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GBP/USD Forecast May 16, 2012, Technical Analysis

posted by Avatar FXEmpire 11 days ago in USD, GBP, Technical made popular 10 days ago

The GBP/USD pair fell very hard on Tuesday to slam into the 1.60 level. The area was the site of a breakout last month, and should therefore be supportive now. However, the price action is very bearish, and the fact that the pair closed at the ve read more
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Silver Fundamental Analysis May 16, 2012, Forecast

posted by Avatar FXEmpire 11 days ago in Fundamental, Daily, Metals made popular 11 days ago

Analysis and Recommendations:
Silver continued to track gold and the metals group falling to trade at 28.110. Base metals in LME were moving mostly steady to negative. Concerns over slowing growth in China and political uncertainty in Greece dra read more
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Euro Tale Wags Currency Dog

posted by Avatar cashbackforex 11 days ago in Sentiment made popular 10 days ago

The aftermath from last week's Eurozone elections continue to weigh on the markets, and in currency markets, the threat of political change is the most important driver. read more
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Flash: AUD/USD could extend to 0.9600 and even 0.9400 - ANZ

posted by Avatar LosingGain 11 days ago in AUD, NZD made popular 11 days ago

The Australian Dollar ha been sliding merciless against the US Dollar, averaging over 50 pips loss in the last 12 trading days, since the pair's topside failure past 1.0470 kickstarted a massive roll over which as since ... read more
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Short EUR/AUD as trade recommendation

posted by Avatar mattypark 11 days ago in EUR, AUD made popular 11 days ago

EUR/AUD could easily fall to 1.2500 multi-week" Sean Callow, FX Strategist in Sydney. Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as ... read more
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ForexLive: Gold tries to Bottom, Up Marginally on the Day

posted by Avatar ejc 11 days ago in Technical, Daily, Gold made popular 11 days ago

Gold has made new year lows today (lowest since December 30 2011). The fall yesterday extended below trend line support on the daily chart above (at the 1578 area) and extended that move today.....more. read more
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C$ picks up on healthy German growth data

posted by Avatar delioncourt 11 days ago in all made popular 11 days ago

The Canadian dollar firmed against its US counterpart on Tuesday after surprisingly strong growth data from Germany, ... read more
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EUR/USD Gains on Germany’s GDP, Falls on Greece’s Elections

posted by Avatar commodityblog 11 days ago in USD, EUR, Fundamental made popular 11 days ago

EUR/USD rose today after a report showed that the German economy grew last quarter. The currency pair erased its gains as Greece prepares for a new election after parties failed to form a new government. read more
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ForexLive: AUDUSD Consolidates At The Lower Extreme

posted by Avatar ejc 11 days ago in AUD, Technical, Daily made popular 11 days ago

The AUDUSD has been consolidating at the lows over the last day or so. The price is also testing the 61.8% of the move up from the October 2011 low. That level comes in at the 0.994664 level. The low today came in at 0.9944. A move below this le read more
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Grexit Effects on Euro Could be Limited Without Contagion

posted by Avatar forexcrunch 11 days ago in Fundamental, Monthly made popular 11 days ago

A Greek exit of the euro-zone is uncharted territory and would certainly hurt the euro. Yet without contagion to other countries, the situation could improve for the common currency, says John Kicklighter of DailyFx. read more
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EUR/USD Forecast Review 15 May 12

posted by Avatar thegeekknows 11 days ago in USD, EUR, Daily made popular 11 days ago

This forex forecast review touches on the fundamental and technical aspects of the currency pair. read more
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Euro Attempting to Recover on Technical Bounce and Solid Data

posted by Avatar victoryismine 11 days ago in EUR, Economic Indicators

So far on Tuesday, economic data out of the Eurozone has been well received overall, with solid German growth data, better than expected Eurozone GDP and an above consensus current situation to the German ZEW, all helping to prop. read more