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Economic activity in Canada is forecasted to advance 0.2 percent in July after figures were unchanged the month prior. However, traders should not rule out a disappointing reading from the loonie as household spending in Canada seems to be tapering off.
Forex: EUR/CHF settles around 1.3780 at 5-week high
FXstreet.com (Barcelona) – The Euro common currency jumped nearly 200 pips against the Swiss franc over the European session today, ultimately settling around the 1.3780 zone where it reaches a fresh 5-week high.
Forex: USD/JPY approaches to 88.00
FXstreet.com (Buenos Aires) – USD/JPY traded in a firmer tone today, supported by increasing risk appetite; the pair quotes around 87.90, fresh 2-weeks high still close to historical lows.
Forex: GBP/USD limited correction seen
FXstreet.com (Buenos Aires) – GBP/USD Current price: 1.5486. As comment on previous update, pair reached the 1.5520 resistance area, from where we saw a very timid come back, supporting further rises in the cross, as the bullish trend remains intact according to bigger time frames.
FOREX-Euro rallies in aftermath of bank stress tests
* Euro rallies in aftermath of bank stress tests * Euro investors become more bullish as day progresses * U.S. new home sales data for June a positive NEW YORK, July 26 – The euro rallied to $1.30 on Monday as relief over European bank stress tests and stronger economic data on both sides of the Atlantic gave investors less reason to be risk averse. Worries the tests weren’t strict enough still …
Forex: CAD/JPY jumps up to 84.30
FXstreet.com (Barcelona) – The Canadian dollar is strengthening against the Japanese yen this morning over Asia after the Japanese corporate service price came in just under expectations. Currently the CAD/JPY trades at 84.26 after reaching a high of 84.35 just prior.
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Forex: USD/JPY, capped at 87.70, eases to 87.35 session low
FXstreet.com (Barcelona) – The Dollar rallied on Thursday and Friday, and, from 86.35 (Jul 22 low), the pair picked up to 87.70 high on Monday’s Asian session, where the USD was capped on Asian session, before pulling back to session low at 87.35 ahead of the European session opening.
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It was a choppy day for the dollar index Tuesday, as we can see above it suffered at the hands of some whipsaw price action in the first half of the day.
Forex: GBP/USD holds above 1.5400
FXstreet.com (Buenos Aires) – GBP/USD Current price: 1.5420. Pair seems more clearly bullish forming a small continuation triangle in the hourly chart and with 20 SMA holding a strong bullish slope under current price, despite momentum has turn lower and aims to break the 100 level upside down.
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Gold Technicals for July 26th
Gold has topped. Please see the latest special report for details. Gold is making its way lower and in an impulsive fashion. I wrote last week to look for gold to form a low next week as wave 5 comes to an end. Expectations will then be for a move back to 1220. After bouncing to 1204, gold is testing its low so a secondary top may be in place at 1204. Jamie Saettele publishes Daily Technicals …
Forex: JPY reverses its course south, risk appetite up
FXstreet.com (Barcelona) – The Japanese Yen had a major setback on Thursday, as investors withdrew longs in the currency to prompt heavy buying on riskier assets. The termination of today’s Yen rally happened in the blink of an eye, suggesting further risk appetite may be in the brewing.
Forex: EUR/USD catching up downside momentum, dips to 1.2845 low
FXstreet.com (Barcelona)- The Euro has broken Asian sessions consolidation range with a downside move, dipping below 1.2875 support to session low at 1.2845, about 10 pips shy of Tuesday’s bottom, at 1.2835.
Forex Trading Strategy Analysis: Trade with Market Conditions
US Dollar volatility against the Euro and other major currency pairs has made foreign currency trading more popular than ever, but the influx of new traders has often been met with the loss of old as many traders do poorly amidst volatile markets.
