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Tag archive for ‘Forex’
The EUR/USD has extended its downside, and the market has anticipated the divergence; given the imminent Scottish referendum, the GBP is expected to lag behind the euro.
By ProfitEase.com On Monday, September 8th, 2014
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Euro bearishness set to continue after some short-term consolidation

The euro has continued to depreciate against the dollar, and the market has anticipated the divergence; given the imminent Scottish referendum, the sterling is expected to lag behind the euro. The euro has continued More...

The pair closed below the 1.30 support for two days in a row, which signaled further downside could be anticipated in the near term. Next support is 1.28.
By ProfitEase.com On Sunday, September 7th, 2014
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EUR/USD – Weekly Technical Analysis (08.09.2014-12.09.2014)

A brutal selloff sent the EUR/USD to a 14-month low of 1.2920 last week. The pair closed below the 1.30 support for two days in a row, which signaled further downside could be anticipated in the near term. Next More...

The US dollar traded higher against other major currencies on Wednesday with investors eager to see the anticipated end of the Fed’s bond-purchasing program
By ProfitEase.com On Friday, September 5th, 2014
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The dollar index declines but still hovers around 14-month peak

US dollar index made a brief decline but still hovered around its 14-month peak; the reason for the USD slight correction was the poor August nonfarm payroll report. The US Labor Department report today indicated More...

The EUR/USD slumped to a 14-month low, after the ECB reduced interest rates and announced its upcoming assets purchasing program aimed at fighting the looming deflation threat.
By ProfitEase.com On Thursday, September 4th, 2014
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EUR/USD hits 14-month low, after ECB cuts rates and announces asset purchasing program to stave off deflation

The euro slumped to a 14-month low against the US dollar, after the ECB reduced interest rates and announced its upcoming assets purchasing program aimed at fighting the looming deflation threat. The euro hit a More...

The EUR/USD retreated on Monday, after ECB President Draghi warned euro zone recovery is slowing down, and further momentum loss is possible.
By ProfitEase.com On Thursday, September 4th, 2014
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A short covering rally or further euro weakness – the ECB has the final say

Thursday’s ECB meeting is the most keenly awaited event on the calendar today; expectations are set high for further stimulus, so there is plenty of room for disappointment. The European Central Bank policy meeting More...

GBP under pressure after poll shows supporters for Scotland’s separation from UK increase.
By ProfitEase.com On Wednesday, September 3rd, 2014
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GBP under pressure after poll shows supporters for Scotland’s separation from UK increase

The British pound declined massively compared to its Monday level, after poll results regarding the forthcoming referendum on Scotland’s separation from the UK showed a large increase in supporters of the split. The More...

The RBA kept interest rates unchanged and commented on the strength of the AUD, which has remained stubbornly high despite declining commodity prices.
By ProfitEase.com On Tuesday, September 2nd, 2014
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AUD/USD steady as RBA keeps rates unchanged and describes Aussie as overvalued

The Reserve Bank of Australia kept interest rates at 2.5 percent and commented on the strength of the national currency, which has remained stubbornly high despite declining commodity prices. The Reserve Bank of More...

EUR/USD consolidated following euro zone CPI data but endured losses after the US data releases later on Friday
By ProfitEase.com On Friday, August 29th, 2014
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EUR/USD consolidated following euro zone CPI data but endured losses after the US data releases later on Friday

The EUR/USD consolidated above 1.3150 following a consumer price inflation report for the euro zone, which matched expectations; the following US PCE and Consumer Confidence data dealt a blow to the euro. The EUR/USD More...

The basic forex concepts, which every trader should be aware of, explained.
By ProfitEase.com On Friday, August 29th, 2014
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Some forex basics

Spot Rate Spot rate denotes the market price of one currency with respect to another.All currencies’ spot rates against the US dollarare basic spot rates, and the remainder are cross rates. Major currencies include More...

Bitcoin, a several-year-old digital currency, is soaring in popularity, as it offers convenience for users and lower transaction fees for online retailers.
By ProfitEase.com On Thursday, August 28th, 2014
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An increasing number of customers and retailers have been using bitcoin in their transactions

Bitcoin, a several-year-old digital currency, is soaring in popularity as it offers convenience for users and lower transaction fees for online retailers. Bitcoin is already showing some strength with US online More...

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