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Candlestick Daily: EUR/USD Hanging Near Stop, 1.2650 Next Support if Broken

Thu, 17 May 2012 11:56:09 +0000

CURRENCY	CURRENT BIAS	POTENTIAL STRATEGY
EUR/USD (Short Term)		Trade in progress: Long EUR/USD from 1.2744, stop at 1.2679, target at 1.2810. See full report for more details.
GBP/USD (Short Term)		Dropping sharply, looking for brief bounces toward 1.5900 as selling opportunities.
USD/JPY (Short Term)		Consolidating near the top of the recent 79.55-80.40 range. See full report for more details.
USD/CHF (Short Term)		Testing Monthly R3 pivot resistance at .9463, break above to signal move toward .9500 or higher
USD/CAD (Short Term)		Rally continues, room up to Monthly R2 pivot at 1.0163.
AUD/USD (Short Term)		Consolidating just above .9900 round handle, watching for rally or drop beyond yesterday’s range to signal next move.
NZD/USD (Short Term)		Passing time near .7650, watching for rally or drop beyond yesterday’s range to signal next move.

Commentary from Brad Gareiss and Matt Weller, Technical Analysts, GFT
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UK Labor Markets Resilient

Thu, 17 May 2012 03:30:27 +0000

UK unemployment surprised to the upside with claimant count dropping by -13,700 versus forecasts of 4,900 gain. The unemployment rate dropped to 8.2% from 8.3% the month prior. This was the fastest pace of job growth in nine months indicating that UK labor markets remain relatively buoyant despite broader economic slowdown in UK.

Commentary from Kathy Lien & Boris Schlossberg, Directors of Research, GFT
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Euro breakup would traumatize U.S.-Fed’s Bullard

Wed, 16 May 2012 19:08:46 +0000

LOUISVILLE, Ky., May 16 (Reuters) – While a breakup of the
euro zone would be devastating for the United States and for the
world economy, the appeal of trade and currency ties will hold
the currency…

Reuters: US Dollar Report
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Is EUR/USD Prime For Short Covering Rally?

Wed, 16 May 2012 10:41:36 +0000

The selloff in risk FX continued in overnight European trade with EUR/USD plumbing fresh lows below the 1.2700 figure while cable dropped through the 1.5900 barrier in the wake of a dovish BOE inflation report. In Europe, authorities continued to navigate the Greek crisis with German Chancellor Angela Merkel reaffirming her support for Greece to remain within the monetary union, but fears of a run on Greek banks kept markets on the edge and the pair remained under pressure for most of the night after making several weak attempts at a rebound.

Commentary from Kathy Lien & Boris Schlossberg, Directors of Research, GFT
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CAD/JPY Long Opportunity at 78.48

Wed, 16 May 2012 02:17:51 +0000

A number of factors suggest that the CAD/JPY could rally at 78.48.

Commentary from Brad Gareiss and Matt Weller, Technical Analysts, GFT
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EMERGING MARKETS-Latam currencies fall on Greece, real tests 2/dlr

Tue, 15 May 2012 17:53:58 +0000

SAO PAULO, May 14 (Reuters) – Latin American currencies
weakened on Tuesday, Brazil’s real testing 2 per dollar for the
second straight session, as Greece headed to new elections that
could harden…

Reuters: US Dollar Report
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INTRA-DAY GBP/USD OUTLOOK

Tue, 15 May 2012 09:30:28 +0000

INTRA-DAY GBP/USD OUTLOOK Although cable’s present retreat after staginga minor recovery fm Asian low at 1.6087 to 1.6114suggests choppy trading inside y’day’s range of 1.6051-1.6124 is seen, below 1.6087 is needed to bringpossible re-test of said lower lvl later. Stand aside n hold short for day trade as onlyabv 1.6124/30 wud signal a temp. low made, 1.6143. Range Forecast1.6085 / 1.6124 Resistance/SupportR: 1.6124/1.6143/1.6181S: 1.6087/1.6051/1.6036 Last Update

FXstreet.com: Technical: Forex Signals
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Friday was a surprisingly range bound day

Tue, 15 May 2012 01:04:37 +0000

S&P 500 (Jun 12) INTRADAY Review We had another short strategy on Friday looking to play the top of the week’s range. The strategy idea was spot on although our entry level in the end was too aggressive as the S&P moved up through 1355.50 following the best University of Michigan consumer sentiment data release in 4.5 years. The bullish reaction saw a break up above our entry but our stop level just about remained intact as the high opf the day was put in place just two ticks below our

FXstreet.com: Technical: Forex Signals
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FOREX-Euro slips to near 4-month trough on Greece

Mon, 14 May 2012 16:49:25 +0000

* Euro falls, approaches 4-month low vs dollar
* Political risk factors undermining euro
* Aussie dips below parity vs USD, hits 5-month low

NEW YORK, May 14 (Reuters) – The euro…

Reuters: US Dollar Report
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Classic Technicals: The Week Ahead, May 14 – 19 2012

Mon, 14 May 2012 08:20:16 +0000

A weekly preview into what this week’s price action might bring for 7 major currency pairs

Commentary from Brad Gareiss and Matt Weller, Technical Analysts, GFT
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