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Forex News: ECB Juncker says EURUSD is overvalued versus the dollar
ECBs Juncker on wires saying the EURUSD is still overvalued versus the dollar. This has moved the EURUSD sharply lower. The pair is approaching the low from yesterday at 1.4385. A lower EURUSD will promote Euro exports which...
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Forex Trading: GBPUSD breaks below closing level and stops hit ...
GBPJPY selling helps the move down. Dollar bullishness continues.
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Why Non-Farm Payrolls Could Top -100k
On Friday, we are expecting the number one most market moving release for the US dollar - August Non-farm payrolls. Based upon the leading indicators for NFP, there is a decent chance that job losses could have topped 100k last month. ...
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Forex Traders Remain Bearish, Signal Rallies
USD/CHF Ratio: -1.32 Trading Signal: Bullish
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Forex Trading :GBPUSD approaching support at yesterdays closing level
The GBPUSD is approaching support at 1.7767. I would expect intraday buyers against stops below.
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Forex News: US ISM Non Manfacturing comes stronger than expectations
Non manufacturing comes in at 50.6 versus 49.5 last month. Employment 45.4 versus 47.1 New Orders 49.7 versus 47.9 Inverntory 53.5 versus 54.5 Prices 72.9 versus 80.8 Exports 44.5 versus 47.5 Imports 46.0 versus 49.0 ...
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Forex Trading: GBPUSD consolidating. Being up on the day is a result
20 of 24 days have been down for the GBPUSD. The pair is currently up on the day (closed at 1.7767), I would expect that traders will buy dips against a stop below yesterdays closing level. The odds have to favor a rebound...
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China Huiyuan Quenches Coca-Cola’s Thirst For Foreign Exposure ...
The Coca-Cola Co. (KO) announced yesterday (Wednesday) that it will buy China Huiyuan Juice Group Ltd. for $2.3 billion (HK$17.9 billion) in an effort to diversify its presence in one of the world’s fastest-growing...
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FDIC Quandary Could Stick US Taxpayers With The Tab For The US ...
The “Bailout Bens” are at it again. I’m talking, of course, about US Federal Reserve Chairman Ben S. Bernanke, who’s clearly decided it will be “bailouts for all.” Why is this problematic? Federal Deposit...
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EUR/CHF, Sharply Lower Prices Over Next Few Months ?
The bearish view in eur/chf remains in place as the 3 wave correction from the March low at 1.5450 was likely completed at the July 31st high at 1.6395 (A-B-C, see daily chart below), and targets eventual declines back to 1.5450 and below...
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Forex Trade: EURUSD trading randomly as the market digests the ...
The Trichet comments are consistent with the expectations. He will remain concerned about inflation and wage growth and will do all he can to bring about price stability. The EURUSD tested the 38.2% retracement level of the...
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How the rich differ from the rest
Article from News.com.au. Nothing really new, but it is good reminder. A common definition is a person with at least $US1 million ($1.2 million) in assets not including the family home. “The rich are normal human beings, but with bigger ...
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Stocks Are Rolling Over; Volume Picking On The Downside
At the moment, this confirmed market rally starting in late in the summer is fading very quickly. For the second day following labor day, stocks ended the day in red and in higher volume. This is a troubling sign for stocks, ...
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Forex News: German's IG Metal requesting wage gain of 7-8 ...
The IG Metal metal workers are requesting a 7-8% wage increase. The negotiations will be watched over the coming weeks especially in light of Trichet comments which specifically mention this market and inflation influencing...
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Why the ECB is Still Hawkish
ECB President Trichet’s lack of commitment towards future monetary policy has led to little volatility in the Euro. After leaving interest rates unchanged at 4.25 percent, Trichet explicitly said that he has “no bias. ...
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