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Forex Trading Alert: USD/CHF – At Crossroads
December 10, 2014, 12:37 PMYesterday, the USD Index (which tracks the performance of the U.S. currency against a basket of six major currencies) declined, moving away from Monday’s high of $89.56. As a result, USD/CHF extended losses and tested the strength of the key support line. Earlier today, we saw a similar price action. Will it withstand the selling pressure?
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Forex Trading Alert: EUR/USD – Bigger Corrective Upswing Or Trend Reversal?
December 9, 2014, 10:42 AMEarlier today, official data showed that Germany's trade surplus widened to €20.6 billion in October from €18.6 billion in September, beating analysts’ forecasts. In response to these bullish numbers, EUR/USD extended gains and invalidated another breakdown. What’s next for the exchange rate?
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Forex Trading Alert: EUR/USD Meets Support
December 8, 2014, 2:47 PMEarlier today, official data showed that German industrial production increased just 0.2% in October, missing analysts’ expectations for a 0.5% gain. These disappointing numbers fuelled concerns over the outlook for fourth quarter growth and pushed EUR/USD to a fresh two-year low against the greenback. With this move, the pair approached an important support area. Will it trigger a rebound from here?
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Forex Trading Alert: What’s Next for Major Currencies Against the Dollar?
December 5, 2014, 2:10 PMEarlier today, the Labor Department showed that the U.S. economy added 321,000 jobs in the previous month, beating analysts’ expectations for jobs growth of 225,000. Additionally, the U.S. unemployment rate remained unchanged at 5.8% last month. These stronger-than-expected numbers pushed the USD Index to a fresh multi-year high of 89.49. How did this rally affect the technical picture of major currency pairs?
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Forex Trading Alert: EUR/USD – Time For Rebound?
December 4, 2014, 10:53 AMEarlier today, the European Central Bank kept interest rates at their current record lows of 0.05%. The Bank also left its marginal lending at 0.30% and its deposit facility rate at minus 0.20%. In these circumstances, the euro hit a fresh multi-year low, but then the exchange rate rebounded sharply after the ECB President Mario Draghi comments. Will we see further rally?
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