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28 July 2014 - Categories: fundamentals By Steve - Comments: 0
Top Economic Reports To Trade This Week - July 28, 2014

Top Economic Reports To Trade This Week – July 28, 2014

From last week’s data-light days, we are now looking at an event-heavy economic schedule for the next few trading days. Here are the main reports you should watch out for. First up is the US advanced GDP release on Wednesday. This report might show a 3.1% rebound for the second quarter of the year, enough

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28 July 2014 - Categories: technical analysis By Aaron Haynes - Comments: 0
Triangle Bounce for AUD/USD? - July 28, 2014

Triangle Bounce for AUD/USD? – July 28, 2014

AUD/USD has been trading inside an ascending triangle forex pattern for the past few months, as seen on the 4-hour time frame. Price just bounced off resistance at the top of the triangle, which is somewhere around the .9460-90 levels. Price could then make another test of the triangle support, pending another bounce or a

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25 July 2014 - Categories: fundamentals By Steve - Comments: 0
July RBNZ Statement Review

July RBNZ Statement Review

The Reserve Bank of New Zealand (RBNZ) decided to hike interest rates by 0.25% as expected, yet this move failed to spur a strong rally for the New Zealand dollar in this week’s trading. For one, geopolitical tension in Gaza and Ukraine are weighing on risk sentiment and demand for higher-yielding currencies. But what really

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25 July 2014 - Categories: technical analysis By Aaron Haynes - Comments: 0
Support Turned Resistance on EUR/NZD - July 25, 2014

Support Turned Resistance on EUR/NZD – July 25, 2014

EUR/NZD has sold off strongly recently, but price consolidated above the 1.5400 major psychological support zone when the move seemed overdone. Since then, price has broke to the upside and signaled a possible retracement to an area of interest visible on the 4-hour time frame. The 1.5800 major psychological level has acted as support in the

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24 July 2014 - Categories: technical analysis By Aaron Haynes - Comments: 0
Uptrend Forex Play on GBP/AUD - July 24, 2014

Uptrend Forex Play on GBP/AUD – July 24, 2014

After a couple of tests of the rising trend channel resistance, GBP/AUD broke below the mid-channel support and is making its way to the bottom of the channel on the 4-hour time frame. Stochastic is indicating oversold conditions, suggesting that a possible bounce might take place soon. Support is located near the 1.7950 minor psychological

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