Currencies

  • Davos: Currency Wars Rage, US Losing

    Davos: Currency Wars Rage, US Losing

    Davos: Currency Wars Rage, US Losing Friday at Davos US  hedge fund manager Ray Dalio noted that talk of purposeful currency devaluation to make up for an economy's inefficiency, the engine of currency wars is a "conversation that is not polite to have." World leaders are now feeling  comfortable talking openly of their plans to drive down ...
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  • Obama Administration Thinks Strong USD Is Good For The World

    Obama Administration Thinks Strong USD Is Good For The World

    Obama Administration Thinks Strong USD Is Good For The World US Treasury Secretary Jack Lew said a strong USD is good for America and that the strength of the US economy relative to other parts of the world was driving movements in currency markets. "The strong dollar, as all of my predecessors have joined me ...
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  • US Treasuries Up, US Dollar Up

    US Treasuries Up, US Dollar Up

    US Treasuries Up, US Dollar Up 10-Yr: +15/32..1.818%.. USD/JPY: 117.85.. EUR/USD:1.1260 Afternoon Update US Treasury Complex 2Y +01/32 at 100 07/32 3Y +02/32 at 100 00/32 5Y +07/32 at 101 12/32 7Y +10/32 at 103 08/32 10Y +15/32 at 103 26/32 30Y +1 05/32 at 112 27/32   US Dollar Index EUR/USD -105 pips at ...
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  • USDCNY Trading Update

    USDCNY Trading Update

    China's use of its own yuan currency for cross-border transactions has increased "notably'' to 9.95 trillion yuan last year, the central bank said Friday, without giving a comparative figure. China is seeking to make the yuan -- also known as the renminbi -- used more internationally in line with its standing as the world's second-largest ...
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  • Bad Loans and China

    Bad Loans and China

    The non-performing loan ratio of China's commercial banks rose to 1.29 percent in the fourth quarter last year, a level not seen since the second quarter of 2010, official data showed on Friday. The ratio was up from 1.16 percent at the end of September, the China Banking Regulatory Commission said. Commercial banks' bad debt ...
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  • HEFFX Daily FX Alerts $Oil, $GC_F, $EURUSD, $GBPUSD, $USDCAD, $USDJPY, $AUDUSD, $USDCHF

    HEFFX Daily FX Alerts $Oil, $GC_F, $EURUSD, $GBPUSD, $USDCAD, $USDJPY, $AUDUSD, $USDCHF

    Crude Oil (NYMEX) (H5) Intraday: key resistance at 49.1. Pivot: 49.1Our preference: Short positions below 49.1 with targets @ 45.6 & 44.75 in extension.Alternative scenario: Above 49.1 look for further upside with 50.8 & 51.3 as targets.Comment: As long as 49.1 is resistance, likely decline to 45.6. Opinion published is an intraday view. Green Lines ...
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  • Forex Technical Analysis: EUR, JPY, CHF, GBP

    Forex Technical Analysis: EUR, JPY, CHF, GBP

    Forex Technical Analysis: EUR, JPY, CHF, GBP Euro EUR closed sharply lower Thursday. The low range close set the stage for a steady to lower open Friday. Stochastics and the RSI are turning Neutral to Bearish telling that a short term top might be in or close. Closes below the 20-Day MA crossing will confirm ...
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  • The Currency Wars Are Raging

    The Currency Wars Are Raging

    The Currency Wars Are Raging One of the world's top economists is concerned about the state of the global financial system. "We are in a world that is dangerously unanchored," William White, chairman of the Organization for Economic Co-operation and Development (OECD)'s Review Committee, said in an interview. "We are seeing true currency wars, and ...
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  • China Forex Settlement Surplus Narrowed In 2014

    China Forex Settlement Surplus Narrowed In 2014

    China Forex Settlement Surplus Narrowed In 2014 China continued to see a surplus in its foreign exchange settlement in Y 2014, but the volume narrowed significantly, indicating easing capital inflows to the country, official data showed on Thursday. Chinese lenders bought US$1.9-T worth of foreign currency last year and sold US$1.77-T, resulting in a net buy ...
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  • US Dollar Crosses 94.00, US Treasuries Firm

    US Dollar Crosses 94.00, US Treasuries Firm

    US Dollar Crosses 94.00, US Treasuries Firm 10-Yr: -06/32..1.891%.. USD/JPY: 118.25.. EUR/USD: 1.1388 US Dollar Index (.DXY) Crosses 94.00, .DXY trades above 94.00 for the 1st time September 2003. EUR/USD is -230 pips at 1.1380 as trade presses to an 11-yr low following Mario Draghi's introduction of European QE. Thursday's announcement outlined a EUR60-B per month ...
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  • Swiss Currency War Best Option

    Swiss Currency War Best Option

    Switzerland would have had to spend more than 100 billion this month alone if it had continued efforts to hold down the value of its currency, a senior central bank official said Thursday. In a shock move a week ago, the Swiss National Bank scrapped a three-year-effort to keep down the value of the franc, ...
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  • ECB Fails, Prints Money to Delay Collapse

    ECB Fails, Prints Money to Delay Collapse

    Global investors were anxiously awaiting the European Central Bank's first policy meeting of the year Thursday, expecting it to announce a massive bond-buying programme to stimulate the struggling eurozone. Speculation has reached fever pitch that ECB president Mario Draghi will use his most powerful policy tool yet in the battle against deflation in the euro ...
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  • USDPHP Philippines Will Still Grow

    USDPHP Philippines Will Still Grow

    USDPHP Philippines Will Still Grow The Philippines will recover in the coming year as consumers and producers receive a boost from lower fuel prices, freeing up their wallets for other expenses, according to the International Monetary Fund. A new report by multilateral lender showed that the Philippines managed to beat its peers in Southeast Asia, ...
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  • $EURUSD Europe Prints Way to Parity

