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Euro rises as debt worries ease

posted by jonell 602 days ago in EUR, Trade

The euro rose the most last week against the greenback in more than year as an easing in concern over Europe's debt crisis spurred traders to end bets the shared currency would decline.

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NZ dollar may pare gains from month-high

posted by jonell 604 days ago in NZD, Trade

The New Zealand dollar, little changed today, may pare its gains against the greenback after economic data painted a mixed picture of the U.S. economy and speculation swirled about a bail-out package for debt-stricken Spain.

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EUR/GBP Technicals: Possible Major Base Forming

posted by jonell 604 days ago in EUR, GBP, Technical

We still need a bit more information here but the signs are emerging that the move from .98 to .82 was a retracement which has now run its course allowing the bull trend to reemerge. Wave counters are busy pointing out that the longer term charts

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Main Factors Which Influence Forex Market

posted by jonell 609 days ago in Special, Trading Psychology made popular 609 days ago

As the goods on the FOREX market is currency so the ‘quality’ of the goods is determined by the state of the economy of the host country. From changes in the economy in better or worse depends the rate of national currency against foreign currenc

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Binary Options Analysis – The Dollar Slides

posted by jonell 610 days ago in USD, Gold, Oil made popular 610 days ago

Oil rose for a third straight session for the first time in more than a month. Oil gained $1.52 and closed at $75.48 a barrel. Gold was down for a third straight session, losing more than $10 an ounce to close at 1,222.20. The U.S Treasury sold $

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Forex reserves dip

posted by jonell 614 days ago in USD

HONG Kong's official foreign currency reserve assets fell to US$256.2 billion in May, down US$3 billion from April, its monetary authority said yesterday.

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Yen Slumps on Political Uncertainty

posted by jonell 618 days ago in JPY made popular 618 days ago

With the yen falling on Japan's political uncertainity, Rob Rennie, currency strategist at Westpac Bank, speaks to CNBC's Karen Tso and Martin Soong about his outlook for the currency.

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Waiting for the Cable Bears to Growl

posted by jonell 619 days ago in USD, GBP, Daily made popular 619 days ago

I know Pipcrawler has a short GBPUSD trade on, but the setup is just too good to ignore. Besides, I'm going to play it just a little bit differently. As you can see, I have setup my Fibs on the daily chart. Using the most recent swing high and l

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Canada economic recovery zooms

posted by jonell 621 days ago in CAD, GDP, Inflation

Canada’s economy expanded at the fastest clip in more than a decade in the first quarter, fuelling expectations that the Bank of Canada will today become the first G7 country to raise interest rates since the start of the recession.

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AUD/JPY Rallies To Test Important Resistance Level

posted by jonell 621 days ago in JPY, AUD made popular 621 days ago

Since breaking lower on the 5th of this month, AUD/JPY has been below its 15-day MA. The 50% retracement of the second leg fall from 84.50 to 81.90 comes in at the same level which is at 78.15 and that, along with Fridays’ high of 78.00, should p

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EUR/GBP Still Drifting Lower

posted by jonell 624 days ago in EUR, GBP made popular 624 days ago

It seems that there is some buying interest in the cable at 1.4540 and the market has been unable to break below there for the last 4 hours. With the EUR/USD still sliding lower, this has meant that the EUR/GBP has ticked 40 pips lower on the day

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Forex Market Learning And Trading

posted by jonell 629 days ago in Special, Trading Psychology made popular 629 days ago

The Forex market is very popular way of making money online. It allows to start trading any moment and trade efficiently from the comfort of your home. All information required for beginners is available online and, in addition, there are land ba

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