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Day: July 20, 2009
July 202009
Russian Ruble Climbs Intensively on Crude Oil Rally
The Russian currency gained most in almost a decade as the crude oil reached $64 a barrel and metallic commodities are on the rise, creating speculations that Russia, a world leader in commodity exportation, will benefit from a global economic rebound. The ruble already posted 16 percent of gains versus the U.S. dollar in five since the first signs of economic recovery started to appear in the first quarter, this Monday the Russian currency was favored by a wave […]
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July 202009
Brazilian Real Hits 9-Month High on Economic Optimism
The Brazilian currency posted another day of gains versus most of the main traded currencies and hit a 9-month high against the greenback as corporate earnings came better than expected combined with a rise in commodity prices. An extremely positive day for the Brazilian economy defined a bullish pattern for the real today, as commodities rose, the national stock exchange climbed more than 1.5 percent and confidence among traders brought the Brazilian currency to achieve a seventh […]
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July 202009
Australian Dollar Hits Two-Week High on Stocks
The Australian currency, often referred as the Aussie, strengthened to a two-week high versus the yen as stocks in Asia climbed this Monday, raising attractiveness for the yield of the Australian dollar. The Australian dollar had a brilliant performance last week supported by U.S. corporate earnings, and this week, both the Aussie and its New Zealand counterpart started bullish mainly against the yen and the greenback, as commodity prices continued on the rise, favoring the attractiveness of the South Pacific currencies. The return […]
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July 202009
Pound Strengthens on House Prices Climb
The pound started the week climbing versus the yen and the dollar, as stocks rose and the house prices in the U.K. had an increase in the month of June, raising attractiveness for the British currency. The British currency advanced versus the yen reversing a negative trend from last weeks end as the CIT Group Inc. quarterly earnings are expected to be significantly positive, creating speculations that one of the biggest financial groups in the world will not file for bankruptcy as previously stated by some […]
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July 202009
Trend Visualization with ADX Based Indicator
Trend indicators seem to be the most popular ones among the Forex traders. Indeed, Forex market is quite trendy and if a trader manages to catch this trend in its early stage and exit not long after the trend ends, considerable profit can be made. Today, a new free Forex indicator for trend detection was uploaded to my site. Its quite accurate and shows where the trend […]
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July 202009
Will EUR/USD Reach 1.5000 Before September?
Looking at the weekly chart of the EUR/USD currency pair its easy to say that its currently trading in some kind of a long term triangle pattern with the narrowing boundaries. Although, the upper boundary offers a strong resistance far below 1.5000 level, there is a high probability of the bullish breakout. Fundamental analysts talk about the inevitable dollars weakness that will come soon as the global economy starts to recover […]
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