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Eurozone Manufacturing Fails To Dazzle
The latest Markit Purchasing Managers’ Index (PMI) for manufacturing in the bloc of 18 nations using the Euro, has shown that the rate of growth has picked up slightly.
Successful Trades: AUD/USD & EUR/USD
The Euro should continue to fall, and although the 1.25 level is a large, round, psychologically significant number, I believe that it’s only a matter of time before we break down through that area.
BOJ Seeks To Stimulate Economy
Japan’s economy remains the third largest in the world, but it is dogged by two decades of deflation and lacklustre economic growth.
LinkedIn Making Headway After Great Q3
Its momentum indicator is giving a fresh buy signal, implying a push towards the buy side.
EUR/USD Forex Signal
It had looked as the week opened that resistance at 1.2500 might hold. However this was broken fairly quickly and so far this pair is having a small counter-trend movement up this week.
Dollar Higher On BOJ Easing
The U.S. Dollar surged versus the Japanese Yen, rising to a 7-year high in the wake of the Bank of Japan’s newest easing efforts.
Forex Week In Review
In Europe over the course of the week, the FTSE was up by 2.5%, it closed at 6546.5, ending the month up by 0.28%; the Dax ended at 9326.9, up by 3.8% on last week’s close and 1.4% in October; the CAC was up by 2.5% to end the session at 4233.1, but it weakened by 1.1% over the course of the month.
Weekly Forex Forecast
Weekly forecasts for USD,CAD,EUR,GBP,JPY.
Gold Remains Under Pressure
Gold prices continued to sink yesterday, extending losses from Wednesday's session, and touched the lowest level in nearly 4 weeks on technical selling and upbeat U.S. economic data.
USD/JPY: November 2014 Forecast
The USD/JPY pair has had a couple of the strong week see recently, after bouncing off of the important 105 level. The 105 level was an area of significant resistance previously, and the fact that we have gone back and tested that area for support is important.
After Bad Q3, Twitter & IBM Partner
Twitter and IBM recently announced a revolutionary partnership that will in essence redefine how companies and institutions understand their consumers.
Dollar Surges On Fed Data
The dollar climbed to a four-week high after the Federal Reserve judged the U.S. economy strong enough to end its asset-purchase program.
Google Quells Concerns With New OS
Google Inc. launched the newest version of its Android operating system “Lollipop”, which it believes will take away any security glitches that previous Android versions had.
EUR/USD Forex Signal
Yesterday’s signal for the short off bearish price action at 1.2730 – 50 was triggered when a bearish H1 pin bar was printed and broke down.
24 Banks Fail EU Stress Tests
The most recent stress test involved 123 Eurozone banks and 24 – roughly 1 in 5 – was deemed to have failed
AUD/USD Weekly Forex Signal
The AUDUSD has been faced with a longer corrective period which lasted over the past 18 trading months, but has found support at a double bottom formation.
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