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US Dollar Rebounds On US Stock Rally
Traders continue to pare their short USD positions against major currencies like the Euro, Swiss franc, Japanese yen and the British pound. Although interest rate differentials do not favor the US dollar in the medium- to long-term, ...
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Forex Trading: GBPUSD still under pressure, but testing support
The GBPUSD tests 50% retracement at 1.9880, takes out stops to 1,9858 low and bounces back up. Market will be watching the 1.9880 level to see if it can provide some support. read more.
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Weekly forex currency outlook (25 – 29 Feb 2008)
Currency pair. High Low. Pips difference. Trend. EUR/GBP. 0.7678. 163. Up. 0.7515. AUD/CAD. 0.9368. (242). Down. 0.9126. GBP/CHF. 2.1462. (780). Down. 2.0682. CHF/JPY. 100.45. 191. Up. 98.54. AUD/JPY. 100.51. (388). Down. 96.63. EUR/USD ... ...
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Forex Trading:USDJPY and GBPJPY under pressure
The stock decline and option activity which seems to be pressuring the pairs. GBPUSD being pressured as well as market participants hedge their positions. The activity in the illiquid market continues to exagerrate the price moves.
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Forex Trading Gold and Oil getting hit
This should help support the dollar (or visa versa) although the movements in the market are still exagerrated and random with USDJPY going from 99.85 to 99.10 with very little fight. Gold tested a trendline going back to January 22nd ...
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In the Financial Papers: Today’s Top Forex News 03.19.08
Here is the “In the Financial Papers Radio Broadcast” (Length: 07:51 minutes). The player should load automatically. Please let me know if you like it. Contact Kathy In the Financial Papers: Podcast Covers: Rumors of HBOS...
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Forex Trading: Markets are wandering around
Key will be what the stocks do today. The big news is an IPO (remember them). Visa goes public today and a successful day might lead to two up days in a row. This could/should support USDJPY, USDCHF and risk crosses (GBPJPY, ...
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British Pound Decline May Accelerate
A drop below 1.9941 would suggest that the GBPUSD has entered into a 3rd wave down. The short term objective would not be until 1.9535. Bigger picture,...
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New Zealand Dollar Technical Outlook
An ending diagonal is underway from the 1/22 low at .7494. Exceeding the wave 3 high of diagonal at .8214 would satisfy minimum expectations for wave 5.
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Yen Technical Outlook
The decline from 108.35 is wave iii of 3 of larger III from 124.13. It is possible that there are 5 waves complete at 95.72.
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British Pound Technical Outlook
We have concentrated closely on the GBPUSD recently because we are expecting a fast decline to 1.8500 over the next few months. "The rally from 1.9361...
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Euro Technical Outlook
The EURUSD has extended higher and is closing in on 1.60. A push through 1.5904 would make the rally from 1.5146 5 waves and possibly complete the entire...
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Swiss Franc Technical Outlook
It looks as though the USDCHF will continue lower. We do contend that the drop from 1.0352 is wave 5 within the 5 wave drop from 1.1105.
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Canadian Dollar Technical Outlook
As long as the declines are in 5 waves and the advances are in 3 waves, there is no reason to fade the downtrend. Price should come under .9710 soon. The...
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Australian Dollar Technical Outlook
The 60 minute chart zooms in on the rally from .8512 (January low). The rally from .8512 is viewed as wave 5 of large C. So far, there are only 3 waves...
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