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The USD is trading lower as equity markets rise and optimism about the global recovery rises as well, officials in Japan and Germany suggest that the Japanese and German economies have bottomed, USD was also pressured by report that a researcher with China’s central bank suggests China increase its holdings…

The USD is trading lower as equity markets rise and optimism about the global recovery rises as well, officials in Japan and Germany suggest that the Japanese and German economies have bottomed, USD was also pressured by report that a researcher with China’s central bank suggests China increase its holdings…

The euro area has shown improvement since the second quarter of the year when the pace of contraction eased to 0.2% from 2.5% in the first quarter, but the economy is currently witnessing volatility in data as recovery is patchy as described previously by Trichet, the president of the European…

The euro area has shown improvement since the second quarter of the year when the pace of contraction eased to 0.2% from 2.5% in the first quarter, but the economy is currently witnessing volatility in data as recovery is patchy as described previously by Trichet, the president of the European…

Cable has risen a little beyond the Resistance at 1.6300. Further rise beyond the immediate Resistance at 1.6354 (21-Week MA) should find another strong Resistance near 1.6425. We would then expect the pair to fall towards 1.62 if this Resistance holds strong. This would further increase chances of the Friday’s…

Cable has risen a little beyond the Resistance at 1.6300. Further rise beyond the immediate Resistance at 1.6354 (21-Week MA) should find another strong Resistance near 1.6425. We would then expect the pair to fall towards 1.62 if this Resistance holds strong. This would further increase chances of the Friday’s…

Although the greenback slipped to fresh 2009 low again the single currency and Swiss franc last week, the trading range was relatively narrow against both currencies, less than 200 points for the whole week, therefore, whilst we anticipated the resumption of dollar’s downtrend, we were unable to enter any position…

Although the greenback slipped to fresh 2009 low again the single currency and Swiss franc last week, the trading range was relatively narrow against both currencies, less than 200 points for the whole week, therefore, whilst we anticipated the resumption of dollar’s downtrend, we were unable to enter any position…

Cable is currently trading little changed from the US close, EUR/GBP is just moderately higher though it has been a fairly choppy morning for the pound. In the wake of Friday?s shockingly poor UK Q3 GDP data (-0.4% q/q) two opposing sterling influences have emerged. The first is a widely…

Cable is currently trading little changed from the US close, EUR/GBP is just moderately higher though it has been a fairly choppy morning for the pound. In the wake of Friday?s shockingly poor UK Q3 GDP data (-0.4% q/q) two opposing sterling influences have emerged. The first is a widely…