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As a forex trader, if you check several different currency pairs to find the trade setups, you should be aware of the currency pairs correlation, because of two main reasons: You avoid taking the same position with several correlated currency pairs at the same time and so you do not multiply your...
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Lonny Strike, 13 August 2014, 21:01
Traders typically approach financial markets in one of two ways: either through technical analysis or fundamental analysis. The reality is that history is full of traders who have had very successful careers as traders that employed both of these types of analyses...
Currency
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Lonny Strike, 13 August 2014, 15:11 #Interest Rate, CPI, GDP
"The dollar-rupee has become a play on global markets, and we may see a pause in the dollar's runaway gains," said Anindya Banerjee, a currency analyst at Kotak Securities, a brokerage in Mumbai. The partially convertible rupee closed at 61.19/20 per dollar, compared to Friday's close of 61.14/15...
Currency
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Rachael Taylor, 13 August 2014, 07:11
German economic confidence weakened sharply to the weakest level since December 2012 as geopolitical tensions weighed on analyst expectations, the results of a closely watched survey from the Mannheim-based Centre for European Economic Research/ZEW showed Tuesday...
Currency
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Sergey Golubev, 12 August 2014, 17:10
GBPUSD posted its biggest monthly decline in July since May 2013. The selling pressure was driven by the strengthening U.S. economy and increased expectations for higher U.S. interest rates. The U.S. Non-Farm Payrolls report, due to be released on August 2, could set the tone for August...
Currency
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Peter Gervas, 12 August 2014, 16:23 #technical analysis
This is the most depressing day in the cryptocurrency markets as every top coin, including the likes of Bitcoin, Litecoin, Darkcoin, Dogecoin, etc. have fallen massively in the last 24 hours. Here is the full report: BTC/USD The BTC/USD opened yesterday while being trading at around $591...
Currency
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Sergey Golubev, 12 August 2014, 15:49 #Cryptocurrency, bitcoin
Fundamental Forecast for Australian Dollar: Bearish AUDUSD Extends Declines As Risk Aversion Saps Carry Demand Aussie Left Vulnerable As Rate Hikes Look Increasingly Distant Geopolitical Tensions May Pose A Short-Term Threat To The AUD The Australian Dollar extended its recent declines over the p...
Currency
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Damiano Fabiański, 11 August 2014, 14:00 #RBA
“USDCAD has fallen apart which ironically means it is probably going to find some sort of low soon. The rate is nearing important price levels. The 2011 high at 1.0657 and current year open at 1.0634 are possible supports...
Currency
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Rachael Taylor, 11 August 2014, 06:07 #resistance, support
“Of note is a weekly outside reversal and weekly RSI rolling over from above 70 this week. Prior instances of RSI rolling over (2004, 2006, and 2007) from above 70 indicated tops of at least several months...
Currency
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Lonny Strike, 10 August 2014, 16:22 #resistance, support
In recent hours the AUDUSD is easing back a little after dropping so sharply in the last 24 hours from above 0.9350 down to a two week low at 0.9260. In the last 48 hours the Australian dollar had surged higher to a one week high near 0.9375, before easing back and then falling sharply...
Currency
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Patti, 10 August 2014, 10:10 #resistance, support
The pound was little changed against the U.S. dollar on Thursday, after the Bank of England left interest rates unchanged and announced no change to its asset purchase facility program. GBPUSD hit 1...
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Damiano Fabiański, 8 August 2014, 12:24 #Interest Rate
The yuan appreciated 0.12 percent to 6.1633 per dollar at the close of trading in Shanghai after surging close to its highest level in five months of 6.1624. The closing level was up 0.08 percent past Wednesday’s reference rate of 6...
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Ray Steve, 7 August 2014, 22:05 #China
The euro fell to fresh nine month lows against the dollar on Wednesday, as weak euro zone economic data and renewed concerns over the crisis in Ukraine pressure pressured the single currency lower. EURUSD was down 0.26% to 1.3333, the weakest level since November 8...
Currency
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Sergey Golubev, 6 August 2014, 16:47 #resistance, support
European Services PMI ticks lower: 54.2 vs. 55.4 forecast, 54.4 previous European Composite PMI weaker: 53.8 vs. 54.4 previous U.K. Services PMI is higher: 59.1 vs. 58 forecast, 57.7 previous European Retail Trade m/m: 0.4% vs. 0.5% forecast, 0.3% previous; y/y higher at 2.4% vs. 1...
Currency
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BanwariLal Bamalwa, 5 August 2014, 16:42 #forex, EUR/USD
The Canadian economy grew at the fastest pace in four months in May, driven by gains in manufacturing, wholesale and retail trade, energy and construction. Gross domestic product, the total of goods and services produced in the country, rose 0.4% to 1.62 trillion Canadian dollars ($1...
Currency
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Patti, 31 July 2014, 15:54 #GDP
U.S. home mortgage applications fell last week, lead by a decline in refinancing requests, reported the Mortgage Bankers Association on Wednesday. The MBA announced that its seasonally-adjusted measure of mortgage applications, which covers both new home purchases and refinancing, plunged 2...
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Ray Steve, 31 July 2014, 11:15
On Tuesday the dollar held steady near a six-month peak against a basket of major currencies at Australian and Singapore markets, as investors kept to the sidelines ahead of a policy review by the Federal Reserve...
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Alice F, 29 July 2014, 07:27 #usd/jpy, Fed, EUR/USD
This Monday bitcoin fell further below the $600-level, as a wave of technical selling kicked in after prices fell below key support levels. According to the CoinDesk Bitcoin Price Index, which averages prices from the major exchanges, prices of the crypto-currency dropped 1.76% to trade at $580...
Currency
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Alice F, 28 July 2014, 23:05 #bitcoin
On Monday the Japanese yen gained in early Asian trade with the events in Eastern Europe and Middle East on investors minds and safe haven assets sought. USD/JPY traded at 101.79, down 0.04%, while AUD/USD held at 0.9399, up 0.04%, and the US dollar index fell 0.05% to 81.11...
Currency
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Alice F, 28 July 2014, 09:37 #ECB, usd/jpy
AUDUSD Moves to Support at .9431 R3 Range Resistance Sits at .9476 Price Under S4 Signals a Breakout to New Lows The AUDUSD spent most of the overnight trading session reversing between key points of support and resistance...
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Sergey Golubev, 25 July 2014, 09:29 #breakout