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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":{"$t":"tag:blogger.com,1999:blog-996511900533644707.post-6785806833430402269"},"published":{"$t":"2013-11-28T03:30:00.000-08:00"},"updated":{"$t":"2013-11-28T03:30:02.725-08:00"},"category":[{"scheme":"http://www.blogger.com/atom/ns#","term":"Currencies"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Forex News"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Trading"}],"title":{"type":"text","$t":"U.K. Recovery Seen at Risk as Rebalancing Eludes Economy"},"content":{"type":"html","$t":"\u003Cdiv dir=\"ltr\" style=\"text-align: left;\" trbidi=\"on\"\u003E\u003Cspan style=\"font-size: 15px;\"\u003EBritain’s consumer and housing-driven recovery, the fastest among Group of Seven nations, risks losing steam unless export growth picks up, economists said. \u003Cbr \/\u003E\u003Cbr \/\u003EWhile the economy grew the fastest in more than two years in the three months through September, the expansion was led by consumer spending, construction and stock building. Net trade knocked 0.9 percentage point off GDP, the most since the second quarter of 2011. \u003Cbr \/\u003E\u003Cbr \/\u003E\u003Cdiv class=\"separator\" style=\"clear: both; text-align: center;\"\u003E\u003Ca href=\"http:\/\/1.bp.blogspot.com\/-xjnwPuOKFgk\/Upb6_uihKcI\/AAAAAAAAALk\/b_BSTLaSA5U\/s1600\/iJqrySK09X2E.jpg\" imageanchor=\"1\" style=\"clear: left; float: left; margin-bottom: 1em; margin-right: 1em;\"\u003E\u003Cimg border=\"0\" src=\"http:\/\/1.bp.blogspot.com\/-xjnwPuOKFgk\/Upb6_uihKcI\/AAAAAAAAALk\/b_BSTLaSA5U\/s320\/iJqrySK09X2E.jpg\" \/\u003E\u003C\/a\u003E\u003C\/div\u003EBank of England Governor Mark Carney this week extolled the strength of the economy’s revival, while acknowledging that weak growth in the euro area may weigh on the export outlook and limit rebalancing of the economy. Part of the domestic demand is linked to a revival in the housing market, which has fueled concerns of a brewing bubble. Carney will address those risks at a press conference in London today. \u003Cbr \/\u003E\u003Cbr \/\u003E“The consumer is a big part of the economy, so it’s always going to be an important component of growth but it shouldn’t be the sole component,” said Carl Astorri, senior economic adviser to the EY ITEM Club. “To get the stronger recovery that we’re forecasting for next year does rely on it broadening out.” \u003Cbr \/\u003E\u003Cbr \/\u003EThe U.K. economy grew 0.8 percent in the last quarter, the Office for National Statistics said yesterday. Investment in private-sector dwellings climbed 5.9 percent, the most in two years. Consumer spending increased for an eighth consecutive quarter. Exports, which account for about one third of the economy, fell 2.4 percent, the most in more than two years. \u003C\/span\u003E\u003C\/div\u003E"},"link":[{"rel":"replies","type":"application/atom+xml","href":"http:\/\/allforexaffairs.blogspot.com\/feeds\/6785806833430402269\/comments\/default","title":"Post Comments"},{"rel":"replies","type":"text/html","href":"http:\/\/allforexaffairs.blogspot.com\/2013\/11\/uk-recovery-seen-at-risk-as-rebalancing.html#comment-form","title":"2 Comments"},{"rel":"edit","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/996511900533644707\/posts\/default\/6785806833430402269"},{"rel":"self","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/996511900533644707\/posts\/default\/6785806833430402269"},{"rel":"alternate","type":"text/html","href":"http:\/\/allforexaffairs.blogspot.com\/2013\/11\/uk-recovery-seen-at-risk-as-rebalancing.html","title":"U.K. Recovery Seen at Risk as Rebalancing Eludes 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$media":"http://search.yahoo.com/mrss/","url":"http:\/\/1.bp.blogspot.com\/-xjnwPuOKFgk\/Upb6_uihKcI\/AAAAAAAAALk\/b_BSTLaSA5U\/s72-c\/iJqrySK09X2E.jpg","height":"72","width":"72"},"thr$total":{"$t":"2"}},{"id":{"$t":"tag:blogger.com,1999:blog-996511900533644707.post-2671457281418536824"},"published":{"$t":"2013-11-28T02:30:00.000-08:00"},"updated":{"$t":"2013-11-28T02:30:00.372-08:00"},"category":[{"scheme":"http://www.blogger.com/atom/ns#","term":"Forex News"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Trading"}],"title":{"type":"text","$t":"Brazil Lifts Selic to 10% on High Inflation, Low Confidence"},"content":{"type":"html","$t":"\u003Cdiv dir=\"ltr\" style=\"text-align: left;\" trbidi=\"on\"\u003E\u003Cspan style=\"font-size: 15px;\"\u003EBrazil’s central bank raised its key interest rate for a sixth time, extending the world’s biggest tightening cycle as a weaker currency and widening budget deficit spur inflation pressures. \u003Cbr \/\u003E\u003Cbr \/\u003EThe bank’s board, led by President Alexandre