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Gold ETFs Rebound Sharply from 10-Month Low
An alternative scenario that involves a convincing solution to the Greek crisis will also likely benefit the gold price as EUR/USD rallies and gold follows. Until one of these two scenarios becomes clear, however, the gold price is likely to trade in a ...
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AUDUSD Test Channel Resistance Line
The AUDUSD has a defined lower trend line where the price tested on a number of times in trading over the last 6 or so trading days. The price has consolidated since the low on Friday, and the sideways action has pushed the price toward a test of
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USDCAD Quickly Rejects The New High
The USDCAD moved to a new high going back to January 16th 2012 and in the processs moved above the 50% of the move down from the 2011 high (reached in October at the 1.06559). That level comes in at 1.02272 and the high extended to 1.02445....mor
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Euro Struggles in Forex Trading
Once again, the euro is struggling in Forex trading. It isn’t much of a surprise, really, since the eurozone is still operating in debt crisis mode.
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Facebook’s Debut Less than Stellar but Days Ahead Seen as Cr
After the first (nearly) full day of Facebook stock trading, it may have only been $0.23 higher at the closing bell, but at least it didn’t close down. With all the hoopla and build up ahead of Facebook’s IPO launch last Friday, there was a great
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U.K. April Gross Mortgage Lending Falls: CML
On a yearly basis, gross lending rose 2 percent from GBP 10 billion in April 2011. CML chief economist Bob Pannell said, "The underlying picture is likely to be one of easing momentum in the housing market, but with potential for a sharper downwards ...
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EUR/USD Recovery Reaches Limits
Euro/dollar continued its recovery from Friday but met resistance and fell back. Polls in Greece show that the elections certainly look like a referendum on the euro membership. In Spain, the talks about a bailout refuse to leave. Is the correcti
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Improved Swiss Consumer Confidence Fails To Move Franc
The SECO consumer confidence index is based on a survey of approximately 1100 households on their outlook in four key economic areas for the next year. The values are the difference between the number of positive responses versus negative. USD/CHF took ...
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EUR/USD Climbs Back Above 1.28 After Reaching All-Time EUR-S
The EUR/USD found some support from the 1.2625-1.2660 area. The 1H chart shows a market rallying above a declining channel that represented a slowdown of the fall as it was formed with an extended bullish divergence. We broke above this on Friday
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Daily Forex Fundamentals - May 21, 2012
Up and at 'em, pipsters! Complete your weekly pre-trading routine by reading what market themes dominated trading last Friday!
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NZD/USD-Subdued start after week's heavy losses
Trade and learn with Richard Olsen, David Pegler, Walter Peters, Ed Ponsi, Steve Ward and Ron William. Monitor the markets with our customizable FX studies. Note: All information on this page is subject to change. The use of this website constitutes ...


