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Mixed Sentiment Arise From Europe In A Busy Day For Investor

posted by Avatar forexben 583 days ago in USD, Fundamental, Daily

Investors are dealing with mixed data, released from the Euro-Zone and UK, where the manufacturing and services sector in Germany and EZ expanded its weakest performance in over a year, while UK's retail sales report showed an unexpected drop due read more
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Today's Market Outlook

posted by Avatar forexben 583 days ago in USD, Technical, Daily

Reversal from 1.4156 found support at 1.3696 yesterday, with strong bounce followed by bullish engulfing candle. Market has retraced over 61.8% of 1.4156/1.3696 decline, with the latest break above 1.4003, now confirm underlying bull-trend and lo read more
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Geithner's Comments Oddly Support USD

posted by Avatar forexben 585 days ago in USD, Fundamental, Daily

Treasury Secretary Geithner's comment helped the sagging USD recover some lost ground during today's Asian session although the greenback still remains highly volatile. Geithner revealed that USD devaluation was not a national strategy, nor was i read more
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EURUSD - Loses Upside Momentum, Targets 1.3774 Level

posted by Avatar forexben 585 days ago in USD, EUR, Technical

EURUSD - Following a halt in its bullish momentum the past week and its subsequent weakness, consolidation to corrective price action is now seen. This could trigger further weakness towards its Oct 12’10 low at 1.3774 with a violation of there t read more
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Plus Pips Daily - London Session Oct 19, 2010

posted by Avatar forexben 586 days ago in EUR, GBP, CHF made popular 585 days ago

New signals appeared on London session!
=========================
[Oct 19, 2010, 6:07 AM] - [SELL eurusd 1.3905]
[Oct 19, 2010, 6:08 AM] - [SELL gbpusd 1.5845]
[Oct 19, 2010, 6:08 AM] - [BUY usdjpy 81.51]
[Oct 19, 2010, 6:08 AM] - [BUY usdch read more
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FX Technical Analysis

posted by Avatar forexben 587 days ago in USD, Technical, Daily made popular 587 days ago

Comment: Retreating from Friday's high at 1.4161, taking the Euro below the 9-day moving average and doing wonders for the overbought situation. Expect consolidation roughly between 1.3750 and 1.4050 this week.

Strategy: Attempt longs at 1.385 read more
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Is The Dollar Rising From The Ashes

posted by Avatar forexben 587 days ago in USD, EUR, Technical made popular 586 days ago

All eyes were on Fed chief Bernanke's speech on Friday and the dollar saw a bit more two-way traffic both before and after. The speech really held nothing new with Bernanke offering some crumbs to both sides of the argument. While acknowledging t read more
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U.S. Retail Sales Close the Third Quarter with a Decent Expa

posted by Avatar forexben 589 days ago in USD, Fundamental, Daily made popular 589 days ago

U.S. retail sales expanded by 0.6% in September, beating market expectations for a weaker 0.4% monthly increase. September's performance comes on top of the 0.5% and 0.7% upwardly revised expansions observed in July and August, respectively. read more
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GBPUSD: Holds Firmly Above The 1.5996/1.6000 Levels

posted by Avatar forexben 589 days ago in GBP, Technical, Daily made popular 589 days ago

GBPUSD: With a continued hold above the 1.5996/1.6016 levels following a build up on its Thursday rally today, further strength is now likely towards the 1.6100 level and then the 1.6274 level, its Jan 24'10 high. A break of there will call for a read more
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The Wait For QE2 Confirmation

posted by Avatar forexben 590 days ago in USD, Fundamental, Daily made popular 589 days ago

There was little out overnight other than sustained jawboning from the Japanese again, no new comments as such, as the market continued to watch the JPY strengthen and USD get sold across the board. read more
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Daily Forex Update: EUR/JPY

posted by Avatar forexben 590 days ago in EUR, JPY, Technical made popular 589 days ago

The EUR/JPY 15 minute Ascending Triangle formation is indicating this currency pair is set up for a drive through resistance to the upside target zone at 115.35 to 116.24. After a failed first attempt to reach this objective, the chart may be ind read more
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Gbp/Usd Update - Uptrend Looks Tired

posted by Avatar forexben 590 days ago in USD, GBP, Fundamental made popular 590 days ago

Pound was one of the weakest currencies out there in recent trading sessions and days, but not against the US dollar. Pair regained after the market formed only a corrective decline from 1.6015 down to 1.5752 region, which suggests that a blue wa read more