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AUD/USD – Bounced from its Support As Predicted
Bullish Scenario The AUD/USD pair has bounced back up from its support zone on a daily time frame. This support zone was given in our analysis on the 15th of May....
Asian Markets Suffered Heavy Losses Today
Asian Markets suffered the worst losses for this year and closed sharply lower. The Nikkei 225 plunged 7.3% recording their worst losses in over 2 years and closed at 14,484....
USD/JPY – Fell from its Resistance As predicted
The USD/JPY pair fell from its resistance on a 30 minute time frame which we predicted in our daily analysis on 20th May. The price is trading well below the...
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Euro Continues to Carve Lower Top- ECB Increasingly Cautious
The rebound in the EURUSD is likely to be short-lived as the European Central Bank (ECB) maintains a cautious outlook for the region.
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EUR/USD Technical Analysis 05.23.2013
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USD/JPY Technical Analysis 05.23.2013
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The JPY soars in forex trading today. What now? Going LIVE on www.livestream.com/fxdd
CLICK ON www.livestream.com/FXDD See you thereUSDJPY takes it on the chin, but rebounding
The USDJPY took it on the chin overnight as stock market declines (Japan’s Nikkei plunged 7.32% alone – of course...Get LeapRate’s Best-of-the-Web FX Research directly by email every day – subscribe here.
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Dollar weaker post Bernanke
The dollar weaker on the back of the headlines ahead of US Fed Chairman Bernanke's testimony today. The one that weakened the dollar was the reference to a premature tightening of rates. He said " A premature tightening of monetary policy could lead interest rates to rise temporarily but would...
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Split fortunes for FX ahead of Bernanke
The surprise fall in UK retail sales data and latest MPC minutes were the impetus for the sterling move. The euro appears once again to be benefiting from weakness in the yen. For some, the divergence between central bank balance sheets in Japan (expanding) and the eurozone (contracting)...
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Cable softer on MPC minutes
GBPUSD around 40 pips lower to 1.5090 after minutes to May BoE meeting show 3 members still voting for more QE. EURGBP to 0.8574. Retail sales fell 1.4% in April according to data released at the same time.
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China Finance: Accounting deal may not be solution investors want
Accounting has long been an issue in China and destroyed shareholder value. A new deal for the PCAOB to have access to audit working papers seems like a welcome break, but without any progress on enforcement the system is still without teeth.
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Equity sell-off supporting precious metals, ETP exodus continues
Gold and silver are currently finding some support from the continued weakness in European and US stock indices following the slump in Tokyo overnight. ETP reductions, however, continue to limit the upside potential.
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Must Reads: Thursday, May 23
Today's most important news and views from around the world, selected by our editors at TradingFloor.com.
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Daily Forex News - Swissquote Bank SA
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Bernanke Pulls the Puchbowl!
Sorry to say this but the Fed President Bernanke hinted little on when the most expected tapering of bond purchases might begin. The markets were reminded that the gradual decrease in QE will begin when the labor market will show “substantial” improvement, while the FOMC minutes showed that the majority...
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Fed: To Taper or Not to Taper?
The markets mostly remain on wait-and-see mood to hear what the Fed President Bernanke will say to end the suspense on “to taper or not to taper” specs. The USD is broadly sold ahead of Bernanke’s testimony while the British pound registered a heavy unwind amid the retail sales missed...