    $EURUSD Europe Prints Way to Parity

    $EURUSD Europe Prints Way to Parity By September next year, more than 1 trillion euros ($1.14 trillion) will have been printed and the EURUSD will not hold parity with the USD. The EuroCrisis will become a liquidity Trap of Epic Proportions. "The combined monthly purchases of public and private sector securities will amount to 60 ...
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  • HEFFX Daily FX Alerts $Oil, $GC_F, $EURUSD, $GBPUSD, $USDCAD, $USDJPY, $AUDUSD, $USDCHF

    HEFFX Daily FX Alerts $Oil, $GC_F, $EURUSD, $GBPUSD, $USDCAD, $USDJPY, $AUDUSD, $USDCHF

    HEFFX Daily FX Alerts $Oil, $GC_F, $EURUSD, $GBPUSD, $USDCAD, $USDJPY, $AUDUSD, $USDCHF Crude Oil (NYMEX) (H5) Intraday: bullish bias above 46.35. Pivot: 46.35Our preference: Long positions above 46.35 with targets @ 49.2 & 50.8 in extension.Alternative scenario: Below 46.35 look for further downside with 45.6 & 44.75 as targets.Comment: The RSI is bullish and calls ...
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  • Forex Technical Analysis: EUR, JPY, CHF, GBP

    Forex Technical Analysis: EUR, JPY, CHF, GBP

    Forex Technical Analysis: EUR, JPY, CHF, GBP Euro EUR closed higher Wednesday. The low range close sets the stage for a steady to lower open Thursday. Stochastics and the RSI are Neutral to Bearish signalling that sideways to lower prices are possible near term. If the single currency  extends its decline, the monthly support crossing ...
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  • US Treasuries Down, US Dollar Flat

    US Treasuries Down, US Dollar Flat

    US Treasuries Down, US Dollar Flat 10-Yr: -16/32..1.852%.. USD/JPY: 118.00.. EUR/USD: 1.1575 Afternoon Update US Treasury Complex 2Y Unch at 100 06/32 3Y -02/32 at 100 01/32 5Y -06/32 at 101 12/32 7Y -10/32 at 103 04/32 10Y -16/32 at 103 17/32 30Y -1 04/32 at 111 28/32   US Dollar Index (.DXY) EUR/USD +25 ...
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  • German Outlook Dependant on Money Printing

    German Outlook Dependant on Money Printing

    Investment sentiment in Germany hit an 11-month high this month on hopes the European Central Bank is about to roll out its heavy anti-deflation artillery, analysts said on Tuesday.  The widely watched investor confidence index calculated by the ZEW economic institute jumped 13.5 points to 48.4 points in January, its highest level in 11 months, ...
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  • Qatar Economy Stable

    Qatar Economy Stable

    Iraqi Oil Minister Adel Abdul Mahdi predicted Wednesday that world prices would not fall much further after a plunge of nearly 60 percent since June. "Our estimate is that the prices have reached the bottom. It is very difficult to drop lower than this," Abdul Mahdi told a conference in Kuwait. "We do not find ...
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  • HEFFX Daily FX Alerts $Oil, $GC_F, $EURUSD, $GBPUSD, $USDCAD, $USDJPY, $AUDUSD, $USDCHF

    HEFFX Daily FX Alerts $Oil, $GC_F, $EURUSD, $GBPUSD, $USDCAD, $USDJPY, $AUDUSD, $USDCHF

    HEFFX Daily FX Alerts $Oil, $GC_F, $EURUSD, $GBPUSD, $USDCAD, $USDJPY, $AUDUSD, $USDCHF Crude Oil (NYMEX) (H5) Intraday: under pressure. Pivot: 47.7Our preference: Short positions below 47.7 with targets @ 45.9 & 44.75 in extension.Alternative scenario: Above 47.7 look for further upside with 48.25 & 49.2 as targets.Comment: As long as 47.7 is resistance, likely decline ...
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  • Forex Technical Analysis: EUR, JPY, CHF, GBP

    Forex Technical Analysis: EUR, JPY, CHF, GBP

    Forex Technical Analysis: EUR, JPY, CHF, GBPEuro EUR closed lower Tuesday. The mid-range close set the stage for a steady open Wednesday. Stochastics and the RSI are Bearish indicating that sideways to lower prices are possible near term. If the single currency extends the decline off of the Dec high,the  monthly support crossing is the ...
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  • US Treasuries Up, US Dollar Up

    US Treasuries Up, US Dollar Up

    US Treasuries Up, US Dollar Up 10-Yr: +06/32..1.783%.. USD/JPY: 118.70.. EUR/USD:1.1545 Afternoon Update US Treasury Complex  2Y Unch at 100 08/32 3Y -01/32 at 100 06/32 5Y Unch at 101 21/32 7Y +01/32 at 103 19/32 10Y +06/32 at 104 04/32 30Y +27/32 at 112 28/32   US Dollar (.DXY) Index EUR/USD -60 pips at ...
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  • Eqypt in Currency Crisis

    Eqypt in Currency Crisis

    On Monday, the dollar exchange rate in Egypt's banks went up following an auction by the Central Bank of Egypt (CBE) to sell 40m.  The dollar exchange rate increased to EGP 7.28 in the National Bank of Egypt, one of the biggest government-owned Egyptian banks, while the rate at Banque Misr reached EGP 7.28.  By ...
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  • HEFFX USDCHF Update

    HEFFX USDCHF Update

    Following the exceptional market event last week, which created a market move we have not seen in years, we wanted to first of all inform and re-assure our community that HEFFX remained strong during the event, as our compliance and regulatory demands are handled in the highest industry standards. The upcoming days are expected to ...
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  • HEFFX Daily FX Alerts $Oil, $GC_F, $EURUSD, $GBPUSD, $USDCAD, $USDJPY, $AUDUSD, $USDCHF

