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Daily Forex Reports |
Written by Forex-Metal.com |
Friday, 03 February 2012 07:35 GMT
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The negotiations regarding the Greek debt with investors are passing very hard.
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Daily Forex Reports |
Written by Forexyard.com |
Friday, 03 February 2012 06:51 GMT
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Today's US Non-Farm Payrolls figure, widely considered the most significant economic indicator on the forex calendar, is set to generate heavy trading today. At the moment, analysts are predicting that the US added somewhere around 150K jobs in January.
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Daily Forex Reports |
Written by FX Empire |
Friday, 03 February 2012 06:08 GMT
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USD/JPY fell again on Thursday as traders prepare for the Non-Farm Payroll number today. The market almost always will react in violent moves to this announcement, and this pair is no different.
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Daily Forex Reports |
Written by FX Empire |
Friday, 03 February 2012 05:59 GMT
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USD/CAD had a tight range for the Thursday session as traders await the employment numbers out of both countries today. The two economies are interconnected in major ways, and as a result the pair can be tricky on a Non-Farm Payroll Friday.
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Daily Forex Reports |
Written by FX Empire |
Friday, 03 February 2012 05:58 GMT
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USD/CHF rose during the session on Thursday, but was fairly weak in its momentum. It gave up about half of the gains by the close, and the pair looks like it isn’t quite ready to move forward yet.
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Daily Forex Reports |
Written by FX Empire |
Friday, 03 February 2012 05:57 GMT
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AUD/USD rose initially during the Thursday session, but fell in the later hours to form a shooting star. The shooting star is at the previous highs, so while it isn’t a large one – it does carry some weight.
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Daily Forex Reports |
Written by FX Empire |
Friday, 03 February 2012 05:56 GMT
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EUR/USD fell during the Thursday session in a tight range. The candle is a hammer, and it looks like the market wants to rise as a result of the Non-Farm Payroll numbers later today.
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Daily Forex Reports |
Written by FX Empire |
Friday, 03 February 2012 05:55 GMT
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GBP/USD pulled back to the 1.58 level on Thursday, showing that the area is indeed important. The breaking above this level showed significant strength, and as a reminder, it offered support at the end of the session yesterday.
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Daily Forex Reports |
Written by FX Empire |
Thursday, 02 February 2012 07:16 GMT
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GBP/USD rose during the session on Wednesday as the 1.58 level gave way. However, the 1.59 held and has pushed the pair back significantly. This recent thrust has been very positive, and a break of 1.58 is certainly a sign of strength by the Pound.
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Daily Forex Reports |
Written by FX Empire |
Thursday, 02 February 2012 07:16 GMT
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USD/JPY fell again on Wednesday as traders continue to press their luck against the Bank of Japan and its desire to keep this cross rate higher. The resulting bounce in the late hours of the session saw a hammer form,
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