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BetOnMarkets.com Afternoon Report
Please find below the Afternoon Report from David Evans, market analyst
at BetOnMarkets.com
After central banks dropped a coordinated liquidity bomb overnight,
global equity and credit markets have reacted well. Although the bounce
off the lows...
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Forex Trading Forecast: Canadian Dollar
Currency trading with the loonieThe forex trading forecast for the Canadian dollar could be seeing an upside in the coming weeks.
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Central Banks Move to Boost Global Liquidity
Forex reserves are being used to prop the currency marketOne of the things that forex reserves do is prop up the currency market.
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Canadian Dollar Forecast to Rally Against US Dollar
USD/CAD Ratio: 1.86 Trading Signal: Bearish
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Forex Traders Remain Bearish, Signal Rallies
USD/CHF Ratio: -1.17 Trading Signal: Bullish
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Forex Trading Crowd Buys US Dollars: We Forecast Declines
EURUSD – Forex Trading Crowd Sells the Euro, Could Rally Further GBPUSD – British Pound Forecast to Gain Against US Dollar USDJPY – Currency Traders Accurately...
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US Leading Index Signals Economic Slowdown For Second Month
The US leading economic index for the US fell more than expected in August at a rate of 0.5 percent, marking the second consecutive decline. Looking at...
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New Zealand Dollar Technical Outlook
A countertrend move back to the .7200 area or higher is probably underway.
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Australian Dollar Technical Outlook
The AUDUSD may have completed and ending diagonal at .7799.
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Canadian Dollar Technical Outlook
There is no change to the USDCAD analysis. “The USDCAD reversed at a Fibonacci confluence (61.8% ext. of the .9055-1.0378 advance and 61.8% retrace of...
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Swiss Franc Technical Outlook
As long as the USDCHF is below 1.1117, our preferred count is that a 3rd of a 3rd wave is down towards 1.0659 (Fibonacci extension).
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British Pound Technical Outlook
The rally from 1.7729 may be wave i of 3 (or C). Similar to the EURUSD, the GBPUSD is vulnerable to weakness into the 1.7938-1.8068 zone (Fibonacci zone)...
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Yen Technical Outlook
Evidence that favors bears:
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New Overnight Developments Abroad: Swap Lines With Fed Raised by $180 billion
At 07:00 GMT today, the Fed, Bank of Canada, ECB, Bank of England, Swiss National Bank and Bank of Japan announced a $180 billion increase in their swap credit lines to $247 billion. The plan will enable these banks...
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Market Update from Trade The News
European Market
Update: Central Banks announce fresh measure to combat liquidity concerns;
UK retail sales beat expectationsface=Arial>
*** ECONOMIC DATA ***
- (JP) Aug Tokyo Dept
Store Sales: -4.1% v -0.9% prior; Nationwide: -3.1% v -2.5%...
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