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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
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Technical Focus: EURJPY

posted by Avatar FXTechstrategy 9 days ago in EUR, Technical, Daily made popular 9 days ago

EURJPY- Our outlook on EURJPY remains lower as it continues to weaken and targeting further declines. read more
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Slower Growth, But Structural Reforms Progressing

posted by Avatar mattypark 9 days ago in Economic Indicators made popular 9 days ago

The real RMB/USD exchange rate (adjusting for differences in the CPI in both countries) appreciated by about 42 percent. Using GDP deflators (instead of CPIs), the real RMB/USD exchange rate shows over 50 percent appreciation since July 2005. read more
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Ugly US data boosts JPY

posted by Avatar LosingGain 9 days ago in USD made popular 9 days ago

With bad US data, Pavlov's dogs are looking for QE and lapping up gold and selling the USD. Will the bad data give us a reprieve from the USD strength or is it another red herring? The market was a mixed bag today, with equities, EURUSD and GBPUSD and ... read more
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EURUSD Outlook 18th May 2012

posted by Avatar forexfx4x 9 days ago in USD, EUR, Fundamental made popular 9 days ago

EURUSD Analysis & News – Euro/Dollar Rate Outlook 18th May. read more
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USD/CAD prints new 4 month high at 1.0178

posted by Avatar Ving 9 days ago in USD, CAD made popular 9 days ago

The leading indicators index and the Philadelphia Fed manufacturing index came out worse than expected, falling by 0.1% and reaching -5.8 (instead of 0.1% and 10), respectively. Initial and continuing jobless claims increased to 370K and 3.265M, ... read more
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Daily Forex Fundamentals - May 17, 2012

posted by Avatar EJSuratos 9 days ago in Fundamental, Daily made popular 9 days ago

Just a couple more days left to make pips this week! Finish strong and make sure you read up on my forex fundamentals report and know the events that could rock the market today! read more
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USD/JPY Falling Sharply From Range Resistance and BoJ Chatte

posted by Avatar FXTimes 9 days ago in USD, JPY, Technical made popular 9 days ago

USD/JPY failed to break above the May high and essentially range resistance at about 80.55. So no returning to 50% retracement at 81.78 for now, especially now that it has falling below 80.00 and even a trendline seen int he 4H chart during the 5 read more
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Eurozone Bank Worries Send Euro Lower

posted by Avatar MMarquit 9 days ago in EUR made popular 9 days ago

Eurozone bank worries are sending the euro lower today, along with rises to funding costs. Uncertainties about what’s next for Greece and for the eurozone remains, and that is weighing on the euro in Forex trading right now. read more
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EUR/GBP Forecast May 17, 2012, Technical Analysis

posted by Avatar FXEmpire 10 days ago in EUR, GBP, Technical made popular 10 days ago

The EUR/GBP pair rose during most of the session on Wednesday as the Pound suffered against the rest of the currencies. The Bank of England lowered growth forecasts as it expressed concerns about inflation, making people run from the Pound in gen read more
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Silver Forecast May 17, 2012, Technical Analysis

posted by Avatar FXEmpire 10 days ago in Technical, Daily, Metals made popular 10 days ago

The pummeling of silver continued on Wednesday as the market simply continued to wilt. The market is absolutely broken at this point, and there should be no question as to which direction you should be trading. Sure, there will come a day when th read more