-rounded.gif"}}],"thr$total":{"$t":"1"}},{"id":{"$t":"tag:blogger.com,1999:blog-996511900533644707.post-6057620075622230805"},"published":{"$t":"2013-11-25T01:00:00.000-08:00"},"updated":{"$t":"2013-11-26T23:59:48.005-08:00"},"category":[{"scheme":"http://www.blogger.com/atom/ns#","term":"Currencies"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Dollar News Update"}],"title":{"type":"text","$t":"EUR\/USD sidelined around 1.3530"},"content":{"type":"html","$t":"\u003Cdiv dir=\"ltr\" style=\"text-align: left;\" trbidi=\"on\"\u003E\u003Cspan style=\"font-size: 15px;\"\u003EThe shared currency is comfortably trading in a very narrow range so far, taking the \u003Cb\u003EEUR\/USD\u003C\/b\u003E to the area of 1.3530 pre-European open on Tuesday. \u003Cbr \/\u003E\u003Cbr \/\u003E\u003Cb\u003EEUR\/USD focus on US docket\u003C\/b\u003E\u003Cbr \/\u003E\u003Cbr \/\u003EFlat calendar in the euro area today, with only a gauge of the Italian Consumer Confidence (97.3 exp.) and Spanish auction of 3m and 9m Letras. Across the pond, key housing data are due: Building Permits, Housing Starts and the S\u0026amp;P\/Case Shiller index, all ahead of the Consumer Confidence, with consensus expecting an improvement to 72.9 for November. In the opinion of Jason Sen, Analyst at DayTradeIdeas.com, “Immediate trend line support is 1.3530\/20 but below here signals further weakness to 1.3499\/95… More chance of a move to the downside this week \u0026amp; perhaps a test of last week's low at 1.3399. Only above 1.3595 is positive this week \u0026amp; can target October highs at 1.3832”. \u003Cbr \/\u003E\u003Cbr \/\u003E\u003Cb\u003EEUR\/USD key levels\u003C\/b\u003E\u003Cbr \/\u003E\u003Cbr \/\u003EThe pair is now advancing 0.07% at 1.3529 with the next resistance at 1.3544 (daily cloud top) followed by 1.3561 (high Nov.25) and then 1.3584 (high Nov.20). On the downside, a break below 1.3490 (low Nov.25) would expose 1.3463 (low Nov.22) and then 1.3404 (daily cloud base). \u003C\/span\u003E\u003C\/div\u003E"},"link":[{"rel":"replies","type":"application/atom+xml","href":"http:\/\/allforexaffairs.blogspot.com\/feeds\/6057620075622230805\/comments\/default","title":"Post Comments"},{"rel":"replies","type":"text/html","href":"http:\/\/allforexaffairs.blogspot.com\/2013\/11\/eurusd-sidelined-around-13530.html#comment-form","title":"1 Comments"},{"rel":"edit","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/996511900533644707\/posts\/default\/6057620075622230805"},{"rel":"self","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/996511900533644707\/posts\/default\/6057620075622230805"},{"rel":"alternate","type":"text/html","href":"http:\/\/allforexaffairs.blogspot.com\/2013\/11\/eurusd-sidelined-around-13530.html","title":"EUR\/USD sidelined around 1.3530"}],"author":[{"name":{"$t":"Jobz Corner"},"uri":{"$t":"http:\/\/www.blogger.com\/profile\/17270025105100797163"},"email":{"$t":"noreply@blogger.com"},"gd$image":{"rel":"http://schemas.google.com/g/2005#thumbnail","width":"16","height":"16","src":"https:\/\/img1.blogblog.com\/img\/b16-rounded.gif"}}],"thr$total":{"$t":"1"}}]}});