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UK Market Closing Comments - IG Markets (ForexHound.com)
Going into the final few minutes of the day the UK market is trading near the lows of the day.
It has been a directionless session in the UK with the FTSE 100 flipping from positive to negative and staying within the range seen...
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Forex Trading: GBPUSD is breaking above the 100 hour moving average
The GBPUS is moving through resistance at the 1.9914 level. This is the 100 hour moving average and should provide support. The target above is the 200 hour moving average at the 1.9951 level.
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Forex Trading: EURUSD testing support
The EURUSD is testing the 100 hour moving average at the 1.5722 level. The market will watch this level going forward today. On the topside the 1.5753 level will be eyed. This was the high from July 25th. Above that, the high for the ...
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Dollar Bulls: More Tolerance to Pain?
For the US dollar, it is going to be a slow start to the new week with no major data due for release until Thursday. Consumer confidence and house prices will be out tomorrow and given the upside surprises last week, the data could be ...
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New Zealand Dollar to Weaken on RBNZ Rate Cuts
New Zealand Dollar Cannot Fly Niels-Henrik Bj and #248;rn S and #248;rensen, Senior Analyst, Danske Bank In this article we argue that there remains a large downside...
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In the Financial Papers: Today’s Top Forex News 07.28.08
Here is the “In the Financial Papers Radio Broadcast” (Length: 5:00 minutes). The player should load automatically. Please let me know if you like it. Contact Kathy Read my Daily report on DailyFX.com In the Financial Papers:...
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Yen Technical Outlook
Preferred count: The advance from 95.72 is wave W in a W-X-Y complex correction and the drop from 108.57-103.76 is wave X.
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British Pound Technical Outlook
The GBPUSD tested and held the trendline drawn off of the 6/13, 7/7, and 7/8 lows.
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Euro Technical Outlook
IF a flat is unfolding instead of a triangle in wave IV, then the rally to 1.6039 wave B of the flat. As mentioned, wave C would be underway now. A big...
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Swiss Franc Technical Outlook
A major reason that we have switched to a generally USD bullish bias is the USDCHF. The pair has broken above a channel that has held since early May.
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Canadian Dollar Technical Outlook
The rally from the wave E low is taking on an impulsive form, which inspires confidence in the bullish outlook.
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Australian Dollar Technical Outlook
For the first time in a long while, the AUDUSD has declined impulsively (5 waves); indicating with a high probability that the pair has formed a significant...
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DailyFX Analysts Bullish Dollars this Week
DailyFX Analysts Bullish Dollars It is a new trading week and DailyFX analysts are bullish dollars against a variety of different currencies in the face...
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Top Currency Trading Ideas for the Week of July 28, 2008
A longer term broad based USD rally is underway. The commodity dollars have led the way but expect the Euro to catch up soon.
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Dollar Holds Steady Despite Dows Drop - fxstreet.com
Weak Economic Data - No Surprise US Exiting Home Sales and Jobless Claims pushed the equity markets over a cliff on Thursday with the DOW Industrials closing down almost 300 points. But the Greenback held steady. ...
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