Forex traders remain hesistant to sell the US dollar, but with event risk out of the US, Euro-zone, Japan and Australia looming in the next 24 hours, there…

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US Dollar Consolidates, Pullback Still Possible This Week (Forex Video)

The GBPUSD sports a short term inverse head and shoulders pattern. The EURUSD made an inside day. Both developments are evidence of a short term reversal…

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Forex Technicals: The Day Ahead, August 18

Our recent forex seasonality report made an argument for a substantial reversal in the Canadian dollar and Japanese Yen through the month of August, but…

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Forex Seasonality Update: We Forecast USDCAD Declines

At -79,438, the British Pound composite COT is the lowest since July 1999. Cable was in a long term downtrend at that point as well, but the extreme bearish…

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British Pound Speculative Shorts at Highest Since 1999

The US dollar extended its recent gains this week, breaking through some key levels against its main counterparts. Although it was helped by some supportive…

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US Dollar Rallies - But Where Was the Fed?

This week the Bank of Japan is widely expected to keep its key interest rate unchanged and we expect the Japanese yen to be particularly vulnerable against…

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Japanese Yen Forecast Ahead of BoJ Meeting

The EURUSD closed below 1.47 Friday and the pair has enjoyed a small bounce so far this week. While there is no confirmation of a Euro bottom, short term…

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Euro Countertrend Rally Possibly Underway to 1.52

The US dollar rally triggered over a week ago by ECB President Trichet has been relentless, and as of Friday?s NY close, the dollar index had appreciated…

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Forex Trading Weekly Forecast 08.18.08

Fundamentals and technicals were crumbling for the euro last week. Tallying up the losses, the euro has now trended lower against its US counterpart for…

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Euro To Take Its Lead From ECB Rate Speculation

The US dollar rally triggered over a week ago by ECB President Trichet has been relentless, and as of Friday?s NY close, the dollar index had appreciated…

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US Dollar Could Reverse Gains As Bernanke Speaks Next Week

- British Pound Recovers Following Early Morning Test of 1.8520 - Euro Hits Fresh 6-Month Low

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US Dollar: Was the Rise In Consumer Confidence Deceiving?

While the dollar?s ongoing rally has grabbed most headlines, the market seems to be catching on to the other big trend in currencies: the distinct breakdown…

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Carry Trade Plunges, But Yen Pairs Testing Support

The British Pound has now fallen for the 11th consecutive trading day?its worst losing streak in the past twenty years of forex trading. The turn in the…

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British Pound Forecast: GBPUSD Could Bounce After Record Declines

The US dollar remains strong this morning as the University of Michigan/Reuters consumer confidence survey reflected improvement for the second consecutive…

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US Consumer Confidence Improves For Second Consecutive Month, Dollar Gains

The USD rallied overnight but evidence is mounting that a dollar weakness is around the corner.

Canadian Dollar Holding Own…Reversal Potential