    HEFFX Daily FX Alerts $Oil, $GC_F, $EURUSD, $GBPUSD, $USDCAD, $USDJPY, $AUDUSD, $USDCHF

    Crude Oil (NYMEX) (G5) Intraday: key resistance at 48.9. Pivot: 48.9 Our preference: Short positions below 48.9 with targets @ 45.95 & 45.05 in extension. Alternative scenario: Above 48.9 look for further upside with 49.65 & 51.4 as targets. Comment: As long as 48.9 is resistance, likely decline to 45.95. Opinion published is an intraday ...
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  • Forex Technical Analysis: EUR, JPY, CHF, GBP

    Forex Technical Analysis: EUR, JPY, CHF, GBP

    Forex Technical Analysis: EUR, JPY, CHF, GBP Euro EUR closed higher Monday. The high range close set the stage for a steady to higher opening Tuesday. Stochastics and the RSI have turned Bearish indicating that sideways to lower prices are possible near term. If the single currency renews the decline, monthly support crossing is the ...
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  • RMB Yuan (CNY) Is Not A Free Floating Currency

    RMB Yuan (CNY) Is Not A Free Floating Currency

    RMB Yuan (CNY) Is Not A Free Floating Currency $CNY The Chinese Yuan (CNY) is not a completely free-floating currency. The People's Bank of China (PBOC) sets a 'central parity rate' for CNY against a basket of world currencies (primarily the USD), and the currency is allowed to oscillate within a 2% band around that ...
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  • Jim Rogers Predicted The SNB's Currency Move

    Jim Rogers Predicted The SNB’s Currency Move

    Jim Rogers Predicted The SNB's Currency Move All Star investor Jim Rogers was not surprised by the Swiss National Bank's (SNB) decision last week to exit its 3-yr-old cap on the Swiss franc (CHF). "I explained carefully and at length that it was coming and why," Mr. Rogers said referring to his book "Street Smarts" written ...
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  • USDJPY Wednesday Key to Trading

    USDJPY Wednesday Key to Trading

    At a two-day rate review ending on Wednesday, the BOJ is set to cut its core consumer inflation for next fiscal year below 1.5 percent from 1.7 percent projected in October, sources familiar with the bank's thinking said. With the BOJ's massive purchases already pushing yields into negative territory, many board members want to hold ...
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  • Money Flees Russia

    Money Flees Russia

    Net capital outflows from Russia more than doubled in 2014 to 151.5 billion, prompted by the Ukraine crisis and the plunging value of the ruble, according to statistics from the central bank. Russia in 2013 had already seen its high level of capital flight, a recurring problem for the country, reach 61 billion.  In early ...
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  • Russian Economy in Freefall

    Russian Economy in Freefall

    Russia's battered economy will shrink by a far worse-than-expected 4.8 percent this year, as plunging oil prices add to fallout from the Ukraine crisis, the EBRD development bank forecast Monday. The London-based European Bank for Reconstruction and Development sharply revised its September prediction for a 0.2-percent contraction for the economy of key oil producer Russia ...
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  • FX, USDCHF and Why HEFFX is the Best Choice

    FX, USDCHF and Why HEFFX is the Best Choice

    FX, USDCHF and Why HEFFX is the Best Choice The fallout from the Swiss National Bank’s decision to withdraw its cap on Euro-Swiss Franc trading took many in the industry by surprise. Indeed, a number of retail forex and CFD brokers suffered severe losses as a result of the volatility that followed. We are pleased ...
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  • HEFFX Daily FX Alerts $Oil, $GC_F, $EURUSD, $GBPUSD, $USDCAD, $USDJPY, $AUDUSD, $USDCHF

    HEFFX Daily FX Alerts $Oil, $GC_F, $EURUSD, $GBPUSD, $USDCAD, $USDJPY, $AUDUSD, $USDCHF

    Crude Oil (NYMEX) (G5) Intraday: key resistance at 48.9. Pivot: 48.9Our preference: Short positions below 48.9 with targets @ 45.95 & 45.05 in extension.Alternative scenario: Above 48.9 look for further upside with 49.65 & 51.4 as targets.Comment: As long as 48.9 is resistance, likely decline to 45.95. Opinion published is an intraday view. Green Lines ...
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  • A Currency War Is Raging

    A Currency War Is Raging

    A Currency War Is Raging The Swiss National Bank's decision to end its 3 yr-old ceiling on the Swiss franc (CHF) merely intensified the global currency war that has been simmering for more than a year. "Clearly, the global currency war continues to rage no matter what central bankers tell us," Dean Popplewell, chief currency ...
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  • Forex Technical Analysis: EUR, GBP, JPY, CHF

    Forex Technical Analysis: EUR, GBP, JPY, CHF

    Forex Technical Analysis: EUR, JPY, CHF, GBP Support/Resistance/Recommendations EUR/USD EUR/USD continues moving to the Southside and is trading around 1.1625, and stabilizing below it favors extending the Southside move in the coming period and triggers a new Bearish wave, where the pair will move below the descending channel showing on chart below. Trading below 1.1700 ...
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  • USDSGD Outlook

    USDSGD Outlook

    FOREX SGD= closed unchanged at 1.326. Volume was 100% below average (consolidating) and Bollinger Bands were 17% narrower than normal. Open High Low Close Volume___ 1.326 1.326 1.326 1.326 3 Technical Outlook Short Term: Neutral Intermediate Term: Bullish Long Term: Bullish Moving Averages: 10-period 50-period 200-period Close: 1.33 1.32 1.27 Volatility: 5 6 5 Volume: ...
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  • FX News: Emerging Markets Key Events

    FX News: Emerging Markets Key Events

    FX News: Emerging Markets Key Events ECONOMIC EVENTS SATURDAY, JANUARY 17 MEXICO CITY - Central Bank of Mexico to release the minutes of December policy meeting - 1500 GMT. MONDAY, JANUARY 19 DUBLIN - The Central Bank of Ireland, Centre for Economic Policy Research (CEPR) and International Monetary Fund (IMF) are organizing a conference on ...
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  • Russian Economic Update

