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2009-12-16T08:13:00.000-08:00

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2009-12-14T03:07:00.001-08:00

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GBP/USD Has Dropped 130 Pips

2009-07-02T03:22:00.000-07:00

GBP/USD has fallen further in the European session after falling from 1.6500 level in Asian session.

Cable has dropped 130 pips in the last hour from 1.6460 (MA200 hourly chart) to post 1.6330 as fresh 1-week low.
Read More ....

USD/JPY Rises To Test 96.80

2009-07-02T03:17:00.000-07:00

After trading in a small range between 96.50 and 96.70 during the Asian session, USD/JPY has accelerate its pace to climb 30 pips to test 96.80 in the early European morning.

Read More ....

USD/CHF Recovered From 1.0707

2009-07-02T03:03:00.000-07:00

The USD/CHF's recovery from 1.0707, 1 week low reached yesterday, has continued further in the European session to trade above 1.0800 level and post 1.0826 as fresh intra-day high.

Read More ....

Forex Market Outlook On Majors

2009-07-02T02:56:00.000-07:00

GBP/USD Rate : +1.6415+

Cable's intra-day selloff below 1.6452 in line with dlr's rebound vs other European ccys suggests
recovery fm 1.6381 has ended

Read More ....

Forecast on Japanese Yen Crosses

2009-07-02T02:50:00.000-07:00

EURJPY

EURJPY breached the prior day's high and closed @ 13670 which was well above the open. ECB rate announcement & Non Farm Payroll.

Read More ....

Forecast On US Dollar Minors

2009-07-02T02:41:00.000-07:00

USDCHF breached the prior day's low and closed @ 10755 which was well below the open. ECB rate announcement & Non Farm Payroll.

Read More ....

Forecast On US Dollar Majors

2009-07-02T02:37:00.000-07:00

EURUSD breached the prior day's high but gave up some of the gains and closed @ 14145 which was above the open.ECB rate announcement & Non Farm Payroll.

Read More ....

Forex Technical Outlook

2009-07-02T01:54:00.000-07:00

EURUSD

Yesterday's boost to as high as 1.4200 - above last month's top at 1.4140 is seen as a bullish confirmation of current trend and the overnight pullback to 1.4100 is corrective.

Read More ....

EUR/USD Outlook 07.02.2009

2009-07-02T01:46:00.000-07:00

EUR/USD: 1.4126

As euro has edged higher after initial weakness to 1.4113 n sideways consolidation is envisaged, a
rise back abv 1.4172 is needed to signal pullback fm y'day's high at 1.4202 has ended n bring re-test of said res, then one more rise to 1.4225 later.

Read More ....

ANALYSIS FOR USDCAD

2009-07-02T01:38:00.000-07:00

Losses developed from a slightly lower level than expected but did reach the 1.1435-45 target. I don't really see any reversal signals currently and thus I am probably more in favor of another marginal new low today around the 1.1358-84 area.

Read More ....

USD/JPY Outlook

2009-07-02T01:05:00.000-07:00

EUR/USD: 96.60

Despite initial weakness at Asian opening due to cross-buying in yen, as renewed bids at 96.38 has
contained weakness

Read More ....

Additional Potential For Euro

2009-07-02T00:52:00.000-07:00

EUR

The pre-planned break-out variant for buyers has been implemented with achievement of minimal anticipated target.

Futures Market Technical And Fundamental Recap

2009-07-02T00:46:00.000-07:00

Tomorrow is U.S. Unemployment Report day. Traders are guessing that 365,000 jobs were lost in June. This figure should push the Unemployment Rate to 9.6%. Trading was thin in most commodity markets.

Read More ....

EUR/USD Overview

2009-07-02T00:39:00.000-07:00

EURUSD is in a swing mood. After bulls takes the lead the bears comes back with a revenge, but importantly that revenge is not so powerful that could break the trend of positiveness.

Read More ....

Euro Technical Analysis

2009-07-02T00:34:00.000-07:00

EUR

Comment: Media getting excited as the Euro manages is strongest close in a month.

