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Daily Forex Analysis
11.07.2008 05:17
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The EUR/USD pair has made an aggressive bullish move within the flat channel of the daily forex chart and is now approaching strong support. The hourly EUR/USD chart is showing a local consolidation around the 1.5770 level. The positive slope on the 4 hour chart's Slow Stochastic is also indicating...
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AUD/USD Daily Outlook
11.07.2008 05:17
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AUD/USD's rise from 0.9475 extended further as expected and is now pressing mentioned 0.9639 resistance. At this point, intraday bias remains on the upside as long as 0.9578 minor support holds. As discussed before, correction from 0.9667 should have completed with three waves down to 0.9475. Break of 0.9639 resistance...
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Technical Analysis for Crosses
11.07.2008 04:16
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The Euro managed to breach the 168.98 resistance level against the Yen after it gathered strong upside momentum, yet the momentum indicators started to show the pair is trading among an overbought area supported by emerging selling signals but over the medium term the momentum indicators are being neutral and...
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The Balance of Trade
11.07.2008 04:16
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After Mr.B said yesterday that the financial turmoil is ongoing, dollar has suffered since then and currencies found their way up, today with less significant data waiting, will the greenback be able to have its strength back, or would it be a trigger for further weaknesses?
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Daily Report: Dollar Stabilizes but Looks Vulnerable
11.07.2008 04:16
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Dollar stabilizes a bit from yesterday's selloff as focus now turns to consumer confidence data to be released today. University of Michigan consumer sentiment is expected to plunge further to a 28 year low of 55.5 in Jul. May trade balance will also be released and is expected to show...
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Today's Market Outlook
11.07.2008 04:16
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EURUSD 9:00 (GMT+3) Negated a suspected bear pennant following Thursday's lift above 1.5754, 07 July high and 1.5778 resistance band. Rising lows off 1.5611, Monday's low underpin ahead of further push towards 1.5839/44, 76.4% of 1.5910/1.5611 fall where a swing high may emerge before next downleg to extend the pullback...
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Japans Consumer Confidence Wanes
11.07.2008 04:16
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The Usd was range bound in Asian Session after being sold-off in NY trading. EurUsd traded between 1.5760 - 1.5800 resistance while UsdJpy found slightly more direction trending upwards from 106.90 to 107.28. Rumors around Fannie & Freddie continue to distract the markets with risk appetite shaky and equity markets...
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US Financial Sector Worries. Bank Of England Left Rates Unchanged
11.07.2008 04:16
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The Dollar fell against the Euro on Thursday, dragged down by persistent worries over the health of US financial sector, as shares and bonds of the country's two mortgage finance giants tumbled on capitalization fears.
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Daily FX Report
11.07.2008 04:16
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In EUR/CAD over the last few days, we had a very strong bearish tend. The market lost about 130 pips in 4 days. Yesterday afternoon, the market started a recovery and developed a short term bullish trend. If the currency pair breaks through the resistance at 1.5941 this will be...
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Will We See A 28-year Low In US Consumer Confidence?
11.07.2008 04:16
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According to New York Times, U.S. officials are now considering a plan that would entail taking over the largest government sponsored mortgage lenders Fannie Mae and Freddie Mac, should they state of business continue to deteriorate further.
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Technical Analysis for Major Currencies
11.07.2008 04:16
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The sterling wasn't able to initiate a clear upside trend as trading for the day on the different indicators still show the bearish potential. The pair must remain above 1.9840 in order for the short term indicatos to clearly point to the upside or else the pair will decline today...
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Forex Technical Analytics
11.07.2008 04:16
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The assumed test of the key supports has been confirmed with conditions for realization of buyers' positions. OsMA trend indicator following the results of previous trading day has not revealed the advantage of any party to make a choice of planning priorities for today. Hence because of chosen strategy based...
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Dollar Plunging Yet Still Supported
11.07.2008 04:16
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Uncertainties are still hovering around the US economy, with the stock markets falling into a bearish one, in addition to the comment made by Bernanke and Paulson, as they both believe in the need of more power to mediate markets, as they need to regulate securities of firms on the...
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If The US Housing Crisis Reaching Its Climax?
11.07.2008 04:16
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An article from the New York Times is making the rounds this morning, explicitly describing how the US government might take over (effectively nationalize) the key mortgage lenders Fannie Mae and Freddie Mac, who together represent in the neighborhood of half of the US mortgage market. The market has been...
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EURUSD, AUDUSD, EURCHF Daily Outlook
11.07.2008 03:16
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The upside is on focus once again due to recent rally to 1.5800. Strong resistance is formed into the 1.5795/00 region by an upward trendline and also by the 62% retracement of the 1.5909-1.5611 move. A potential break will confirm the uptrend. On the downside, interim support starts at 1.5760...
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