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Yen Resists Significant Selling Pressure in Asia

posted by topequitynews 584 days ago in USD, EUR, Daily made popular 584 days ago

EUR/USD
The Euro was unable to regain momentum in early Europe on Monday and was subjected to a further round of heavy profit taking with a decline to the 1.3830 area ahead of the US open. The Euro found support below 1.3850 and then rallied ste

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U.S. Data Releases Has Slightly More Optimistic Tone

posted by topequitynews 584 days ago in USD, EUR, Daily

The Euro maintained a firm tone ahead of the US open on Friday with firm support on any dips towards the 1.40 level.
The raft of US data releases was mixed, but had a slightly more optimistic tone. There was a reported 0.6% increase in retail sa

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Beijing surprises the markets and hikes rates 25bp!

posted by topequitynews 584 days ago in USD, EUR, JPY

The Dollar Traded stronger yesterday following a surprise rate hike by the Peoples Bank of China (PoBC). The Bank of China’s surprisingly hiked the rates by 25bp which sparked a risk off theme and gave the excuse to the market to take some profit

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Risk Appetite Weaker in European Trading on Tuesday

posted by topequitynews 584 days ago in USD, EUR, Fundamental

Risk appetite was generally weaker in European trading on Tuesday and this triggered a more defensive tone for the Euro with the currency unable to make a fresh challenge on the 1.40 level. ECB President Trichet stated that not all EU financial s

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Minor Downside Corrections Have Been Brief and Mild

posted by topequitynews 584 days ago in Fundamental, Daily

It appears likely that the stock market may have begun a minor downside correction for the short term.
Tuesday’s drop of 1.59% based on S&P 500 closing prices only was the largest decline in 9 weeks.
Tuesdays drop was the 14th down day in 7 wee

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China’s Effect on Copper

posted by topequitynews 590 days ago in Daily, Metals made popular 590 days ago

LME Week is an important tradition in the global metals industry calendar that takes place each year in London during the fall. This year’s event kicked off on Monday and the spotlight on industrial metals couldn’t be brighter, especially for cop

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DOLLAR CYCLE STRETCHING

posted by topequitynews 590 days ago in USD, Technical, Daily made popular 590 days ago

The dollar just sliced right through the 76.50 pivot this morning. Today also happens to be the 28th day of the current daily cycle. The normal timing band for a cycle to bottom is between 20-28 days, However the Fed’s threat to print, print, pri

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Chart Presentation: Attention

posted by topequitynews 590 days ago in Technical, Daily made popular 590 days ago

holding proceeds.
What we found interesting yesterday was what didn’t happen as much as what did happen. While the dollar continued to grind lower helping to support the commodity markets the bond market- after an initial decline- rallied back

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Metals Commentary – 10/14/10

posted by topequitynews 590 days ago in Daily, Metals made popular 584 days ago

December gold futures closed up $25.30 at $1,372.00 yesterday. Prices yesterday closed near the session high and scored another fresh all-time record high. A weaker U.S. dollar index and a two-year high in the Continuous Commodity Index invited f

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Euro Sentiment Could Deteriorate Rapidly

posted by topequitynews 590 days ago in USD, EUR, Daily made popular 584 days ago

The US currency maintained a weaker tone in Asia on Wednesday with markets again looking to target Euro technical resistance in the 1.40 zone.
Monetary policy within the Euro-zone area and US will remain a very important market focus in the near

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Part 2: Can NAV-Based Trading Revolutionize The Active ETF S

posted by topequitynews 590 days ago in Fundamental, Daily made popular 590 days ago

In Part 1 of this series, we looked at the good and the bad of actively-managed ETFs – the core benefits that make them superior to active mutual funds but also the two main fundamental problems that have caused some reluctance on the part of inv

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Chart Presentation: VIX

posted by topequitynews 590 days ago in Technical, Daily made popular 590 days ago

Let’s jump to our conclusion before we actually make our point today. There is a reasonable chance that the current trend will continue until the CBOE Volatility Index declines to the ‘10’ level with risk increasing once it crosses back above ‘15

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