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24 Sep 2007: Yen Earns Stability Against Other Currencies [USD/JPY]
A day after a new prime minister was elected, Japan's currency seems to be following the lead of its political system and settling down after uncertainty and turmoil. Former Chief Cabinet Secretary Yasuo Fukuda scored a comfortable victory in Sunday's election to succeed outgoing Prime Minister Shinzo Abe as president of the Liberal Democratic Party, which makes him the nation's next prime minister. ...
21 Sep 2007: A historic day but…
The EUR/USD is trading above 1.4000 for the first time in history; this is the time where this headline will reach the media, TV, radio, newspapers, magazines etc. This is exactly the time where a turn may be developing in the pair, be advised that going long the EUR/USD here is a very risky business, but technically it is a correct call. ...
21 Sep 2007: Resource − rich currencies dominate the USD
- High yielding AUD and NZD on a roll: Long-term Treasuries sold off for a third straight session today, as the bond markets continue to worry about inflation. Stock markets only started worrying about inflation today, with Wall Street closing down after two straight sessions of gains. ...
21 Sep 2007: Forex Technical Report GBP/USD
GBP/USD Open 2.0103 High 2.0073 Low 1.9953 Close 1.9974
In upward direction resistance is the level 2.0165, which provoked sharp drop on Wednesday, and it is 62.3% correction of the drop from the top 2.0361 to the bottom 1.9877. Next resistance is the top from 9 August 2.0394, after which comes the 26 year top at 2.0643. ...
In upward direction resistance is the level 2.0165, which provoked sharp drop on Wednesday, and it is 62.3% correction of the drop from the top 2.0361 to the bottom 1.9877. Next resistance is the top from 9 August 2.0394, after which comes the 26 year top at 2.0643. ...
21 Sep 2007: EUR/USD at All−time High
The dollar fell against other key currencies on Thursday on deteriorating US growth and interest rate differentials. The euro reached a new all-time high and the yen rose strongly. ...
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