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EURUSD, AUDUSD technical outlook 08-21-09
Yesterday’s consolidation raises question marks over current bias as the consolidation range could be a recurrent pattern as seen on the 4 hrs chart below. Since we have no clear breakout on the falling trend-line coming from 1.4445, bulls should
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EURUSD, AUDUSD, USDJPY technical outlook
Yesterday’s rally into the 1.4230/50 resistance zone occurred as anticipated and the said resistance is still valid. The euro holds steady, consolidating throughout the Asian trading session into a narrow range below 1.4250
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Forex Daily Outlook - August 19th 2009
With no American figures today, European and Canadian inflation figures are the highlights. Let’s see what’s up for this day in the middle of the week:
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Intra-day outlook on EURUSD, AUDUSD and USDJPY
The euro closed moderately higher on yesterday, recovering 70 points of recent losses.For what we saw on yesterday, it would appear odds favor an extended recovery towards the sloping trend line around 1.4250 – coming from the 1.4445 peak.
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Crude Oil Advances, Rubber Futures Increase 3.9%
Rubber futures in Tokyo rallied as much as 3.9 percent as crude oil advanced for a second day.
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EURUSD, AUDUSD and USDJPY technical outlook 08-18-09
EURUSD: Current recovery to 1.4135 is not enough to switch bias and signal uptrend’s resumption and downside pressure remains high for now. Overcoming the whole 1.4130-1.4170 region and closing (a daily bar) above 1.4200 would resume uptrend.
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EUR/USD - Technical Analysis 08/18/09
1,4101. EUR USD is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. Oscillators are neutral. The consolidation should continue. The price should continue to move in Bollinger bands.
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Euro Gains Against Dollar
The euro rose for the first time in three days against the dollar before a report forecast to show German investor confidence improved this month, easing concern the global economic recovery will stall.
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Euro Gains Against Dollar, Yen on Optimism Recession
IMPROVING economic conditions mean further interest rate cuts are unlikely to be necessary, the Reserve Bank says.
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Will Investors See a Bounce in the Yen?
For the first time in five quarters, the Japanese recorded a positive GNP of 0.9% for the quarter. This compares with the forecast of a 1.1% increase and a 3.1 decrease in the previous period. The early strength on the Yen, because of lower equit
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Japan's GDP Rebounds But Misses Forecasts
Japanese GDP printed positive for the first time in five quarters, but missed expectations as rate of expansion was weaker than forecast. The country’s GDP increased 0.9% its fastest pace since Q4 of 2006 but short of market expectations of 1.1%.
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Eurozone: Economic Recovery Looks Fragile
The Eurozone GDP shrank only 0.1% in the second quarter of 2009, according to data released this week. But is it really a good idea for politicians to be excited about growth below trend?


