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Cowabunga System Daily Update: Wednesday, 05/23/2012

posted by Avatar EJSuratos 3 days ago in USD, GBP, Daily made popular 3 days ago

Today was a good day with an interesting trade. You'll definitely want to check it out as I was able to grab a nice 35 pips! See how it all went down in today's Cowabunga Surf Report. read more
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USD Rally May Defy Market Expectations, AUD Struggles To Find Support

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

By Doug Kass The Dow Jones-FXCM US Dollar Index (Ticker: USDollar ) is 0.38 percent higher from the open after moving 94 percent of its average true range, and the greenback may continue to appreciate against its major counterparts as market ... read more
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Daily Summary on USD, Euro, GBP, JPY, CAD, AUD and NZD

posted by Avatar likethewindmillsofanemptymind 3 days ago in USD, EUR, JPY, GBP, CAD, AUD, Economic Indicators made popular 3 days ago

Stocks and commodities are both beginning the day deep in the red on renewed concerns that the ongoing debt crisis in Europe could weigh on the broader global economy. Overnight, the World Bank released a rather morose assessment of the Chinese economy ... read more
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EUR/USD Technical Outlook – May 23rd

posted by Avatar forexalliancecom 3 days ago in EUR, Technical, Daily made popular 3 days ago

The euro has now broken through the 2012 low of 1.2627, trading at 1.2581 in the New York afternoon. The penetration of the yearly low now completes the triple top formation, indicative of a potential bout of consolidation ahead of the 1.2550 fi read more
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BoE Split On QE; Miles Calls For More Stimulus, Minutes Show

posted by Avatar tradingpip 3 days ago in USD, GBP, CAD made popular 3 days ago

David Miles was the sole member of the Bank of England's Monetary Policy Committee to seek more stimulus for the economy at the May meeting, although many members felt that the decision not to beef up the quantitative easing was 'finely ... read more
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Rand Slides to This Year’s Low as CPI Below Expectations

posted by Avatar commodityblog 3 days ago in USD, Fundamental, Daily made popular 3 days ago

The South African rand slumped against the US dollar today to the lowest level this year as slower-than-expected growth of consumer prices triggered speculations that the nation’s central bank would refrain from raising interest rates. read more
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ForexLive: GBPUSD Eyes Resistance At The 1.5739/41 Today

posted by Avatar ejc 3 days ago in GBP, Technical, Daily made popular 3 days ago

The GBPUSD fell sharply on worse than expected Retail Sales but has rallied back higher since bottoming at channel support (putting in a bottom parellel line often provide a border line to take profit in a fast moving market).....more. read more
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Wednesday Outlook 05-23-12

posted by Avatar Boston4X 3 days ago in USD, Fundamental, Sentiment made popular 3 days ago

The SPX 500 sits about 9 points lower from Tuesday’s close on the S&P 500 (as of 7:55am ET). There was talk read more
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GBP/USD Forecast May 23, 2012, Technical Analysis

posted by Avatar FXEmpire 4 days ago in USD, GBP, Technical made popular 3 days ago

The GBP/USD pair fell hard during the Tuesday session as the recent hammer from the Friday session is being tested for support. The breaking of the 1.5700 level would be a signal for us to sell this market, and we do prefer it as the risks are nu read more
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Crude Oil Fundamental Analysis May 23, 2012, Forecast

posted by Avatar FXEmpire 4 days ago in Fundamental, Daily, Oil made popular 4 days ago

Analysis and Recommendations:

Crude Oil continued its decline, trading at 92.25 down 0.60. Generally, a stronger dollar pressures demand for dollar-denominated commodities, such as crude oil and gold, which become more expensive for holders of read more
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Singapore Stocks-May fall; China Animal, Swee Hong eyed

posted by Avatar yosoybeloved 4 days ago in all made popular 4 days ago

----------------------MARKET SNAPSHOT @ 0029 GMT ------------ INSTRUMENT LAST PCT CHG NET CHG S&P 500 1316.63 0.05% 0.640 USD/JPY 80.02 0.08% 0.060 10-YR US TSY YLD 1.7637 -- -0.014 SPOT GOLD 1563.39 -0.29% -4.510 US CRUDE 91.38 -0.51% -0.480 DOW JONES ... read more
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India's growth to slow this year due to high inflation, says OECD

posted by Avatar vinia 4 days ago in Economic Indicators made popular 4 days ago

Meanwhile, the softening of external demand and rising imports have widened the current account deficit (CAD). OECD said the global economy was also gaining momentum, but the recovery is fragile. GDP growth across OECD is projected to get slower from ... read more