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The pair continues to hold above its longer-term rising trendline, though cautiously, as momentum is building up slowly.
12/03/09 - 09:13 AM EST
GBP-USD: Has Some Technical Work to Do
A break and hold above the 1.6744 level, its Nov 25. high, and the 1.6875 level, its Nov. 16 high, would provide further proof that its decline has ended.
12/02/09 - 10:11 AM EST
Sideways Forex Action Ahead of U.S. Open
The pound and yen were the only two major pairs that moved throughout the overnight session Wednesday, while other currencies traded flat.
12/02/09 - 07:36 AM EST
The U.S. dollar continues to lose against commodities and equities.
12/01/09 - 04:44 PM EST
EUR-JPY: Eyes Further Recovery
Though recovering, as long as the cross trades below its invalidated triangle pattern, broader bias is to the downside.
12/01/09 - 10:01 AM EST
Forex Pairs Advance; Dollar Index Falls
Positive equity and commodity markets gave a boost Tuesday to the major forex pairs, sending the dollar index down to test the 74.50 area.
12/01/09 - 07:04 AM EST
Forex: Aussie Rate Decision on Tap
The expectations are for an increase in rates from 3.50% to 3.75%.
11/30/09 - 05:55 PM EST
There could be a bullish trend in the dollar index if the market breaks through the upper mid-level resistance.
11/30/09 - 12:34 PM EST
The pair was seen extending its Friday strength off its longer-term trendline today, challenging the 1.5062 level, its Oct. 26 high.
11/30/09 - 09:39 AM EST
Currencies Trade in Sideways Pattern
Foreign exchange trading moved sideways Monday as financial markets were mixed.
11/30/09 - 07:03 AM EST
The pair should begin moving higher again after the daily chart reveals a signal of a reversal.
11/29/09 - 10:46 AM EST
USD-JPY: Further Weakness Seen
The currency pair appears headed for more declines after closing below a crucial support level.
11/28/09 - 10:24 AM EST
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