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Forex Market News

The latest news from the world of forex trading

USDCAD bear bias for 1.1223 and test the key neckline, currently at 1.1180

A dip back lower into the range as expected on Tuesday as we repeat our stated view to our clients that "we still see a negative range theme into late November whilst capped by 1.1328". Erosion last week below the 1.1266...

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GBPUSD bear bias for 1.5627 today; down to 1.5340 through month-end

A modest bounce effort Monday, but still very much defined by a sideways consolidation theme since mid-November, with recovery failures from modest 1.5725 and 1.5737/38 b...

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EUR/USD: Two Currencies Headed in Two Opposite Directions

EUR/USD: Two Currencies Headed in Two Opposite Directions   Figure: Hourly chart for EUR/USD The Euro came awfully close to its 2-year lows against the USD post the stro...

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    Will Ben Bernanke Launch a QE3?

    The question of what Ben Bernanke will do once the bond purchase program expires in June is regarded as the most important determinant of long-term market direction by those who believe that the... Read More

  • yuan china bill

    China PMI Rises, Payrolls Expand, Markets Rally

    NFP rose by 216,000 workers in March after a revised 194,000 gain in February, according to numbers released today, mostly in line with expectations. The jobless rate dropped to 8.8 percent from 8.9... Read More