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US Downgrade Adds to Financial Uncertainty

posted by Avatar kim221b 293 days ago in USD, Fundamental, Daily made popular 293 days ago

The downgrade of US debt comes at a very critical time for financial markets. The market tensions are already very high following last week's disappointment that ECB would not buy Spanish and Italian bonds to help reining in recent sharp rises in read more
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Euro Stablized At 1.4350 Level After G-7 Statement

posted by Avatar kim221b 293 days ago in USD, Technical, Daily made popular 293 days ago

After the S&P rating agency made a statement last Friday evening that it had downgraded the U.S. sovereign debt ratings to AA+ from its AAA status, the market became extremely nervous in anticipation for the markets to open lower today in both cu read more
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Perspectives on the U.S. Debt Ceiling Debate

posted by Avatar kim221b 303 days ago in USD, Fundamental, Daily

The debate over the U.S. statutory debt limit has come down to the wire. The U.S. Treasury has stated (and restated) that if an increase in the debt ceiling is not in place by August 2nd, they will run out of funds to pay all of their bills. read more
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EUR/JPY to Confirm Bearish Continuation with Double Top

posted by Avatar kim221b 303 days ago in USD, Technical, Daily made popular 303 days ago

The EUR/JPY in the 4H chart shows a bearish breakout from a recent correction rally. This correction rally failed to kill the bearish momentum; the RSI failed to sustain a break above 60, and fell below 40. A break below 30 can help lessen the ch read more
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UK Economy And Sterling Must Avoid Unwanted Attention

posted by Avatar kim221b 311 days ago in USD, Fundamental, Daily made popular 311 days ago

In the harsh and unforgiving world of global financing, confidence remains vital. Markets will quickly seize on any sign of vulnerability and push a currency sharply weaker. Governments must retain authority and its also crucial not to attract un read more
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Euro Edges Higher To 1.4275 Before Brussels Summit

posted by Avatar kim221b 311 days ago in USD, Technical, Daily made popular 310 days ago

The euro rose sharply against the dollar by 40 points to 1.4250 on the initial reaction from the news on the wires saying that Germany and France reached a joint position on the Greece bailout plan before the Brussels summit meeting today. (6:27p read more
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USD Dumped On Bernanke's Comments, Moody's downgrade

posted by Avatar kim221b 318 days ago in USD, Fundamental, Daily made popular 318 days ago

Dollar dropped yesterday after Fed President Bernanke testified to the Congress and said that the Fed is prepared to take additional action, including buying more government bonds if the economy stalls, indicating QE3. In addition, Moody's raised read more
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GBP/USD Under Pressure After Yesterday's Lift

posted by Avatar kim221b 318 days ago in USD, Technical, Daily made popular 318 days ago

On Wednesday Pound/Dollar increased significantly with almost 290 pips, in converse with the morning negative Interbank sentiment at almost -9%. The Cable appreciated from 1.5890 to 1.6178 yesterday, closing the day at 1.6104. Today the British P read more
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Technical Analysis for Major Currencies

posted by Avatar kim221b 321 days ago in USD, Technical, Daily made popular 321 days ago

The pair declined sharply during the past week, after it reversed to the downside from MA 50 levels on Friday. Currently, the pair is approaching 38.2% Fibonacci correction, which is around the minor support at 1.4150 as shown above on the chart. read more
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Market Drivers - Currencies

posted by Avatar kim221b 324 days ago in USD, Fundamental, Daily

The employment figures to be released in the US today will be interesting. The most recent ‘major’ economic indicators from the US were better than expected. ISM industry offered a positive surprise; ISM service sector was marginally below the ex read more
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GBP/USD Continue This Week's Bearish Trend

posted by Avatar kim221b 324 days ago in USD, Technical, Daily

On Thursday Pound/Dollar traded within 80 pip range, in line with the morning negative Interbank sentiment at under -14%. The Cable depreciated from 1.6020 to 1.5943 yesterday, closing the day at 1.5968. Today the British Pound continued weakenin read more
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Finally, A Day Packed With Events And Economic Data!

posted by Avatar kim221b 325 days ago in USD, Fundamental, Daily made popular 324 days ago

Today's calendar is busy with UK releasing manufacturing and industrial production figures followed by the BOE rate decision, Germany releases industrial production data, ECB rate decision is the focus today on rate hike speculations. US releases read more