FXDD Now Offers Metatrader 5
NEW YORK , July 22 /PRNewswire/ — FXDD, a leading online Forex broker, is now offering the Metatrader 5 software trading platform for practice (demo) accounts. To sign-up for an FXDD Metatrader 5 practice account, please visit http://www.fxdd.com/metatrader5 Metatrader 5 is the latest version of the Forex trading platform produced by MetaQuotes Software Corp and …
Forex: EUR/CHF plunges, limited by 1.3500
FXstreet.com (Barcelona) – The Swissy hammered a waning Euro on Tuesday, gaining over 160 pips since driving through a 1-month high at 1.3675 earlier in Europe.
Forex: GBP/USD: The Cable erases daily losses
FXstreet.com (Barcelona) – The Britsh currency had a meritorious mid-day rebound from a 1-week low, regaining 1.5200 level back again, even stretching further to surpass its opening price at 1.5227.
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Retail sales in the U.K. advanced 0.7 percent in June after climbing a revised 0.8 percent the previous month to exceed economists’ expectations of 0.5 percent.
Forex: USD/CAD retreats from 1.0585 to 1.0505
FXstreet.com (Córdoba) – The Dollar fell considerably against currencies tied to commodities in the last hour, approaching to daily lows. USD/CAD retreated from 1.0585 (2-week high) to 1.0505, favored by a rally in crude oil prices.
Forex: EUR/USD rises above 1.3020, 12-week high
FXstreet.com (Barcelona) – The pair resumed its pronounced uptrend once more, rising passed last Friday’s high at 1.3007 to stretch above it topping at 1.3028, a new 12-week high last seen on May 10. Current price pulled slightly down to 1.3007, a 0.38% higher than previous close.
Forex: Australian dollar strengthens across the board
FXstreet.com (Córdoba) – South Pacific currencies are rising across the board as stocks in China and Australia advance, and despite a brief pull back after the RBA minutes were released, the Aussie is back heading north.
Forex: NZD/USD testing above 0.7100
FXstreet.com (Barcelona) – Continuing its bull run over the Asian session, the NZD/USD has surpassed 0.7100 to reach a daily high at 0.7123 in recent trading. Currently the pair has consolidated slightly below that level but remains at 0.7104/16, nearly 0.75% higher since open.
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USD/CAD: The 100-Day SMA has proven to be a formidable support for the pair, with the market failing on multiple attempts over the past several days to close below the longer-term SMA before finally surging back above 1.0500 thus far.
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USD/JPY: The latest round of setbacks below 87.00 have been very well supported and daily studies have now turned up from oversold levels with the market looking like it wants to carve out a base.
Forex: GBP/USD, capped at 1.5350, returns below 1.5300
FXstreet.com (Barcelona) – The Pound continues moving in range on Monday after pulling back from almost three-month high at 1.5470 last Thursday as the pair’s bullish attempt seen on early European opening found resistance at 1.5350, and pulled back to levels below 1.5300.
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As the central bank in Canada is widely expected to normalize monetary policy further in the second-half of 2010, a shift in the economic assessment could spark a bullish reaction in the Canadian dollar as policy makers see the recovery gather pace.
NTA: HRP: HRP-Net Asset Value as at 19 July 2010
Don’t know the stock code? Search by keyword: “The foreign exchange market (also referred to as FX, currency trading or the forex market) is a worldwide decentralised over-the-counter (OTC) financial market for the trading of currencies.
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Another day and another impressive session for the currency markets, with the Euro once again leading the way to close back above the 100-Day SMA for the first time since December of 2009.
Forex: AUD/USD retreats to 0.8810
FXstreet.com (Córdoba) – The Aussie strengthened after an improvement in the consumer confidence in Australia and extended a little higher to post a fresh 3-week high against the Greenback at 0.8849. However, AUD/USD lost upside momentum and entered a pullback toward the 0.8810 zone where is currently trading, 0.23% below its opening price.
Swiss exporters warn of job losses on franc rise
The strengthening Swiss franc is starting to take its toll on exporters, who warn that the appreciation of the currency is eating into their earnings margin and threatening thousands of jobs.
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