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Global forex markets ignore China’s GDP

Global forex markets have been focusing on China overnight, with a raft of economic data having been released during the Asian trading session, the most significant of which has been the GDP ( Gross Domestic Product) which came in at 9.8%, rising 0.2% on the...

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USD continues to weaken helping majors higher

The bullish sentiment for the euro continued once again in today’s forex trading session, with the euro gaining strongly against the dollar, which continued in bearish tone on the usd index daily chart, falling below the key potential support level at 78.75, and now starting...

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Dollar index recovers some composure

An interesting technical picture is building on the dollar index daily chart, following last week’s five consecutive down days, which mirrored the previous week of five consecutive up days. So what are we to make of this price action over the last two weeks for...

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Global forex markets focus on euro

The forex markets were dominated by once piece of news, and one only yesterday, as the comments from Jean Claude Trichet were instantly pounced on, as evidence of an impending rate rise in Europe, as the ECB Governor presented a hawkish view of the European...

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Where next for the Japanese Yen

One of the interesting currency pairs to watch and trade in global forex markets last year was the USD/JPY, always a tricky pair, and made even more difficult by intervention from the Bank of Japan which was both overt and signalled to the market, as...

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Portugal bond auction better then expected

The markets waited nervously this morning ahead of the bond auction in Portugal, and with the results now coming through it appears as this though this has gone slightly better then expected, with the markets absorbing almost 1.25bn of debt, virtually the total amount planned....

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Eurozone worries continue to dominate forex markets

Worries over the Euro remained the focus of attention once again in global forex markets today, with Portugal and Belgium remaining centre stage. Overnight, we saw some interesting price action on the euro denominated pairs, as both the Chinese and Japanese suggested they would be...

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Forex markets muted in today’s trading

A quiet day of trading for the global forex markets today, as a lack of real news, coupled with the ongoing problems in Europe combed to focus attention on deeper structural issues, rather than any intra day news items. Even a speech by ECB president...

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