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European Stocks Seen Largely Unchanged

posted by Avatar arjay 9 days ago in EUR made popular 9 days ago

European stocks are seen opening on a flat note Thursday, with concerns over Greece's political and economic future likely to be at forefront after the debt-laden nation announced that a second round of elections would be held on June ... read more
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USD/JPY Forecast May 17, 2012, Technical Analysis

posted by Avatar FXEmpire 10 days ago in USD, JPY, Technical made popular 9 days ago

The USD/JPY pair rose during most of the session on Wednesday as the pair continues to find support in the 80 “area”. However, the daily candle looks like a shooting star, and as a result it looks like the pair isn’t quite ready to take off yet. read more
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USD/JPY in red after flash Q1 GDP

posted by Avatar provision 10 days ago in JPY, Economic Indicators made popular 9 days ago

Another positive data for the Japanese economy came with the industrial production, rising 1.3% MoM in March and 14.2% over the last twelve months. No further data are expected for the rest of the week, although the yen would be under pressure as long ... read more
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Currency market outlook from India Forex

posted by Avatar Gimmy 10 days ago in AUD

AUD/USD: The Australian dollar is trading weak at 0.9935 levels. The Australian dollar managed to rebound from the five months low levels, amid the speculation that the recent decline in the currency was excessive. But the gains were limited as the ... read more
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Japan Grow 1.0% in Q1 2012; Not a Concern

posted by Avatar FXTimes 10 days ago in JPY, Technical, Fundamental

The preliminary reading of 1.0% Q1 growth was pretty much in line with the 0.9% expectation. This y/y number is 4.1%. Reuters notes that this data should not concern Bank of Japan into considering further stimulus. This means, in risk aversion JP read more
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EUR/USD corrects over-extended downtrend

posted by Avatar pipSyGirl 10 days ago in EUR made popular 10 days ago

EUR/USD is nearing 1.2750 from levels below 1.2700 in NA trade. AUD/USD has also jumped to 0.9950 from 0.9870 in the last European session. The market has been a one way street favouring the USD lately, courtesy of a potential fracture of the EZ as ... read more
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Risk appetite opens soft in Asia, all eyes on local bourses

posted by Avatar ashpotter 10 days ago in EUR made popular 10 days ago

Uncertainty surrounding Greece remained the focus, as stronger than forecast US housing starts & IP had only a short lived impact, Eurofirst 300 closed down 0.49%, S&P 0.44%, NYMEX crude fell 1.45% to 92.63. Risk off in FX continued to express itself ... read more
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Japan Q1 real GDP +1.0% QoQ

posted by Avatar peekaboo 10 days ago in JPY, Economic Indicators made popular 10 days ago

By Sean Lee || May 16, 2012 at 23:50 GMT hey sean it looks to me USD/JPY has some down. It looks like the rally capped under 80.38 the 100MA which to me is a very significant level if the bulls wanted too show more strength after the minor correction. read more
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Trade Idea Central, Thursday May 17th

posted by Avatar Flexie 10 days ago in AUD, Economic Indicators made popular 10 days ago

I've gotta go stubbornly with option 6 Solange although number 4, selling AUD/CAD rallies, is still very fair. Even if GBP/JPY manages a bearish break, we are trading near record lows and I cannot countenance a short trade at these extreme levels Hi ... read more
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USD/CAD closes above 1.0100

posted by Avatar techiegirl 10 days ago in CAD made popular 10 days ago

The rise comes on the back of a broadly bid US dollar as stocks slide and a fears of a Greek exit from the euro zone could potentially result in other peripheral countries following suit, dampening demand for risk across the board. read more
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Technical Focus: GBPUSD

posted by Avatar FXTechstrategy 10 days ago in GBP, Technical, Daily made popular 10 days ago

GBPUSD: With the pair selling off and breaking below its medium term rising trendline, further bearishness is expected in the days ahead. read more
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Silver Trading Down Near 2011 Low

posted by Avatar FXTimes 10 days ago in Technical, Daily, Metals made popular 10 days ago

Silver has been persistently bearish. Commodity prices, gold and silver have all been in a downtrend as the USD surges in the risk aversion environment in May. The moving averages are in bearish orientation, and the RSI is below 30. This means th read more