Tombini, voted 8-0 to raise the Selic today to 10 percent from 9.5 percent, as forecast by 50 of the 52 economists surveyed by Bloomberg. Two analysts predicted a 25 basis-point increase. \u003Cbr \/\u003E\u003Cbr \/\u003EThe decision sought to “give continuation to the adjustment of the benchmark rate that began in the April 2013 meeting,” policy makers said in their statement posted on the central bank’s website. Board members removed from the statement a phrase used after the previous decision saying the increase would ensure inflation’s continued slowing in 2014. \u003Cbr \/\u003E\u003Cbr \/\u003EBrazil’s central bank has raised borrowing costs by 275 basis points since April as the real dropped the most among major currencies and deteriorating fiscal accounts sparked concern of a credit downgrade. Investor pessimism on Brazil’s economy means there is no room to let up on inflation, according to Enestor Dos Santos, principal economist at Banco Bilbao Vizcaya Argentaria and the top Selic forecaster according to data compiled by Bloomberg. \u003Cbr \/\u003E\u003Cbr \/\u003E“The burden is on the central bank’s shoulders,” Dos Santos said by phone before today’s decision. “The central bank is fighting to regain lost credibility. Inflation expectations for next year remain elevated.” \u003Cbr \/\u003E\u003Cbr \/\u003ESwap rates on the contract maturing in January 2015, the most traded in Sao Paulo today, fell one basis point to 10.82 percent. The real fell 1.5 percent to 2.3305 per dollar, extending its decline this year to 12 percent. \u003C\/span\u003E\u003C\/div\u003E"},"link":[{"rel":"replies","type":"application/atom+xml","href":"http:\/\/allforexaffairs.blogspot.com\/feeds\/2671457281418536824\/comments\/default","title":"Post Comments"},{"rel":"replies","type":"text/html","href":"http:\/\/allforexaffairs.blogspot.com\/2013\/11\/brazil-lifts-selic-to-10-on-high.html#comment-form","title":"1 Comments"},{"rel":"edit","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/996511900533644707\/posts\/default\/2671457281418536824"},{"rel":"self","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/996511900533644707\/posts\/default\/2671457281418536824"},{"rel":"alternate","type":"text/html","href":"http:\/\/allforexaffairs.blogspot.com\/2013\/11\/brazil-lifts-selic-to-10-on-high.html","title":"Brazil Lifts Selic to 10% on High Inflation, Low Confidence"}],"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":{"$t":"tag:blogger.com,1999:blog-996511900533644707.post-8256770658398975336"},"published":{"$t":"2013-11-27T03:00:00.001-08:00"},"updated":{"$t":"2013-11-27T03:00:14.516-08:00"},"category":[{"scheme":"http://www.blogger.com/atom/ns#","term":"Currencies"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Forex News"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Trading"}],"title":{"type":"text","$t":"Infinity Studying Failed Hong Kong Mercantile Exchange"},"content":{"type":"html","$t":"\u003Cdiv dir=\"ltr\" style=\"text-align: left;\" trbidi=\"on\"\u003EA private equity firm backed by the China Development Bank Corp. is studying the Hong Kong Mercantile Exchange Ltd., a commodities market that suspended operations this year, for investment opportunities. \u003Cbr \/\u003E\u003Cbr \/\u003E“I’m going in as a director to simply get an understanding,” said Jianrui Xiong, a Hong Kong-based venture partner at Infinity Group, which manages 10 billion yuan ($1.6 billion) in assets. “I want to understand whether this company can solve its previous issues and whether it’ll be a clean company going forward. If it is clean, then we may have some investment opportunities.” \u003Cbr \/\u003E\u003Cbr \/\u003E\u003Cdiv class=\"separator\" style=\"clear: both; text-align: center;\"\u003E\u003Ca href=\"http:\/\/3.bp.blogspot.com\/-n9YDynGDjuk\/UpW2DiGNhjI\/AAAAAAAAAIs\/imOgT-bnRAQ\/s1600\/iTUdhTovbUJI.jpg\" imageanchor=\"1\" style=\"clear: left; float: left; margin-bottom: 1em; margin-right: 1em;\"\u003E\u003Cimg border=\"0\" src=\"http:\/\/3.bp.blogspot.com\/-n9YDynGDjuk\/UpW2DiGNhjI\/AAAAAAAAAIs\/imOgT-bnRAQ\/s200\/iTUdhTovbUJI.jpg\" \/\u003E\u003C\/a\u003E\u003C\/div\u003EAn investment by Infinity could help revive the exchange, which surrendered its trading license in May after failing to attract enough revenue to support operations. Barry Cheung, the largest shareholder and chairman, is seeking to raise funds to repay debts and unpaid wages. \u003Cbr \/\u003E\u003Cbr \/\u003EPolice investigated Hong Kong Mercantile Exchange, also known as HKMEx, after the regulator said it found suspected financial irregularities. Cheung said the bourse is a victim, having been provided with financial documents it didn’t know were