With the rally from 1.35 to 1.4990 in 3 waves, a flat could be unfolding (flats have subwaves 3-3-5). In flats, most of wave A is retraced. Sometimes,…
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The US dollar and Japanese yen continued to dominate on risk aversion as the EU rejected a plan to assist Eastern European banks and as AIG announced Q4…
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- Euro Consolidates Above 1.2550 as EU Says ‘No’ to Bailout for Eastern Europe – British Pound Breaks Below Support – 1.35 Next? – Canadian Dollar Down…
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AUD: Australian Dollar speculators are net short and commercials net long.
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Speculative US Dollar long positions continue to increase as do commercial short positions. Until the 13 week index is at 100, this is bullish evidence….
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Euro 1.2515 break is imminent. Dollar/Yen showing signs of short-term top. Cable finally takes out 1.4055-95 support. Dollar/Swiss clears previous weekly…
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Stalwart dollar and yen-based ranges are under pressure, imparting a heightened sense of risk for all congestion-based positions in the currency market….
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The Australian dollar is trading at a critical point, as AUD/USD is aggressively testing a trendline that has served as support since October 2008. With…
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