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Buying EURUSD dips as we hold lows
Wed, 08 Feb 2012 15:45:00 GMT
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Guest Commentary: MarketVisionTV - GBP - How to Milk a Bull Market?!
Wed, 08 Feb 2012 15:30:00 GMT
Cable has rallied strongly from the 23.6% retracement of 1.5730 to confirm two clear observations.
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Guest Commentary: MarketVisionTV - GBP - How to Milk a Bull Market?!
Wed, 08 Feb 2012 15:30:00 GMT
Cable has rallied strongly from the 23.6% retracement of 1.5730 to confirm two clear observations. Firstly that it has likely entered the fifth and final leg from 1.5235 and secondly that it has become a model trendline currency which is worth focusing on. Not only did it respect the rule of three by holding the 1.5730 third trendline from the low but it is also honoring the former channel support now as resistance and a potential parallel resistance line. What this suggests is that minor 1.5930 will probably cap short term for 1.5870-1.1.5930 consolidation but as 1.5830 now holds Cable should spike up to a 5=1.618 of 1 objective of 1.6000 to end a five wave rally from 1.5730 and potentially 1.5625. From there or a loss of the third trendline support now at 1.5790 coinciding nicely with the former 1.5780 hgih for a return to 1.5640/1.55. Any further strength than this trendlines parallel currently at1.6030 would risk extension to 1.6130 the C=A.
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Guest Commentary: Gold & Silver Daily Outlook 02.08.2012
Wed, 08 Feb 2012 15:05:00 GMT
The market has changed direction again as major commodities and currencies rallied from Monday's falls. Gold and silver started off the day falling but soon after they had changed direction and finished the day in the green.
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Euro Steady as Greece Continues Negotiations with Troika
Wed, 08 Feb 2012 14:43:00 GMT
The U.S. Dollar tread water as the Euro failed to find meaningful follow through on yesterday’s break above 1.3200. Still, with the Euro hitting a seven-week high against the Greenback, it appears market participants are positioning themselves for a positive outcome to the Greek bailout negotiations. Not so fast.
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Jamie’s Pick: 02/08/12
Wed, 08 Feb 2012 14:35:00 GMT
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Euro Rally At Risk, Sterling To Falter On More QE
Wed, 08 Feb 2012 14:35:00 GMT
Market sentiment continued to pick up on Wednesday as Greece edged closer in securing its second bailout package, but the rise in risk appetite could be short-lived as we expect the European Central Bank to strike a cautious outlook for the region.
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Loonie Mixed after Canada’s January Housing Starts Fell Less than Expected
Wed, 08 Feb 2012 14:32:00 GMT
Canadian housing starts unexpectedly retreated in the first month of 2012 as a result of considerable decline in urban single units and slowdown in multiples.
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Euro Thrusts from Triangle; Expect Dip into 13200
Wed, 08 Feb 2012 14:32:00 GMT
A risk off day may (actually) be in the works. Specifically, the EURUSD pattern reveals near term vulnerability into 13165-13200. The larger trend is considered bullish against 13088 (I like buying the dip).
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US Dollar Targets Fresh Lows versus Euro, Australian Dollar
Wed, 08 Feb 2012 13:45:00 GMT
Forex options and futures sentiment points to further US Dollar (ticker: USDOLLAR) losses, and we expect the EURUSD, AUDUSD, NZDUSD, and GBPUSD could trade to further highs.
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2 Ways to Trade a 2500 Pip Trend, Part 2: Fear of the Unknown
Wed, 08 Feb 2012 13:30:00 GMT
Do you find the euro movement confusing? Let the market dictate to you when it is ready to resume the trend. Learn a simple breakout strategy to enter and exit a strong trending market.
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Euro Clears Short-Term Resistance; Opens Fresh Upside Towards 1.3500
Wed, 08 Feb 2012 12:16:00 GMT
Expectations that a deal will finally be reached on Greece have infused a fresh wave of confidence and the Euro looks poised for additional gains…
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Looking to Buy USD/CAD
Wed, 08 Feb 2012 11:01:00 GMT
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Crude Oil Higher Before Inventory Data, Metals Await Clarity on Greece
Wed, 08 Feb 2012 09:55:00 GMT
Crude oil is inching higher before official inventory data after a preliminary report showed a drop yesterday. Metals are focused on Greek bailout negotiations.
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FOREX: Euro Outlook Bearish Regardless of Greek Fiasco Outcome
Wed, 08 Feb 2012 08:35:00 GMT
The outlook for the Euro appears bearish regardless of the outcome of tense negotiations on the second Greek bailout now preoccupying the markets.
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GBP/USD: Trading the Bank of England Interest Rate Decision
Wed, 08 Feb 2012 07:00:00 GMT
The Bank of England interest rate decision could spark a sharp reversal in the British Pound as market participants see the central bank expanding its asset purchase program beyond the GBP 275B target.
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EUR/USD Classical Technical Report 02.08
Wed, 08 Feb 2012 06:55:00 GMT
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AUD/USD Classical Technical Report 02.08
Wed, 08 Feb 2012 06:54:00 GMT
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EUR/JPY Classical Technical Report 02.08
Wed, 08 Feb 2012 06:52:00 GMT
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USD/JPY Classical Technical Report 02.08
Wed, 08 Feb 2012 06:51:00 GMT
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GBP/USD Classical Technical Report 02.08
Wed, 08 Feb 2012 06:50:00 GMT
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USD/CHF Classical Technical Report 02.08
Wed, 08 Feb 2012 06:48:00 GMT
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NZD/USD Classical Technical Report 02.08
Wed, 08 Feb 2012 06:47:00 GMT
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USD/CAD Classical Technical Report 02.08
Wed, 08 Feb 2012 06:46:00 GMT
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GBP/JPY Classical Technical Report 02.08
Wed, 08 Feb 2012 06:45:00 GMT
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