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GBP/USD Forecast May 21, 2012, Technical Analysis

posted by Avatar doctorE 7 days ago in USD made popular 6 days ago

The GBP/USD pair has been viciously sold off over the last several sessions, but the Friday markets saw a bit of a reprieve. The daily candle closed to form a bullish hammer at the 1.58 vicinity, and the site of the 50% Fibonacci retracement level. read more
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Technical Analysis, May 21st — May 25th, 2012

posted by Avatar commodityblog 7 days ago in Technical, Gold, Oil made popular 7 days ago

The technical analysis, that includes the indicators’ data and major pivot points for Brent Oil, Gold, Silver and Copper as traded on spot market as of May 19th, 2012. read more
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Stocks Market prediction week May 21-25 2012

posted by Avatar stockmarket 8 days ago in Fundamental, Weekly made popular 8 days ago

Normally a big decline would set up Wall Street for a technical rebound. But that may not be the case next week, read more
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How will gold prices next week may 21-25 2012

posted by Avatar stockmarket 8 days ago in Fundamental, Weekly, Gold

Traders will look to this weekend’s G-8 meeting and any message sent from the confab on what measures might be taken by policy-makers to boost growth and deal with Greece, read more
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Submission: Trade of the Week for May 21 to 25, 2012

posted by Avatar EJSuratos 8 days ago in Weekly, Special made popular 8 days ago

Before we go our separate ways for the weekend, let's come together one last time to share trade ideas with our fellow traders. Let the next Trade of the Week contest begin! read more
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EUR/USD Slow-Rolling Into Support Area Above 1.2625

posted by Avatar FXTimes 8 days ago in USD, EUR, Technical made popular 8 days ago

The EUR/USD has continued to make lower lows but has slowed the decline considerably as we end the week. The 1H chart shows an extended bullish divergence that corresponds to price action in a slightly downwards channel. As we get into the 5/18 U read more
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Flash: EUR/USD could slide back to 1.25 in near term Danske Bank

posted by Avatar Anderson 8 days ago in EUR made popular 8 days ago

The single currency is trading in sub 1.2700 levels on Friday, closing a 3-week negative streak against the greenback, on spiraling concerns circling the euro zone, with Greece and Spain in centre stage. read more
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GBP/USD Crumbles Bellow 1.575, Next Target 1.57

posted by Avatar Maher 8 days ago in USD, EUR, CAD, AUD made popular 8 days ago

On Thursday Pound/Dollar continued decreasing significantly with 155 pips. The Cable depreciated from 1.5934 to 1.5779 yesterday, in line with the negative money flow sentiment at under -23%, closing the day at 1.5793. Today the British Pound weakened ... read more
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Greece, Spain continue to pressure the Euro

posted by Avatar forexpromos 9 days ago in USD, EUR, Daily made popular 8 days ago

Poor economic data from the US along with growing concerns about the instability in the Spanish banking sector continued to further put pressure on Euro. read more
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US wheat off 6-week top, heads for best week since July

posted by Avatar grimadventures 9 days ago in USD, EUR, AUD, Commodities made popular 9 days ago

Soybeans slid after three straight sessions of gains, while corn fell from its highest in nearly two weeks top as bleak macroeconomic sentiment weighed on the agricultural market. Asian shares tumbled on Friday and were headed for their worst weekly ... read more
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GBP/USD Technical Outlook – May 18th

posted by Avatar forexalliancecom 9 days ago in GBP, Technical, Daily made popular 9 days ago

Plunging through 1.5900 in yesterday’s session, the British pound is now likely to move towards support at 1.5648 or the 61.8% fib level from 1.5241-1.6300 rise. The break below the aforementioned round figure barrier remains significant for the read more
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AUD/JPY just 30 pips above fresh 2012 lows

posted by Avatar Flexie 9 days ago in JPY, AUD made popular 9 days ago

Nikkei futures point for a lower open in Tokyo, with gold surging a +2.04% for the day, as a proof fears are for real. For the immediate term, support to the downside for AUD/JPY shows at Dec 29/30 lows 78.17/18, followed by Jan 09 lows at 78.09, ... read more