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The USD has remained steady and range-bound through much of the session as the forex markets stabilize on signs that the credit crunch may be thawing....

Identifying Trades with DailyFX 10.21.08

Monday, October 20th 2008   23:18

Economic Data Preview - Swiss Trade Balance

Monday, October 20th 2008   22:19
Switzerland’s Trade Balance is expected to see the surplus shrink to 1.20 billion francs in September, down from 1.44 billion in the preceding month. This...
In a speech given to the Trans-Tasman Business Circle today, Reserve Bank of Australia Governor Glen Stevens said that the chance of a complete global...
In a speech given to the Trans-Tasman Business Circle today, Reserve Bank of Australia Governor Glen Stevens said that the chance of a complete global...
In a speech given to the Trans-Tasman Business Circle today, Reserve Bank of Australia Governor Glen Stevens said that the chance of a complete global...

European Session Calendar: 10-21-2008

Monday, October 20th 2008   20:45

GFT Daily Market Commentary

Monday, October 20th 2008   19:33
Forex Market Commentary for October 21, 2008 by Cornelius Luca

GFT Daily Market Commentary


With the stocks up on Monday and Federal Reserve Chairman Bernanke endorsed an additional...

Forex Wrapup 10.20.08

Monday, October 20th 2008   19:16

Will Clear Levels Hold Up A GBPAUD Range Opportunity?

Monday, October 20th 2008   19:09
Ranges have sprung up all across the currency market; but dramatic price action of the previous three weeks has led left many of those congestion zones...
New Zealand’s Consumer Prices rose at the fastest pace in 18-years in the year through the third quarter, at 5.1%. After produce prices alone rose 14.1%...
The euro and British pound continue to trade as “anti-dollar” currencies, and with the greenback remaining strong EUR/USD and GBP/USD have been hit hard.
The US dollar continues to dominate in the currency markets, this time helped by comments by Federal Reserve Chairman Bernanke as he supported the introduction...
The Australian dollar and New Zealand dollar proved to be the strongest of the G10 currencies on Monday as demand for risky assets rose.
The US dollar continues to dominate in the currency markets, this time helped by comments by Federal Reserve Chairman Bernanke as he supported the introduction...
US dollar, Japanese yen remain strong but which currencies really dominated the forex markets on Monday? The Bank of Canada is expected to cut rates on...

Forex Technicals: The Day Ahead, October 21

Monday, October 20th 2008   17:08
The clearest pattern remains the GBPUSD, which is bullish above 1.6789. The objective is above 1.7629.

Is US Dollar Trading Linked to Stock Performance?

Monday, October 20th 2008   16:50
The US dollar was closely correlated with the 30-year Treasury bond (commonly called the "long bond") two weeks ago as the crisis in the credit marets...
FXstreet.com (Barcelona) – The Conference Board’s U.S. Leading Index has posted an unexpected increase in September, after four consecutive declines, according to data released by the private...

US: Leading Indicators increase 0.3% in Sep

Monday, October 20th 2008   14:00
FXstreet.com (Barcelona) For more information, read our latest forex news.
FXstreet.com (Barcelona) – Foreign divestment of Canadian securities has declined to 730 million In August while Canadian holdings of foreign securities declined to 172 million in August, according...

Canada Wholesale Sales decline 1.5% in Sep

Monday, October 20th 2008   12:36
FXstreet.com (Barcelona) For more information, read our latest forex news.
FXstreet.com (Barcelona) For more information, read our latest forex news.

Overnight Interest Rate Update 10.20.08

Monday, October 20th 2008   12:12
Overnight Libor Rates (17:15 GMT) Current Friday (17:10 GMT) USD 1.51250* 1.66875 EUR 3.57250 3.66125 GBP 4.76875 4.68750 JPY 0.77125 0.79500 CHF 3.69667...

British Pound May Be Completing Corrective Decline

Monday, October 20th 2008   11:58
The GBPUSD drop from 1.7629 may serve to correct the advance from 1.6789. Within the decline, there would be 2 equal legs at 1.7021. Look for support near...


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