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Forex Trading News Archive06-Mar-2010
Fxstreet.com (Barcelona) - The EUR/USD is continuing with its fast decline in the European session from 1.4000 in the Asian session to break 1.3930, falls below 1.3850 and reach 1.3800 as 1-week low. The pair is trading 1.10% below today's opening price, falling towards levels close to 1.3800. Forex Strategy Outlook: Systems Latch on to US Dollar Reversal (Daily FX via Yahoo! Finance) A strong reversal in the US Dollar has led several of our strategies to go long the US currency, and a continued dollar rally could allow for further gains in many of our favored forex trading signals. Forex Market Update: U.S. Dollar Mixed, British Pound Continues to Fall as Political Tensions Linger (Daily FX) The USD briefly extended Friday's gains in Asian trading against some currencies, successfully sending EUR/USD to 1.3928 and Kiwi to lows of 0.6240 and USD/CAD to 1.1206. GBP/USD, weighed down by ongoing political woes in the wake of the rejection of the Labour party in the weekend's European elections, extended losses to 1.5927. AUD/USD managed to hold above Friday's lows of 0.7920 with USD/JPY ... Forex: USD/CAD rises to test 1.1250 after rebounding from 1.1175 (The Forex Market) FXstreet.com (Barcelona) - After rebounding at 1.1175, coming from its 125 pips declines from 1.1290, fresh 1-week high, the USD/CAD has risen around 75 pips to test 1.1250 levels in the American session. Currently the pair is trading around 1.1225/35, 0.35% above today's opening price action. Forex Markets See Trading Ranges Narrow as Traders Brace for US Jobs Report (Euro Open) (Daily FX) The forex market saw trading ranges narrow dramatically in the overnight session as traders looked ahead to the looming event risk of May?s US Non Farm Payrolls report to guide directional momentum. Switzerland?s Consumer Price Index and UK Producer Prices are on tap in European hours.
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