Daily Elliott Wave Forex Forecast-4-August-2010

Source: feedproxy.google.com

Currently, the trend is bullish so we could still get some choppy rally. As long as price stays above 1.3145 support level, the trend is bullish...


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  • USD drifting lower heading into Tokyo open

    The USD is uniformly lower early in the session and it is difficult to see where the buy-dollar signals are going to come from. Order books are fairly clear in the EUR/USD until 1.4200-10 where some Sovereign offers are touted. There is also said to be good selling interest in the AUD/USD at .8250...

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  • EUR/USD touch easier in early European trade

    EUR/USD is a little easier in early European trade, presently at 1.3965. The improved USD sentiment we saw Friday seems to be lingering. The unexpected improvement in U.S. non-farm payrolls Friday is leading some to believe it won’t be too long before we see official US rates headed higher....

  • WORLD FOREX: Euro Lower On Economy Worries - Wall Street Journal ...

    WORLD FOREX: Euro Lower On Economy Worries Wall Street Journal By Dan Molinski Of DOW JONES NEWSWIRES NEW YORK (Dow Jones)–The euro is lower against the dollar and other currencies Friday morning in New York after weak data out of the ... Forex Trading Revealed - Forex... -...

  • Bank of Japan Monetary Policy Unchanged, Rate at 0-0.10%

    The Bank of Japan held its uncollateralized overnight call rate unchanged at a range of 0 to 0.1% by a unanimous vote.  The...