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Ugly US Housing Data No Big Deal

By admin on 17/06/2010

The zany action in risk markets continued, with yesterday’s big rally in risk on no real catalyst yielding to a sell-off in risk on no new catalyst before the US opened strongly despite ugly housing data. This leads us to believe that short term movements are paying little attention to Read More Ugly US Housing [...]

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No data but speeches

By admin on 24/03/2010

During gap time before US session downward stop hunts are seen ,indicating possible rise during early US session – then 15;30 GMT

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GBP USD Holds Support at 166, and no Bargains Today

By admin on 14/11/2009

Howdy Folks,
Our currency of choice, GBP/USD, seems determined to make a run at previous resistance around $1.70. Today’s price action poked $1.66 and found enough demand to drive prices above $1.67 again. The immediate price trend as measured by my trusty HMA appears to be intact and poised to move higher, but entering now is [...]

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