The EURGBP may have topped in a small 4th wave. The Yen crosses may be consolidating before continuing lower.
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Last Friday (February 5) was yet another interesting day to compare the stock market action with the explanations from conventional analysts. (This show never gets old, I swear.) Around midday, the Dow was down almost 170 points; everything pointed
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It's the comeback story seen the world over, and no, I'm not talking about the New Orleans Saints winning the Super Bowl. I'm talking about the long-time currency underdog -- the U.S. dollar -- overcoming the mainstream odds to pull off a surprising
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A quiet Monday in terms of macro data will kick off this week, so focus will be on the reporting companies, and of course the continued problems surrounding the PIIGS countries. Spreads have widened again and stocks fell overnight over failure to ge
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The USD is trading mixed rebounding from early overseas decline, USD initially weakened in reaction to EU pledge to solve the Greek fiscal crisis and narrowing of Greece's credit default swap spreads, USD rebounded as the details of the EU plan to a
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Prevailing risk aversion has helped pushed the pair lower including a bearish close on the day of suspected intervention. Another down day would make in eight in a row which could open the door for a potential retrace as often occurs following a run
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The Australian labor market is expected to improve for the fifth consecutive month in January, with economists forecasting employment to increase 15.0K from the previous month, and the data could drive the exchange rate higher as the isle-nation ski
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The EUR/USD has quieted following a bout of volatility, as budget deficit issues in Greece, Portugal and Spain raised broader concerns and sparked a flight to safety. Risky assets traded lower following the Euro’s lead which was already under pressu
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