Read More ....

Currency Technical Analysis

2009-07-02T00:27:00.000-07:00

EUR/USD - Euro Dollar

1,4116. EUR USD is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are tightened.

Read More ....

EUR/USD Outlook

2009-07-02T00:23:00.000-07:00

EUR/USD: (1.4111) Retested 1.4178

Daily Long Term Moving Average↑ (1.3982 today) managed to act as Support in recent downmove, with pair having retested 1.4178 .

Read More ....

FX And Dow Jones Recommended Levels

2009-07-02T00:12:00.000-07:00

Several words about the EUR/USD Future.

Resistance (daily close) : 1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400.

Read More ....

Currency Technical Perspective

2009-07-02T00:07:00.000-07:00

EUR/USD Current price: 1.4144

Downside correction halted around 1.4130 zone, and the pair is regaining the upside with Nikkei opening, that as expected is following U.S. stocks good tone, approaching to 10.000 level.

Read More ....

EUR/GBP Outlook

2009-07-01T23:49:00.000-07:00

Price action on EUR/GBP, a daily chart of which is shown, has been consolidating in a triangle formation as it has retraced back up to a key downtrend resistance line extending from the 0.9500 double-top high in mid-March.

Read More ....

Forecast On US Dollar Majors

2009-07-01T04:33:00.000-07:00

EURUSD

EURUSD fell short of 20 pips from our price target we suggested and closed @ 14035 which was below the open. The Hourly Oscillators are bearish and the price is above the MA, so Cautious approach is needed.

Read More ....

Forex Technical Outlook

2009-07-01T04:24:00.000-07:00

EURUSD

The euro lost some ground on yesterday as it failed to hold gains above the 1.4100 handle, and closed lower - therefore affecting the monthly bar that has been closed by 110 points below the open price of 1.4145 which provided the turning point resistance on yesterday's initial rally.

Read More ....

ANALYSIS FOR AUDUSD

2009-07-01T04:13:00.000-07:00

The 0.8141-66 resistance worked perfectly and I suspect we have seen the top here. However, there is a risk of what could be a deep pullback.

Read More ....

EUR/USD Technical Report

2009-07-01T03:51:00.000-07:00

The absence of a basic trend and the sideways formation we had mentioned, were confirmed yesterday, as the area of 1,4130-50 was reached but not breached and euro moved back to 1,4000 area.

Read More ....

Japanese Yen Declined Against A Basket Of Major Currencies

2009-07-01T03:20:00.000-07:00

The EUR/GBP has been trading close to a downward trend−line during the last Quarter

Today the JPY declined against a basket of major currencies after the Bank of Japan Tankan survey showed that the sentiment among the largest manufacturers rebounded indeed from a record low but rose less than economists expected from minus 58 in March to 48.

Read More ....

FX And Dow Jones Recommended Levels

2009-07-01T02:49:00.000-07:00

Several words about the EUR/USD Future.

Resistance (daily close) : 1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give 1.4490, 1.4692 и 1.4884.

Read More ....

USD/JPY Outlook

2009-07-01T02:41:00.000-07:00

The chart shows the USD/JPY movement since the start of the year.

It is corrective in nature and is developing as a zigzag.

Read More ....

Euro's Bullish Potential Is Under The Threat

2009-07-01T02:35:00.000-07:00

EUR

OsMA trend indicator having marked the current week top by formation of topping bearish signal with further relative sales activity rise gives grounds to suppose further rate fall as well as further preservation of bearish planning priorities.

Read More ....

Chart Of The Day EUR/USD

2009-07-01T02:28:00.000-07:00

EURUSD gone back where they were before and that is neutral position, no trend yet.

Read More ....

Euro Technical Analysis

2009-07-01T02:22:00.000-07:00

EUR

Comment: Pity it did not manage a monthly and quarterly close above 1.4200. Until then we shall have to allow for yet more random consolidation within the recent range.

Read More ....