    Russian Economic Update

    For shoppers like pensioner Tatiana Ivanovna buying their weekly groceries in a Moscow supermarket, these are increasingly tough times. Fuelled by a double whammy of a plummeting ruble and the embargoes Russia slapped on many Western products in retaliation for sanctions over the Ukraine crisis, inflation is soaring.  Prices on meat, fish and vegetables rose ...
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  • USDPHP Philippines Economic Update

    USDPHP Philippines Economic Update

    USDPHP Philippines Economic Update The amount borrowed by the government last November from local and foreign lenders totaled P33.704 billion, the biggest in four months, latest data from the Bureau of the Treasury showed. On a year-on-year comparison, it exceeded by 6.9 percent the P31.521 billion borrowed by the government in the same month in ...
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  • EURUSD Parity Certain as EU Prints Money

    EURUSD Parity Certain as EU Prints Money

    EURUSD Parity Certain as EU Prints Money The EU top court's adviser and the Swiss National Bank have smoothed the way for quantitative easing (QE), or printing money, but fierce opposition from Germany's central bank, politicians and public may yet shackle the ECB. At issue is no longer whether the bank buys sovereign bonds, which ...
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  • USDCHF Economic Ramifications

    USDCHF Economic Ramifications

    Historically neutral Switzerland's foray into the global currency war ended in defeat this past week after its central bank left markets shell-shocked by abandoning the franc's exchange rate floor, analysts said. But with major shifts in monetary policy under way, the currency war is hardly over and the front lines will move to other countries. ...
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  • China Economic Slowdown

    China Economic Slowdown

    China's annual GDP growth slowed to its weakest rate in more than two decades in 2014, according to an AFP survey, projecting further deceleration in the world's second-largest economy this year. The median forecast in a poll of 15 economists saw the Asian giant's gross domestic product (GDP) expanding 7.3 percent last year, down from ...
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  • Swiss National Bank's Currency Move Is 'Brave'

    Swiss National Bank’s Currency Move Is ‘Brave’

    Swiss National Bank's Currency Move Is 'Brave' The Big Q: Is Thomas Jordan is a hero or a villain? The Big A: Participants are tilting to the latter. While the Swiss National Bank president said his decision to remove the cap its currency  was necessary, the question traders ask: Why now? “Why not over the ...
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  • SNB's Currency Move Impacts Global Financial Markets +

    SNB’s Currency Move Impacts Global Financial Markets +

    SNB's Currency Move Impacts Global Financial Markets + $NVS, $MCD The Swiss National Bank's (SNB) decision Thursday to drop its 3-yr cap for CHF Vs EUR had its biggest impact on global financial markets.pri Also, there are effects on American markets. The USD has dropped 15% against the "Suisse" since the central bank's move to ...
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  • FX News: The New Cuban Peso

    FX News: The New Cuban Peso

    -Cuba's central bank announced Thursday it would issue new currency beginning in next month, as it prepares for an overhaul of its economy and normalized relations with the United States. The Bank of Cuba said that beginning February 1, there would be new 200-, 500-, and 1000-peso bills. Until now, the largest denominated bill has ...
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  • EURUSD Heads to Parity - HEFFX

    EURUSD Heads to Parity – HEFFX

    EURUSD Heads to Parity HEFFX are looking to see parity in the EURUSD in 2015. The European Central Bank will introduce quantitative easing next week but in a manner that shares risks among all eurozone nations, following concerns from Germany, the Financial Times reported Saturday. The ECB holds its first policy meeting of the year ...
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  • USDCHF Swiss Franc Move Shock Waves Continue

    USDCHF Swiss Franc Move Shock Waves Continue

    Switzerland's central bank came under fire at home and abroad yesterday after scrapping its bid to stop the franc rising, which wreaked havoc on global markets and bankrupted several foreign exchange traders. A brokerage firm in Britain and another in New Zealand declared insolvency while at home in Switzerland, exporters warned that they too could ...
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  • EURUSD Europe on Terrorism High Alert

    EURUSD Europe on Terrorism High Alert

    EURUSD Europe on Terrorism High Alert Belgium was on high alert Friday after two suspected jihadists were killed in a police raid, while German and French police made fresh arrests to put Europe on edge a week after the Islamist attacks in Paris. The series of raids across the continent highlighted fears about young Europeans ...
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  • FXCM, Alpari FX Scandal Continues, HEFFX Offers a Help Line

    FXCM, Alpari FX Scandal Continues, HEFFX Offers a Help Line

    FXCM, Alpari FX Scandal Continues, HEFFX Offers a Help Line There is turmoil is some of the world's biggest FX Brokers, some have collapsed others are hanging on with toxic debt deals. If you have concerns about your FX positions Contact Us, Our free help line has been established to take the panic out of ...
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  • Forex News: FX Contests Coming to HEFFX

    Forex News: FX Contests Coming to HEFFX

    Forex News: FX Contests Coming to HEFFX Want to get the latest mews on the best Forex trading competitions, then sign up by April 1 HEFFX and LTN will be the undisputed center of Forex Trading Competitions. Daily, Weekly, Monthly and Annual Challenges will be on offer as well as some of the biggest competitions ...
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  • FXCM, Alpari, Where to now for Forex?

    FXCM, Alpari, Where to now for Forex?

    FXCM, Alpari, Where to now for Forex? by Bill Hoerter of Trading Street                    January 16, 2015 This article is for two kinds of readers: the sophisticated trader/investor who understands capital investment globally, as well as the trading hobbyist. Arguably the most important event in the foreign exchange marketplace in the past 20 years has taken place ...
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  • US Treasuries Down, US Dollar Up

    US Treasuries Down, US Dollar Up

    US Treasuries Down, US Dollar Up 10-Yr: -1 01/32..1.817%.. USD/JPY: 117.55.. EUR/USD:1.1540 Afternoon Update US Treasury Complex 2Y -03/32 at 100 09/32 3Y -08/32 at 100 05/32 5Y -18/32 at 101 19/32 7Y -27/32 at 103 12/32 10Y -1 01/32 at 103 24/32 30Y - 1 30/32 at 111 15/32   US Dollar Index EUR/USD ...
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  • Ruble Collapse Starts to Impact Economy

