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AUD/USD Intraday: Closer To Support Than Resistance
Technically it looks like a ‘buy-dip’ strategy may pay more dividends on an intraday basis. The break-up level yesterday was .8550 and now that we are nearing that level again, buying dips would seem to be the sensible play.
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House price growth to slow
Rising interest rates and weaker first home buyer activity will lead to slower house price growth in 2010, a leading economic forecaster says.
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Strong Beginning, Tepid Finish For The Euro
EUR/USD rallied to the low 1.2270s straight out of the gate this morning, before running into sellers from central banks. Price consolidated below that level until the 15:00 GMT fixing when the offers were absorbed and prices rallied as high as 1
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Loonie Falls From Highest Level in June on Greece Downgrade
Canada’s dollar fell from the highest level this month as a downgrade of Greece rekindled concern that the global economic recovery will stall.
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CAD backs off 4-wk high but finishes higher
The Canadian dollar backed off a four-week high but finished firmer against the U.S. currency on Monday, aided by stronger energy prices.
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Euro Rally Runs Out of Steam
U.S. dollar was lower across the board Monday, but recouped some of its losses after Moody's cut Greece's credit rating to Ba1 from A3.
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Video: Risk-On Fueled by Euro Output Data Dented by Greece
Overnight the risk rally from last week was extended as we had stronger than expected industrial production data from the Euro-zone and quarterly manufacturing report from Japan. The Euro, Pound and commodity currencies rallied against the Dollar
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Homebuilders, Banks Selloff Despite Risk Rally
The broader rally for riskier assets, which is pushing equities markets and commodities prices higher in trading today, has failed to spur demand for shares in the embattled homebuilder and banking sectors.
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Forex Trading Journal: Trade Update and New Trade Setup
Last Friday I ended with a trade on the Gbp/Jpy and I ended up Losing -18 pips on the trade but I am up a total of +250 pips. This was a great trade because there were some lessons to be learned and now we all get to learn. I know that it sounds
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EU Morning Report – US Retail Sales disappoint the markets c
Markets on Friday saw volatility pick up across the board with the EURUSD’s trading range over 100 pips. Retail sales on Friday came in weaker than expected for the month at -1.2% however this is not expected to have a great impact on underlying
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European Market Update – 6/14/10
Equities: – European equities opened the session higher, supported by gains in Asian equities and the narrowing in peripheral debt spreads. In terms of specific sectors, today’s gains are being led by miners and financials. However, shares of BP
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EURUSD: Risk Opens Up Towards 1.2353/1.2771.
EURUSD saw a respite the past week halting its strong medium term declines and triggering a recovery higher to close the week at 1.2110.


