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Currency Report
The yen and the dollar rose against the euro and headed for record monthly gains as signs of a global recession led investors to seek safety. Japan's currency also advanced after the Bank of Japan lowered...
1 commentEconomic and Forex Outlook
The calendar is relatively light today and attention will focus on developments in the financial markets. The past week has seen high-yielding currencies such as the Australian and New Zealand dollars...
0 commentsGlobal Currencies
The USD/JPY gained the most since 1974 on a global stock rally and speculation. The improvement in overall risk sentiment led investors to sell the low-yielding yen and buy higher-yielding assets. Carry...
0 commentsEuro Dollar Session
EUR USD is in a downtrend directed by 4H exponential moving averages. EUR USD is in a consolidation after the last bearish movement. There is an horizontal range between 1,3400 and 1,3515. Support and...
0 commentsUnemployment Rate Rose To 6.7 Percent, The Highest Since 1993
High Unemployment and Low Non-Farm Figures might lower the USD. The U.S. Dollar experienced heavy losses against its main rival currencies in Thursday's trading session. This was amid the slash of Interest...
3 commentsA Trend Correction Has Occurred Today As Us Consumption Contracted For The Fifth Straight Month In November
Initially, the distinct seizure of the financial markets beginning in October sparked a sense of panic and sent funds on the hunt for safety in the form of liquid, stable and essentially risk-free...
0 commentsGBP, EUR, USD, JYP
The U.S. currency has finally retained some gains against the EUR, after a sharp decline for the last two days which saw a decline in value to as low as 1.3059. The Euro-Zone currency may go further against...
0 commentsConsequences Of Global Economy Deterioration
Massive stimulus plans to drive the world out of recession took center stage on Wednesday with the European Union asked to provide a 200 billion euro boost and China announcing its biggest interest rate...
0 commentsProactive Governments
China increasingly appears to be the world's last center of growth and has said it would not fall victim to the crisis. It cut its interest rate to 6.66 percent from 6.93. Norway's central bank cut rates by...
0 commentsForex Reports
EURUSD has formed a perfect triangle on the 4hours charts over the last couple of days, clearly marking the 1.3740 resistance level and a series of higher lows. This can turn into a very good risk/reward...
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