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EUR/USD rises above 1.3700 after Merkel/Sarkozy reports
The hegemonic currency received a boost and rose to session highs versus the Greenback on reports saying that German Chancellor Angela Merkel and French President Nicolas Sarkozy will make an announcement on Greece later today after speaking by p
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Optimism About Europe Evaporates, Euro Weakens
The optimism, caused by the speculation China is going to buy Italy’s debt, quickly wane and the euro fell after Italy auctioned its debt.
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EUR/USD Technical Analysis September 13, 2011
The EUR/USD pair had a wild day on Monday as it was both wildly bearish and wildly bullish in the same session. The pair had gapped down at the open for the week, but managed to fill that gap by the US morning. The resulting candle is a long-legg
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N.Z. Inflation Ticks Higher while RBNZ Holds Dovish Stance
New Zealand home prices rose in August to NZ$355,000 from $NZ345,000 in July. The number of home sold equaled 5,192 in August compared to 4,928 in July. The number of days taken to sell a house fell to 39 from 42 in July. The REINZ monthly housin
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USD/JPY Technical Analysis September 13, 2011
The USD/JPY pair fell through the floor on Monday and even managed to break below the 77 handle at one point. However, the support that we have seen several times over at that area reemerged and took control. This had the pair forming a hammer fo
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GBP/USD Technical Analysis September 13, 2011
The GBP/USD pair continues to run towards the 1.5750 area, a level that we feel is absolutely vital to the uptrend that had formed in the cable over the last year or more. The pair looks very weak, and there has even been a mention or two about t
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EUR/CHF Technical Analysis September 13, 2011
EUR/CHF fell slightly on Monday, but all losses are fairly well caped at this point with the Swiss National Bank willing to step in. Their self-imposed “line in the sand” is 1.20, so it is no surprise that even with the Euro being so weak; it has
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AUD/USD Technical Analysis September 13, 2011
The AUD/USD pair fell hard on Monday as the world sold of risk in the various markets. The gold market fell, and as that can sometimes support the Aussie as well. The pair looks set to continue the fall back towards the 1.01 area, and perhaps eve
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USD/CAD Technical Analysis September 13, 2011
The USD/CAD pair managed to pierce the parity level on Monday, but was quickly repelled as sellers stepped in at that all-important resistance area. The pair is still decidedly in a downtrend overall, it should be noted that the high on Monday is
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Oil Technical Analysis September 13, 2011
The CL market had a choppy day on Monday, as it was both positive and negative in the same session. The oil markets continue to grind as this market finished higher, but the velocity suggests that we are winding up for a bigger move in general. T
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Natural Gas Technical Analysis September 13, 2011
The natural gas markets fell on Monday, but managed a bit of a bounce in the late hours as the $3.85 level proved supportive. The market has been stuck between $4.10 and $3.80 recently, and the hammer that formed at the closing of the Monday trad
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Gold Technical Analysis September 13, 2011
The gold markets fell again on Monday as traders continue to buy the US dollar in general. The USD can sometimes override the value of gold in times of fear, and we think this may be what is happening currently. With the recent double top being f