    Ruble Collapse Starts to Impact Economy

    Auto sales in Russia are expected to register a decline by 24 percent during the January-March period of 2015 as the economic crisis continues to negatively affect consumer spending in the country as well as a 10 percent decline recorded in sales in 2014, Arab News reported. "This year will be complicated. Nobody doubts that ...
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  • FXCM Inc (NYSE:FXCM) in Crisis

    FXCM Inc (NYSE:FXCM) in Crisis

    FXCM Inc (NYSE:FXCM) in Crisis Shares of leading foreign-exchange broker FXCM were suspended as trade opened Friday, after the company admitted that the sharp rise in the Swiss franc had possibly left it capital-short. The New York Stock Exchange suspended the shares after they plunged nearly 90 percent in pre-market trade, due to FXCM's admission ...
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  • Fall Out From the Swiss Franc Substantial

    Fall Out From the Swiss Franc Substantial

    Switzerland's central bank came under fire at home and abroad Friday after scrapping its bid to stop the franc rising, a move that wrecked havoc on global markets and bankrupted several foreign exchange traders. A brokerage firm in Britain and another in New Zealand declared insolvency while at home in Switzerland, exporters warned that they ...
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  • HEFFX Daily FX Alerts $Oil, $GC_F, $EURUSD, $GBPUSD, $USDCAD, $USDJPY, $AUDUSD, $USDCHF

    HEFFX Daily FX Alerts $Oil, $GC_F, $EURUSD, $GBPUSD, $USDCAD, $USDJPY, $AUDUSD, $USDCHF

    HEFFX Daily FX Alerts $Oil, $GC_F, $EURUSD, $GBPUSD, $USDCAD, $USDJPY, $AUDUSD, $USDCHF Crude Oil (NYMEX) (G5) Intraday: consolidation in place. Pivot: 48.4Our preference: Short positions below 48.4 with targets @ 45.95 & 45.05 in extension.Alternative scenario: Above 48.4 look for further upside with 49.65 & 51.4 as targets.Comment: As long as the resistance at 48.4 ...
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  • Forex Technical Analysis: EUR, JPY, CHF, GBP

    Forex Technical Analysis: EUR, JPY, CHF, GBP

    Forex Technical Analysis: EUR, JPY, CHF, GBP Euro EUR closed lower Thursday ending a 2-day correction off of Monday high. The low range close sets the stage for a steady to lower opening Friday. Stochastics and the RSI are Neutral to Bearish indicating that sideways to lower prices are possible near term. If the single currency  extends ...
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  • Swiss National Bank Lifts Currency Cap

    Swiss National Bank Lifts Currency Cap

    Swiss National Bank Lifts Currency Cap The Swiss National Bank (SNB)  announced Thursday that it is removing its minimum exchange rate of Swiss franc (CHF) 1.20 per Euro, leading the Swiss franc surged to a high level Vs EUR. Thursday's announcement put an end to the policy staged by the central bank of Switzerland around 3 yrs ...
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  • US Treasuries Up, US Dollar Up

    US Treasuries Up, US Dollar Up

    US Treasuries Up, US Dollar Up 10-Yr: +23/32..1.777%.. USD/JPY: 116.70.. EUR/USD:1.1600 Afternoon Update US Treasury Complex 2Y +02/32 at 100 09/32 3Y +06/32 at 100 09/32 5Y +13/32 at 101 26/32 7Y +17/32 at 103 25/32 10Y: +23/32 at 104 06/32 30Y +1 11/32 at 112 15/32   US Dollar Index EUR/USD -190 pips at ...
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  • HEFFX Daily FX Alerts $Oil, $GC_F, $EURUSD, $GBPUSD, $USDCAD, $USDJPY, $AUDUSD, $USDCHF

    HEFFX Daily FX Alerts $Oil, $GC_F, $EURUSD, $GBPUSD, $USDCAD, $USDJPY, $AUDUSD, $USDCHF

    HEFFX Daily FX Alerts $Oil, $GC_F, $EURUSD, $GBPUSD, $USDCAD, $USDJPY, $AUDUSD, $USDCHF Crude Oil (NYMEX) (G5) Intraday: bullish bias above 46.75. Pivot: 46.75 Our preference: Long positions above 46.75 with targets @ 49.6 & 51.4 in extension. Alternative scenario: Below 46.75 look for further downside with 45.05 & 44.2 as targets. Comment: The RSI is ...
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  • Forex Technical Analysis: EUR, JPY, GBP

    Forex Technical Analysis: EUR, JPY, GBP

    Forex Technical Analysis: EUR, JPY, GBP Euro EUR closed higher Wednesday. The low range close set the stage for a steady opening Thursday. Stochastics and the RSI are Neutral to Bullish indicating that sideways to higher prices are possible near term. If the single currency extends the decline, the monthly support crossing is the next ...
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  • South Korea Economic Growth Slows

    South Korea Economic Growth Slows

    South Korea's central bank on Thursday slashed its 2015 economic growth forecast and kept its benchmark interest rate unchanged at a record low amid growing concerns of deflation. Bank of Korea (BOK) Governor Lee Ju-Yeol put the new estimate for Asia's fourth-largest economy at 3.4 percent growth this year, compared to an earlier forecast of ...
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  • Australian Dollar (A$) ⇨ US Dollar ($) (AUDUSD) Trading Outlook

    Australian Dollar (A$) ⇨ US Dollar ($) (AUDUSD) Trading Outlook

    The Australian dollar jumped half a US cent after the Australian Bureau of Statistics reported net employment rose 37,400 in December, 10 times the forecast of 3,800. The unemployment rate also came a surprise as analysts had tipped 6.3 percent. Adding to the strength, all the job gains came in full-time work which leaped 41,600. ...
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  • US Dollar ($) ⇨ Chinese Yuan (CN¥) (USDCNY) Trading Outlook

