Euro in Focus as German Producer Prices Stoke Deflation Expectations (Euro Open)

Written by Ilya Spivak, Currency Analyst The Euro may see selling pressure in overnight trading with German Producer Prices set to fall -3.6% in the year to May, the largest decline in 22 years, stoking expectations that the Euro Zone’s largest economy will help drag the currency bloc into deflation, containing economic growth. Key Overnight Developments • Meeting Minutes Show BOJ Remains Uncertain About Domestic, Global Economy• Euro,...

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EURUSD Daily Forecast: June 19

The EURUSD had a moderate bearish momentum yesterday. The pair attempted to push higher, topped at 1.4000 but closed lower at 1.3898. On h1 chart below we still have a valid minor bullish channel but... Full Story Story Submitter FxInstructor 353 Submitted (2,394 total Useful votes) 54 Comments 388 Votes Cast Story Stats Submitted Jun 18, 2009 8:03pm (9 hr ago) 858 Views: 1 Comments: 15 Useful Votes: ...

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EURUSD Daily Forecast: June 19

The EURUSD had a moderate bearish momentum yesterday. The pair attempted to push higher, topped at 1.4000 but closed lower at 1.3898. On h1 chart below we still have a valid minor bullish channel but... Full Story Story Submitter FxInstructor 353 Submitted (2,394 total Useful votes) 54 Comments 388 Votes Cast Story Stats Submitted Jun 18, 2009 8:03pm (9 hr ago) 858 Views: 1 Comments: 15 Useful Votes: ...

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EURUSD: Trapped In A Channel.

EURUSD: While a reversal ahead of its key support residing at the 1.3738 level, its Mar 19’09 high has now stalled, EUR now sees threats of further corrective declines as long as it is trading within its ST falling channel. The above mentioned support will be targeted on lower prices where we still expect a cap to turn the pair higher to preserve its medium term uptrend. However, on a violation of there, risks of further weakness will shape towards...

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USDJPY: Pressured To The Downside Longer Term.

Pressured To The Downside Longer Term. While USDJPY bottomed out on a double bottom pattern formation in Jan’09 and rallied for three months to attain a high of 101.43 in April’09 triggering its medium term uptrend, its loss of upside momentum at the earlier mentioned high at 101 Full Story Story Submitter Mohammed Isah 815 Submitted (2,504 total Useful votes) 621 Comments 168 Votes Cast Story Stats Submitted Jun 19,...

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Note of Encouragment to Struggling Traders

In the about section just released yesterday I noted that this would not be a personal blog and with that in mind something else came into my head just this morning that sort of pushes that envelope a bit. Since this is my site, I guess I can bend the rules a little bit. Still, this is more investment advice than it is a life story. We can just call it a life lesson if you like. One word of advice I have often heard in business and investments is that ‘business is never personal’. That may be true to some, but for a lot of us just trying to...

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Market Uncertainty Clouds Dollar’s Direction

The last few days have been a wild ride for the dollar and other major currencies, with EUR/USD making another attempt towards 1.40 and GBP/USD failing to break above 1.64, amid worse than expected retail sales earlier today... Full Story Story Submitter Manousarides 116 Submitted (1,157 total Useful votes) 21 Comments 164 Votes Cast Story Stats Submitted Jun 18, 2009 7:48am (21 hr ago) 647 Views: 0 Comments: 13 Useful...

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USDJPY Daily Forecast: June 19

The USDJPY was corrected higher yesterday. On h1 chart below we can see that the pair is now testing the 38.2% Fibo retracement (of 98.55 – 95.50 ) area around 96.70. So far, this upside correction is normal, but... Full Story Story Submitter FxInstructor 353 Submitted (2,394 total Useful votes) 54 Comments 388 Votes Cast Story Stats Submitted Jun 18, 2009 8:22pm (9 hr ago) 248 Views: 0 Comments: 10 Useful Votes:...

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Daily Forecasts - Currency Technicals and Fundamentals

Overnight news is sparse, and this pair is hanging out around 1.3950. We did have an unemployment report this morning that showed a drop of people on unemployment by 148,000, the most in 7 years. With so many people no longer employees, but rather are independent contractors, how accurate are the numbers? Further, does an independent contractor ever become unemployed, or does the size of his checks merely diminish or stop? Where does his status...

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Daily Forecast for Crosses (EURJPY, GBPJPY, AUDUSD): June 19

EURJPY Forecast The falling wedge formation gave us a valid warning about bullish scenario yesterday. I am expecting this bullish scenario continue today. The bias is bullish in nearest term targeting... Full Story Story Submitter FxInstructor 353 Submitted (2,394 total Useful votes) 54 Comments 388 Votes Cast Story Stats Submitted Jun 18, 2009 9:33pm (7 hr ago) 288 Views: 0 Comments: 6 Useful Votes: Members...

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The Big Picture for the U.S. Dollar (USD)

We are going to be seeing two news stories swinging back and forth and back and forth for the next few months. Come see what Story #1 and Story #2 are. Full Story Story Submitter lmarkets 393 Submitted (1,648 total Useful votes) 37 Comments 203 Votes Cast Story Stats Submitted Jun 18, 2009 8:03pm (9 hr ago) 243 Views: 1 Comments: 6 Useful Votes: Members who voted Useful for this story: -Os-, lmarkets, mbartles,...

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Forex News 18.06.2009

Forex News 18.06.2009 Latest forex news: - Australia's Industrial Output, New Orders To See First Gains in 9 Months, Says Westpac - RBA Sold A$1.4 in FX Market, Said Interest Rate Changes Losing Effect on Lending Costs - Yen Rises Against the USD - EUR Jumps On Increased Optimism - USD Weakens on Weak U.S. Inflation Data Full Story Story Submitter demetrov 50 Submitted (132 total Useful votes) 3 Comments 85 Votes...

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