Archive for March 6th, 2010

Forex Weekly Trading Forecast - 03.08.10

Saturday, March 6th, 2010

US Dollar Weathers a Rebound in Risk Appetite, But for How Long?
Euro at Impasse versus US Dollar: Further Losses or Sharp Bounce?
Japanese Yen at Risk On Risk Appetite and Expected Monetary Easing
British Pound May Consolidate After Falling to 10-Month Low
Swiss Franc Remains Tied to Trends Driving Other Currencies
Canadian Dollar Eyes Parity with the Dollar as Labor Data Approaches
Australian Dollar Poised to Test Major Highs on S&P 500 Rallies
New Zealand Dollar To Underperform Ahead of RBNZ Rate Decision

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FX Technical Weekly 03-05

Saturday, March 6th, 2010

 Watch for a EURUSD break above 13740 next week as the larger 4th wave correction continues on towards 13850.  10200 is the key level in the USDCAD.  Failure to remain above there could result in an acceleration of the decline towards parity.

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Dollar Fails to Find its Footing on NFPs, Risk Appetite in Charge of Price Action Next Week

Saturday, March 6th, 2010

-Euro Traders Unperturbed by a Lack of a Greece Rescue Plan from the EU
-British Pound Slowly Retraces Losses as Inflation Pressures Temporarily Offset Deficit Concerns
-Japanese Yen Plunges as Investor Sentiment Firms and Rumors of Further BoJ Easing Circulate

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