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  1. Gold & Silver - Daily Outlook October 26

    by , 10-26-2011 at 08:55 AM
    Gold and silver sharply rose yesterday and recorded the sharpest gains during October. Does this mean there is a shift in the recent trend of gold and silver from downward to upward? The Euro/USD slightly declined on Tuesday by 0.16% to reach 1.3908. Today, the second (this week) EU summit will be held in Brussels; in the summit there will an attempt to resolve the European debt crisis. The U.S Core Durable Goods report will be published today; U.S. New Home Sales report; and BOJ's Rate will be announced.

    For the complete report silver and gold prices outlook for October 26th see here in Trading NRG

    Gold sharply rose on Tuesday by 2.91% to $1,700.4; silver also sharply inclined by 4.45% to $33.05. These are the ...
  2. EUR/USD – All Eyes on EU Summit

    by , 10-26-2011 at 05:19 AM
    Euro dollar is now in an even narrower range towards the second EU Summit later in the day. There are big doubts if any meaningful decisions will come out of this decision. Some numbers are set to be absent and yet another summit is on the cards. We have important US figures as well today.

    Here’s a quick update on technicals, fundamentals and what’s going on in the markets.

    Read the rest of the article [B][I][URL="http://www.forexcrunch.com/eurusd-oct-26-all-eyes-on-eu-summit/"]EUR/USD – All Eyes on EU Summit[/URL][/I][/B]
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  3. Current CAD Trading Plans

    by , 10-25-2011 at 10:16 PM
    CAD weakness and trends should continue and emerge on other pairs.

    CAD/JPY – long term trend is down set sell alarm at 74.40, there is some room to move down below there but we are hoping the support a couple of hundred of pips down will be broken. Some risk here is that the JPY pairs are moving in two directions, CAD weakness is the likely driver on this pair.


    GBP/CAD and EUR/CAD – Resistance breakout points are 1.6385 and 1.4330, respectively on these two pairs, they are both now on watch for buys. Current market prices on these two pairs are away from the alarm prices but we would set price alarms anyway on these pairs to start to monitor tonight. As the week progresses if these two pairs break out ...
    Tags: cad/jpy, eur/cad
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  4. USDJPY's downward movement extended to 75.74

    by , 10-25-2011 at 09:59 PM (Free Forex Market Analysis)
    USDJPY’s downward movement from 77.48 extended further to as low as 75.74. Key resistance is at 76.47, as long as this level holds, downtrend could be expected to continue, and next target would be at 75.00 area. On the upside, a break above 76.47 will indicate that a cycle bottom has been formed at 75.74 on 4-hour chart, and the fall from 77.48 has completed, then another rise to test 77.85 resistance could be seen.

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