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USD/CAD Trading at Resistance Area Around 1.03

posted by Avatar FXTimes 2 days ago in USD, CAD, Technical made popular 2 days ago

The USD/CAD indeed pushed to the 1.03 level after breaking above the 1.0050-1.0060 resistance. The 1.0280-1.0315 area represent resistance pivots back in January 2012, with 1.0315 being the 2012 high. Although this resistance area sent the market read more
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ForexLive: GBP/USD Looks To Extend Higher

posted by Avatar ejc 2 days ago in GBP, Technical, Daily made popular 2 days ago

The GBPUSD has been trading predominantly between the 1.5673 and 1.5700 level. The price is looking to extend the upside with the next targets at 1.57167 and 1.57415 (38.2 and 50% retracements). The 1.57415 was a floor area from earlier in the w read more
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GBP/USD Dips Further, Next Target 1.56

posted by Avatar sparksy 2 days ago in USD, EUR, JPY, CAD, AUD made popular 2 days ago

On Wednesday Pound/Dollar continued decreasing with 100 pips. The Cable depreciated from 1.5772 to 1.5668 yesterday, in line with the negative money flow sentiment at nearly -22%, closing the day at 1.5689. Today the British Pound weakened slightly ... read more
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Euro/USD Declined Again on Wednesday –Daily Recap May 23

posted by Avatar lchammer 3 days ago in USD, EUR, JPY made popular 3 days ago

The Euro/USD continued its downward trend and tumbled down during yesterday’s trading. The recent EU Summit didn’t help rally the Euro. Furthermore, the Aussie dollar and other currencies such as the GBP also depreciated against the USD. The safe read more
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Have the Bears Taken the Euro Low Enough?

posted by Avatar cashbackforex 3 days ago in EUR made popular 3 days ago

The European debt mess continues to evolve, and perhaps there is a lot more to the down side, but the trade is lined up very short. A bullish surprise might jolt the market. read more
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Crude Oil Prices May 24, 2012, Technical

posted by Avatar FXEmpire 3 days ago in Technical, Daily, Oil made popular 3 days ago

The Light Sweet Crude markets had another bearish session for the Wednesday market, but found support at the important psychological number of $90. The area providing support wasn’t really much of a surprise, as it is a large “round number”. The read more
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The Dollar Oil Price Threat Will Hurry Gold's Role in the System

posted by Avatar Rex 3 days ago in USD, EUR, CAD, AUD, Commodities made popular 3 days ago

That 'vital interest' is not simply involving an attempt to prevent Iran from developing nuclear arms (remember the threat from Iraq's Weapons of Mass Destruction) but include the use of the USD as the sole currency in which oil is traded and priced. read more
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Forex order entry can be tricky, here's a live video of...

posted by Avatar EJSuratos 3 days ago in Special made popular 3 days ago

All the charthacking in the world - without the proper order entry plan - is never going to make any of your trading plans an actionable reality. And yet, it's often the order entry aspect of an entry or management that remains UNdiscussed. read more
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C$ skids to 4-month low on Europe fears

posted by Avatar alexandria 3 days ago in all made popular 3 days ago

The Canadian dollar skidded to its lowest level in more than four months against its US counterpart on Wednesday in tandem with the euro, global equity and commodity markets as investors worried about Greece's possible exit from ... read more
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Singapore Dollar Could Get Boost From Inflation Data

posted by Avatar forexalliancecom 3 days ago in USD, Fundamental, Inflation made popular 3 days ago

According to the Department of Statistics in Singapore, consumer price inflation remained at an elevated level in April, rising by 5.4% on a year over year basis and compounding the 5.2% rate seen in March. The figure gained above the 5.2% estim read more
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Euro Tanks as Greece Exit Considered More Likely

posted by Avatar MMarquit 3 days ago in EUR made popular 3 days ago

Euro is tanking today, heading lower as speculation about a Greek exit of the eurozone increases. Indeed, some think that there is a real threat for Greek withdrawal — and that such a withdrawal could prompt a domino effect that includes Spain an read more
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Eurozone Current Account Logs Surplus In March

posted by Avatar eriathwen 3 days ago in USD, EUR, CAD made popular 3 days ago

The surpluses were partially offset by EUR 8.8 billion deficit in current transfers. The 12-month cumulated seasonally adjusted current account posted EUR 9.6 billion surplus in March, which was around 0.1 percent of euro area GDP, compared with a ... read more