EUR/USD Overview

2009-07-01T02:15:00.000-07:00

EUR/USD: (1.4034) Above Triangle pattern, but at apex

Daily Long Term Moving Average↑ (1.3956 today) managed to act as Support in recent downmove, with pair above Triangle pattern, but at apex .

Read More ....

Currency Technical Analysis

2009-07-01T02:10:00.000-07:00

European Session

EUR/USD - Euro Dollar

1,4039. EUR USD is in a consolidation after the last bearish movement. EUR USD is in a range between 1,3980 and 1,4150.

Read More ....

Currency Technical Perspective

2009-07-01T01:25:00.000-07:00

EUR/USD Current price: 1.4043

After falling back to the 1.4000 zone, pair is consolidating inside a small triangle, suggesting a probable downside continuation in breaks under 1.4025 first support for today.

Read More ....

Chart Of The Day | USD/CAD

2009-07-01T01:11:00.000-07:00

Price action on USD/CAD, a daily chart of which is shown, has tentatively poked out above a key downtrend resistance line extending from the fourth test of the 1.30 price region back in March.

S And P Futures Slide With Consumer Confidence

2009-07-01T01:02:00.000-07:00

The S&P futures are heading south Tuesday morning after CB consumer confidence came in roughly 10% below analyst expectations.

Read More ....

Crude Sinks Following Disappointing Consumer Confidence Number

2009-07-01T00:31:00.000-07:00

Crude futures have dipped back beneath our 2nd tier downtrend line after CB consumer confidence came in roughly 10% below analyst expectations. The negative showing in consumer confidence overpowers the slightly better than anticipated housing and PMI data.

Read More ....

Gold Pulls Back With Appreciating Dollar

2009-07-01T00:25:00.000-07:00

Gold has backed away from our 1st tier downtrend line, and is dropping below our previous 1st tier uptrend line despite a slightly better than expected HPI number. Even though the decline in home prices improved slightly, the abnormal negative growth rate ensues.

Read More ....

USD/JPY Awaits TMI Data

2009-07-01T00:02:00.000-07:00

The USD/JPY’s volume is declining as the currency pair edges up towards the inflection point of our 3rd tier uptrend line and 2nd tier downtrend line.

Read More ....

GBP/USD Pops And Drops On Mixed Data

2009-06-30T23:52:00.000-07:00

It’s been a volatile session thus far for the Cable and it seems the currency pair is in for a high volume day. The GBP/USD started the session fresh by climbing from our 3rd tier uptrend line, eclipsing previous June highs after much better than expected home price data.

Read More ....

EUR/USD Climbs After Better Than Expected Unemployment Change

2009-06-30T23:50:00.000-07:00

The EUR/USD is knocking on the door of our 3rd tier uptrend line after Germany’s unemployment change came in lower than analyst expectations. Despite today’s pop in the currency pair, the movement comes on declining volume, giving us little reason to believe the EUR/USD can push through our 3rd tier uptrend and downtrend lines today.

Read More ....

USD/JPY Outlook

2009-06-30T02:59:00.000-07:00

EUR/USD: 95.91

Despite y'day's strg rebound fm 95.16, intra-day retreat due partly to cross unwinding in yen indicates temporary top has been made n sideways trading is seen until European opening

ANALYSIS FOR GBP/USD

2009-06-30T02:54:00.000-07:00

Losses didn't manage to follow-through yesterday and this has pushed price higher towards the 1.6631-62 highs. Indeed, a test of the 1.6662-80 area does look likely.

Read More ....

Eero/US Dollar Outlook

2009-06-30T02:44:00.000-07:00

EUR/USD: +1.4130+

Although euro extended its o/n gain in NY n rose to 1.4127, nr term o/bot condition shud prevent further strg gain abv last week's high at 1.4139 n a minor retracement may take place to 1.4075/80 b4 prospect of another upmove later.

Read More ....

USD Declined Against A Basket Of Major Currencies

2009-06-30T02:35:00.000-07:00

On Monday the USD declined against a basket of major currencies on speculation that a U.S. report may show that the consumer confidence increase to a multi-month high today, which may boost the risk appetite and increase demand for higher-yielding currencies. The EUR/USD rose from 1.4053 at its opening to 1.4082 at its closing and gained in the early Tokyo trading hours 0.24 % further.

