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Author: Irit Rutenberg

Forex Daily Outlook – March 3rd, 2011

Middle East Tensions Continue to Hurt the Dollar The Euro continued to grind higher and pushed through 1.3855 resistance, as strong indications of a potential rate hike are backed by recent economic data. The higher euro zone...

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March 3rd, 2011 Forex Forecast

EUR/USD Today saw the long-awaited close above 1.38 for this pair. The resistance has given way, and now should serve as support. (The 1.38-1.3750 area) As this has given way, it clearly opens the door to 1.40 and possibly...

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Daily Forex Outlook – March 2nd, 2011

The US dollar remains under pressure as the divergent outlook in monetary policy across central banks continue to underpin currency movement. The euro extended its recent gains, just ahead of the yearly high near $1.386,...

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