Empire State Manufacturing Index rose above the forecast and it reached its highest level (34.6) in about five years.
The data was announced today and the price EUR/USD went down with about 28 pips within 20 minutes. The next release of that data will be announced again in the middle of the next month.
Friday, 16 October 2009
TIC Long-Term Purchases was negative for USD:
The TIC Long-Term Purchases data pulled the American currency down a bit with about 15 pips.
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Forex Trading News
Thursday, 15 October 2009
EUR/USD in uptrend position:
EUR/USD current price 1.4951 and I expect the currency pair will reach 1.5000 at some point today. Fears of US inflation is putting pressure on the American dollar.
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Forex Trading News
EUR/USD current price 1.4935
The currency pair has risen from 1.4840 up to 1.4935 and I assume that the resistance is located at 1.4940
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Forex Trading News
Claimant Count Change positive for GBP:
The number of people claiming benefits due to unemployment has risen again but the rate of the increase has slowed the data indicated today. The news pushed the British currency to rise from the price of 1.5940 up to 1.6000 (profit of 60 pips) within minutes after the data was released.
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Forex Trading News
Wednesday, 14 October 2009
EUR/USD is rising:
Current price EUR/USD 1.4883 and the price is expected to rise up to about 1.4950.
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Forex Trading News
Tuesday, 13 October 2009
EUR/USD today:
Resistance level is located around 1.4800. Current price EUR/USD 1.4779. The currency may rise with some profitable pips today after the release of German ZEW Economic Sentiment data. Above 0.0 indicates optimism and the forecast is 58.6, on the other hand EUR/USD may take downturn to about 1.4750
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Forex Trading News
Escape from the US Dollar began.
According to data from Barclays Capital in the third quarter, central banks have turned 63% of foreign exchange reserves in yen and euros, which is a unique record. The news may be a sign of another price drop of the American currency in the near future.
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Forex Trading News
Monday, 12 October 2009
Support and resistance for EUR/USD today.
| S3 | S2 | S1 | R1 | R2 | R3 |
| 1.4620 | 1.4660 | 1.4703 | 1.4711 | 1.4740 | 1.4780 |
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Forex Trading News
Sunday, 11 October 2009
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