Read More ....

EUR Is Facing A Choice

2009-06-30T02:23:00.000-07:00

EUR

OsMA trend indicator having marked the formation of topping bearish signal at the attainment of key resistance range levels and gives grounds

Read More ....

EURUSD Outlook

2009-06-30T02:17:00.000-07:00

EURUSD did jump above resistance line at 1.4111, trend is positive now.

Bulls needs to keep candles above resistance, otherwise bears will enter into the market with a danger for bulls.

Euro Technical Analysis

2009-06-30T02:08:00.000-07:00

EUR

Comment: Rallying slowly from retracement support and looking set to move a little higher again today.

Read More ....

Currency Technical Analysis Update

2009-06-30T01:59:00.000-07:00

EUR/USD - Euro Dollar

1,4104. EUR USD is in a range between 1,3990 and 1,4130. The volatility is low. ForexTrend 1H, daily (Mataf Trend Indicator) is in a bullish configuration.

Read More ....

FX And Dow Jones Recommended Levels Update

2009-06-30T01:54:00.000-07:00

Several words about the EUR/USD Future.

Resistance (daily close) : 1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give 1.4490, 1.4692 и 1.4884.

Read More ....

Currency Technical Perspective Update

2009-06-30T01:44:00.000-07:00

EUR/USD Current price: 1.4117

Nikkei opened 1.1% up following U.S. stocks, and Euro break above 1.4100 triggering some stops in the way.

Read More ....

Gold Consolidates As Investors Await Global Data

2009-06-30T01:30:00.000-07:00

Gold is following the consolidation of the Dollar and U.S. equities while ignoring the pop in crude. The precious metal seems range bound for the immediate-term as investors await the heavily-weighted economic data coming later in the week.

Read More ....

S And P Post Solid Gains Out Of The Gate

2009-06-30T01:23:00.000-07:00

The S&P futures are performing nicely Monday morning as they attempt to create separation between price and our near-term downtrend lines. The S&P futures could have a little upward mobility today should they clear our 1st tier resistance.

Read More ....

Crude Rises After More Nigerian Militant Attacks

2009-06-30T01:17:00.000-07:00

Crude futures are ignoring the negative report from the IEA regarding demand after Nigerian militants attacked and forced the closure of Shell production wells.

Read More ....

USD/JPY Continues To Drift Sideways

2009-06-30T01:04:00.000-07:00

The USD/JPY continues to tease investors as it fails to follow through on its threats of a large pullback. We’ve seen rising volume to the upside followed by climbing volume to the downside, hence the relatively tight trading range.

Read More ....

GBP/USD Needs To Dislodge From Its Tight Range

2009-06-30T00:51:00.000-07:00

The GBP/USD is knocking on the door of our 3rd tier downtrend line once again as it reaches an inflection point with our 3rd tier downtrend line. While the Cable is in the position to make a technical breakout today, the behavior of the GBP/USD’s correlations aren’t supportive of such a movement.

Read More ....

EUR/USD Bounces Back Above 1.40

2009-06-30T00:18:00.000-07:00

The EUR/USD’s upswing on Friday fell short of 6/24 highs as we anticipated since volume wasn’t strong enough to create a more significant movement to the upside. The currency pair is propelling from our 2nd tier uptrend line on Monday after the EU reported a better than expected consumer sentiment and economic confidence numbers.

Read More ....

London Gold Market Update

2009-06-30T00:04:00.000-07:00

Crude oil recovered to just below $70 per barrel, despite a cut in global oil-demand forecasts at the International Energy Agency.

Read More ....

China Officials Temper Growth Estimates

2009-06-29T23:46:00.000-07:00

Asian equity markets have picked up from Friday, trading slightly firmer across the board on a mixed set of economic and corporate developments. Nikkei225 is off session highs but still up 0.4%

Read More ....

