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US Dollar (USD)
The FOMC statement has taken by surprise by indicating that the growth is weaker than expected. But the end of quantitative easing gave some stability to USD. Though Fed Chariman Ben Bernake didn’t say there wouldn’t be one more round of easing. The reports to look forward today are Unemployment claims and New [...]
Archive for the ‘Forex trading news’ Category
A quick view on forex news.
June 23rd, 2011 
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Forex trading news
June 22nd, 2011 admin Tweet
Euro (Eur)
The report which was release today with regards to German ZEW survey it turned out to be bad. It came out at -9 as compared to forecasted -3. Further the Euro-zone economic sentiment survey was at the -5.9 mark viz-a-viz the expected level was 6.1. The levels to look at for EUR / USD [...]
Quick Forex Update
June 14th, 2011 admin Tweet
EUR/USD continues to show bearish trend. The next support level for this pair is 1.4300 and resistance level is 1.4650. If this pair breaks the resistance then there are quiet good chances of this pair reaching 1.4800.
GBP/USD is trying its best to go pass 1.6550 levels. It’s the level of resistance once broken this pair [...]
