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Greece to Receive Bailout Funds ?

posted by Avatar FXalhabib 241 days ago in USD, Technical, Daily

The Euro is trading higher this morning as the Eurozone is rumored to have a new bailout fund to save Greece from default. The EUR/USD has so far hit the 1.3690 high, but many traders remain uncertain till the 1.4000 level is once again broken. I read more
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GBP/USD Oversold ? Upside Trend Underway …

posted by Avatar FXalhabib 242 days ago in USD, Technical, Daily made popular 242 days ago

The GBP/USD is trading on a strong upside trend after hitting the 1.5325 low. At this moment, the currency pair has hit the 1.5700 high. Many currency analysts are claiming that the Sterling and Euro are oversold and an upside swing should be und read more
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Euro Continues to be Volatile, More Downside Seen

posted by Avatar FXalhabib 243 days ago in USD, Technical, Daily

The EUR/USD has dropped to the 1.3360 low so far. The Euro volatility remains high as the debt crisis continues with no clear solution. Investors are shifting back to the U.S Dollar and Japanese Yen as a more stable investment. Intraday bias rema read more
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USD/CAD Breaks 47 Weeks High

posted by Avatar FXalhabib 246 days ago in USD, Technical, Daily

The U.S Dollar is preforming very well against the high-yielding interest rate currencies, after the Feds announced “Operation Twist” to strengthen the U.S economy and fears of the debt crisis in the Eurozone spreading. The U.S Dollar broke 3 maj read more
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Feds “Operation Twist”, Dollar Rallies

posted by Avatar FXalhabib 247 days ago in USD, Technical, Daily made popular 247 days ago

The U.S Dollar is rallying against all majors, as the Feds move away from quantitative easing and focus on long-term interest rates. “Operation Twist” as dubbed by the Feds, has rallied the Dollar, investors are selling high-yielding currencies, read more
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USD/JPY Strong Downtrend, Feds and SNB to Blame

posted by Avatar FXalhabib 248 days ago in USD, Technical, Daily

USD/JPY is once again on a strong downtrend, so far it has hit the 76.10 this morning. The U.S Federal Reserve decision of going through with a new round of quantitative easing is making investors nervous at this moment and selling the dollar (an read more
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Feds Quantitative Easing Expectations, Dollar Sell

posted by Avatar FXalhabib 249 days ago in USD, Technical, Daily

The EUR/USD is trading slightly to the upside as announcement for monetary stimulus is expected by the Feds. Investors are selling the U.S dollar for other major currencies, quantitative easing is expected this Wednesday. EUR/USD is stabilizing i read more
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Downside Pressure from the Eurozone

posted by Avatar FXalhabib 250 days ago in USD, Technical, Daily made popular 250 days ago

GBP/USD breaks below the 1.5705 low and reaches the 1.5682, as the markets open. The currency pair is on a downside pressure due to the Eurozone members, not coming to a decisive plan to meet the debt crisis. Intraday bias remains on the downside read more
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Currency Pair of the Week: USD/CAD

posted by Avatar FXalhabib 252 days ago in USD, Technical, Daily

After reaching the 1.0025 high on Sept.12th.2011, the USD/CAD has been on a downtrend and so far it has hit the 0.9782 low. The currency pair has a strong downside trend, from the 1.0370 to 0.9405 low (October 19th, 2010 to July 27th, 2011). Intr read more
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ECOFIN Meetings Underway, Euro Takes a Dive

posted by Avatar FXalhabib 253 days ago in EUR, Technical, Daily

ECOFIN (The Economic and Financial Affairs Council) meetings are underway in Poland to discuss and resolve the Eurozone debt crisis. The major topic in the meetings will be the Greek debt and its next installment payment, which is opposed by a co read more
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ECB Boosts Dollar Liquidity, Dollar On Downside Spike

posted by Avatar FXalhabib 254 days ago in USD, Technical, Daily

ECB (European Central Bank) announced this morning that it had coordinated with the Federal Reserve, Bank of England, Bank of Japan, and the Swiss National Bank that it provide three U.S dollar liquidity operations. The news caused a sell-off and read more
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EUR/CHF Not Moving, Overpriced for the Market ?

posted by Avatar FXalhabib 255 days ago in EUR, Technical, Daily

As you may recall that the SNB (Swiss National Bank) has curbed the downfall of the Swiss Franc against the Euro, by sell its currency and setting a minimum threshold of 1.2000 for the currency pair not to break. So far, the SNB has lived up to i read more