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Markets paused, awaiting the next update on the Greek crisis
AUD bounced from 0.9871 to 0.9968 before slipping with US equities to 0.9908. NZD underperformed, bouncing from 0.7624 to 0.7686 but then falling to 0.7636. AUD/NZD extended its month-long rally from 1.2940 to 1.2990. US housing starts bounce 2.6% in ...
28 votes
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Forex Outlook for May 17, 2012
It is big events for forex market May 17, 2012.
36 votes
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USD/JPY, GBP/JPY Flows: PM Noda on BOJ policy, Furakawa warns on FX
Acknowledges that JPY gains could hurt Japan economy and have various downside impacts. Watching downside risks to overseas economies. Closely watching European conditions. European debt conditions affecting FX markets. On FX, pressure on BoJ to do ...
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USD/JPY soggy after Japan GDP
Once neutral figures were published and it was know that Japan economic growth stood at 1% in Q1 vs 0.9% expected, 4.1% annualized vs 3.5% expected, the spot rate printed an upswing from 80.28 low to currently hover around 80.35.
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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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Bombardier Transportation Celebrates 20 Years of Success in Mexico
Bombardier Transportation, a global leader in rail technology, celebrates an important milestone with 20 years of sustained and successful presence in the Mexican rail manufacturing industry.
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USD/JPY Breaks Above Channel Resistance; Trades at May High
USD/JPY indeed bottomed out in the short-term and broke above a declining channel resistance. The 1H chart shows the bottoming formation. There is resistance in the 80.50-80.60 area. This is the May high established in the beginning of the month
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Canada Dollar Touches 3-Month Low on Greece Concern
Canada's dollar fell to the weakest level since January as concern that Greece exiting the euro would precipitate a wider collapse in the region spurs demand for the perceived safety of the US currency. The Canadian currency dropped before a Statistics ...
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USD/CAD Breaks Key Resistance Opening Up the 1.30 Handle
The USD/CAD finally breaks above the 1.0050-1.0060 resistance, suggesting a bullish trend developing after a period of sideways trading below 1.0050. Looking at the 1H chart we see that the previous resistance is being treated as the market rejec
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Could Advertising Risks Threaten Facebook’s Success?
The countdown for Facebook’s IPO launch on the NASDAQ continues (T-minus 2 days and 3 hours, give or take a few minutes) and spoilsports are already practicing their “I-told-you-so” speech, ready to whip it out at the first sign that the social m
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GBP/USD Losing Further Ground, Next Target 1.59
On Tuesday Pound/Dollar decreased significantly with almost 130 pips. The Cable depreciated from 1.6115 to 1.5988 yesterday, in converse with the positive money flow sentiment at almost +12%, closing the day at 1.5991. Today the British Pound dipped ...
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Silver Forecast May 16, 2012, Technical Analysis
The silver markets fell hard on Tuesday as the rout in this market continues. All semblance of support has given way, and it looks as if this market will continue to be beaten up as the US dollar is favored currently.The breakdown below the $


