Archive for September 9th, 2009

RBNZ Rate Decision Provokes Volatility but Falters with Direction

Wednesday, September 9th, 2009

The New Zealand dollar has been considered the high-yield currency among the majors for years. And, even though its benchmark lending rate is at a discount…
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Forex Wrapup 09.09.09

Wednesday, September 9th, 2009

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Daily Pivot Points

Wednesday, September 9th, 2009

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US Market Update: Dow +65 S&P +8 NASDAQ +23

Wednesday, September 9th, 2009

US equity indices are making modest gains this morning in the absence of any significant economic data, while the dollar continues to test new lows on the year. The weak dollar continues to aid oil: front-month crude traded off a bit in the European sessi…
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EURCAD Long Entry Setting Up

Wednesday, September 9th, 2009

Keep your eyes on the EURCAD. The pair is setting up for a break higher from a multi-month wedge (click to view the wedge). The short term rally from 1.5400…
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US Dollar, Japanese Yen Mixed as Majors Consolidate Moves

Wednesday, September 9th, 2009

- British Pound Gains as UK Trade Deficit Narrows, Ahead of BOE Rate Decision - New Zealand Dollar on Edge Ahead of RBNZ Rate Decision - Australian Dollar…
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CHFJPY’s Range May Avoid a Risk or Dollar Breakout

Wednesday, September 9th, 2009

Expectations for a return of liquidity to usher the currency market to a new trend in sentiment and yield appetite have so far fallen flat. However, an…
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Euro Crosses Mostly Constructive

Wednesday, September 9th, 2009

The EURGBP is approaching its 200 day SMA. A push above there should lead to a pullback. The EURCAD is nearing the top of a multi-month wedge. A breakout…
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GBP/USD: Trading the Bank of England Interest Rate Decision

Wednesday, September 9th, 2009

The Bank of England is widely expected to hold the benchmark interest rate at 0.50% and is likely to maintain its GBP 175B asset purchase program as the…
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Daily FX Technical Report

Wednesday, September 9th, 2009

USDJPY Strategy: Buying break of 93.57, Obj: 97.79+, Stop: 91.94 Back down to threaten the 91.74 July swing low after rejection from 93.30 but the low holds for now. The close in the top half of last week#8217;s range formed a potentially bullish ……
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