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  1. eur/gbp to collapse soon

    by , 01-22-2013 at 02:55 PM
    Euro has been rising for months against British pound. It was an expansion in the form of waves. Every bullish wave was followed by a bearish wave. However, we always saw higher highs and higher lows, which was a clear indication of an uptrend. However, the last wave up was very strong with minimum sideways action and very miserable retracements (counter trend moves). It was also fast. Just look at your daily chart to see this. The move is overextended and there has to be a correction.

    In my opinion tomorrow’s data (BOE minutes) can influence the collapse in eur/gbp and form another bearish wave. I do not rule the possibility that this bearish move can also end the uptrend in the pair. I also believe it can be very sharp. The ...
    Tags: eur/gbp, euro, pound
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  2. News in 60 Seconds: New Zealand raises interest rates; Rates stay same in EUR & GBP!

    by , 06-10-2010 at 09:37 AM (News in 60 Seconds)
    Biggest % gainers: This is where the momentum is this morning! NZD/JPY up 2.79%, NZD/USD up 2.74%, AUD/JPY up 2.34%, AUD/USD up 2.30%, CAD/JPY on commodity dollar strength after New Zealand raised interest rates last night by a 1/4 point. JPY and USD are diving

    Biggest % losers: EUR/NZD down 1.60%, GBP/AUD down 1.54%, EUR/AUD, USD/CAD on commodity dollar strength.

    AUD employment improved overnight & NZD raised interest rates to 2.75% as expected.

    Meanwhile the BOE & ECB both held interest rates unchanged as expected.

    EUR ECB Press Conference (Trichet speaking) at 8:30am EST today.

    CAD Trade Balance worse at 0.2B vs. 0.7B expected. Last time was revised lower ...
  3. News in 60 Seconds: Bank of Canada raises interest rates to 0.50%!

    by , 06-01-2010 at 09:35 AM (News in 60 Seconds)
    Bank of Canada raises interest rates 1/4 point to 0.50%! BOC will carefully weigh further hikes against domestic and global economic developments.

    Australia held interest rates steady at 4.50% but hinted at the possibility of another rate increase. http://www.dailyfx.com/forex/fundame..._Rates_at.html

    Biggest % gainers: GBP/AUD up 2.01%, GBP/CHF up 1.29%, USD/TRY, USD/SGD, USD/ZAR...GBP strong this morning and the USD is strong especially vs. the exotics this morning.

    Biggest % losers: EUR/GBP down 1.52%, AUD/JPY down 1.50%, AUD/USD down 1.33% on GBP strength and AUD weakness.

    S&P revises Brussels ...
  4. FOREX VIDEO | New York Session Review | May 11, 2010

    by , 05-12-2010 at 01:57 PM (FX Bootcamp Blog - Video FOREX Trade Journal)
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