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  • European Central Bank Set To Raise Rates

    July 6, 2011 - no Comments

    30On July 7th, two European central banks will once again decide the fate of interest rates in their country – the European Central Bank and the Bank of England.  Both

  • Will EURUSD Break Technical Support at 1.4300?

    July 6, 2011 - no Comments

    30Not at least for the moment.  After last night’s slide, the EURUSD seems to be reacting positively to support currently at 1.4300.  The level coincides with 1.4289 (61.8% fib from

  • EUR/USD Technical Analysis – 06 July 2011

    July 6, 2011 - no Comments

    30Unsurprisingly EUR/USD has been heading down for the past few hours.  Something which yesterday I predicted was gonna happen. As can be seen here: http://forexalliance.com/2011/07/05/forex-majors/eurusd-southern-movement/  As of right now, there

  • ISM Services Index Falls In U.S.

    July 6, 2011 - no Comments

    30Non-manufacturing activity dropped in June compared to a month earlier in the world’s largest economy.  According to the Institute for Supply Management’s report, business activity contracted to a reading of

  • What’s Happening With Currencies – July 6th

    July 6, 2011 - no Comments

    30The US dollar has strengthened for a second day against the major currencies following fears over yesterday’s Portugal announcement and a slowdown in the Chinese economy.  Dollar momentum, in particular,

  • China Raises Interest Rates, Again

    July 6, 2011 - no Comments

    30For the third time this year, the Chinese government has raised interest rates in an effort to calm rising inflation.  Beijing officials increased the one year lending rate to 6.56%