Recent Commentaries tagged (forex)
Upbeat Expectations 2/3/12
A positive jobs number and things heating up in Iran and Crude is back on the move advancing 1.5% today. We may see a bounce but until we see a trade back over $99 I still am thinking prices have more downward pressure. My target in March is a trade closer to $93-94 in the coming weeks. What is ...
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Forex - USD/JPY up on jobs data,...
Forexpros - The dollar rose against the yen Firday, bolstered by strong jobs data out of the U.S. coupled with sentiment that the Japanese government may take steps to halt its currency's strengthening trend.USD/JPY hit 76.58 in U.S. trading on Friday, up 0.48% and up from a session low of 76.14 ...
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Tags: forex
AUDUSD: shots Through The 1.0749 Level, Sets...
AUDUSD: A strong rally saw AUDUSD pushing through its key resistance at the 1.0749 level, its Oct 27'2011 high to close the week higher on Friday. This development has left the possibility of a return to the 1.0800 level on the cards. Further out, the next upside target resides at the 1.0900 leve...
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Tags: currency-outlook | forex
Weekly Review OpenBook Roundup
Today we want to draw our readers' focus to guru sadiqashanaz97 who is on track to record a 12-month P&L of some 360%. This trader, who has 1467 followers and 150 copiers, has a diverse portfolio and employs a generally low to mid-risk trading strategy. The trader focuses primarily on the EUR/USD...
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Tags: forex | online-forex | stock-market | etoro | fx | foreign-exchange | financial-news | china-s-explosive
Trading the U.S. Non-Farm Payrolls Release
The United States will release Non-Farm Payrolls (NFP) data on Friday, February 3rd 2012. The market consensus is for the creation of 153K jobs in the month of January. Market expectations are cautious after the December report which showed that 200K jobs were added to the economy in the same mon...
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Tags: forex | online-forex | stock-market | etoro | fx | foreign-exchange | financial-news | payrolls-release
Forex - EUR/USD swings on U.S. jobs data
Forexpros - The euro zigzagged against the dollar on Friday, climbing as investors ran towards riskier yet more rewarding asset classes in wake of surprisingly positive U.S. unemployment figures before weakening on fears stemming from delays in Greek debt restructuring talks.The euro was down aga...
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Tags: forex
Forex - U.S. dollar climbs on strong non...
Forexpros - The U.S. dollar eased higher against most of its major counterparts Friday, as the non farm payroll report beat expectations and unemployment dropped.During early session U.S. trade, the dollar gained ground against the euro, with EUR/USD easing lower 0.14% to hit 1.3124. Non farm pay...
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Tags: forex
Further Downward Pressure on the Euro
EUR/USD The Euro spiked higher in European trading on Friday following media reports that China was considering investing in the EFSF and ESM, but it retreated quickly following a more cautious interpretation of the comments from German Chancellor Merkel. There was further downward pressure on th...
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Tags: forex | aud | sterling | swiss-franc | yen | usd | euro
Forex - EUR/USD up on jobs data
Forexpros - The Euro was higher against the U.S. Dollar on Friday after the release of U.S. data on Nonfarm Payrolls. EUR/USD was trading at 1.3157, up 0.11% at time of writing. The pair was likely to find support at 1.3027, Wednesday's low, and resistance at 1.3218, Wednesday's high. Earlier in ...
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Tags: forex
Forex - EUR/USD higher pre non farm payroll data
Forexpros - The euro gained against the U.S. dollar in early trade Friday, as investors await the official non farm payroll numbers to gauge the recovery strength in the world's largest economy. EUR/USD traded at a low of 1.3115 and hit a high of 1.3186 prior to trading higher by 0.12% at 1.3159....
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Tags: forex
Forex - USD/CAD up on jobs data
Forexpros - The U.S. Dollar was higher against the Canadian Dollar on Friday after the release of Canadian data on Unemployment Rate. USD/CAD was trading at 1.0019, up 0.27% at time of writing. The pair was likely to find support at 0.9964, Wednesday's low, and resistance at 1.0070, Monday's high...
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Tags: forex
Forex - AUD/USD down in European trading hours
Forexpros - The Australian Dollar was lower against the U.S. Dollar on Friday. AUD/USD was trading at 1.0691, down 0.20% at time of writing. The pair was likely to find support at 1.0528, Monday's low, and resistance at 1.0756, Thursday's high. Meanwhile, the Australian Dollar was down against th...
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Tags: forex
Forex - USD/JPY up in European trade
Forexpros - The U.S. Dollar was higher against the Japanese Yen on Friday. USD/JPY was trading at 76.24, up 0.03% at time of writing. The pair was likely to find support at 76.02, Wednesday's low, and resistance at 76.78, Monday's high. Meanwhile, the U.S. Dollar was down against the Euro and the...
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Tags: forex
Forex - GBP/USD up during the European session
Forexpros - The British Pound was higher against the U.S. Dollar on Friday. GBP/USD was trading at 1.5831, up 0.16% at time of writing. The pair was likely to find support at 1.5654, Monday's low, and resistance at 1.5883, Wednesday's high. Meanwhile, the British Pound was up against the Euro and...
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Tags: forex
GBPUSD: Biased To The Upside Medium Term...
GBPUSD: Although GBP backed off higher prices to close lower on Thursday, we continue to maintain our upside outlook. This suggests that GBP should eventually return above the 1.5882/5 level. This will pave the way for further strength towards the 1.6074 level, its Nov'2011 high. Its daily RSI is...
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Tags: daily-technical-strategist | forex