false. \u003C\/div\u003E"},"link":[{"rel":"replies","type":"application/atom+xml","href":"http:\/\/allforexaffairs.blogspot.com\/feeds\/8256770658398975336\/comments\/default","title":"Post Comments"},{"rel":"replies","type":"text/html","href":"http:\/\/allforexaffairs.blogspot.com\/2013\/11\/infinity-studying-failed-hong-kong.html#comment-form","title":"1 Comments"},{"rel":"edit","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/996511900533644707\/posts\/default\/8256770658398975336"},{"rel":"self","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/996511900533644707\/posts\/default\/8256770658398975336"},{"rel":"alternate","type":"text/html","href":"http:\/\/allforexaffairs.blogspot.com\/2013\/11\/infinity-studying-failed-hong-kong.html","title":"Infinity Studying Failed Hong Kong Mercantile Exchange"}],"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$media":"http://search.yahoo.com/mrss/","url":"http:\/\/3.bp.blogspot.com\/-n9YDynGDjuk\/UpW2DiGNhjI\/AAAAAAAAAIs\/imOgT-bnRAQ\/s72-c\/iTUdhTovbUJI.jpg","height":"72","width":"72"},"thr$total":{"$t":"1"}},{"id":{"$t":"tag:blogger.com,1999:blog-996511900533644707.post-2880987134817276"},"published":{"$t":"2013-11-27T02:30:00.000-08:00"},"updated":{"$t":"2013-11-27T02:30:01.873-08:00"},"category":[{"scheme":"http://www.blogger.com/atom/ns#","term":"Currencies"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Forex News"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Trading"}],"title":{"type":"text","$t":"Thailand Unexpectedly Cuts Rate as Protests Crimp Outlook"},"content":{"type":"html","$t":"\u003Cdiv dir=\"ltr\" style=\"text-align: left;\" trbidi=\"on\"\u003E\u003Cspan style=\"font-size: 15px;\"\u003EThailand unexpectedly cut its key interest rate for a second time this year, as escalating anti-government protests threaten investor confidence and local demand, hurting the nation’s growth outlook. The baht fell. \u003Cbr \/\u003E\u003Cbr \/\u003EThe Bank of Thailand cut its one-day bond repurchase rate by a quarter of a percentage point to 2.25 percent, with monetary policy committee members voting six-to-one in favor of the decision, it said in Bangkok today. All 19 economists in a Bloomberg survey predicted the rate would be held. \u003Cbr \/\u003E\u003Cbr \/\u003EThai protesters this week besieged government ministries and urged civil servants to join a push to oust Prime Minister Yingluck Shinawatra, an escalation of rallies that began a month ago against an amnesty for most political offenses stretching back to the 2006 coup that ousted her brother Thaksin. The economy expanded a less-than-estimated 1.3 percent in the third quarter from the previous three months. \u003Cbr \/\u003E\u003Cbr \/\u003E“The central bank seems to be concerned about growth and the sluggish exports, and on top of that, there’s the political concern,” said Kozo Hasegawa, a Bangkok-based foreign-exchange trader at Sumitomo Mitsui Banking Corp. “Should the protests prolong and impact government spending, tourism and the economy further, they could consider another cut.” \u003Cbr \/\u003E\u003Cbr \/\u003EThe baht reversed earlier gains to slip 0.2 percent to 32.16 against the dollar as of 3:25 p.m. local time, the weakest level since Sept. 11. The SET Index of shares extended gains, climbing 0.6 percent. \u003Cbr \/\u003E\u003Cbr \/\u003E\u003Cb\u003EHigher Risks\u003C\/b\u003E\u003Cbr \/\u003E\u003Cbr \/\u003EProtest leader Suthep Thaugsuban, who oversaw a deadly crackdown on Thaksin supporters when he was deputy premier in 2010, has called for a nationwide program of civil disobedience to bring down the administration of Yingluck, whose Pheu Thai party won a parliamentary majority in elections in 2011. A confidence vote is scheduled for tomorrow. \u003Cbr \/\u003E\u003Cbr \/\u003EThe Thai central bank today cut its 2013 growth forecast to about 3 percent from 3.7 percent earlier, and its 2014 estimate to about 4 percent from 4.8 percent. “There are higher downside risks to growth stemming from delays in government investment and fragile private confidence, which could be compounded by the ongoing political situation,” Assistant Governor Paiboon Kittisrikangwan said at a briefing today. “Given the benign inflation outlook and moderating household credit growth, there is room for monetary policy to mitigate downside risks to the economy.” \u003Cbr \/\u003E\u003Cbr \/\u003EYingluck’s administration has tried to speed up budget disbursement and boost local demand as plans to spend 2 trillion baht ($62 billion) on infrastructure and 350 billion baht on water management projects have stalled. Consumer confidence in October fell to the lowest since March 2012, while exports slipped for a second straight month, data earlier today showed. \u003Cbr \/\u003E\u003Cbr \/\u003EThe