Speculative investors trimmed long USD positions in a week which saw the narrow dollar index dipping back below the 80 level. The EUR remained under pressure and speculative short positions were added after EUR/USD reached a new year low of 1.3436 on 2 March.
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IMM Positioning - Long CAD Positions Building
Posted by fxbeginer 135 days ago (http://www.actionforex.com)Honest Corruption
Posted by fxbeginer 136 days ago (http://www.actionforex.com)
The Federal Reserve has paid a yearlong bribe to the housing market to keep mortgage rates almost a full point below average. The $1.25 trillion payoff also known as the Mortgage Backed Security purchase program is about to end. Will the mortgage market stay bought? Honest corruption is when a...
GBPUSD: Corrective Recovery Remains On Course
Posted by fxbeginer 136 days ago (http://www.actionforex.com)
: With our corrective recovery views panning out and pushing the pair from its intra day low at 1.4871(Mar 1010) to close marginally higher last week, risk of further upside gains is likely. On the back of its current strength, we had earlier noted hammer candle formations (bottom reversal signal)...
EURUSD: Triggers Corrective Recovery, Eyes The 1.3787/1.3838 Levels
Posted by fxbeginer 136 days ago (http://www.actionforex.com)
EUR having decisively broken and held above its Mar 0310 high at 1.3735 has cleared the way for a move higher towards the 1.3787 level, its Feb 1710 high. A clean penetration and negation of that level will leave the pair targeting its bigger resistance located at the 1.3838 level,...
Weekly Focus: Global Recovery on Track
Posted by fxbeginer 137 days ago (http://www.actionforex.com)
Our expectation that markets would become more volatile in 2010 has so far proven correct. After the biggest correction in the stock market since equities bottomed in early 2009, stocks have recovered to recent highs again. Two main factors seem to explain this development. First, the Greek crisis has moved...
China: In No Hurry to Adjust Exchange Rates
Posted by fxbeginer 138 days ago (http://www.actionforex.com)
Although there is still strong domestic resistance to the austerity measures in Greece, financial markets are starting to view the situation in a more relaxed light. This is probably partly thanks to prime minister George Papandreou's goodwill tour to the US, and partly as a result of the proposal to...
Weekly Technical Update: Forex Market in Broad Test of Consolidation
Posted by fxbeginer 138 days ago (http://www.actionforex.com)
This was basically a week of continuing consolidation, except for the USD/CAD which is looking seriously at the parity scenario. The coming weeks may be crucial as the markets test important powerlines. We have short-term consolidations/corrections in pairs such as EUR/USD, GBP/USD, EUR/GBP, and GBP/JPY. But we are also testing...
UK RICS and BRC Surveys May Show a Thaw in Economic Activity
Posted by fxbeginer 142 days ago (http://www.actionforex.com)
The British may be obsessed with the weather, but unusually cold conditions in January certainly affected some highfrequency economic indicators, weighing on UK retail sales and mortgage approvals. However, the arctic weather is likely to have supported January industrial production, due this week, via a boost to utilities output, while...
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