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Soft U.S. Factory Data Slows Downtrend On GBP/USD
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 - May 16, 2013

GBP/USD Open 1.5222 High 1.5273 Low 1.5172 Close 1.5226On Wednesday, the GBP/USD traded within the 100 pip range. The Cable depreciated from 1.5273 to 1.5172 yesterday, in line with the negative money...

 
GBP/USD Trend Transition Forms Bottom As Expected
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 - May 16, 2013

GBPUSD – Price Action Bottoms, More Upside? As discussed in my FX market commentary yesterday, the GBP/USD was showing intra-day price action signs of a bottom forming via the trend transitions and ...

 
GBP/USD: First Pullback Setup Plays Out
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 - May 16, 2013

GBP/USD – First Pullback Level Plays Out Yesterday in my market commentary, we discussed looking for pullbacks towards two key levels to get short on the pound. The first was the 1.5279 level, and ...

 
Majors Daily Forecast: May 16, 2013
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 - May 16, 2013

EUR/USDTrading range: 1.2890 - 1.2790Trend: DownwardSell at 1.2880 SL 1.2912 TP 1.2803USD/JPYTrading range: 102.00 - 103.00Trend: UpwardBuy at 102.14 SL 101.82 TP 102.86GBP/USDTrading range: 1.5245 - ...

 
ECB Likes Seeing EUR/USD At 1.2870
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 - May 16, 2013

The euro’s fall to six-week lows is likely to be welcomed by the European Central Bank (ECB), which has been trying to talk down the currency. Yet to really take the shine off the euro, ...

 
GBP/USD Bounces Off Support At 1.52
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 - May 16, 2013

Over the last 24 hours the GBP/USD has fallen lower again down below 1.52 and to levels not seen since early April. It appears to be consolidating a little around the support level at 1.52, which has ...

 
EUR/USD At 1.2875, Inflation Set To Fall To Three-Year Low
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 - May 16, 2013

The euro slid toward a six-week low before a report that will probably confirm inflation in the 17-nation region was the slowest in three years.The common currency completed a five-day drop yesterday,...

 
USD/CAD At 1.0160 After U.S. Production Declines
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 - May 16, 2013

The Canadian dollar gained for the first time in five days versus its U.S. counterpart after American industrial production dropped in April by the most in eight months.The currency advanced against ...

 
AUD/USD Settles Around 0.99
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 - May 16, 2013

The AUD/USD has experienced its worst week in a long time which has seen it continue to move to new lows below 0.99, from highs above 1.0250, although in the last 24 hours it has settled a little and ...

 
EUR/USD Moves To One Month Low Below 1.29
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 - May 16, 2013

The euro is presently consolidating in a narrow trading range right around 1.2880 after having recently moved down towards 1.2850 and then rallied higher. The lows below 1.2850 are the lowest levels ...

 
Major Currency Pairs: EUR/USD, USD/JPY, GBP/USD
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 - May 16, 2013

EUR/USDCurrent level - 1.2902The bias here remains negative, as the pair is heading towards 1.2850-60 support area. An eventual reversal around 1.2850 should initiate a rebound for 1.2940 resistance ...

 
EUR/USD Bellow 1.29 On Weak EU GDPs
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 - May 16, 2013

EUR/USD Open 1.2872 High 1.2943 Low 1.2842 Close 1.2878On Wednesday, the EUR/USD continued decreasing with 100 pips. The European currency depreciated from 1.2943 to 1.2842 yesterday, matching the ...

 
Aussie Dollar Is Now Oversold
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 - May 16, 2013

Recently, the Australian Dollar has been a very weak currency. Australia is a commodity rich country and as we all know, most commodities have been declining sharply lower in 2013. Traders and ...

 
Bearish Euro Pattern
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 - May 16, 2013

This Great Graphic is a weekly bar chart of the euro on Bloomberg. It appears to be carving out a large head and shoulders pattern since last September. The neckline is being approached near $1.2750,...

 
Euro Tumbles On Weak Eurozone GDP Data
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 - May 16, 2013

Market Review - 15/05/2013 23:00GMT Euro tumbles on weak eurozone GDP data The single currency tumbled against the dollar on Wednesday after GDP data from Germany and eurozone came in ...

 
Daily FX Analysis: Playing Corrections and Trading Trends from Value
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 - May 15, 2013

Trading today was a little mixed.Poor Euro area GDP figures this morning resulted in a push lower in the Euro and in most risk on style currency pairs.The Pound suffered at the hands of King and ...

 
Dollar Rally: What The Skeptics Are Saying
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 - May 15, 2013

Dollar Rally: What The Skeptics Are SayingEUR Extends Losses As GDP Data Confirms RecessionUSD/JPY Rally Hinges On Japanese DataGBP: BoE Upgrades GDP Forecasts, Cuts Inflation ForecastCAD Rebounds, ...