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Venezuela's oil basket tumbles again; hits USD 101.63 per barrel

posted by Avatar forexclaim 1 day 16 hours ago in USD made popular 1 day 13 hours ago

The Venezuelan crude oil continued its downward trend, amid an oil market hit by bad signs for the global economy. The Venezuelan oil basket dropped USD 3.03 this week compared to last week s average and ended at USD 101.63 per barrel during the week ... read more
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Euro Rallies to New Lows

posted by Avatar commodityblog 1 day 17 hours ago in USD, EUR, Fundamental made popular 1 day 15 hours ago

The euro was rallying to new lows today, reaching the lowest level since 2010, on concerns that regional governments of Spain would meet obstacles in reaching capital markets. read more
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Dollar to Dominate until Greece a Done Deal

posted by Avatar yen2yen 1 day 17 hours ago in CAD made popular 1 day 16 hours ago

CAD: Canadian March Retail sales were mixed with a monthly sales gain of +0.4%, slightly ahead of expectations for a +0.3% rise. Retail sales ex-autos were up +0.1% vs. a +0.5% expected rise. USD: April's US new home sales rallied +3.3% to a seasonally ... read more
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Daily Forex Fundamentals - May 25, 2012

posted by Avatar EJSuratos 1 day 20 hours ago in Fundamental, Daily made popular 1 day 17 hours ago

It's the last day for you cool cats to make pips for this week, so make sure you know what's up in the forex market. Read up on my daily forex fundamentals report! read more
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EUR/USD Cracks 1.25; 1.2330-1.2350 is the Next Key Support

posted by Avatar FXTimes 1 day 22 hours ago in USD, EUR, Technical made popular 1 day 21 hours ago

The EUR/USD continues to hold below 1.26. We can see in the 1H chart that the attempt to break it in the 5/24 US session was quickly rejected even though 1.26 was cracked. After a bounce from the week’s low near 1.2510, there was another test of read more
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ForexLive European Morning Wrap: Mild Risk On Backdrop

posted by Avatar ejc 2 days ago in Fundamental, Daily made popular 1 day 23 hours ago

European stocks, gold, oil, US treasury yields all marginally firmer, reflecting a mild risk on backdrop.
EUR/USD up at 1.2585 from early 1.2530, having reached the dizzy heights of 1.2603 at one stage. The release of slightly better than expe read more
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Negative Q1 GDP Growth in UK Weighs on GBP; FTSE 100 Hovers

posted by Avatar spreadbetman 2 days ago in USD, EUR, Technical made popular 2 days ago

High yielding currencies were lower during the last few sessions, propelled in part by disappointing growth figures out of the UK. First quarter GDP numbers in the UK were lower than market expectations (largely on weakness seen in the constructi read more
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Gold Fundamental Analysis May 25, 2012, Forecast

posted by Avatar FXEmpire 2 days ago in Fundamental, Daily, Gold made popular 1 day 23 hours ago

Gold climbed today adding over 20.00 to reach 1569.15.

Overall market sentiments continue to reel under pressure from the lingering euro zone financial crisis and, weak economic indicators from Euro Zone and China added additional pressure ove read more
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Gold Prices Forecast May 25, 2012, Technical Analysis

posted by Avatar FXEmpire 2 days ago in Technical, Daily, Gold made popular 2 days ago

The gold markets attempted a rally on the session for Thursday, but as the Dollar gained in later hours, the gold markets wilted. The failure of a rally and the subsequent shooting star that formed for the Thursday session just proves how weak th read more
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NZD/USD Forecast May 25, 2012, Technical Analysis

posted by Avatar FXEmpire 2 days ago in USD, NZD, Technical

The recent fall in risk appetite has been stunning, as this pair rallies slightly on Thursday. The bounce that one would expect could come, but the action on Thursday didn’t exactly instill confidence in this pair for us. The candle is a bit like read more
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How To Set Up Meta Trader Forex Trading Platform

posted by Avatar Nial-Fuller 2 days ago in Trading Psychology made popular 2 days ago

How To Set Up Meta Trader Forex Trading Platform read more
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Yen lower, despite new round of risk aversion

posted by Avatar dennis 2 days ago in JPY made popular 2 days ago

USD/JPY is printing higher session highs last around the 79.75, gaining a +0.21% for the Asian trade, helped by positive inflation data coming out early in Tokyo showing a rise of +0.2% for the month of April in the Japan ... read more