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Forex Trading News Archive10-Mar-2010
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 . The nimble Momentum2 trading strategy latched on to clear shifts in forex sentiment and went short the British Pound and Euro against the US Dollar?clearly benefiting from Friday?s impressive ... Forex: GBP/USD tests 1.5900 on recovery path (The Forex Market) Fxstreet.com (Barcelona) - After rebounding strongly from the 1.5800 support level, the Cable has rising more than 100 pips in the last hour to reach levels above 1.5900. Currently the pair is trading around 1.5905/15 in its recovery path, but yet 0.40% below today's opening price action. 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: NZD/USD falls 1.60% on the day to post 1.6153, fresh 1-week low (The Forex Market) FXstreet.com (Barcelona) - The kiwi has been depreciated 1.60% against the Greenback so far today from the 0.6270 opening price action to reach 1.6153 1-week low. Currently the pair is trading slightly higher around 1.6170/80. 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. 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 ...
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