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  1. AUD/USD Intra-day signal by AceTrader

    by , 12-29-2010 at 11:33 PM (Forex Trading Signals)

    AUD/USD :[/B] 1.0165

    Last Update At 30 Dec 2010 03:22 GMT

    Y'day's breach of Nov's 28-yr high of 1.0183 to
    1.0198 in Asian morning today confirms LT uptrend has resumed n further gain twd 1.0221 wud be seen but nr term o/bot condition shud prevent strg gain there n bring a minor correction later.

    Buy again on dips with stop as indicated, below
    wud risk stronger pullback twd 1.0111 b4 'up'...

    Range Forecast
    1.0165 / 1.0198

    R: 1.0221/1.0248/1.0283
    S: 1.0153/1.0111/1.0087

  2. Daily FX Market Outlook by AceTrader 30-12-2010

    by , 12-29-2010 at 08:37 PM (Forex Trading Signals)
    [B]Market Review - 29/12/2010 21:37 GMT

    Dollar falls as strong Treasury demand hits bond yields[/B]

    The dollar fell to a 7-week low against the Japanese yen after the auction of 7-year Treasury notes was met with strong demand. The solid debt auction provided support to the price of Treasury securities and sent the yields lower, diminishing the appeal of the greenback.

    The $29 billion auction of 7-year notes was met with strong demand as indirect bidders, which typically include buying by foreign central banks, took 64.2% of the debt, the highest since June 2009.

    The greenback remained under pressure against the Japanese yen throughout Wednesday. The pair fell from 82.45 and ...
  3. ||London Forex Market Call 12-30-10|

    by , 12-29-2010 at 08:23 PM
    Welcome to the London Forex Market Call for December 30th.,2010. GBP/USD: Closes near the highs of the session reversing Tuesday's losses by 132 points. Consecutive closes above 1.5483 will keep the bullish posture of the market in tact with 1.5649 as the next area of major resistance. A close below the 1.5400 handle could ignite a sell off down to the Fibonacci 161.8% support zone at 1.5245. Stochastics are making a strong attempt to recover from oversold conditions and enter into the 20 buy zone | GOLD: The rally continues as the market trades above the $1400.00 handle for most of the session and comes $17.00 shy of the all time high at $1430.90. A close above $1430.9 will spark additional buying into $1450.00. Near term support ...
  4. Forex in 4! 12/29/10- Year End Highs!

    by , 12-29-2010 at 12:40 PM
    Year End Highs!

    By Mike Conlon | December 29, 2010

    As we near the end of 2010, both US stocks and commodities are at 2-year highs. Part of these moves is due to economic recovery, the other part due to accommodative US monetary policy. In other words, a cheap Dollar.

    But will this continue into 2011? Well at some point the scam that is the official inflation report will be unable to contain rising prices, even if housing continues to fall. Just yesterday we saw lower than expected housing prices, though this should not come as a surprise given the fragile recovery.

    This means we are likely to see higher interest rates both here in the US and abroad. ...
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