7 votes
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U.S. Consumers Make Aggressive Cutbacks in Spending
The much weaker than expected retail sales report triggered a wave of risk aversion in the currency market. The U.S. dollar sold off aggressively against the Japanese Yen while the higher yielding currencies like the Euro and Australian dollar ga
9 votes
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US Retail Sales Key to Further Euro Gains
Risk FX firmed in overnight trade spurred by much better than expected GDP figures from both Germany and France. German GDP increased 0.3% vs. -0.2% forecast while French output rose 0.3% vs.-0.2% as the two largest economies in the EZ rebounded
13 votes
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Canadian Loonie Intervention Is Highly Unlikely
There was much talk Wednesday, circulating NY dealing rooms, that the Bank of Canada is getting ready to intervene in the foreign exchange market. We are dubious are that the BOC would intervene unilaterally on the CAD/USD exchange rate.
9 votes
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EURJPY
Good evening ladies and gentlemen! I'm taking a trade on EURJPY based on a simple technical setup and on the idea the recent rally in "risk" may be over done. Time for EURJPY to trend lower??
21 votes
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0 votes
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Pick of the Day: GBP/USD
Good afternoon Forex fanatics! There is a simply trendline break play forming on GBP/USD that I'd like to check out. Will the pair drop back further?
4 votes
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AUD/USD
Good afternoon! We are getting a few technical signals that the AUD/USD may be poised for a reversal down lower. Has the "risk rally" run out of steam? Let's check it out!
15 votes
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GBP/USD - Trade Update
Greetings! My short position was triggered as 'Cable' rallied higher yesterday, and after hitting resistance around the 61.8% Fibonacci level we saw sellers jump in and push the pair back below 1.44. Unfortunately, GBP/USD is back above 1.45, so
27 votes
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Pick of the Day: GBP/USD
Good afternoon! Big moves in the markets today as traders go into "risk aversion" mode. US Treasury Secretary Geithner announced details of the plan to hopefully stimulate lending by banks, but market players weren't too impressed and showed thei
6 votes
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Pick of the Day: USD/JPY
Greetings and Happy New Year! I'm back and it looks like currencies are back to their volatile ways. For my first trade of the year, I'm going short USD/JPY. Let's take a look at the fundamental and technical reasons why I think this pair may con
8 votes
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Japan's Economic Recovery To Take Time: BoJ Minutes
Thursday, minutes of the monetary policy meeting held on November 20 and 21 showed that the Bank of Japan policymakers agreed that the Japanese economic activity had been increasingly sluggish due to the impact of earlier increases in energy and
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US economic decline pushes oil down
US crude fell $1.36 to $38.55 a barrel and London Brent was down $1.35 at $40.10 a barrel.
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UK edges closer to recession
The country's economy is seeing its first contraction at its sharpest rate since the early 1990s, and productivity has also dropped for the first time since 1989, the Office for National Statistics announced Tuesday.


