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USDJPY Breaks 105, But Will the Move Continue?
USDJPY broke above the psychologically important 105 level but has failed to sustain its gains.
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EUR/USD: What Impact Will Euro-zone GDP, CPI Make on Thursday?
While European Central Bank President Jean-Claude Trichet maintained his hawkish posture during the press conference following the ECB?s last policy meeting...
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British Pound Crosses Diverge
See the article...
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Traders Bet The Fed Will Hold As Credit, Growth Outlook Improve
Despite the pressure still evident in both the financial markets and economic data, market participants are still very confident that the Fed will take...
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US Subprime and Housing Crisis 101
Here’sa secret, I am a BIG FAN of the Public Radio show This American Life. This past week Ira Glass shares stories about how the sub-prime crisis has affected Americans and he provides an easy to understand rundown of how the sub-prime ...
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Forex News: ECB Garganas on the wires
INFLATION EXPECTATIONS STILL WELL ANCHORED; CURRENT PERIOD OF VERY HIGH INFLATION TRANSITORY; IF ECB HAS TO BE TOUGH ON RATES, SO BE IT; SLOWER GROWTH MAY NOT PUSH INFLATION UNDER 2%; ECB HAS ONE OBJECTIVE: MAINTAIN PRICE STABILITY ...
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Forex Trading: GBPJPY looking ok....above support at 204.37 and 204.54
London and Europe are nearly gone and the day has turned quiet. Looking at the GBPJPY chart, the pair looks ok as it has been able to work above both the 50% retracement level of the last move down (see chart) and the 200...
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April CPI Disappoints Dollar Bulls
While the April CPI report was expected by many Forex traders to improve the dollar positions and helped greenback gain before the actual release, disappointing CPI reading pushed EUR/USD up from its daily lows and it’s now trading ...
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Forex Trading: And down goes the EURUSD
The intraday traders took the queue from the moving averages (see earlier posts) and sold on the break of 1.5457. The momentum pushed the pair down to 1.5434 low. So the break higher moved to 1.5487, up 30 pips. ...
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Is Risk Appetite Returning to the Markets?
Since last Thursday, carry trades have performed very well. USD/JPY has risen over 250 pips and the Dow appears to be carving out a near term bottom. This has led some investors to wonder whether whether risk appetite has returned. ...
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Weak Dollar Affects Study Abroad Programs
Yesterday I talked about how the weak dollar has affected the Film Industry. Today, the Wall Street Journal has an article about how the weak dollar is affecting study abroad programs. With the greenback down 20% against the Danish ...
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In the Financial Papers: Today’s Top Forex News 05.14.08
Here is the “In the Financial Papers Radio Broadcast” (Length: 5:33 minutes). The player should load automatically. Please let me know if you like it. Contact Kathy In the Financial Papers: Podcast Covers: CPI Growth Weaker than...
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Consumer Inflation up only 0.2% - Right!
Gasoline Prices Down 2% and other Government "Statistics". There’s No Inflation – Everything is Fine… The pundits seem happy to shrug their shoulders and accept the lies the government keeps pushing. Recently Glenn Beck on CNN showed ...
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Yen Technical Outlook
We remain bearish as long as the USDJPY is below 105.70.
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Euro Technical Outlook
The decline from 1.6018 began as an impulse but has failed to continue as one.
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