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Gold Weekly Fundamental Analysis May 28 – June 1, Forecast

posted by Avatar FXEmpire 2 hours 4 minutes ago in Fundamental, Weekly, Gold made popular 11 minutes ago

Gold closed down slightly on the week at 1572.25, negating last week’s bullish hammer in the candlestick charts. This is gold’s 2nd week below the previous long-term uptrend and thus the outlook remains bearish. Overnight strength in the dollar read more
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USD/CAD Fundamental Analysis May 28, 2012, Forecast

posted by Avatar FXEmpire 2 hours 12 minutes ago in USD, CAD, Fundamental

The USD/CAD saw a stronger US dollar push upwards again today, trading at 1.0286 up 0.0017 in mid day trading.

With oil prices continuing to decay and no eco data from Canada, the pair is at the sentiment of the US. Spikes in risk aversion ten read more
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Gold Prices May 28, 2012, Technical Analysis

posted by Avatar FXEmpire 2 hours 39 minutes ago in Technical, Daily, Gold made popular 1 hour 28 minutes ago

The gold markets rose during the session on Friday as the choppiness continues. The $1,500 level below is a “last stand” for the bulls, and there is a good chance that several funds are finding their way into the markets as we approach this area. read more
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USD/JPY Forms Symmetrical Triangles on H4

posted by Avatar topforexnews 5 hours ago in USD, JPY, Technical made popular 3 hours ago

USD/JPY has formed an almost ideal symmetrical triangles pattern on its H4 chart. The formation dates back to May 16. read more
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Japanese Yen Reversal To Take Shape On Intervention Threats, BoJ

posted by Avatar czarinacleopatra 1 day 12 hours ago in USD, EUR, JPY made popular 1 day 11 hours ago

Although the BoJ preserved its current policy in May, Governor Masaaki Shirakawa held a highly dovish tone while speaking to parliament and vowed to tackle the risks surrounding the region as it aims to achieve the 1% target for inflation. read more
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Daily Chart Art - May 25, 2012

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

On today's menu: the British pound special! We've got finger lickin' good setups on GBP/USD, GBP/JPY, and EUR/GBP that you shouldn't miss! read more
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GBP/USD Fundamental Analysis May 25, 2012, Forecast

posted by Avatar FXEmpire 2 days ago in USD, GBP, Fundamental made popular 2 days ago

The GBP/USD traded in a fairly tight range today, closing at 1.5696. Remembering that the GBP was in striking range of the 1.63 price level just a fortnight ago. The UK continues to see negative eco data, and a weak housing market. 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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USD/CAD Forecast May 25, 2012, Technical Analysis

posted by Avatar FXEmpire 2 days ago in USD, CAD, Technical made popular 2 days ago

The USD/CAD pair rose during the session, but ended up almost unchanged by the end of Thursday. The pair is being moved around by the oil markets, and those commodity markets found a little bit of a bid during the day, and this gave the Canadian read more
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GBP/USD Forecast May 25, 2012, Technical Analysis

posted by Avatar FXEmpire 2 days ago in USD, GBP, Technical made popular 2 days ago

The GBP/USD pair has fallen again during the Thursday session to test the support level at the 1.5650 level. The level was our “line in the sand” for the bulls, and the fact that we have touched it for the session suggests that a decision has to read more
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USD/JPY capped below 79.65 despite positive CPI data

posted by Avatar superpotato 2 days ago in USD made popular 2 days ago

Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your ... read more
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Australian Dollar Outlook - 05/25/2012

posted by Avatar penpip 2 days ago in USD, EUR, JPY, GBP, CAD, AUD made popular 2 days ago

Reinforcing the need for stimulus in China, the HSBC flash manufacturing PMI eased slightly in May to 48.7 showing a tough growth environment for smaller manufacturers. There are no data releases due today therefore we expect the AUD to continue its ... read more