US Dollar Once Again Strong On Monday

2009-06-29T23:40:00.000-07:00

Another week is starting with the dollar once again strong on Monday, mainly due to the fact that Chinese officials have announced yesterday that China is not thinking alternative currencies for now and they will stick to the dollar despite all the rumors and speculations of market participants that the country is looking for a way out.

Read More ....

Gold Core Precious Metals Update

2009-06-29T23:35:00.000-07:00

Gold

Gold was trading in the mid $930s in Tokyo overnight but buying in Europe this morning took it over the $940 level. With increasing concerns regarding the sustainability of the fabled "green shoots" and whether the recent recovery in equity markets can be sustained, gold will continue to be well supported.

JPMorgan Bulls Appear In Options Land

2009-06-29T06:59:00.000-07:00

JPM – JPMorgan Chase & Co. – Option traders carousing in the August contract on JPM today appear cautiously optimistic on the stock amid a 0.5% rise in the underlying to $34.33.

Read More ....

Post Fed Commodity Rush

2009-06-29T06:43:00.000-07:00

Post Fed Commodity Rush. And the money kept rolling in from every side. Oil bulls hands reached out and they reached wide. Now you may feel it should have been an oil related cause. But that's not the point my friends. When the money keeps rolling in, you don't ask how.

Read More ....

EUR/USD Has Risen 60 Pips

2009-06-29T06:38:00.000-07:00

EUR/USD has risen 60 pips in the last hour from 1.3995 to go above the 1.4050 level.

Read More ....

GBP Recovery Against The Greenback

2009-06-29T06:31:00.000-07:00

The Sterling recovery against the Greenback from 1.6430 as reached 1.6549 as fresh intra-day high and the GBP/USD has posted daily gains in the European session after rising around 85 pips in the last hour.

Read More ....

USD/JPY Has Fallen 20 Pips

2009-06-29T06:26:00.000-07:00

USD/JPY has been trading in a small range between 95.30 and 95.60 during the European session, testing several times the down support.

Read More ....

USD/CHF Falls To Test 1.0850 Support

2009-06-29T06:20:00.000-07:00

After reaching levels above 1.0900 and rejecting by the 1.0912, intra-day high, USD/CHF has falling during the European session to trade close to 1.0850. Currently the pair is trading around 1.0855/65, 0.45% above today's opening price.

Read More ...

AUD/USD Has Risen To Break 0.8030 Resistance

2009-06-29T05:41:00.000-07:00

After rebounding at 0.7984 (coming from its 95 pips decline from 0.8080), the AUD/USD has risen to break 0.8030 resistance and to post levels above 0.8050, recovering almost all its initial losses. Currently the pair is trading around 0.80/50/60, 0.15% below 0.8069, today's opening price.

Read More ....

Oil Prices Still Failing To Stay Above $70

2009-06-29T05:34:00.000-07:00

No matter how much downward pressure there appears to be on the value of the US Dollar, the price of Crude Oil still seems to have difficulty finding support above $70 a barrel.

Read More ....

Forex Technical Analysis

2009-06-29T05:27:00.000-07:00

EUR/USD

The pair has been range-trading for the past few days, and is now traded around the 1.4030 level.

Currently, the Bollinger Bands on the 1 hour chart are tightening

Read More ....

Yen Declining As Consumer Spending Expected To Fall

2009-06-29T05:21:00.000-07:00

Despite the grueling downward trend the JPY experienced last week against its currency counterparts, the Yen now appears to be flattening out.

Read More ....

EUR's Mixed Results Due To High Optimism, Bleak Data

2009-06-29T05:09:00.000-07:00

The EUR has been uncertain in its direction lately, despite clear calls for a buy-up of this higher-yielding currency during times of mild economic optimism.

Read More ....

USD Rises On Reserve Currency Debate

2009-06-29T02:08:00.000-07:00

The US Dollar, after dropping last week due to renewed calls from China and Russia to switch to an alternate reserve currency, began to steadily strengthen in today's early morning hours. From a peak high above 1.4100 against the EUR, the USD has pared some of these losses and is currently trading just above 1.4000.

Read More ....

