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- Your Source for Daily FOREX Market News and Analysis
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forex forum 29 Jul 2010 - Your Source for Daily FOREX Market News and Analysis
The Euro pared the decline from the previous day and rallied to a fresh monthly high of 1.3091 during the overnight trade, and the single-currency may continue to retrace the decline from earlier this year as the economic docket reinforced an improved outlook for the region.
forex forum 29 Jul 2010 - Your Source for Daily FOREX Market News and Analysis
GBP/USD : Gains have been quite impressive over the past few sessions with the market taking out key resistance by the 200-Day SMA and closing above the longer-term SMA. This is the first time the market is above the 200-Day since January and could potentially warn of a major shift in the structure.
forex forum 29 Jul 2010 - Your Source for Daily FOREX Market News and Analysis
As bank lending in the U.K. is expected to weaken in June, the data is likely to reinforce a weakened outlook for future growth, which could spur a reversal in the British Pound as investors weigh the prospects for a sustainable recovery.
forex forum 29 Jul 2010 - Your Source for Daily FOREX Market News and Analysis
An AUDUSD top may be in place although a test of 9140 cannot yet be ruled out. A break below the short term support line ( being tested now) would be bearish. 8975 is short term resistance and 8870/90 is short term support.
forex forum 29 Jul 2010 - Your Source for Daily FOREX Market News and Analysis
EUR/USD : The push to some fresh multi-day highs on Tuesday by 1.3045 was not impressive, with the market reversing and closing back by opening levels to set up a doji formation, that has now been followed up by yet another doji formation on Wednesday.
forex forum 29 Jul 2010 - Your Source for Daily FOREX Market News and Analysis
USD/CHF : The market could be in the process of carving out a material base after closing back above the 10-Day SMA on Tuesday. Any setbacks have been very well supported in the 1.0400 area and this should be encouraging for bulls.
forex forum 29 Jul 2010 - Your Source for Daily FOREX Market News and Analysis
We have yet to see any market reversals just yet, and the USD is back under pressure against most of the major currencies, with the latest surge led by demand for Eur/Usd which has now broken to yet another fresh multi-day high.
forex forum 29 Jul 2010 - Your Source for Daily FOREX Market News and Analysis
Dollar Continues Lackluster Performance Amid Disappointing U.S. Data The safe-haven dollar struggled for direction on Wednesday after climbing yesterday for the first time in four trading sessions.
forex forum 29 Jul 2010 - Your Source for Daily FOREX Market News and Analysis
Portugals government auctioned 600 million euros in 2014 bonds and 681 million euros in 2023 bonds today.
forex forum 29 Jul 2010
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