    US Dollar ($) ⇨ Chinese Yuan (CN¥) (USDCNY) Trading Outlook

    US Dollar ($) ⇨ Chinese Yuan (CN¥) (USDCNY) Trading Outlook FOREX CNY= closed down -0.002 at 6.194. Volume was 51% below average (consolidating) and Bollinger Bands were 11% narrower than normal. Open High Low Close Volume___ 6.194 6.196 6.194 6.194 629 Technical Outlook Short Term: Oversold Intermediate Term: Bearish Long Term: Bullish Moving Averages: 10-period ...
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  • Win a Spot in the $10 Million Dollar FX Contest

    Win a Spot in the $10 Million Dollar FX Contest

    Win a Spot in the $10 Million Dollar FX Contest Here is your chance to win a Live Funded Account of $5000 to participate in the $10 Million Dollar FX Contest. This is by far the biggest FX trading contest to ever be held. Register Now Traders must have $5000 in their accounts. For those ...
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  • France Prepares for Terrorist Attacks

    France Prepares for Terrorist Attacks

    France Prepares for Terrorist Attacks France ordered 10,000 troops into the streets to protect sensitive sites after three days of bloodshed as it hunted for the accomplices of the militants who left 17 people dead as they terrorized the nation. Prime Minister Manuel Valls said the search is urgent because "the threat is still present" ...
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  • Using Relative Strength Index

    Using Relative Strength Index

    Relative Strength Index J. Welles Wilder Jr., author of New Concepts In Technical Trading System, developed the relative strength index (RSI). This oscillator is popular with traders as a measurement of momentum. Traders use the RSI as an overbought/oversold study, price and momentum divergence signals, and pattern recognition.  The RSI, as with all measurements of ...
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  • HEFFX Daily FX Alerts $Oil, $GC_F, $EURUSD, $GBPUSD, $USDCAD, $USDJPY, $AUDUSD, $USDCHF

    HEFFX Daily FX Alerts $Oil, $GC_F, $EURUSD, $GBPUSD, $USDCAD, $USDJPY, $AUDUSD, $USDCHF

    HEFFX Daily FX Alerts $Oil, $GC_F, $EURUSD, $GBPUSD, $USDCAD, $USDJPY, $AUDUSD, $USDCHF Crude Oil (NYMEX) (G5) Intraday: continuation of the rebound. Pivot: 45.1Our preference: Long positions above 45.1 with targets @ 46.75 & 47.75 in extension.Alternative scenario: Below 45.1 look for further downside with 44.2 & 43 as targets.Comment: The RSI advocates for further advance. ...
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  • Forex Technical Analysis: EUR, JPY, GBP

    Forex Technical Analysis: EUR, JPY, GBP

    Forex Technical Analysis: EUR, JPY, GBP Euro EUR closed lower Tuesday. The low range close set the stage for a steady to lower opening Wednesday. Stochastics and the RSI are Neutral to Bearish indicating that sideways to lower prices are possible near term. If it renews its decline, the monthly support crossing is the next ...
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  • US Dollar Up, US Treasuries Up

    US Dollar Up, US Treasuries Up

    US Dollar Up, US Treasuries Up The US Dollar (.DXY) Index sees an 11-yr high as trade at the 92.30 area. EUR/USD is -65 pips at 1.1765 as action presses to 9-yr lows. Euro is weak as expectations of a launch of European QE have provoked calls for parity by mid-2015. The issue will be ...
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  • Germany Economic Update

    Germany Economic Update

    The German government managed to balance its books for the first time since 1969 in 2014 and a year ahead of target, the finance ministry said Tuesday. Originally, the government had been pencilling in a small budget deficit of 6.5 billion euros (7.7 billion) for 2014.  But thanks to higher tax revenues and lower interest ...
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  • GBPUSD 1.40 Target

    GBPUSD 1.40 Target

    Britain's annual inflation rate dived in December to 0.5 percent, matching a record low on the back of sliding oil prices, official data showed Tuesday. The 12-month Consumer Price Index (CPI) marked a sharp slowdown from 1.0 percent in November, and equalled the record low set in May 2000, the Office for National Statistics said ...
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  • HEFFX Daily FX Alerts $Oil, $GC_F, $EURUSD, $GBPUSD, $USDCAD, $USDJPY, $AUDUSD, $USDCHF

    HEFFX Daily FX Alerts $Oil, $GC_F, $EURUSD, $GBPUSD, $USDCAD, $USDJPY, $AUDUSD, $USDCHF

    HEFFX Daily FX Alerts $Oil, $GC_F, $EURUSD, $GBPUSD, $USDCAD, $USDJPY, $AUDUSD, $USDCHF Crude Oil (NYMEX) (G5) Intraday: capped by a negative trend line. Pivot: 45.4Our preference: Short positions below 45.4 with targets @ 43.8 & 43 in extension.Alternative scenario: Above 45.4 look for further upside with 46.1 & 46.75 as targets.Comment: The immediate trend remains ...
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  • Forex Technical Analysis: EUR, JPY, GBP

    Forex Technical Analysis: EUR, JPY, GBP

    Forex Technical Analysis: EUR, JPY, GBP Euro EUR closed lower Monday. The mid-range close sets the stage for a steady opening Tuesday. Stochastics and the RSI are Neutral to Bearish indicating that sideways to lower prices are possible near term. If the single currency  extends its decline, the monthly support crossing is the next Southside ...
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  • US Treasuries Up, US Dollar Down

    US Treasuries Up, US Dollar Down

    US Treasuries Up, US Dollar Down US Treasury Complex US Treasuries ended just off their best levels on the day. Monday's advance marked the 11th gainer in 12 sessions.  Maturities firmed overnight and ticked to new highs ahead of the solid $24-B 3Y Note auction. The auction drew 92.6bps and a 3.33x bid/cover. Indirect bidders (45.8%) ...
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  • Using Bollinger Bands®

    Using Bollinger Bands®

        Using Bollinger Bands® Shayne Heffernan of HEFFX talks about using Bollinger Bands® Volatility is the lifeblood of the technical trader. Markets move through periods of low volatility to high and back again. Traders can exploit either low- or high-volatility conditions in the market by using the right trading approach. The key is to identify low- ...
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  • FX Traders Rush for $10 Million

