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Forex Analysis 4th May 2012 – AussieDollar

Despite a lack of meaningful fundamental news and a holiday in the UK, forex markets have provided some positive trades today in particular in the Australian and Canadian dollars which have both strengthened against the US dollar.   The moves in these “commodity dollars” has...

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Dollar yen now looking bearish

Following the Japanese earthquake in mid March where the dollar yen promptly sold off sharply, before G7 intervention managed to send the pair back to the 86 level, since then the dollar yen has been on a downwards slide back towards the 80 level where we have seen an...

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Bullish momentum for Cable continues

Last week’s bullish momentum for the UK pound has spilled over into the London trading session this morning, and despite the US markets being closed in observance of Martin Luther King Jr Day, the pair have broken through the psychological 1.5900 level to trade at...

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Outlook for the EUR/USD this week

The tricky trading conditions of last year, seem to have continued into 2011, with last week’s volatile price action with the euro summing up the current trading picture, with currencies swinging from bearish to bullish within a few days. Nothing new there you might say,...

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BOE and ECB rate decisions today

With yesterday’s Portuguese bond auction now safely negotiated, and the collective markets having breathed a sigh of relief with the euro gaining solidly as a result, attention today will be focused on the UK and Europe, as they issue their monthly rate decisions, along with...

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Forex markets regain some composure

At the best of times, movements in the forex markets are notoriously difficult to explain, much less predict, and last year was a particularly difficult, as forex traders tried to interpret conflicting and incoherent macro economic decisions from around the world. Leading the way of...

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