state forecasting agency this month cut its full-year expansion estimate to 3 percent from a range of 3.8 percent to 4.3 percent, and said it expected no export growth this year. \u003Cbr \/\u003E\u003Cbr \/\u003E“Political instability has retarded progress on infrastructure development and thereby constrained Thailand’s growth,” Fitch Ratings said in a statement earlier today. “Moreover, political noise could increase investor skittishness as the U.S. Fed’s tapering of quantitative easing draws closer.” \u003C\/span\u003E\u003C\/div\u003E"},"link":[{"rel":"replies","type":"application/atom+xml","href":"http:\/\/allforexaffairs.blogspot.com\/feeds\/2880987134817276\/comments\/default","title":"Post Comments"},{"rel":"replies","type":"text/html","href":"http:\/\/allforexaffairs.blogspot.com\/2013\/11\/thailand-unexpectedly-cuts-rate-as.html#comment-form","title":"6 Comments"},{"rel":"edit","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/996511900533644707\/posts\/default\/2880987134817276"},{"rel":"self","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/996511900533644707\/posts\/default\/2880987134817276"},{"rel":"alternate","type":"text/html","href":"http:\/\/allforexaffairs.blogspot.com\/2013\/11\/thailand-unexpectedly-cuts-rate-as.html","title":"Thailand Unexpectedly Cuts Rate as Protests Crimp Outlook"}],"author":[{"name":{"$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":{"$t":"6"}},{"id":{"$t":"tag:blogger.com,1999:blog-996511900533644707.post-8417909808124146570"},"published":{"$t":"2013-11-27T00:30:00.000-08:00"},"updated":{"$t":"2013-11-27T23:52:05.580-08:00"},"category":[{"scheme":"http://www.blogger.com/atom/ns#","term":"Forex News"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Trading"}],"title":{"type":"text","$t":"GDP rises 1.9% in Q3"},"content":{"type":"html","$t":"\u003Cdiv dir=\"ltr\" style=\"text-align: left;\" trbidi=\"on\"\u003E\u003Cspan style=\"font-size: 15px;\"\u003EOn an annuual basis Swiss GDP increased 1.9% in Q3, following a 2.5% rise registered the previous quarter, according to data released today the State Secretariat for Economic Affairs SECO. This result higher than market consensus of +1.7%. \u003Cbr \/\u003E\u003Cbr \/\u003EQuarter-over-quarter GDP rose 0.5% in Q3, following +0.5% in Q2 and slightly above expectations of 0.4% growth. \u003C\/span\u003E\u003C\/div\u003E"},"link":[{"rel":"replies","type":"application/atom+xml","href":"http:\/\/allforexaffairs.blogspot.com\/feeds\/8417909808124146570\/comments\/default","title":"Post Comments"},{"rel":"replies","type":"text/html","href":"http:\/\/allforexaffairs.blogspot.com\/2013\/11\/gdp-rises-19-in-q3.html#comment-form","title":"2 Comments"},{"rel":"edit","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/996511900533644707\/posts\/default\/8417909808124146570"},{"rel":"self","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/996511900533644707\/posts\/default\/8417909808124146570"},{"rel":"alternate","type":"text/html","href":"http:\/\/allforexaffairs.blogspot.com\/2013\/11\/gdp-rises-19-in-q3.html","title":"GDP rises 1.9% in Q3"}],"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":{"$t":"tag:blogger.com,1999:blog-996511900533644707.post-2286692542046563083"},"published":{"$t":"2013-11-27T00:06:00.000-08:00"},"updated":{"$t":"2013-11-27T00:09:05.778-08:00"},"category":[{"scheme":"http://www.blogger.com/atom/ns#","term":"Buzzing Stocks"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Forex News"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Trading"}],"title":{"type":"text","$t":"Brazil Extending World’s Biggest Rate Rise to Regain Credibility"},"content":{"type":"html","$t":"\u003Cdiv dir=\"ltr\" style=\"text-align: left;\" trbidi=\"on\"\u003E\u003Cspan style=\"font-size: 15px;\"\u003EBrazil’s central bank probably will raise the benchmark interest rate for a sixth straight meeting in an effort to convince investors that policy makers are serious about slowing inflation back to its target. \u003Cbr \/\u003E\u003Cbr \/\u003EPolicy makers led by central bank President Alexandre Tombini will lift the Selic rate to 10 percent from 9.50 percent today, according to 50 of 52 economists surveyed by Bloomberg. Two analysts expect a 0.25 percentage-point boost. The bank is scheduled to announce its decision after 6:00 p.m. local time. \u003Cbr \/\u003E\u003Cbr \/\u003EBefore embarking on the world’s biggest interest rate increase this year, policy makers slashed borrowing costs to a record even as consumer price increases exceeded the 4.5 percent goal. The past decisions coupled with higher public spending led investors to speculate the government had abandoned its inflation target, hurting the central bank’s credibility, former bank President