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Short-Term Forex Technical Outlook: NZD/JPY

Fears of a deepening recession in Japan have certainly weighed on the appeal of the Yen, and the low-yielding currency is likely to face headwinds over…

Euro / US Dollar Breaks 1.25 as Weak Australian GDP Weighs on Risky Assets (Euro Open)

The Euro fell below 1.25 to the US Dollar in overnight trading after Australia’s economy performed worse than economists expected in the fourth quarter,…

Overnight Interest Rate Update 03.04.09

Current Yesterday USD 0.31750 0.31000 GBP 1.09125 1.01875 EUR 1.19375 1.19125 JPY 0.17663 0.17763 CHF 0.17167 0.17833 AUD 3.40000 3.46250 CAD 0.65000 0.88833 NZD 3.20000 3.05000

A Drop In The ADP Employment Report Would Contradict Bearish Dollar Outlook

The February ADP employment report is expected to show that the economy lost another 630,000 non-farm private jobs. The report has improved as an indicator…

Fxbootcamp London Outlook 03/04/2009

Asian Economic Data: 03-04-09

UK Consumer Confidence Rebounded in February, Says Nationwide

UK Consumer Confidence unexpectedly improved in February according to Nationwide, a retail financial services firm. The metric rebounded from a record…

Australian Economy Shrinks For First Time Since 2000

Australia’s economy contracted for the first time since 2000. It shrunk by -0.5% which was far more than the expected growth of 0.2%. This brings the economic…

European Economic Calendar: 03-04-2009

AUDUSD False Bearish Break is a Bullish Opportunity

The AUDUSD rally today occurred just below a support line drawn off of the October, November, and February lows. Prior to reversing higher, the pair traded…