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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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Rupee Hurt by EU Summit & Poor Prospects for India’s Growth

posted by Avatar commodityblog 2 days ago in USD, Fundamental, Daily made popular 2 days ago

The Indian rupee dropped today as a disagreement for the European leaders about a way to tackle the debt problems lead to risk aversion sentiment on the Forex market that hurt riskier currencies of emerging markets. Still, the currency managed to 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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Silver Forecast May 24, 2012, Technical Analysis

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

The silver markets fell for much of the Wednesday session as the Dollar continued to climb for the day. However, the later hours of US trading suddenly felt bullish of risk appetite, and as a result the silver market recovered a bit to form a ham read more
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EUR/GBP Fundamental Analysis May 24, 2012, Forecast

posted by Avatar FXEmpire 3 days ago in EUR, GBP, Fundamental made popular 3 days ago

Analysis and Recommendations:
The EUR/GBP declined to 0.8007 from the opening at 0.8048 as the euro continued to lose strength, even with negative eco data in the UK and the IMF forewarning, the euro could not hold against the sterling.

Yes read more
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EUR-USD prediction may 24 2012

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

EUR/USD continues to get cheaper this year, following an intangible EU summit. The pair, plagued with an enormous bearish sentiment on growing 'Grexit' prospects, 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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NZD/USD edges higher on mild profit taking

posted by Avatar dennis 3 days ago in NZD made popular 3 days ago

Dealers report some modest demand for NZD/USD this morning and that is washing over into the AUD/USD and EUR/USD, which are edging higher alongside. There is some modest resistance nearby in the NZD/USD at .7525 and initial support is at the overnight ... 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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Yen, Dollar Advance On Greek Exit Worries

posted by Avatar Holt 4 days ago in USD, JPY, AUD made popular 4 days ago

The size of the asset purchase and credit facility was also left unchanged at JPY 40 trillion and JPY 30 trillion respectively. According to the Ministry of Finance, Japan saw a merchandise trade deficit of 520.27 billion yen in April - missing ... 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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EUR/GBP Fundamental Analysis May 23, 2012, Forecast

posted by Avatar FXEmpire 4 days ago in EUR, GBP, Fundamental made popular 3 days ago

Analysis and Recommendations:
The EUR/GBP opened trading at 0.8094 and declined to 0.8072 as the euro continued to fall against most of its partners.

There was little in the way of eco data from Europe and some disappointing numbers in the U read more