Carlos Langoni said. Now, the effort to tame above-target inflation is also being undercut by a weaker currency and a widening budget gap. “The central bank is trying to make up for past mistakes,” Langoni, who is head of the World Economic Center at Fundacao Getulio Vargas, said in an interview at his office in Rio de Janeiro. “Since they lost credibility, they probably have to overshoot the interest rate.” \u003Cbr \/\u003E\u003Cbr \/\u003EAnalysts forecast Tombini will fail to meet his pledge to slow inflation in 2014 from 2013 as the biggest decline amid major currencies in the past six months reignites price increases. They predict inflation will accelerate to 5.92 percent in 2014 from 5.82 percent this year, according to a central bank survey published Nov. 25. \u003C\/span\u003E\u003C\/div\u003E"},"link":[{"rel":"replies","type":"application/atom+xml","href":"http:\/\/allforexaffairs.blogspot.com\/feeds\/2286692542046563083\/comments\/default","title":"Post Comments"},{"rel":"replies","type":"text/html","href":"http:\/\/allforexaffairs.blogspot.com\/2013\/11\/brazil-extending-worlds-biggest-rate.html#comment-form","title":"4 Comments"},{"rel":"edit","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/996511900533644707\/posts\/default\/2286692542046563083"},{"rel":"self","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/996511900533644707\/posts\/default\/2286692542046563083"},{"rel":"alternate","type":"text/html","href":"http:\/\/allforexaffairs.blogspot.com\/2013\/11\/brazil-extending-worlds-biggest-rate.html","title":"Brazil Extending World’s Biggest Rate Rise to Regain Credibility"}],"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-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-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":{"$t":"tag:blogger.com,1999:blog-996511900533644707.post-4931575536419501968"},"published":{"$t":"2013-11-26T01:00:00.000-08:00"},"updated":{"$t":"2013-11-26T01:00:09.883-08:00"},"category":[{"scheme":"http://www.blogger.com/atom/ns#","term":"Forex News"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Trading"}],"title":{"type":"text","$t":"Europe flat ahead of BoE inflation report hearing"},"content":{"type":"html","$t":"\u003Cdiv dir=\"ltr\" style=\"text-align: left;\" trbidi=\"on\"\u003E\u003Cspan style=\"font-size: 15px;\"\u003EEuropean indices are expected to open relatively flat on Tuesday, with FTSE and CAC futures a couple of points lower, while DAX futures are slightly higher. It’s looking like being another quiet day in the financial markets, similar to what we saw on Monday, with trading volumes being reduced as a result of a lack of economic data or market moving news. Today is looking no different, particularly in the European session, when no medium or high impact data is scheduled for release. The only noteworthy event this morning will be the inflation report hearing, when BoE Governor Mark Carney will testify, along with other members of the MPC, in front of Parliament’s Treasury Committee. While this can bring with it a certain amount of volatility, as MPC members go into more detail about certain aspects of recent policy decisions, I’m not expecting much from the testimony today. The main reason for this is simply that Carney and the MPC have been very transparent about what they expect from the economy and how they intend to react to it, particularly at the inflation report press conference a couple of weeks ago. They provided the new forecasts for growth, inflation and unemployment and stated that they will stick with the initial forward guidance, despite the revised forecasts showing unemployment dropping to 7% much earlier than originally expected. I’m not sure what we can learn from today’s testimony that we don’t already know, although that doesn’t mean we shouldn’t pay attention. These things have a tendency to surprise us when we’re least expecting it. Aside from this, we’ll have to wait for the US session this afternoon for the markets to pick up, but even then it’s expected to remain relatively quiet. What we’re seeing this week is the calm before the storm, with next week bringing a number of central bank meetings, including the RBA, ECB and the BoE, the Fed Chair nomination, the Beige Book and a large number of economic releases, including the all important US jobs report on Friday. What this means for this week is that we’ll probably continue to see the likes of the S\u0026amp;P and the Dow grinding higher and hitting new record highs along the way, but when it comes to the end of the week, investors may become a little more risk averse. That said, this could depend on what we get from the data and whether it changes peoples view that the government shutdown in October had no