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Euro Weakness Ahead, British Pound Reversal On Tap

posted by Avatar stephenie 327 days ago in EUR, GBP

The British Pound pares the overnight advance to 1.6139, and the sterling may continue to trade heavy in July as the economic docket continues to show a slowing recovery in the UK As growth prospects deteriorate, the Bank of England looks as though it ... read more
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Aussie under pressure on data-free Monday

posted by Avatar stephenie 335 days ago in AUD made popular 335 days ago

AUD/USD opened Monday's trade at 1.0480, broke below 1.0440 support to hit a fresh 11-week low in the 1.0420 zone, and is now virtually unmoved after a slight bounce back into the 1.0435 area. It's a data free Monday for ... read more
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ECONOMIC REVIEW

posted by Avatar stephenie 335 days ago in Commodities made popular 335 days ago

More in the ECONOMIC REVIEW, prepared by Ranka Pavlovi. Agriculture Minister Duan Petrovi said this year's yield of wheat will exceed last year's. There will be enough wheat, he says, and risks in all elements influencing its price will be reduced. ... read more
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EUR/USD slips as European trade gets underway

posted by Avatar stephenie 338 days ago in EUR

I'm noticing gold, oil slipping. Don't tell me someone's gone and flipped the risk on/risk off switch again. JUst being told sell stops through 1.4225. The opinions and analysis offered on Forexlive are for educational purposes only and clients and ... read more
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USD/CHF up during Asian trade

posted by Avatar stephenie 339 days ago in EUR, CHF made popular 339 days ago

Meanwhile, the US Dollar was up against the Euro and the Japanese Yen, with EUR/USD shedding 0.36% to hit 1.4305 and USD/JPY rising 0.20% to hit 80.46. ForexPros.com - Forex Pros offers a diverse set of professional tools for Forex, Futures and CFDs. ... read more
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Euro Declines Against Most Majors On Greece Woes

posted by Avatar stephenie 342 days ago in EUR, CHF made popular 342 days ago

The next downside target levels for the euro is seen at 1.20 against the franc and 113.00 versus the yen. At last week's close, the euro was worth 1.2143 against the Swiss currency and 114.47 versus the yen. Japan saw a merchandise trade deficit of ... read more
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Australian Dollar Outlook 06/17/2011

posted by Avatar stephenie 345 days ago in AUD, Commodities made popular 345 days ago

Gold was lower, declining 0.1% to USD1529.23, while Oil finished the session slightly higher after the IEA forecast that global crude demand would rise in the third quarter. As mentioned above, the market will be watching any outcomes out of Sunday's ... read more
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Majors Fundamental: USD/JPY, GBP/USD, USD/CHF, EUR/USD

posted by Avatar stephenie 346 days ago in USD, CHF

The US economy will end Thursday at 14:00 GMT with the Philadelphia Fed survey for June which had a previous reading of 3.9 and anticipated to come at 7. The GBP/USD traded with heavy volatility on Wednesday and surrendered the earlier gains for the ... read more
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Nikkei set to fall but 9400 will likely support

posted by Avatar stephenie 346 days ago in all

Tokyo stocks on Thursday are set to track Wall Street lower after it tumbled on escalating Greek debt woes and as US data showed the world's No.1 economy is facing a troubling mix of higher prices and weak growth, ... read more
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C$ drops to near 2-wk low on weak data, Greece

posted by Avatar stephenie 346 days ago in USD, JPY, CAD made popular 346 days ago

The Canadian dollar fell hard against its US counterpart on Wednesday, pressured by weak Canadian and US data and renewed concerns that the Greek debt crisis could escalate. Meantime, government bond prices ... read more
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GBP/USD Technical Analysis 9 June 2011

posted by Avatar stephenie 352 days ago in USD made popular 352 days ago

The value of the RSI indicator is positive and rising, MACD is neutral and inclining upwards, while CCI has crossed up the 100 line on the 1 hour chart, giving overall long signals. 7:35 GMT+1 Buy GBP/USD at 1.6432 SL 1.6406 TP 1.6492, ... read more
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NZD mainly ranged between 0.8140 and 0.8180

posted by Avatar stephenie 353 days ago in NZD made popular 353 days ago

AUD under-performed the majors, slipping from the Sydney close of 1.0670 to 1.0589 in London and then consolidating. NZD mainly ranged between 0.8140 and 0.8180. AUD/NZD made a 1.2975 low in London but recovered to 1.3020 in NY. ... read more