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IBT FX Center News
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The latest news, technical and fundamental analysis, charts, tools, education by IBT FX Center, designed to help international forex
traders to trade fully informed and realize their full trading potential.
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Dollar falls, gold rises in Europe
The U.S. dollar was lower against other major currencies in European trading Thursday. Gold rose. The euro traded at $1.4870, up from $1.4741 late Wednesday in New York. Later, in afternoon trading in New York Thursday, the euro fetched $1.4865.
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Chart of the Day - 8/21/2008 - GBP/USD
Price action on GBP/USD (a daily chart of which is shown), appears to have respected and bounced up off the long-term uptrend line (represented on the chart by the long green line), after a week-long period of consolidation right at the line
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Daily currency analysis - Aug 21
The dollar foundsupport close to the 1.48 level against the Euro in Asia on Wednesday and strengthenedto highs just below 1.47 in Europe. The US financialsector remained a focus as unease surrounding the mortgage-service companiescontinued. There was some rebound later in US trading which helped und...
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AUD/USD: Pullbacks?
- The pair found a good support at 0.8588 after falling over 1,000 pips since mid July. CCI in the daily chart just got away from the oversold condition.
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Economy fears subdue Euro
Fears over the economy will subdue the Euro in the short term
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USD/JPY Technical Analysis 21 August 2008
The US Dollar descended significantly yesterday against the Japanese Yen dropping from Wednesday's top 110.27 to today's bottom 108.60, which are the first resistance and support levels respectively for the currency couple today. If the negative trend continues, next support further down is expected at 108.00, the break of which would open potential drop towards 107.40. In upward direc...
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GBP/USD Technical Analysis 21 August 2008
The British Pound also climbed significantly yesterday against the US Dollar from Wednesday's bottom 1.8552 to today's top 1.8700, which are the the first support and resistance levels respectively for the currency couple today. If the positive trend continues, as we expect for today, next resistance is expected at 1.8770, followed by 1.8850. In downward direction next support for tod...
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EUR/USD - 1.4783 Daily Market Outlook - Aug 21
Although euro's breach of resistance at 1.4807 signals the erratic upmove from 1.4630 low to retrace recent decline has resumed and further gain to 1.4830/40 cannot be ruled out, overbought condition should prevent sharp rise beyond 1.4855/60 and reckon price would falter well below 1.4890/00, yield...
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A Busy Day...
Moving through the days into the end of the year, with more fears arouse in the huge economies in the world; the flattening spending, dropping confidence coming from the weak data plus the more jobs cuts that was taking place all are leading to severe drop in the growth levels.
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Market Moving News: GBP/USD - Aug 21
Gbp/usd - 1.8659 ... Although the British pound jumped to an intra-day high of 1.8708 shortly after the release of surprisingly strg U.K. retail sales data (0.8% m/m n 2.1% y/y vs forecast of -0.3% m/m n 1.7% y/y resp.), however, cable ran into heavy offers there n has retreated. At the moment, sell...
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Market Moving News: EUR/USD - Aug 21
Eur/usd - 1.4780 ... Despite intra-day rise to 1.4834, the single currency has retreated in European morning after the release of worse-than-expected German manufacturing PMI data (49.9 vs forecast of 50.5) n stops below 1.4760 are in focus, however, mixture of bids n stops remains at 1.4730-40. On ...
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Fundamental analysis for precious metals silver - 8/21/2008
We see today that there\'s a chance for the pair to breach the 13.40 level to undergo an upside correction on the short term yet unfortunately a new resistance level has been created around the 13.60 level which could limit the upside movements. However, breaking this level will result in a correctio...
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Fundamental analysis for precious metals gold - 8/21/2008
A sideways pattern leaning towards the upside is what momentum and direction indicators show today. The target is still at 830 which the metal is trying to breach to reach 836.30. However on an intraday basis, the 805.00 level is the point separating the uptrend from downtrend The trading range for ...
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EUR/USD Technical Analysis 21 August 2008
The Euro descended significantly yesterday against the US Dollar from Wedneesday's bottom 1.4634 to the top 1.4798, after which started recovering, and the above are the the first resistance and support levels respectively for the currency couple today. If the positive trend continues, next resistance is expected at 1.4870, followed by 1.4930. In downward direction next support for today is ...
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Market Moving News: USD/JPY - Aug 21
Usd/jpy - 109.12...Dlr has fallen sharply on active cross buying in yen (by model funds n st specs) n the stops placed below 109.50 have been triggered, with the bids at 109.05/10 also being absorbed. Buying interest (some orders are for profit taking purposes) is noted at 108.50/60 with stops likel...
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AUD/USD - Australian Dollar US Dollar, European Session - 07/08/08
0,9100. AUD USD is in an downtrend directed by 1H exponential moving averages. The volatility is low. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on AUD USD. The price should find a support above 0,9050 / 0,91...
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EUR/CAD - Euro Canadian Dollar, European Session - 07/08/08
1,6155. EUR CAD is in a consolidation after the last bullish movement. There is an horizontal range between 1,6135 and 1,6170. Support and resistance are given by Bollinger bands. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bullish config...
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EUR/GBP - Euro British Pound, European Session - 07/08/08
0,7923. EUR GBP is in a consolidation after the last bullish movement. The volatility is low. Bollinger bands are flat. Oscillators are neutral. The price should continue to move in Bollinger bands. We won't take a position. Resistances0,7930 - 0,7950Supports0,7905 - 0,7850
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EUR/USD - Euro Dollar, European Session - 07/08/08
1,5435. EUR USD is in an downtrend directed by 1H exponential moving averages. EUR USD is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 4H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic...
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GBP/USD - British Pound Dollar, European Session - 07/08/08
1,9477. GBP USD broke 1,9500 support. GBP USD is in an downtrend directed by 1H exponential moving averages. GBP USD is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bearish configuration...
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