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EUR/USD's Downward Movement Extends Lower The EUR/USD 's downward movement from 1.3650 extended to as low as 1.3403. Initial resistance is at the downward trend line on 4-hour chart, as long as the

Euro At Eight Month Low Ahead Of FOMC EUR/USD Open 1.3408 High 1.3445 Low 1.3403 Close 1.3406 On Tuesday the EUR/USD decreased with 40 pips. The european currency depreciated from 1.3445 to 1.3403

Slow, Steady Gains For The Dollar Yesterday was a day like any other day. We had similar development, similar slow but steady gains in the Dollar that hit some interesting targets in some

AUD/USD Consolidates Below 0.9400 The Aussie has spent the last few days easing back below both the 0.9425 and 0.9400 levels with the former providing some resistance, which has now resulted in some

Daily Market Outlook: July 30, 2014 EUR/USD The Euro cracked psychological 1.34 support after full reversal of 1.3475/1.3992 bull-leg and break below main bull-trendline, drawn off 1.2042, July 2012

EUR/USD: down-trend extending to S3 monthly pivot The EUR/USD has now decisively broken below the S2 monthly pivot and is continuing its short-term down-trend lower. It will probably fall to the

Australia 200 Taking Advantage Of Support At 5550 The Australia 200 Index will be looking to see if it can maintain the break above 5550 after reaching a six year high in the middle of last week

Greenback Dominates G10 Currencies A snapshot view of yesterday’s New York - London session with technical notes. US consumer confidence at its highest since Oct 2007, coming in well above

USD May Have Already Seen The 6.4 Year Cycle Low USD : Previously I had been seeking a major cycle low around Aug-Sep but now reconsidering the fact we may have seen this in April. Below you may find

Cable Clings On To Trendline, USD In The Driving Seat We quietly await data from US tonight, whilst technically there is a clear line in the sand for the bulls and the bears. Below you may find the

5 Strategies To Play The FX Markets Right Now In a month some might label dull given tepid volumes , the dollar index is doing something somewhat interesting, says JP Morgan. "It is posting four

EUR/USD To Proceed Short Below Barrier Levels 1.34328 And 1.34030 We seem to have had a moderate forecast for yesterday with 4 out of the 7 pairs behaving as predicted. This was due to US Dollar

Current Account Deficit Not A Threat To Growth, BOE’s Broadbent For the 24 hours to 23:00 GMT, the GBP fell 0.22% against the USD and closed at 1.6944. However, data revealed that the number of

Japanese Industrial Production Fell Sharply In June For the 24 hours to 23:00 GMT, the USD strengthened 0.25% against the JPY and closed at 102.10 following upbeat US consumer confidence data. In the

Swiss Franc Trading Above Its MA’s For the 24 hours to 23:00 GMT, the USD rose 0.31% against the CHF and closed at 0.9069. In the Asian session, at GMT0300, the pair is trading at 0.9068, with the USD

Loonie Loses Ground This Morning For the 24 hours to 23:00 GMT, the USD rose 0.47% against the CAD to close at 1.0851, after consumer confidence in the US surged to its highest level since 2007 in

Aussie Extends Its Losses In The Asian Session For the 24 hours to 23:00 GMT, the AUD weakened 0.24% against the USD to close at 0.9386 following upbeat data from the US. LME Copper prices declined

Daily Forex Update: USD/CAD USD/CAD continues to rise after the recent breakout of the 4-hour key resistance level 1.0834 that was earlier identified by Autochartist –as you can see below. The pair

Is GBP/USD Oversold And Ready For A Rebound? It is difficult to understand how the GBP/USD has sharply transitioned from registering a new 5-year high (1.7189) to recording eight days of successive

GBPJPY – Forming Coiling PA + Series of Inside Bars For the last 8 days, the GBPJPY has been coiling in a very small range of about 60 pips, forming several inside bars in a ‘coiling’ like price