Retail spending in New Zealand is expected to improve for the fifth consecutive month in December, with economists forecasting sales to increase 0.6% from the previous month, and the data is likely to encourage an enhanced outlook for the region as the economy recovers from its worst recession in three decades. Read More NZD USD [...]
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Forex futures and options markets show that traders have aggressively bet on and hedged against further US Dollar strength. We have claimed that this is indeed the US Dollar turnaround we had long been waiting for, and we accordingly remain bullish the US currency through the remainder of the year. Read More US Dollar at [...]
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The British Pound retraced the overnight advance and slipped back below the 1.5700 level as the Bank of England lowered its outlook for growth and inflation, and the exchange rate may maintain the downward trending channel from the November high (1.6879) as the central bank expects price growth to fall back below the 2% target. [...]
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Student’s Question: Using the three usd/jpy charts, daily, 4 hour and 1 hour, I would enter at 89.9 with a stop at 90.15 and a close at 89.00. Is this using the support and resistance system properly? Read More USDJPY Multiple Time Frame Analysis
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Read More Currency Crosses Technical Outlook 0210
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Over Easter there was a large fire at Coorparoo in Queensland, where a number of small businesses were burnt out. This is a devastating event for any business, but what made it more so was that a number of the small businesses were not insured. What was the effect? Let me tell you about one [...]
Posted in FX News | Tagged business, insuring, small, success, your |
FXstreet.com (Barcelona) – After a slight pullback from Yesterday’s high at 1.3840, which was… For more information, read our latest forex news. Read More Forex EUR USD attempts to resume uptrend, testing 13800
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FXstreet.com (Barcelona) – The Bank of England stated that inflation remains low in UK and gave… For more information, read our latest forex news. Read More BoE inflation low, recovery deemed slow
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FXstreet.com (Barcelona) – The Pound has turned down from week high at 1.5765, giving away more… For more information, read our latest forex news. Read More Forex Pound retreats from 15765 high on BoEs Inflation report
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FXstreet.com (Barcelona) – The Euro rose across the board on Tuesday and extended its recovery from… For more information, read our latest forex news. Read More Forex Euro, choppy, attached to contradictory news about Greeces aid plan
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British Pound Tumbles Lower on BoE Comments, Euro Maintains Channel Formation
The British Pound retraced the overnight advance and slipped back below the 1.5700 level as the Bank of England lowered its outlook for growth and inflation, and the exchange rate may maintain the downward trending channel from the November high (1.6879) as the central bank expects price growth to fall back below the 2% target. [...]
Posted in FX News | Tagged boe, british, channel, comments, euro, formation, lower, maintains, on, pound, tumbles | Leave a response