The Euro (Eur/Usd) strengthened 100 pips yesterday; it seems the market found a temporary bottom for all the recent dollar strength. Yesterday, early in the session the euro looked like it wanted to break under the first support level, but by the en forex news :: view details »

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Although the pair broke the support trendline that marked a succession of higher lows on the 4 hour chart we can still expect the 1.0900 area to provide enough support for a new move higher towards the 1.10 level. This is the consolidation range som forex news :: view details »

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While much of the markets were geared towards a dovish BoE minutes from the August rate decision seeking a signal for near-term rate cuts by the bank, the actual minutes were more mixed, giving no clear support to sterling-bears. With a 7-1-1 decisi forex news :: view details »

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After touching 1.4800 in early Asian trade EURUSD gave up nearly all of it's gains tumbling back to 1.4700 as the dollar rallied across the board helped in part by surging stock index futures and lower gold prices. On a night when economic releases forex news :: view details »

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The core number, excluding sales by new car dealers and by used and recreational motor vehicle and parts dealers, rose by 1.4% in June, the third increase of 1.0% or more since the beginning of the year. The increase in headline sales was largely du forex news :: view details »

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USD remained in favour in the London/NY overlap, with US July PPI even higher than expected. But US equity losses extended, ultimately pulling USD lower, about -0.7% from the NY morning highs. Financials came under renewed pressure, due to ex-IMF ch forex news :: view details »

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This is an update to yesterday's AUDUSD triangle trade idea. Risk can be minimized to .8865. The target is below .8591 (new low). forex news :: view details »

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Kathy Lien and Boris Schlossberg join GFTGFT is already recognized as one of the leaders in online currency trading. That reputation can only improve with the addition of Kathy Lien and Boris Schlossberg. These two new additions represent additional forex news :: view details »

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The GBPUSD and AUDUSD are vulnerable to fresh lows in bearish thrusts from triangles. More permanent bottoms should then form. forex news :: view details »

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