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October 17 market commentary and technical levels
Fri, 17th of October, 2008 By Setyo Wibowo (analyst@fxinstructor.com). EURUSD Outlook The EURUSD made no significant movement yesterday and seemed to move in ranging market situation. We still have valid bearish channel on both hourly ...
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Forex Trading - US Housing Starts - continued weakness
Housing Starts down 6%. Building Permits down 8.5%. with GM looking to merge - can Michigan confidence at 10 am NYC time be strong ?
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Forex Trading: USD/CHF Treading Between Support and Resistance on ...
CLICK PICTURE FOR LARGER DETAILED IMAGE. USD CHF has broken its downtrend on the retracement from the high Jan 31, 2007 at 1.2571 to the low March 17, 2008 at .9638. It is currently trying to break above the 61.8%...
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Forex Trading News: EUROZONE Trade Balance Released
The EUR has fallen to session lows behind worse than expected EUROZONE Trade Balance. The Trade Balance came out at -6.1B from the previously revised -6.7B. This was forecast to rise to -5.4B. Below is a chart showing the EURUSD ...
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Forex Trading News: German Economic Minister Gloss on the Wires
German Econ Min Gloss reiterates it is still difficult to say how current financial crisis will impact industries. - Notes several companies are amazingly resilient to financial crisis - Says there is no need for panic but we...
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Forex Trading News: ECB's Paramo on the Wires
ECB's Gonzalez Paramo: inflation to fall below target in H2 of 2009. - ECB must look beyond short term inflation rate; noted inflation is highly dependent on commodity prices - Seeing constant coordination among global central banks; ...
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Forex News: JPY Nationwide Department Store Sales Out
JPY Nationwide Department Sales Out YoY. Actual -4.7%. Prior -3.1%
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Forex Trading News: USDJPY Retraces to Resistance
With US Equities finishing in the positive today and the Asian markets up (for now), we saw a flow away from the risk aversion trades as the JPY weakened up across the board. The USDJPY was able to build momentum and rise up to the 100% ...
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Forex News: WSJ Article on Declining Oil Prices Due to Weak ...
Signs that an enfeebled US economy is using less and less oil sent world crude prices below $70 a barrel for the first time in 14 months, a dramatic turnaround for a market that not long ago had some analysts predicting...
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Forex Trading News: Economic Calendar (10/17/2008)
Friday, October 17, 2008.
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Multi-Year EURGBP Reversal?
The EURGBP may be at a historical turning point.
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NZDUSD Offers Short-Term Range Opportunities Even As Major Breakout Looms
Most of the Forex market is looking at congestion – ideal conditions for range traders. However, considering the market activity that preceded this chop,...
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EUR, GBP, AUD Holding - Look for Breakouts
The EURUSD, GBPUSD, and AUDUSD continue to hold above critical supports. Wave structure (view this morning's technicals) indicate bullish potential for...
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Philippine Peso Forex Trading Forecast
Emerging market currency hit hard by global recessionThe Philippine peso forex trading forecast is grim.
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Canadian Dollar Drops in Currency Trading
Loonie in forex tradingThe Canadian dollar is dropping in currency trading on the FX market right now.
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