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Forex: USD/CAD tumbles to 1.0292, 3-day low
Source: community.nasdaq.com
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Lots of buyers in the AUD/USD
As we mentioned earlier this morning, all the weak stops were triggered in the AUD/USD below .7875 last night in early Europe and now there are lots of buyers emerging from the woodwork. The AUD/USD has jumped from .7880 to .7930 already this morning and one dealer I spoke with sees it going to...
FOREX VIDEO REVIEW: London Session June 22, 2009
We began today’s London session already enjoying a decent GBP/USD short trade from pre-London. However, we find ourselves at a Weekly central pivot point, and 4 hour 21 ema exactly at London open. Even if there would be further downside in the British Pound’s future, opening a major...
EUR/USD Down for a Second Day as Productivity Grew
EUR/USD continued to fall today as the ECB kept interest rate unchanged and the U.S. productivity in the first quarter of 2009 rose faster than expected. The currency pair is now trading near 1.4121. Initial jobless claims were at 621k last week, down from 625k...
USDJPY’s fall from 83.84 reaches 82.78 only
USDJPY’s fall from 83.84 can reach 82.78 only, the subsequent bounce has brought price to a trading range between 82.78 and 83.84. Now...
Volatility: So Old It’s New Again
By The Sizemore Letter Writing for the New York Times, Louise Story and Graham Bowley note that large market swings are becoming a lot more...