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USD/CHF Breaks Resistance on Firm SNB Decision

March 12, 2009 - by - Leave a Comment

USD/CHF made a huge jump of over 300 pips immediately after the SNB firmly implied that the it wants the Swiss Franc down. The Swissy broke a major resistance line …

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British Banks Pound the Pound

March 9, 2009 - by - Leave a Comment

GBP/USD started the week face down – it broke the support line of 1.3950, due to bad news from British banks that continue to pour. Where will the fall stop …

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USD/JPY on the March

March 4, 2009 - by - Leave a Comment

The Japanese Yen began retreating today, with the USD/JPY above 99. It comes ahead of the ADP Non-Farm Employment Change and of the ISM Non-Manufacturing PMI – two major US figures that …

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British Pound – First Breakout of the Week

March 2, 2009 - by - Leave a Comment

The forex week began with a big move by the British pound. It fell below the below the 1.40 mark. This happened after bad manufacturing PMI was released in Britain, …

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USD/JPY Heading For 100, US Data Awful

February 26, 2009 - by - Leave a Comment

USD/JPY is going up steadily in the past few two weeks. It just made another leap, breaking the 98 line. This happened as the US session began, and continued on …

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Dollar “Nationalized” For The Weekend

February 20, 2009 - by - Leave a Comment

The US dollar fell off a cliff against all the currencies. The fall began at 16:50 GMT, during the time that financial stocks plunged at Wall Street. The nice gains …

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Dollar Extending Gains on Strong CPI

February 20, 2009 - by - Leave a Comment

The US dollar extends it’s gains after the CPI and Core CPI were slightly better than expected. The strongest impact is in the Japanese Yen. Core Consumer Price Index (CPI) …

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Canadian Housing Starts Fall – USD/CAD Stable

February 9, 2009 - by - Leave a Comment

Housing Starts in Canada fell to 154,000. Early predictions were at 165,000, which was already lower than last month’s 172,000. This low figure made the Canadian dollar shake, but now …

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USD/CAD Leaps on Terrbile Employment Data in Canada

February 6, 2009 - by - Leave a Comment

USD/CAD jumped above 1.25, in a very fast move. It happened due to awful employment data from Canada. USD/CAD is now trading at 1.2511, after a jump of 100 pips immediately …

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EUR/GBP Broke Support After Rate Decisions

February 5, 2009 - by - Leave a Comment

The Bank of England and the ECB made their expected decisions: BoE lowered the interest rate to 1%, and Jean Claude Trichet left the interest rate unchanged at 2%. The …

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