direct impact on the economy, and more importantly, consumer and business confidence. We have some data being released later that could impact people’s view on this, starting with housing starts and building permits for September and October. While this is less likely to have a significant impact on housing than say, consumer spending or business investment, it can still have some impact. I don’t expect that to be the case though, with both actually seen improving slightly compared to August. The biggest release today will be the November consumer confidence figure. This should give important insight into whether the shutdown and near-default had any lasting impact on consumer sentiment, which could then affect spending. Last month we saw a huge drop in the figure, from 80.2 to 71.2 in response to the shutdown. Although this was then followed by retail sales that exceeded expectations, rising 0.4%, which goes to show that while this is a good indicator of future consumer behaviour, it’s not always reliable. That said, I expect today’s figure to better reflect the October retail sales figure, which means the expected figure of 72.9 could be a little conservative. Ahead of the open we expect to see the FTSE down 3 points, the CAC down 1 points and the DAX up 7 points \u003C\/span\u003E\u003C\/div\u003E"},"link":[{"rel":"replies","type":"application/atom+xml","href":"http:\/\/allforexaffairs.blogspot.com\/feeds\/4931575536419501968\/comments\/default","title":"Post Comments"},{"rel":"replies","type":"text/html","href":"http:\/\/allforexaffairs.blogspot.com\/2013\/11\/europe-flat-ahead-of-boe-inflation.html#comment-form","title":"1 Comments"},{"rel":"edit","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/996511900533644707\/posts\/default\/4931575536419501968"},{"rel":"self","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/996511900533644707\/posts\/default\/4931575536419501968"},{"rel":"alternate","type":"text/html","href":"http:\/\/allforexaffairs.blogspot.com\/2013\/11\/europe-flat-ahead-of-boe-inflation.html","title":"Europe flat ahead of BoE inflation report hearing"}],"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-1388484790767976970"},"published":{"$t":"2013-11-26T00:30:00.001-08:00"},"updated":{"$t":"2013-11-26T23:58:45.323-08:00"},"category":[{"scheme":"http://www.blogger.com/atom/ns#","term":"Currencies"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Forex News"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Trading"}],"title":{"type":"text","$t":"Euro Reaches Highest This Month on Asian Stocks"},"content":{"type":"html","$t":"\u003Cdiv dir=\"ltr\" style=\"text-align: left;\" trbidi=\"on\"\u003EThe euro touched its highest level this month as Asian stocks pared losses and lawmakers in \u003Cb\u003EGermany\u003C\/b\u003E, the 17-nation region’s biggest economy, reached a coalition accord on wages and spending increases. \u003Cbr \/\u003E\u003Cbr \/\u003EThe Bloomberg \u003Cb\u003EU.S. Dollar Index\u003C\/b\u003E held a loss from yesterday before figures that may show jobless claims increased and durable goods orders fell, while \u003Cb\u003EU.S. consumer sentiment\u003C\/b\u003E improved, signaling a mixed recovery that may keep the \u003Cb\u003EFederal Reserve\u003C\/b\u003E from reducing stimulus this year. The euro strengthened versus most of its 16 major counterparts amid speculation a report this week will show a pick up in inflation, reducing the need for the \u003Cb\u003EEuropean Central Bank\u003C\/b\u003E to expand monetary easing. \u003Cbr \/\u003E\u003Cbr \/\u003E“The euro was boosted by the news that Germany is close to reaching a coalition accord and after the currency broke above key psychological level,” said Shinichiro Kadota, a foreign-exchange strategist at Barclays Plc in Tokyo. “I don’t think euro will extend gains much from here.” \u003Cbr \/\u003E\u003Cbr \/\u003EThe euro bought $1.3583 at 6:50 a.m. in London after climbing to $1.3599, the strongest since Oct. 31. It gained 0.3 percent to 137.89 yen after touching 138.16, the highest since October 2009. The dollar added 0.3 percent to 101.54 yen. \u003Cbr \/\u003E\u003Cbr \/\u003EThe MSCI Asia Pacific Index of shares pared its decline to 0.1 percent from as much as 0.2 percent earlier. The Shanghai Composite Index rose 0.8 percent. \u003Cbr \/\u003E\u003Cbr \/\u003E\u003Cb\u003EGerman Chancellor Angela Merkel\u003C\/b\u003E clinched a coalition agreement with the \u003Cb\u003ESocial Democrats\u003C\/b\u003E that calls for a national \u003Cb\u003Eminimum wage\u003C\/b\u003E and pledges to increase spending on pensions and infrastructure without raising taxes. \u003C\/div\u003E"},"link":[{"rel":"replies","type":"application/atom+xml","href":"http:\/\/allforexaffairs.blogspot.com\/feeds\/1388484790767976970\/comments\/default","title":"Post