The Japanese and Korean equity markets have picked up again on the negative sentiment from yesterday and are both over 1% lower in early trade.
Nikkei and Kospi both over 1% lower in early trade
Source: www.forexlive.com
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EUR/USD: bids at 1.3750 stemming the tide
It might only provide some temporary respite but some decent sized buying interest in the EUR/USD at 1.3750 looks to have halted the bearish momentum, for a few moments at least. Offers are expected to be heavy on any short-covering rallies back towards...
EUR/USD technicals: trend still bullish
The move from 1.4340 to 1.3800 can be considered a completed retracement and the market is gearing for the next push higher. The subsequent bounce from 1.3800 to 1.4180 has also completed a retracement, 61.8% in this case to 1.3950, and this level is now expected to be the base for the next push...
Ahmadinejad wins election, State media reports
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I’m reducing my long USD/CHF position
I have been in the money on this trade for a total of about 11 minutes and that is starting to grate. EUR/CHF is grinding lower and everyone I know is either long or square EUR/CHF, which is a bit of a worry. With cable and AUD/USD showing no signs of backing off, I’m reducing this position...
New York Session Recap - Forex Trading, Currency Forecast, FX ...
New York Session Recap The downside pressure on the US dollar remained palpable in the NY session as fiscal deficit worries remain front and center. Talk out of Russia for a new global reserve currency and Chinese students laughing at ... Forex Fundamental Analysis Reports... -...