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Showing Posts 16 - 19 out of 19 found.

Forex: Aussie Rallies On Lack Of RBA Action

Forex: Aussie Rallies On Lack Of RBA Action

The Aussie/dollar (AUD/USD) is in the midst of a strong rebound after price once again respected the .7550 region.  Last night the currency pair got a boost after the Reserve Bank of Australia kept rates steady at 2.0% and failed to signal a future rate cut despite a sluggish economy.  Mining spending remains vulnerable to further cuts and elevated housing prices are raising fears of a...

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USD/CHF – Dollar rebounds from three-month double-bottom low

USD/CHF – Dollar rebounds from three-month double-bottom low

USD/CHF has rebounded from the double-bottom low that was initiated on May 7th at .9071 and then nearly retested on Thursday at .9077, which establish more than a three-month low.  The rebound with the greenback occurs after a couple of weeks of poor US economic releases that have swayed market expectations to believe that the Fed will not raise rates in June and that a September hike is now...

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Following the US Dollar Trend

Following the US Dollar Trend

Finding the trend is arguably one of the most important aspects of a technical trading strategy. If a trader can find the direction of the trend, it can exponentially increase the likelihood of having a successful trade. Trend traders have particularly enjoyed a continued bull run for the USDollar into the 2015 trading year. Prices have advanced in 8 out the last 10 months, allowing traders...

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Crude Boosts Canadian Dollar

Crude Boosts Canadian Dollar

In recent weeks we have seen crude oil rebound from the lows in the first quarter. On Wednesday crude posted its high for the year at 62.58, a level it hasn’t seen since December. The recent move up has many wondering if the bottom was put in March, when it broke 43.00.  The recent climb in crude also comes ahead of driving season, which also has many observers speculating how much higher it...

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