Comments"},{"rel":"replies","type":"text/html","href":"http:\/\/allforexaffairs.blogspot.com\/2013\/11\/euro-reaches-highest-this-month-on.html#comment-form","title":"1 Comments"},{"rel":"edit","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/996511900533644707\/posts\/default\/1388484790767976970"},{"rel":"self","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/996511900533644707\/posts\/default\/1388484790767976970"},{"rel":"alternate","type":"text/html","href":"http:\/\/allforexaffairs.blogspot.com\/2013\/11\/euro-reaches-highest-this-month-on.html","title":"Euro Reaches Highest This Month on Asian Stocks"}],"author":[{"name":{"$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-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-1926614607653387312"},"published":{"$t":"2013-11-25T23:57:00.001-08:00"},"updated":{"$t":"2013-11-25T23:58:12.913-08:00"},"category":[{"scheme":"http://www.blogger.com/atom/ns#","term":"Brokers Directory"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Forex News"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Trading"}],"title":{"type":"text","$t":"Turkey Pileup Signaling Discounts for Thanksgiving"},"content":{"type":"html","$t":"\u003Cdiv dir=\"ltr\" style=\"text-align: left;\" trbidi=\"on\"\u003E\u003Cspan style=\"font-size: 15px;\"\u003EThe Henningsen Cold Storage Co. warehouse in Stilwell, \u003Cb\u003EOklahoma\u003C\/b\u003E, was so jammed with frozen turkeys from the likes of Butterball LLC and Cargill Inc. this year that manager Scott Mayberry turned down requests to store about 1 million more birds, or double his inventory. “We didn’t have any room,” said Mayberry, who manages 3.5 million cubic feet of space that is the size of two \u003Cb\u003EHome Depot Inc. (HD)\u003C\/b\u003E stores and usually holds as much as 20 million pounds (9,072 metric tons) of frozen turkeys before the Thanksgiving holiday in November, the peak for U.S. demand. \u003Cbr \/\u003E\u003Cbr \/\u003E\u003Cdiv class=\"separator\" style=\"clear: both; text-align: center;\"\u003E\u003Cspan style=\"font-size: 15px;\"\u003E\u003Ca href=\"http:\/\/1.bp.blogspot.com\/-y2tGZa4INLc\/UpRTKVrjy6I\/AAAAAAAAAHs\/TYNJd5EJ9Io\/s1600\/iFl8RZS0.6JI.jpg\" imageanchor=\"1\" style=\"clear: left; float: left; margin-bottom: 1em; margin-right: 1em;\"\u003E\u003Cimg border=\"0\" src=\"http:\/\/1.bp.blogspot.com\/-y2tGZa4INLc\/UpRTKVrjy6I\/AAAAAAAAAHs\/TYNJd5EJ9Io\/s200\/iFl8RZS0.6JI.jpg\" \/\u003E\u003C\/a\u003E\u003C\/span\u003E\u003C\/div\u003ERising output last year and slowing sales left domestic stockpiles tracked by the government at four-year highs in August and September. That signals deeper seasonal discounts on retail prices that are the highest on record going back to 1980, because about 85 percent of the \u003Cb\u003E46 million birds\u003C\/b\u003E Americans eat at Thanksgiving meals are frozen rather than fresh, according to the National Turkey Federation. “We overproduced a bit in 2012, and we had quite a few excess birds left over in freezers,” said Tom Elam, the president of food-industry consultant FarmEcon LLC in Carmel, \u003Cb\u003EIndiana\u003C\/b\u003E. \u003Cbr \/\u003E\u003Cbr \/\u003EU.S. warehouses held 325.34 million pounds of frozen whole turkeys in September and 335.55 million pounds in August, the highest for each month since 2009, U.S. Department of Agriculture data show. Stockpiles typically peak at that time of year in preparation for Thanksgiving, said David Harvey, a USDA economist. \u003Cbr \/\u003E\u003Cbr \/\u003E\u003C\/span\u003E\u003C\/div\u003E"},"link":[{"rel":"replies","type":"application/atom+xml","href":"http:\/\/allforexaffairs.blogspot.com\/feeds\/1926614607653387312\/comments\/default","title":"Post Comments"},{"rel":"replies","type":"text/html","href":"http:\/\/allforexaffairs.blogspot.com\/2013\/11\/urkey-pileup-signaling-discounts-for.html#comment-form","title":"2 Comments"},{"rel":"edit","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/996511900533644707\/posts\/default\/1926614607653387312"},{"rel":"self","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/996511900533644707\/posts\/default\/1926614607653387312"},{"rel":"alternate","type":"text/html","href":"http:\/\/allforexaffairs.blogspot.com\/2013\/11\/urkey-pileup-signaling-discounts-for.html","title":"Turkey Pileup Signaling Discounts for Thanksgiving"}],"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\/-y2tGZa4INLc\/UpRTKVrjy6I\/AAAAAAAAAHs\/TYNJd5EJ9Io\/s72-c\/iFl8RZS0.6JI.