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Pound Crushed By Weak Construction PMI, Euro Remains Bid
02.07.2008 06:20
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Pound lost more than 100 points in early London trade today after the construction PMI data showed a marked decline printing at 38.9 versus 43.1 forecast. The reading was the lowest value in years suggesting that the UK housing sector is now mired in a deep recession that will likely...
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European Market Update
02.07.2008 06:20
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In currencies the USD was mixed in trading on Wednesday, while the GBP was broadly weaker following the reports from UK homebuilder Taylor Wimpey. The GBP/USD continued to sustain momentum to hold above its 200 day moving average at 1.9977. The GBP/USD was lower by 85 pips at 1.9885, while...
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Currency Pair Daily Forecasts
02.07.2008 06:20
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EUR/USD-market strategy can be a buy till the level 1.5840$ To strengthen our analysis; we use many other indicators, starting with MACD (Moving Averages convergence divergence); we notice the MACD lines after a bullish crossover above the zero line. In order to find the power of the market, we use...
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Dollar Fell In Volatile Market Ahead Of ECB Rate Outlook
02.07.2008 06:20
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The Dollar fell against the Euro and was little changed against the Yen on Tuesday in a volatile session as investors debated the outlook for the US economy while anticipating a rate hike from the European Central Bank later this week.
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Dollar Trading At A Three Week Low Before The Employment Release
02.07.2008 05:19
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The dollar traded near a three-week low against the euro before an industry report today that economists predict will show U.S. companies cut jobs in June for the first time in four months. The U.S. currency also traded near a three-week low versus the yen before government data tomorrow that...
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Daily Forex Analysis
02.07.2008 05:19
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EUR/USD: The pair has been range trading with high volatility for a while now, and it appears that the bearish price movement might be back. However on the 4 hour chart local bullish correction is taking place. Going long with tight stops could be a good strategy today.
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Technical Analysis Daily: GBP/USD
02.07.2008 05:19
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The British Pound started descending yesterday against the US Dollar from yesterday's top 2.0000, which is also a record for the last two months, down to today's bottom 1.9870, which are the the first resistance and support levels respectively for the currency couple today. If the negative trend continues, next...
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Currency Technical Report
02.07.2008 05:19
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EUR/USD : We keep our positions small and try sell and buy positions in the ranges of the consolidation (1,5830-50 και 1,5715-35). A clear break of 1.5850 could be used for buy positions, with possible target at 1.5900-10 or 1.5940-50 area.
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Forex Technical Analysis
02.07.2008 05:19
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EUR/USD The currency pair has set a local bottom at 1.5301 completing the slide from 1.5844. Technical indicators are neutral. Trading takes place above 50- day SMA, currently projected at 1.5609.
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Daily FX Report
02.07.2008 05:19
actionforex.com
Since the end of April, the USD/CHF has been trading in a horizontal direction. The width of the channel has had narrowed since the end of May. At the moment, the currency has stopped its decrease at the support level of 1.0141. If the pair does not cross this line...
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Elliott Wave and Fibonacci Predictions: USD/JPY
02.07.2008 04:23
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Hey traders, I just went short on USD/JPY after my wave e) touched the upper trend line resistance of the triangle. EUR/USD also moved higher from very similar pattern like this on USD/JPY. I am short on USD/JPY from 106,17 with stops above 106,44. If you have any thoughts to...
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Forex Technical Analytics
02.07.2008 04:23
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The pre-planned breakout variant for sells has been realized but with a loss of several points in attainment of minimal assumed target. OsMA trend indicator having marked the activity fall of both parties gives grounds to presume range movement of the rate without clearness in a choice of planning priorities...
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ECB in Uncharted Waters
02.07.2008 04:23
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At its monetary policy meeting on Thursday, the ECB governing council is virtually certain to hike rates for the first time since June last year to 4.25%. At its early June press conference, ECB's Trichet surprised friend and foe by openly hinting at a 25 bps increase at their next...
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Expected Outcome of the ECB's Monetary Policy Meeting
02.07.2008 04:23
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Our economists expect the ECB to raise interest rates by 0.25 percentage point to 4.25%. The ECB has been in focus lately, particularly in connection with the announcement of new euro-zone inflation data. Overall, the members of the ECB's Board of Governors have been hawkish, focusing on the high inflation...
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Aud Retail Sales Jump
02.07.2008 04:23
actionforex.com
Usd was stable in the Asian session as better then expected US data kept the greenback bears in check. EurUsd found support from the 5-ma trading from 1.5777 to 1.5820 while GbpUsd was unable to hold above the psychological 2.000 mark, trading between 1.9930 ? 1.995. UsdJpy saw a decent...
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