As seen on the weekly chart displayed below we are in for a record week of gains of the USD against Euro and GBP; breaking support levels on both pairs makes you wonder how long can this move last and where it is headed. We will probably see a retes forex news :: view details »

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USDCHF has not broken outside the bullish channel marked on our charts and is trading between 1.0450 and 1.05 after establishing these levels as short term support and resistance. Overall the pair still looks bullish although the momentum has dimini forex news :: view details »

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The end of the joy ride in EURUSD? forex news :: view details »

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Swissy failed at the first attempt to break above the 1.10 resistance level and retraced to retest the 1.09 support area; we have marked on the chart the two trendlines that signaled the latest move higher and also mark the closest support. For the forex news :: view details »

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A start of a new week with bulls are still the dominant; yet signs of recovery might been seen today, the 15 nation currency gained back against the dollar to trade in Asian session at 1.4740 levels, according to technical indicators the door is ope forex news :: view details »

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The U.S. Treasury department confirmed that the net purchase of Treasury notes by overseas investors (central banks and sovereign wealth funds included) jumped from $5.7b in May to $28.2b in June, an increase way above the norm. The increase in the forex news :: view details »

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The Strong Dollar Illusion forex news :: view details »

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On Friday, July 11, the pandemonium surrounding Fannie Mae and Freddie Mac’s fall from financial grace prompted some panic-stricken citizens to ask the most dreaded of all questions: If the U.S. government is forced to bailout the flailing forex news :: view details »

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EURUSD has formed a continuation triangle on the 4 hour charts and after a fake breakout of the upper line it started to move lower pushing below 1.4800 where we see it consolitating in the Asian session. Projected target of this patter is the 1.460 forex news :: view details »

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USD JPY Overtakes 109.94; Stock Market to Control Intraday Direction forex news :: view details »

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UK recession fears will persist, but selling pressure should be contained unless there are Bank of England hints over lower interest rates ahead of the Thursday meeting. The UK PMI index for the manufacturing sector released on Friday will maintain forex news :: view details »

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EURUSD has moved lower pretty convincingly after a retest of the 1.55 resistance area and it is still trading inside the bearish channel we've been fallowing for the last few days. At 1.54 we will have to reases our bias as that is a good place to b forex news :: view details »

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