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-6345198375800678531"},"published":{"$t":"2013-11-25T23:32:00.001-08:00"},"updated":{"$t":"2013-11-25T23:36:34.225-08:00"},"category":[{"scheme":"http://www.blogger.com/atom/ns#","term":"Buzzing Stocks"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Currencies"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Forex News"},{"scheme":"http://www.blogger.com/atom/ns#","term":"Trading"}],"title":{"type":"text","$t":"Counter-trend action in Asia today"},"content":{"type":"html","$t":"\u003Cdiv dir=\"ltr\" style=\"text-align: left;\" trbidi=\"on\"\u003E\u003Cspan style=\"font-size: 15px;\"\u003EOnce again on Tuesday, it was Australia and Japan providing the news flow and biggest moves during the Asian session. \u003Cbr \/\u003E\u003Cbr \/\u003E\u003Cb\u003EYen sold out – catches bid despite dovish sentiment in BOJ Minutes\u003C\/b\u003E\u003Cbr \/\u003E\u003Cbr \/\u003EThe release of the Bank of Japan’s monthly Policy Meeting Minutes Tuesday probably should have meant more downside for the Japanese Yen, but when seemingly everyone in the world is already short or waiting for a rally to get short, there are no sellers to be found and a bounce can occur. That apparently is what may have been the case today. \u003Cbr \/\u003E\u003Cbr \/\u003E\u003Cb\u003ERBA’s Lowe comments give AUD a brief lift\u003C\/b\u003E\u003Cbr \/\u003E\u003Cbr \/\u003EThe Aussie Dollar also caught a little buying interest Monday despite being universally declared in a bear market. In an effort to assign causality to every move that occurs these days, the wires were giving credit for Tuesday’s Aussie upside to comments made by the Reserve Bank of Australia’s Phillip Lowe.  \u003C\/span\u003E\u003C\/div\u003E"},"link":[{"rel":"replies","type":"application/atom+xml","href":"http:\/\/allforexaffairs.blogspot.com\/feeds\/6345198375800678531\/comments\/default","title":"Post Comments"},{"rel":"replies","type":"text/html","href":"http:\/\/allforexaffairs.blogspot.com\/2013\/11\/counter-trend-action-in-asia-today.html#comment-form","title":"1 Comments"},{"rel":"edit","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/996511900533644707\/posts\/default\/6345198375800678531"},{"rel":"self","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/996511900533644707\/posts\/default\/6345198375800678531"},{"rel":"alternate","type":"text/html","href":"http:\/\/allforexaffairs.blogspot.com\/2013\/11\/counter-trend-action-in-asia-today.html","title":"Counter-trend action in Asia today"}],"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":{"$t":"tag:blogger.com,1999:blog-996511900533644707.post-3976059935920565463"},"published":{"$t":"2013-10-15T17:42:00.000-07:00"},"updated":{"$t":"2013-11-23T01:52:48.660-08:00"},"category":[{"scheme":"http://www.blogger.com/atom/ns#","term":"Trading"}],"title":{"type":"text","$t":"If You Don’t Like Whipsaws, Don’t Trade Gold"},"content":{"type":"html","$t":"\u003Cdiv dir=\"ltr\" style=\"text-align: left;\" trbidi=\"on\"\u003E\u003Cdiv class=\"separator\" style=\"clear: both; text-align: left;\"\u003E\u003Ca href=\"http:\/\/www.patterntradertools.com\/wp-content\/uploads\/2011\/01\/GoldNew1.gif\" imageanchor=\"1\" style=\"clear: left; float: left; margin-bottom: 1em; margin-right: 1em;\"\u003E\u003Cimg border=\"0\" height=\"209\" src=\"http:\/\/www.patterntradertools.com\/wp-content\/uploads\/2011\/01\/GoldNew1.gif\" width=\"320\" \/\u003E\u003C\/a\u003E\u003C\/div\u003E\u003Cspan style=\"font-size: 15px;\"\u003EIt seems every time there is a jump or a fall, there is a monster on the other side of the the market waiting to jump in. Gold up $14 now to $1607 after falling to a session low of $1585 thirty minutes ago. \u003Cbr \/\u003E\u003Cbr \/\u003EBernanke is taking questions now but his answers can’t be interpreted one way or the other. \u003Cbr \/\u003E\u003Cbr \/\u003EGoldman cut its 2013 and 2014 gold forecasts earlier today. They see gold at $1600 in 2013 vs $1810 previously. \u003C\/span\u003E\u003C\/div\u003E"},"link":[{"rel":"replies","type":"application/atom+xml","href":"http:\/\/allforexaffairs.blogspot.com\/feeds\/3976059935920565463\/comments\/default","title":"Post Comments"},{"rel":"replies","type":"text/html","href":"http:\/\/allforexaffairs.blogspot.com\/2013\/10\/if-you-dont-like-whipsaws-dont-trade.html#comment-form","title":"12 Comments"},{"rel":"edit","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/996511900533644707\/posts\/default\/3976059935920565463"},{"rel":"self","type":"application/atom+xml","href":"http:\/\/www.blogger.com\/feeds\/996511900533644707\/posts\/default\/3976059935920565463"},{"rel":"alternate","type":"text/html","href":"http:\/\/allforexaffairs.blogspot.com\/2013\/10\/if-you-dont-like-whipsaws-dont-trade.html","title":"If You Don’t Like Whipsaws, Don’t Trade Gold"}],"author":[{"name":{"$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":"12"}}]}});