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Forex Trading: NZDUSD channel bound (more or less)
The NZDUSD is still an interesting currency pair as it wrestles between growth, inflation and what may be overly restrictive monetary policy. Add to the mix fiscal policy tax cuts, a drought and carry traders and it becomes even an even ... ...
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Forex Trading: USDJPY breaks higher
The USDJPY has broken above the range trading high at 105.69 level with stops being triggered in the process.
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Australian Dollar Crosses Face Resistance
See the article...
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US GDP and Unemployment Figures - Good -- Oil - Bad
Volatility was muted as GDP and Unemployment numbers came in with no surprises and barely fazed the currencies. 2008-May-29-2008-GBP-USD-1 Min-Triangle. GBP-USD 1 Minute Chart - Triangle Patterns Can Work on Any Time Frame ...
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Forex News: ECB sees signs that inflation is trending up
In the ECB 10th Anniversary Bulletin,it is reported that the ECB sees signs that inflation is trending up and that it cannot rule out inflation expectations moving higher. He also notes that monetary policy needs to constantly be...
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Forex Trading: EURUSD tests the 1.5550 level and holds
The EURUSD shot up on the lower inventories. The pair tested the 1.5551 level outlined in the earlier comment (click here) and held. This level is the 50% retacement. The strong and immediate rejection of the level suggests the pair ... ...
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Forex Trading: Oil Inventories come out lower. Oil bounces
Crude oil inventories down 8.9 million versus -300000 Estimate. Gasoline down -3.26 million barrels versus -200000 Estimate. Drop in Crude deliveries due to temporary delays in the Gulf.
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EUR/USD Continues to Fall on US GDP Report
EUR/USD made its biggest drop since May 7 today. The popular currency pair continued its decline that has started on Tuesday and will probably last until it reaches 1.5300-1.5400 levels. EUR/USD went down from 1.5647 to 1.5533. ...
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New Zealand Dollar Technical Outlook
The rally from .7536 is in 2 nearly equal legs, therefore it is possible that an important top will form soon and that Kiwi will retrace all of the rally...
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Australian Dollar Technical Outlook
The rally from .8952 is wave C of a large 5th wave diagonal that could extend to a measured objective just below 1.00 in coming weeks (.9936).
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Canadian Dollar Technical Outlook
We should know very soon whether or not we are completely wrong in our assessment of the USDCAD.
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Swiss Franc Technical Outlook
We must respect the possibility that a larger correction is underway from .9647.
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British Pound Technical Outlook
Support held just below 1.97 and a 4th wave should be complete at 1.9672.
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Yen Technical Outlook
We are looking for a spike through 105.70 in order to complete the entire rally from 95.72.
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Euro Technical Outlook
We are not giving up on the bullish count until we see a clear 5 waves down from 1.5817.
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