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Euro May Rise to 3-Week High on Wedge Break

posted by nikko 712 days ago in EUR

The euro may rise to a three-week high against the dollar after it broke out of a so-called descending wedge, according to Forecast Pte in Singapore.

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3 Reasons Why Its the Best Way to Trade Forex

posted by nikko 728 days ago in Special

If you want to money in Forex trading, charting or technical analysis is simply the best way to make m

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EURUSD Falls On Regulation Concerns

posted by nikko 730 days ago in USD, EUR

The USDJPY rose to a one- week high of 91.37 before a report forecast to show US consumer spending gained 0.3% and incomes climbed 0.4%, adding to signs the nation's economic recovery remains on track.

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Gold edges higher for first time in a week

posted by nikko 734 days ago in USD, Gold made popular 734 days ago

Gold edged higher in Asian trade today in a technical rebound after falling for five straight sessions, but gains were limited as a recovery in risk appetite undermined the precious metal's allure as a safe haven.

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Euro heads for first weekly gain in six versus dollar

posted by nikko 734 days ago in USD, EUR made popular 734 days ago

The euro rose on Friday, heading for its first weekly gain versus the U.S. dollar in six weeks as investors who had bet on the currency’s fall bought it back on fears of central bank intervention.

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AUD/USD Does not See Bottom

posted by nikko 735 days ago in USD, AUD, Weekly made popular 735 days ago

The weekly shows a month of sharp drops in the AUD/USD pair. Last week, I noted that the market remained in consolidation and should test the support.

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Focus Back On The CHF

posted by nikko 737 days ago in CHF

Many thanks for the updates and it seems that short-covering by hedge funds and options players in the CHF is responsible for the gaps higher. It’s going to be a volatile end to the week.

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Oil Prices Drop Further in Week as Euro's Travails Continue

posted by nikko 743 days ago in USD, EUR, Oil

Crude oil prices plunged nearly 4% on Friday and were off almost 20% from their 18-month high less than two weeks ago, as the euro continued to lose ground against the dollar and U.S. oil inventories continued to build.

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Imports and exports rise but trade deficit widens

posted by nikko 745 days ago in USD, GDP, Trade made popular 745 days ago

Trade data released Wednesday showed that U.S. imports and exports increased in March, the latest sign that the economic recovery was progressing. The Commerce Department's monthly report on trade showed a 3.1 percent increase in imports in March

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Canada had record job growth in April on services

posted by nikko 746 days ago in CAD, Employment made popular 746 days ago

Canada had the biggest jump in employment on record last month, led by service providers, increasing pressure on the central bank to raise interest rates at its next decision on June 1.

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USD is no longer a doughnut

posted by nikko 749 days ago in USD made popular 749 days ago

When Chinese central bank governor Zhou Xiaochuan called for a new global reserve currency to replace the US dollar last spring, a chorus of foreign politicians and pundits chimed in declaring that the greenback was dead as an international bench

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Where To Find A Good Forex Trading Education

posted by nikko 750 days ago in Special made popular 750 days ago

Forex or Foreign Exchange is the most liquid and the largest financial market in the world. Unlike other financial market, the Forex market doesn’t have a centralized location. Exchanges are done through electronic network and the whole world par

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