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Look To Sell Over-Extended Euro

posted by forexben 590 days ago in USD, EUR, Technical made popular 590 days ago

Dollar confidence will remain shot in the short term. Expectations of a second-round of quantitative easing by the Federal Reserve and the perception that the US will want to aggressively inflate the economy will remain important negative factors

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European Market Update

posted by forexben 591 days ago in EUR, Fundamental, Daily made popular 591 days ago

As of 05:40am ET EuroStoxx +1.55% at 2818, FTSE100 +1.26% at 5733, CAC40 +1.50% at 3805, DAX +1.48% at 6397

European shares opened higher today and remained in positive territory boosted by FOMC's minutes which sent a clear signal that a secon

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Fed: Further Easing 'May Be Appropriate Before Long'

posted by forexben 592 days ago in USD, Fundamental, Daily made popular 592 days ago

U.S. Dollar Trading (USD) slipped against a basket of currencies as FOMC minutes of the 21st of September meeting confirmed members discussed several approaches to aiding a struggling recovery. The minutes highlighted the fact that policy makers

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Japanese Machine Orders Expansion Beating Estimates

posted by forexben 592 days ago in USD, JPY, Fundamental made popular 592 days ago

Today, the Japanese economy released an important date, showing that the machine orders in Japan unexpectedly rose during the month of August, signaling that the nation's recovery on the track of regain strength, which may encourage Japanese comp

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Forex and Dow Jones Recommended Levels

posted by forexben 592 days ago in USD, Technical, Daily made popular 592 days ago

Today's support: - 1.3857 and 1.3825(main), where correction is possible. Break would give 1.3792, where correction also may be. Then follows 1.3770. Break of the latter would result in 1.3756. If a strong impulse, we would see 1.3718. Continuati

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China Tightening & QE2-Bound Fed

posted by forexben 592 days ago in USD, Technical, Daily made popular 592 days ago

China's increase in the reserve requirements to 17% on its top 6 banks serves as a viable excuse for USD shorts to stabilize selling and for markets to consider possible consolidation ahead of the release of US earnings.

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Dollar Rallies as Risk Aversion Returns

posted by forexben 592 days ago in USD, Fundamental, Daily

Investors' confidence in equity markets has come a long way since the late summer doldrums saw indices plunge. The prospect of further easing via quantitative policy has spurred such confidence so as to alleviate the likelihood of a double-dip re

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Technical Analysis for Major Currencies

posted by forexben 593 days ago in USD, Technical, Daily

The pair resumed to the downside yesterday and started trading below support for the ascending channel today shown in the image above, signs of a bearish technical pattern appear at 1.3830 and force us to be cautious and await signs to insure the

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Sunrise Market Commentary

posted by forexben 593 days ago in USD, Fundamental, Daily

On Monday, EUR/USD the dollar started the week again on a poor footing in Asia. At the G7 and IMF meeting in Washington this weekend, there came no indications at all that the international community was preparing a coordinated approach to stem t

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Wakeup Call: FOMC Minutes An Appetizer Ahead Of Intel's Afte

posted by forexben 593 days ago in USD, Fundamental, Daily

European equity markets will most likely open around 0.5% lower today as investors position themselves for earnings from Intel after market close.

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Canada's Economy Paused in April

posted by forexben 696 days ago in USD, Fundamental, Daily made popular 696 days ago

Real GDP was unchanged in April following a string of strong gains that started in September of last year. The April report showed a mixed bag of activity, netting out to both the aggregate measure of goods and services producing output posting n

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Risk Conditions Unsettle Sterling

posted by forexben 696 days ago in USD, Technical, Daily made popular 696 days ago

Trends in risk appetite will remain important in the short term and Sterling will be more vulnerable to selling pressure when risk appetite deteriorates. This will be particularly important if there are stresses within the banking sector.

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