Student’s Comment::

EUR_USD : trending down but has retraced back up to resistance on 2/17/10. So place I a short trade at closing price 1.3605. Set Stop at 1.3655 (50 pips), Limit at 1.3505 (100 pips).

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SP 500 Futures: Our target of 1103 was reached Thursday and extended towards 1110 yesterday, but has backed off the mornings high and breaking lower in the afternoon following weak US data. We note that the volume have been declining over the last few …
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The February consumer confidence data and the FDIC’s quarterly troubled bank data are amplifying the risk aversion seen during the European session. The double whammy from these two reports forced equity indices and commodities lower post the 10AM ……
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 Following Monday’s relatively restrained level of activity, crude would find conditions far more interesting today. For the market itself, the commodity would report its biggest daily decline since the February 5th tumble.

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BoE Governor Mervyn King hinted at the possibility of more quantitative easing today in testimony to Parliament today which sunk the outlook for U.K. interest rates. The MPC is expected to remain on hold despite inflation well above their 2% target at 2.9% as they see a protracted recovery.

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Unemployment in Germany is forecasted to increase 16K in February as businesses keep a lid on production, and the data is likely to weigh on the exchange rate as policy makers continue to see a risk for a protracted recovery.

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I’ve always liked to have access to as many FX quotes as possible on one page, so this page on DailyFX is one of my favorites.

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Mixed trading in Asia and the US failed to dampen initial risk attuned trade in Europe. Earnings provided some support with quarterly results from two premier European brewers, Heineken [HEIA.NV] and Carlsberg [CARLB.DE] shaking off concerns ov…
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The Hungarian forint started the week in a positive mood as the pair ranged between 270.00 and 271.00 during the day. The forint didn#8217;t even weaken after the central bank announced another 25bps cut to 5.75%. The generally appreciating trend of ……
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EURUSD In case the pair manages to climb above 1,3670 further gains are expected at first to the level of 1,3710 what may be followed by a jump even to the area 1,3780. Otherwise retreat below 1,3620 may initiate drops leading to 1,3570 and further ……
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