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Dollar limitation Continues for the Week

Dollar limitation Continues for the Week 2011-01-12 10:32:16     The euro came off its New Year's low following a rise in equities and a decision by Japan to buy European bonds that were being purchased as part of the European Financial Stability Facility. Spot crude oil prices finished the day above $90 after strong bids were noted for the commodity. Economic News________________________________________USD - Greenback Weakens...

Daily Forex Signals and Predictions for Jan 12, 2011

Daily Forex Signals and Predictions for Jan 12, 2011 2011-01-12 05:06:45     This week is really hard to predict, and market is more likely to move zig zag and unpredictable.EUR/USDMay be still want to go up to around 1.30 or 1.3050, and after that, it might have potentially to go down to around 1.2950.(Current Price: 1.2975)GBP/USDMay be it is more likely to go up to around 1.5650 or higher, and after that, it might...

Quick update on technical, fundamentals and community trends.

Quick update on technical, fundamentals and community trends 2011-01-11 07:59:16       EUR/USD Technical: Asian session: Narrow range between 1.2920 and 1.2970.     Further levels in both directions: Below 1.2920, 1.28, 1.2722, and 1.2587. Above 1.2970, 1.3080, 1.3180, 1.3267, 1.3334, 1.3440, 1.3576, 1.37, 1.3786, 1.3950 and 1.4030. 1.2970 was the lowest level in 4 months, and now serves as resistance. Significant support is only at 1.2722. Euro/Dollar in range- click to enlarge graph EUR/USD Fundamentals - 13:30 US FOMC...

Daily Forex Signals and Prediction for Jan 11, 2011

Daily Forex Signals and Prediction for Jan 11, 2011 2011-01-11 05:56:57     EUR/USD:It is hard to predict, may be it is more likely to go up to around 1.30 or higher, and after that, it might have potentially to go down to around 1.2960.(Current Price: 1.2952)GBP/USD:It is more likely to go up to around 1.56 or 1.5640, and after that, it might have potential to go down to around 1.5550.(Current Price: 1.5583)AUD/USD:It...

Fall Continues Amid Fresh Concerns

Fall Continues Amid Fresh Concerns 2011-01-10 10:53:44   EUR/USD began the week lower, with a Sunday gap, and makes its way to lower ground. A bailout for Portugal is the main issue. Where will it stop? Here’s a quick update on technical’s, fundamentals and community trends. EUR/USD Technical’s Asian session: Ranged between 1.2870 to 1.2920 – around the previous close Current Range between 1.28 to 1.2970 Further levels in both directions: Below 1.28, 1.2722, and 1.2587. Above 1.2970,...

Dollar Rallies vs. Euro as Unemployment Rate Drops To 9.4%

Dollar Rallies vs. Euro as Unemployment Rate Drops To 9.4% 2011-01-10 08:04:45     The dollar continued its rally against the euro on Friday, despite the weaker-than-expected increase in hiring in the month of December, reflected in the Non-Farm Payrolls data. The dollar strengthened as the U.S. Unemployment Rate has dropped to 9.4%, its lowest level since August in the year of 2009. ...

Euro fall down to 4-month low despite weaker-than-predicted U.S. payrolls report

Euro fall down to 4-month low despite weaker-than-predicted U.S. payrolls report   On Friday, The single currency fell broadly as new euro zone ruler risk pressured the euro. Although EUR/USD managed to stage a strong recover to 1.3020 from 1.2945 after release of weaker-than-expected in the month of December U.S. non-farm payroll data, the pair swiftly dropped again in New York as U.S. unemployment rate unexpectedly fell to its lowest level in 19 months, offsetting initial disappointment...

Daily Forex Signals and Predictions for Jan 10, 2011

Daily Forex Signals and Predictions for Jan 10, 2011     EUR/USD After from around 1.2870 or lower, then it is more likely to go up to around 1.2950, and after that, it might have potentially to go down to below 1.29(Current Price: 1.2905) GBP/USD It is more likely to go up to around 1.5570 or 1.56, and after that, it might have potentially to go down to around 1.55.(Current Price: 1.5544) AUD/USD It is more likely to go up...

EUR/USD Jan. 7 – On the Edge

EUR/USD Jan. 7 – On the Edge     EUR/USD lost more support and is now hovering just above levels last seen 4 months ago. With Non-Farm Payrolls (and other releases), we’re up for a grand finale for the week. Here’s a quick update on technical, fundamentals and community trends.EUR/USD Technical:§ Asian session: Narrow range between 1.2970 and 1.3025.§ Current Range between 1.2970 and 1.3080§ Further levels in both directions: Below 1.2970, 1.2920, 1.2722,...

Experts comment: Vietnam should set foreign currency saving rate ceiling

Experts comment: Vietnam should set foreign currency saving rate ceiling     Difference between foreign currency and dong deposit rates is still too low to attract idle capital from the population, the Dau tu Chung khoan newspaper reported on January 6, citing the opinion of Le Xuan Nghia, vice Chair of National Financial Supervisory Commission.Nghia said that the reason why the dong savings rates have increased recently is partly due to the negative impact from exchange rates...
 
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