    FX Traders Rush for $10 Million

    FX Traders Rush for $10 Million If you have not signed up yet there is still time. Right now the biggest and best FX trading competition is on and it will change the lives of 3 traders. The 3 winners will get the chance to become the Next George Soros, managing a multi million dollar ...
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  • HEFFX Offers $600 a Month FX Platform Free

    HEFFX Offers $600 a Month FX Platform Free

    HEFFX Offers $600 a Month FX Platform Free HEFFX provides charting, analytics, and order execution tools tailored for the professional foreign exchange trader. HEFFX is fully integrated into the CQG ecosystem. Customers can leverage CQG Integrated Client’s robust market data, analytics, and electronic trade routing tools to manage foreign exchange markets. Try the Demo Broad Market Coverage ...
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  • Russian Economy in Panic Mode

    Russian Economy in Panic Mode

    Russia's central bank in 2014 sold 76.1 billion and 5.4 billion euros in attempts to support the ruble, statistics published Monday said, as the currency continued to fall. Last year, the ruble lost 41 percent of its value against the dollar and 34 percent against the euro as a result of Western sanctions imposed over ...
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  • HEFFX Daily FX Alerts $Oil, $GC_F, $EURUSD, $GBPUSD, $USDCAD, $USDJPY, $AUDUSD, $USDCHF

    HEFFX Daily FX Alerts $Oil, $GC_F, $EURUSD, $GBPUSD, $USDCAD, $USDJPY, $AUDUSD, $USDCHF

    HEFFX Daily FX Alerts $Oil, $GC_F, $EURUSD, $GBPUSD, $USDCAD, $USDJPY, $AUDUSD, $USDCHF Crude Oil (NYMEX) (G5) Intraday: the downside prevails. Pivot: 48.5Our preference: Short positions below 48.5 with targets @ 46.45 & 45.5 in extension.Alternative scenario: Above 48.5 look for further upside with 49.65 & 50.35 as targets.Comment: The break below 48.5 is a negative ...
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  • Forex Technical Analysis: EUR, JPY, GBP

    Forex Technical Analysis: EUR, JPY, GBP

    Forex Technical Analysis: EUR, JPY, GBP Euro EUR closed higher Friday as it consolidated some of this Winter's decline. The high range close set the stage for a steady to higher opening Monday. Stochastics and the RSI are oversold but are Neutral to Bearish indicating that sideways to lower prices are possible near term. If ...
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  • USDJPY Japan may Collapse Under Abenomics

    USDJPY Japan may Collapse Under Abenomics

    USDJPY Japan may Collapse Under Abenomics Japan's money printing government will propose a another record budget for next fiscal year of more than $800 billion again they will attempt to create the illusion of borrowing cuts for a third year. Prime Minister Shinzo Abe seeks to print money to fund growth while facing the heaviest ...
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  • EURUSD Trading Outlook

    EURUSD Trading Outlook

    EURUSD Trading Outlook Euro zone inflation turned negative in December for the first time since 2009, with cheap oil driving a bigger than expected decline that may prompt the European Central Bank to start printing money, Arab News reported. The European statistics office said in a first estimate that prices in the 18 countries using ...
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  • Do You Want to Be a Fund Manager

    Do You Want to Be a Fund Manager

    Do You Want to Be a Fund Manager Here is Your Chance Quantic is an internationally recognized investment firm currently seeking 3 traders to manage a $10 Million equivalent portfolio. Through the Quantic Traders Challenge, powered by TopTradr the 3 best traders over a six month period will be selected to manage $10 Million. If ...
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  • USDCAD Trading Outlook

    USDCAD Trading Outlook

    Canadian government statistical agency said the country posted USD544 million trade deficit in November as exports to the US and Britain dipped sharply, The Peninsula Qatar reported. Statistics Canada also revised downward a nearly USD85 million surplus the previous month to a USD276 million deficit. Analysts had been expecting a USD169 million deficit for November. ...
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  • USDCNY Trading: Inflation Returns to China

    USDCNY Trading: Inflation Returns to China

    USDCNY Trading: Inflation Returns to China Chinese inflation rebounded marginally in December the government said but HEFFX economists warned of deflationary threats and called for more monetary stimulus to boost slowing growth in the world's second-largest economy. The consumer price index (CPI) rose 1.5 percent year-on-year in December the National Bureau of Statistics announced matching ...
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  • Russia Gets a Downgrade, Gorbachev Warns of War

    Russia Gets a Downgrade, Gorbachev Warns of War

    Russia Gets a Downgrade, Gorbachev Warns of War Fitch Ratings cut its rating on Russia to 'BBB minus' from 'BBB', citing significant deterioration in the country's economic outlook due to the slump in oil prices and falling value of the rouble. Fitch said the issue ratings on Russia's senior unsecured foreign and local currency bonds ...
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  • RMB Yuan May Not Depreciate Drastically In 2015

    RMB Yuan May Not Depreciate Drastically In 2015

    RMB Yuan May Not Depreciate Drastically In 2015 The Chinese Renminbi (RMB) is unlikely to see drastic depreciation in Y 2015 despite fluctuations, thanks to the country's solid economic fundamentals and a stable policy. Expectation of a lukewarm domestic economy and a continuously rising USDs so far this year have created concern that the Renminbi, ...
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  • US Dollar (.DXY) Index Hanging In Around 92

    US Dollar (.DXY) Index Hanging In Around 92

    US Dollar (.DXY) Index Hanging Around 92 The US Dollar (.DXY) Index traded just below the 92 mark for most of the  afternoon Friday. The range was tight with the .DXY bouncing between the 91.89 to 92.05 area. Some profit taking following the reaction to the headline NFPs report led to some weakness. But the light US hourly earnings ...
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  • HEFFX Daily FX Alerts $Oil, $GC_F, $EURUSD, $GBPUSD, $USDCAD, $USDJPY, $AUDUSD, $USDCHF