US Market Update | Week Close With No Definitions

2009-06-29T01:57:00.000-07:00

Nikkei rose in Asia, closing 0.8% up, and Euro seize the opportunity to slowly regain the upside against dollar and yen, despite the general outlook for the hegemonic currency remains shady.

Anyway rising stocks and oil prices supported a bearish dollar as growing demand for derivates mirrors improvement in the global economy, and such wakes appetite for riskier assets.

Read More ....

USD Declined Against EUR As Asian Stocks Gained

2009-06-29T01:50:00.000-07:00

The greenback declined against the Euro, as Asian stocks gained for a third day and traders added to bets that the Federal Reserve will keep interest rates low.

Read More ....

Euro & Pound Locked In Downside Consolidation

2009-06-29T01:39:00.000-07:00

Thursday’s trading can best be described as ‘scrappy’. There was no dominant theme for traders to cling to so they were cautious and reverted to type, following equity markets moves as a signal for risk appetite and as a barometer for the Dollar.

Read More ....

London Session Update

2009-06-29T01:31:00.000-07:00

The rise of risk appetite evident during Asians hours last night was maintained, albeit in a more half-heartened manner during the London session. European stock indices are trading modestly higher and while EUR/USD is still holding above last night's NY close

Read More ....

Crude Oil Reaches $70 A Barrel

2009-06-29T01:15:00.000-07:00

Oil prices rose sharply to above $70 a barrel yesterday on renewed rebel attacks against Oil facilities in Nigeria, and worries that a glitch at the largest U.S. Oil refinery could tighten gasoline stockpiles during this summer's driving season. Crude Oil also got a lift from a rally on Wall Street fueled by optimism that the recession was easing, a prospect that could spell a recovery in ailing world energy demand.

Read More ....

Forex Technical Analysis

2009-06-29T00:56:00.000-07:00

EUR/USD

The bullishness of the EUR/USD pair seems to have be running out of steam, despite recently hitting the 1.4040 level. The hourly chart's RSI signals that the pair is in overbought territory, and that a bearish reversal is imminent. Going short with tight stops may turn out to pay off today.

Yen Experiences Mixed Result Against The Major Currencies

2009-06-29T00:14:00.000-07:00

The Yen completed yesterday's trading with mixed results versus the major currencies, on bets that the U.S. Federal Reserve and the European Central Banks' (ECB) efforts to stabilize the global economy will spur demand for higher-yielding assets.

The JPY closed at 96.08 per USD from 96.20 yesterday.

Read More ....

Euro Soars Against The USD

2009-06-29T00:10:00.000-07:00

The 16 nation currency completed yesterday's trading session higher versus most major currencies.

The EUR closed higher versus the JPY yesterday, and the pair closed at around the 134.70 level. The EUR also saw bullishness against the GBP as it jumped around 60 pips and closed at 0.8547.

Read More ....

USD Slides On Poor Unemployment Claims Figures

2009-06-28T23:58:00.000-07:00

The U.S Dollar fell against most of its major currencies pairs yesterday. It was dragged lower by an unexpected rise in weekly U.S. jobless claims that dimmed the economic picture in the U.S. The USD was also pushed lower by Federal Reserve Chairman Ben Bernanke's testimony, as he was put on the defensive due to recent controversial U.S. bank acquisitions.

Read More ....

USD Has Weakened On The Announcement

2009-06-28T23:21:00.000-07:00

The Fed yesterday announced extension and modification to a number of its liquidity programmes, see Fed press release. In light of the improvement in financial conditions, the Fed will trim the size and terms of some facilities.

Read More ....

GBP Fell Sharply Against USD During European Trading

2009-06-26T06:56:00.000-07:00

The British pound fell sharply against the US dollar during European trading, but made some headway in the US trading session thanks to a broad revival in risk appetite.

Read More ....

EUR Rallied For A Test Of 1.4010 Against USD

2009-06-26T06:52:00.000-07:00

The euro rallied for a test of 1.4010 against the US dollar today, and while the currency ended the day up against most of the majors, there are longer-term downside risks to consider.

