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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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EUR/USD Forecast May 24, 2012, Technical Analysis

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

The EUR/USD pair had a rough session on Wednesday as the markets continue to punish the Europeans for dawdling when it comes to figuring out the financial health and soundness of the region. Several countries are essentially bankrupt, and the dan read more
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USD-JPY prediction may 24 2012

posted by Avatar stockmarket 3 days ago in USD, JPY, Technical made popular 3 days ago

USD/JPY is last at 79.51, bouncing from day lows at 79.21, and falling from yesterday's and weekly highs at 80.15, read more
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EU Summit Fails to Provide Answers

posted by Avatar FXTimes 3 days ago in EUR, Fundamental, Daily made popular 3 days ago

The markets did not get any reason for hope out of the EU summit. Agreement on the significance of having more concrete decision during the official summit in June sounds like “kicking the can down the road” as Jamie Coleman from Forexlive put it read more
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Seoul shares seen lower on Greece exit fears, to test key support

posted by Avatar superpotato 3 days ago in all

Investors may find some reprieve from data indicating that the US housing market is on a continuous path of recovery. The Korea Composite Stock Price Index (KOSPI) fell 1.1 percent to close at 1808.62 points on Wednesday. read more
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AUD/USD Enters a Support Area Between 0.9660 and 0.97

posted by Avatar FXTimes 3 days ago in USD, AUD, Technical made popular 3 days ago

The AUD/USD slid to the next area of support after falling below 0.98 in the 5/22 session. It dipped below 0.97 but retreated a bit as the 5/23 trading session comes to a close. This 0.9660-0.97 area provided support in March and November of 201 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 Slumps Below 1.26 Level of Support

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

EUR/USD sank below the 1.26 level today, which was considered a strong support line. The members of the European Union are meeting today on summit at Brussels, but most Forex market participants do not believe that the meeting would provide some read more
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EUR/USD Breaks 1.26 Level, Traders Running from Euro

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

The euro fell below the 1.26 level against the US dollar, reaching lowest level since July 2010. That level was considered to provide strong support to the shared 17-nation currency and, now that the support line is broken, traders are afraid tha read more
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Canadian dollar extends losses after March retail sales data

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

Canada's dollar extended losses against its US counterpart on Wednesday, dragged down by broader concerns about Europe's financial stability, even as domestic data showed retail sales bounced back in March. The Canadian dollar ... 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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Euro Drops to Fresh 2012 Lows; Fear and Panic Dominate Trade

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

The Euro is also oversold and yet, given the fundamental outlook above, things could still get much uglier. Normally, we might recommend looking to fade the risk off trade, but given just how scary markets are right now, the best place is probably on ... read more