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Forex Analysis

Forex analysis provides analyst coverage of major currency price action

USDOLLAR Index Fights Back to Trendline from June Lows

DailyFX.com - Hold the presses on the 'greenback may be topping' headlines: the past 24-hours have seen a quick revival by the US Dollar. Talking Points: - AUDUSD breaks to fresh yearly lows below $0.7270. - USDCAD triangulates, looking for a break above C$1.3055.- See the DailyFX economic calendar for Thursday, July 23, 2015.Hold the presses on the 'greenback ...

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Crude Sinking Towards Trend Lows

DailyFX.com - Daily Chart Prepared by Jamie Saettele, CMT Automate trades with Mirror Trader and see ideas on other USD crosses -Near term, crude is declining within an extremely steep channel. The market is so weak that the latest bounce couldn’t even make it to channel resistance. 44.60 (close of ...

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USDOLLAR Pressured after Key Reversal; NZD/USD Trend Watch

DailyFX.com - The recent USDOLLAR Index uptrend may be in question after yesterday's bearish key reversal. Talking Points: - USDOLLAR Index loses uptrend from 6/18 low, tests 12000.- NZDUSD traded back to daily 13-EMA, recent resistance from 7/10-14. - See the DailyFX economic calendar for Wednesday, July 22, 2015.The recent USDOLLAR Index uptrend may be in question after yesterday's bearish key reversal. Event risk...

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Oil Plunged on Expectation of US and Iran Supplies

DailyFX.com - Oil prices weighed by ample supplies despite an overnight relief in commodities due to weak US dollar. Copper fell to multi-week low together with Shanghai stock loss Talking Points: WTI Oil nearly touched $50 on oversupplies Gold edged down as safe interests fade Copper fell to multi-week low while Shanghai shares lost ...

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COT-52 Week Positioining Extremes in CAD and MXN

DailyFX.com - The difference between commercial and speculative positioning is the largest it has been in at least 52 weeks in the Canadian dollar an Mexican Peso. These large differences in positioning warn of 'crowded trades'. 52 week positioning extremes in CAD and MXN Specs sell most crude since late March Yen speculator continue to cover ...

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Gold Steadies After Asia Sell-off But Still Vulnerable

DailyFX.com - Gold steadied after it dipped to a five-year low level yesterday. US dollar index reached three-month high that put pressure on commodities prices Talking Points: Gold remained vulnerable to higher US interest rate and US dollar Oil stabilized although Iran’s export talks may spur downside Copper garnered support from China’s improving economic...

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Gold Slumps As Risk Eases and US Rate Hike in Focus

DailyFX.com - A strengthening US Dollar has dampened prices of commodities. Gold crashed after a dump in Shanghai exchange Talking Points: Gold suffered heavy selling in Shanghai, fundamentals point to downside Oil pared losses due to a fall in Saudi exports and US rig count Copper lowered as inventories jumped Commodity prices are pressured...

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Is EURUSD Repeating a pre-euro Trading Pattern?

DailyFX.com - With EURUSD breaking support this week, one must consider a more immediate bearish alternative. Comparisons with 1997 (pre euro trading but a calculated value is plotted) price behavior are striking. EURUSD 1997 analog GBPUSD faces resistance at 1.57 NZDUSD Fibonacci confluence at .64 --Subscribe to Jamie Saettele's distribution...

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