    HEFFX Daily FX Alerts $Oil, $GC_F, $EURUSD, $GBPUSD, $USDCAD, $USDJPY, $AUDUSD, $USDCHF

    Crude Oil (NYMEX) (G5) Intraday: bullish bias above 46.8. Pivot: 46.8Our preference: Long positions above 46.8 with targets @ 50.35 & 51.15 in extension.Alternative scenario: Below 46.8 look for further downside with 46 & 45 as targets.Comment: The next resistances are at 50.35 and then at 51.15. Opinion published is an intraday view. Green Lines ...
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  • Forex Technical Analysis: EUR, JPY, GBP

    Forex Technical Analysis: EUR, JPY, GBP

    Forex Technical Analysis: EUR, JPY, GBP Euro EUR closed lower on Wednesday. Today's lowrange close sets the stage for a steady to lower opening when Thursday's night session begins trading. Stochastics and the RSI remain neutral to bearish signalling that sideways to lower prices are possible nearterm. If it extends the decline off December's high, ...
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  • US Treasuries Down, US Dollar Up

    US Treasuries Down, US Dollar Up

    US Treasuries Down, US Dollar Up 10-Yr: -12/32..2.012%.. USD/JPY: 119.55.. EUR/USD: 1.1815 Afternoon Update US Treasury Complex 2Y Unch at 100 00/32. 3Y Unch at 100 01/32 5Y -02/32 at 100 18/32. 7Y -05/32 at 102 01/32 10Y -12/32 at 102 02/32 30Y -1 10/32 at 108 12/32   US Dollar (.DXY) Index EUR/USD -20 ...
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  • European Airlines Struggle

    European Airlines Struggle

    Qatar Airways chief Akbar al-Baker boasted Wednesday that European carriers "cannot keep up" with competition from Gulf carriers, as his fast-growing airline welcomed the first Airbus A350 plane. In a wide-ranging press conference, Baker also revealed that Qatar Airways is carrying out tests to become the first airline in the world where all flight data ...
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  • US Trade Data

    US Trade Data

    The US trade deficit fell in November to the lowest level in 11 months as crude oil imports dropped to a two-decade low.  The trade deficit narrowed to 39 billion in November down 7.7 percent from a revised October deficit of 42.2 billion the Commerce Department reported Wednesday. US exports slipped 1 percent to 196.4 ...
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  • HEFFX Daily FX Alerts $Oil, $GC_F, $EURUSD, $GBPUSD, $USDCAD, $USDJPY, $AUDUSD, $USDCHF

    HEFFX Daily FX Alerts $Oil, $GC_F, $EURUSD, $GBPUSD, $USDCAD, $USDJPY, $AUDUSD, $USDCHF

    HEFFX Daily FX Alerts $Oil, $GC_F, $EURUSD, $GBPUSD, $USDCAD, $USDJPY, $AUDUSD, $USDCHF Crude Oil (NYMEX) (G5) Intraday: continuation of the rebound. Pivot: 46.8Our preference: Long positions above 46.8 with targets @ 50.35 & 51.15 in extension.Alternative scenario: Below 46.8 look for further downside with 46 & 45 as targets.Comment: The RSI is mixed with a ...
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  • Forex Technical Analysis: EUR, JPY, GBP

    Forex Technical Analysis: EUR, JPY, GBP

    Forex Technical Analysis: EUR, JPY, GBP EuroEUR closed lower Wednesday. The low range close set the stage for a steady opening Thursday. Stochastics and the RSI are Neutral to Bearish indicating that sideways to lower prices are possible near term. If the single currency extends the decline, the monthly support crossing is the next Southside ...
    read more »

  • US Treasuries Down, US Dollar Up

    US Treasuries Down, US Dollar Up

    US Treasuries Down, US Dollar Up 10-Yr: -07/32..1.967%.. USD/JPY: 119.50.. EUR/USD: 1.1830 Afternoon Update US Treasury Complex 2Y Unch at 99 31/32 3Y +01/32 at 100 02/32 5Y Unch at 100 21/32 7Y -02/32 at 102 09/32 10Y -07/32 at 102 15/32 30Y -18/32 at 109 24/32   US Dollar (.DXY) Index EUR/USD -60 pips ...
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  • Currency Commentary: DXY at 92

    Currency Commentary: DXY at 92

    Currency Commentary: DXY at 92 · The Dollar Index continues its push higher as it moves into the 92 area. The move comes following a better than expected ADP number and ahead of the latest FOMC minutes. Market participants will be rifling through the notes when they are released (2pm ET) as they look for ...
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  • EURUSD GBPUSD USDJPY Traders Battle for $10 Million

    EURUSD GBPUSD USDJPY Traders Battle for $10 Million

    EURUSD GBPUSD USDJPY Traders Battle for $10 Million EURUSD GBPUSD USDJPY traders are battling for the $10 Million dollars in Prize Money in the Quantic Traders Challenge $10 Million Dollar FX Competition HEFFX is excited to announce that they will be partnering with CQG, Direct FX to promote and distribute the Quantic Traders Challenge, powered ...
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  • HEFFX Daily FX Alerts $Oil, $GC_F, $EURUSD, $GBPUSD, $USDCAD, $USDJPY, $AUDUSD, $USDCHF

    HEFFX Daily FX Alerts $Oil, $GC_F, $EURUSD, $GBPUSD, $USDCAD, $USDJPY, $AUDUSD, $USDCHF

    HEFFX Daily FX Alerts $Oil, $GC_F, $EURUSD, $GBPUSD, $USDCAD, $USDJPY, $AUDUSD, $USDCHF Crude Oil (NYMEX) (G5) Intraday: the downside prevails. Pivot: 49.3Our preference: Short positions below 49.3 with targets @ 46.8 & 46 in extension.Alternative scenario: Above 49.3 look for further upside with 50.35 & 51.25 as targets.Comment: As long as the resistance at 49.3 ...
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