June 30th, 2008 by
Expect a dollar rally to begin the week. This opportunity should be used to establish / add to long standing USD bearish positions. The exception is the…
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Top Currency Trading Ideas for the Week of June 30, 2008
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June 30th, 2008 by
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June 30th, 2008 by
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June 30th, 2008 by
No respite for dollar longs as the trading week started out much the same way that last week ended with the greenback weak across the board.
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Dollar Dumped Across The Board, Aussie at 25 Year High - Parity Next?
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June 30th, 2008 by
An index of consumer confidence based on a survey of 2,001 people fell 5 points to minus 34
Source:
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June 28th, 2008 by
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June 27th, 2008 by
The Indian Rupee has fallen to a 14-month low as a result of the sagging Indian stock market and surging inflation. Foreign investors have withdrawn $5.7 Billion from the Indian stock market in the first half of 2008, reinforcing the 30% drop in stock prices that occurred over the same time period. Meanwhile, the nation’s benchmark inflation rate has risen to the highest level in nearly 13 years, and investors are clamoring for the Royal Bank of India to do more. The RBI has already raised interest rates as well as intervening on the Rupee’s behalf in forex markets, as indicated by data on the RBI’s foreign exchange reserves. Both moves were explicitly aimed at combating inflation, but may also carry the unavoidable consequence of stunted economic growth. The Rupee will likely continue to be caught in the slipstream. Bloomberg News reports:
“The rupee is under pressure to weaken because the losses
in the stock market are raising concern about capital
outflows. The
currency could fall further if not for support from the central
bank.”
Read More: India’s Rupee Falls to Near 14-Month Low on Stock Market Losses
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Indian Rupee at 14-Month Low
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June 27th, 2008 by
On Monday, Eurostat estimates for Euro-zone CPI are expected to show that inflation accelerated at an ever faster clip of 3.9 percent in June. If CPI is…
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EUR/USD: Euro-zone CPI May Set the Stage for an Imminent ECB Rate Hike
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June 27th, 2008 by
The USDCAD is expected to break higher from a triangle in the next few weeks. The minimum objective is above 1.0378 but a target is near 1.05 (Fibo extension…
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USDCAD: Position for a Breakout
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June 27th, 2008 by
We?re ahead nicely on the GBPAUD trade and are publishing an update to the trade.
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GBPAUD: Rally to Accelerate
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June 27th, 2008 by
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June 27th, 2008 by
The USDCHF is probably on its way to a new low.
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Swiss Franc Technical Outlook
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June 27th, 2008 by
A C wave (of either a triangle or flat) is underway.
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British Pound Technical Outlook
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June 27th, 2008 by
The USDJPY broke below channel support that had contained price action since the low at 95.72. A corrective rally to 107.00/50 will present a shorting…
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Dollar Countertrend Rally Will Present Next Shorting Opportunity
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June 27th, 2008 by
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