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Daily Technical Strategist: GBPJPY
GBPJPY – With continued downside weakness seen, the cross looks to hold on to its broken support and weaken further.
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NZ Dollar Near This Year’s Low
The New Zealand dollar erased its earlier gains today as the potential Greece’s exit from the eurozone continued to spoil mood of Forex market participants. The currency traded near the lowest level this year.
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MCX Silver Tips Trend Today
Silver Tips Today :- Silver has appreciated by 1.5% in Intraday trading and it touched level of 52 710 per kg. International Market rapid effect is showing on Domestic Market. Silver got supported by weakness in Rs. Although Silver is expected t
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Euro Consolidates Following 2nd Straight Spanish Economic Contraction
EUR/USD dropped following the GDP release, but the move could be seen more as a consolidation above the 1.2625 2012 lows, and less of a reaction to the expected economic contraction. DailyFX is the forex news and research arm of FXCM, Inc (NYSE: FXCM), ...
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AUD/USD Forecast May 17, 2012, Technical Analysis
AUD/USD fell again on Wednesday as the commodity markets fell due to risk aversion. The European concerns continue to hurt the riskier assets, and the Aussie is suffering for it. However, the end of the session saw a bit of a bounce to form somet
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US wheat futures extend rally on dry weather threat
The US Department of Agriculture said exporters sold 900000 tonnes of US corn to China, including 180000 tonnes of old-crop supplies, even as China said it expected a record-large domestic corn crop in 2012. * The China National Grain and Oils ...
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Japan Q1 real GDP +1.0% QoQ
By Sean Lee || May 16, 2012 at 23:50 GMT hey sean it looks to me USD/JPY has some down. It looks like the rally capped under 80.38 the 100MA which to me is a very significant level if the bulls wanted too show more strength after the minor correction.
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NZD at five-month low against USD
Snippets of encouraging US economic data and a few (rare) comforting headlines out of Europe helped prop up risk appetite, and the NZD/USD spent the rest of the night consolidating in a 0.7620-0.7685 range. Looking ahead, the near-term NZD/USD downside ...
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Is There A Sell Off Coming For The Yen?
For weeks the forex markets have been focused on the plight of the euro and the economies in the eurozone. The bears were perplexed, as the euro versus the US dollar continued to find support around the 1.30 handle. We suspected, as did other analysts, ...
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EUR/USD Fluctuates as Fundamentals Drag Down Both Currencies
EUR/USD fluctuated today. The euro is still suffering from the crisis in Europe, while the dollar was weighed down by prospects of additional stimulus.
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Silver Trading Down Near 2011 Low
Silver has been persistently bearish. Commodity prices, gold and silver have all been in a downtrend as the USD surges in the risk aversion environment in May. The moving averages are in bearish orientation, and the RSI is below 30. This means th
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Yen Falls as Traders Anticipates Intervention from BoJ
The Japanese yen fell against other major currencies today on speculation that the Bank of Japan will continue its efforts to weaken the currency. Even fears of the European debt crisis were not been able to help Japan’s currency.