Read More ....

USD And JPY Fell This Afternoon

2009-06-26T06:47:00.000-07:00

The US dollar and Japanese yen fell this afternoon as risk appetite picked up on reports that the Federal Reserve has decided to scale back some of their liquidity programs, suggesting that conditions have improved.

Read More ....

EUR/USD Technical Report

2009-06-26T06:43:00.000-07:00

Euro moved sideways for the most of the day yesterday between 1,3900 and 1,4000. Later an upward reaction was formed and resistance at 1,3970-80 was breached and turned into a support.

Read More ....

Gold Technical Outlook

2009-06-26T06:38:00.000-07:00

Gold's rebound extends further today and break of 944.6 resistance suggests that fall from 992.1 has completed at 913.2, after meeting 61.8% retracement of 865.5 to 992.1 at 913.9, on bullish convergence conditions in 4 hours MACD.

Read More ....

Forex Thoughts For The Day

2009-06-26T06:20:00.000-07:00

Dollar-Swiss has come off since the morning. The overall trend seems to be "ranged between 1.10-06". Within that, there is a crucial Support at 1.0835.

Read More ....

CHF Weakened Against The EUR And The USD

2009-06-26T06:09:00.000-07:00

The CHF weakened for a second day against the EUR and the USD on speculation the SNB continues to sell its currency to stem the last exchange rate gains to support the exports of the country.

Read More ....

EUR/USD Outlook

2009-06-26T05:58:00.000-07:00

EURUSD resistance and support remains at the same positions, and none of them are broken yet.

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Euro Can Do Everything

2009-06-26T05:22:00.000-07:00

EUR

The estimated test of key resistance range levels for the implementation of pre-planned short positions has not been confirmed exactly and further developments with bullish activity level enforcement gives grounds to suppose rate rise but without clarifying the choice of planning priorities for today.

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EUR: Attempt Longs At 1.4030; Stop Below 1.3800

2009-06-26T05:12:00.000-07:00

Tricky as prices remain within the 1.3800 to 1.4100 range that has held most of the time since May. We continue to feel we are preparing to break out of recent ranges, the best examples currently AUD and NZD.

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Currency Majors Technical Perspective

2009-06-26T05:04:00.000-07:00

EUR/USD Current Price: 1.4038

Corrective Bullishness is Seen Price finds Resistance-becoming-Support at the 1.4039 Level, as the 20SMA/200SMA Hourly Bullish Cross provides Support.

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Currency Technical Analysis | European Session

2009-06-26T04:55:00.000-07:00

EUR/USD - Euro Dollar

1,4052. EUR USD is in a consolidation after the last bullish movement. EUR USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility rises.

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FX And Dow Jones Recommended Levels Update

2009-06-26T04:46:00.000-07:00

Several words about the EUR/USD Future.

Resistance (daily close) : 1.3182, 1.3364, 1.3590 and 1.3778. After that 1.3958, 1.4186 and 1.4400. Break of the latter will give 1.4490, 1.4692 и 1.4884.

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Price Action On USD/CHF

2009-06-26T04:39:00.000-07:00

A4-hour chart of which is shown, has once again reached the top of a slightly-angled parallel uptrend channel (in green) with two primary touches on the bottom and three primary touches on the top.

S&P Futures Battle 900 As Investors Remain Indecisive

2009-06-26T04:32:00.000-07:00

The battle between the bulls and the bears continues in the S&P, and 900 is proving to be as psychological as we imagined. Investors are uncertain whether to bank on the continuation of the present economic recovery or do further technical damage to the S&P futures.

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Crude Oil Inventories Came In Shallow Yesterday

2009-06-26T04:20:00.000-07:00

Crude Looks to Retest $70/bbl as Inventories Decline

Crude oil inventories came in shallow yesterday for the 6th time in 7 weeks, giving a boost to the futures despite the mixed performances of equities and the greenback. Crude continues to log larger volume on the 1-hour up-bars, and the upside is gaining momentum as the futures look to retest $70/bbl.

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