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Euro Shrugs off German Ifo and Moves Higher

posted by Avatar 1158 days ago in USD, EUR made popular 1158 days ago | admin links

A record drop in Germany's Ifo index is not having much impact on the euro as it continues to trade above key support levels against the U.S. dollar. The euro also received some support following the U.S. durable goods report for February. read more
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US durable goods orders rebound in February

posted by Avatar ananais 1158 days ago in USD, Manufacturing made popular 1158 days ago

New U.S. orders for long-lasting manufactured goods rose in February for first time in seven months, according to a government report on Wednesday brought some cheer to an economy mired in recession. read more
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EU presidency: US economic plans 'a way to hell'

posted by Avatar skushno 1158 days ago in USD, GDP made popular 1158 days ago

A top European Union politician on Wednesday slammed U.S. plans to spend its way out of recession as "a way to hell." read more
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Potential Flags/Pennants on USD/CHF and EUR/USD

posted by Avatar jameschen 1158 days ago in USD, EUR, Technical made popular 1158 days ago

An inverted pennant consolidation as of Wednesday morning has formed on USD/CHF, a daily chart of which is shown, just as a tentative flag has formed on EUR/USD read more
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Eur/Usd: Trade of The Day

posted by Avatar caseystubbs 1158 days ago in USD, EUR, Technical made popular 1158 days ago

This morning the news to watch is new home sales. If the number is better than expected we could see a move in the Euro or if the number is worse than expected I think the Dollar could move higher. This is because of risk aversion and traders put read more
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EUR/USD - Weekly Analysis for March 16-20, 2009

posted by Avatar jameschen 1169 days ago in USD, EUR, Technical made popular 1169 days ago

EUR/USD (a daily chart of which is shown) made some significant gains in the past week, breaking out above a parallel downtrend channel within the context of a general downtrend. The key level to watch for on this pair as we move into the upcomin read more
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USD/JPY - Weekly Analysis for March 16-20, 2009

posted by Avatar jameschen 1169 days ago in USD, JPY, Technical made popular 1169 days ago

USD/JPY (a daily chart of which is shown) declined last week to just below 96.00, which represents the approximate level of a key 38.2% retracement level, before recovering some of its losses by the end of the week. Price action continues to be e read more
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What Is Driving USD/JPY Higher?

posted by Avatar odell 1182 days ago in USD, JPY, Special made popular 1182 days ago

Since the beginning of the month, the US dollar has skyrocketed against the Japanese Yen. The strength of the currency pair has baffled nearly all forex traders. read more
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GBPUSD Live Trade

posted by Avatar danielsim73 1187 days ago in USD, JPY, GBP made popular 1187 days ago

This is a GBP/USD trade update read more
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Economists see deeper recession, upturn starting this year

posted by Avatar odell 1188 days ago in USD, Fundamental, GDP made popular 1188 days ago

A survey of leading economists finds them now forecasting a far deeper and more painful recession ahead in the first half of the year, but a modest pickup in the second half of 2009, followed by a solid recovery in 2010. read more
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Fed downgrades economic forecast for this year

posted by Avatar odell 1193 days ago in USD, Fundamental, GDP

The Federal Reserve on Wednesday sharply downgraded its projections for the country's economic performance this year, predicting the economy will actually shrink and unemployment will rise higher. read more
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Confidence More Important Than Gold

posted by Avatar odell 1200 days ago in USD, Sentiment, Weekly made popular 1200 days ago

In a rare interview with Western media, Wen Jiabao, the Chinese premier, told the Financial Times,
'Confidence is the most important thing, more important than gold or currency'
Investors and entrepreneurs take risks in search of profit opportu read more