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Factory Orders -2.5%. ISM Non Manufacturing 49.3.
The ISM was stronger than expected while Factory Orders were as expected. The Stocks have rallied off the better service number and caused the USDJPY to test top side 100 hour moving average. The GBPJPY has also surged and is now above ...
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Forex Trading:GBPJPY surges on the better ISM Non Manufacturing Index
The 38.2% retracement level of 207.27 will be watched. This is from the high from February 27th to the low on March 3rd.
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Forex trading: USDJPY trading between intraday technical levels
On an intraday basis, the USDJPY is trading in between the 21 hour moving average and the 100 bar Moving average. These levels will be watched for clues into the intraday movements today.
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Australian Dollar Technical Outlook
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New Zealand Dollar Technical Outlook
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Euro Technical Outlook
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Dollar Rally Is Viewed as Corrective
The dollar rally is viewed as corrective within the larger decline. Look for an to the USD rally near USDJPY 104.75, EURUSD 1.5075, and GBPUSD 1.9665.
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Yen Technical Outlook
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British Pound Technical Outlook
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Swiss Franc Technical Outlook
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Canadian Dollar Technical Outlook
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Bank of America (BAC) Chart Patterns Update Before Earnings
In front of tomorrow’s earnings, let’s take look at BAC and see what type of pattern is forming in front of the release. The down channels shows that there is selling pressure in BAC and the downward angling Wave is confirming...
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In the Financial Papers: Today’s Top Forex News 03.05.08
Here is the “In the Financial Papers Radio Broadcast” (Length: 06:46 minutes). The player should load automatically. Please let me know if you like it. Contact Kathy In the Financial Papers: Podcast Covers: - ADP Signals Another...
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Forex News: Non Farm Productivity and Unit Labor Costs to be ...
The Final 4th quarter Non Farm Productiivty is expected to show a gain of 1.8%. This is no change from the previous estimate for the figure. Unit Labor costs are also unchanged from the initial release. Expectations are for the...
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Forex News: ADP Employment Report -23000 jobs
Weaker than expected. This would imply an unchanged NFP with 20000 Government jobs added. Lowest since April 203000.
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