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How U.S. government Shutdown Affect EURO and YEN - ForexSQ
There has been a lot of talk about the possibility of a U.S. government shutdown. Republicans and Democrats in Washington continue to clash on budget negotiations, raising the risk of the first government shutdown since 1995 during the Clinton Administration. Congressional leaders are in deep discussions and a shutdown could be avoided, but with the U.S. government telling federal agencies to be prepared to implement contingency plans, it is important for currency traders to be prepared as well by knowing how the U.S. dollar could react to the shutdown.
We have been down this road before 15 years ago and based upon the price action of the EUR/USD and USD/JPY at the time, investors are not too worried about the implications of a government shutdown on the economy. When the government was shut down in ...For Full Forex News Please click on link below :
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After trading at a fresh four-year low in overseas trade (1.2143) versus the USD pressured by report that Germany has announced a ban on naked short selling of a number of German bonds and financial stocks, the EUR staged a sharp short covering rally during the US session. Why is that so? forex register
ForexSQ.com - GBP/USD Technical Analysis
GBPUSD is consolidation on 1 hour chart, also trend line pass at 1.6483 (Wedge Formation pattern). Now GBPUSD is on 50.0% (1.6454) of 1.6164 to 1.6745, 61.8% (1.6387). GBPUSD retraced 38.2% (1.6625) of 1.6429 to 1.6745, extension 1.6830, 1.6940, still in progress. In GBPUSP minor support is at 1.6429. GBPUSD break of 1.6683 resistances, next target will be 1.6830-1.6940 area. If GBPUSD will reverse from 1.6523, 1.6383 area, extension is at 1.6895, 1.7091 in bigger range....For Full Technical Analysis Click Below:
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ForexSQ.com - Non-Farm Employment changes will strong USD or
Last month job gains occurred in professional and business services, health care, and mining. In manufacturing sector, Employment continued growth. The U.S. Bureau of Labor Statistics will release today. Nonfarm payroll employment increased by 216,000 in March-2011, and the unemployment Rate was changed at 8.8%. The number of unemployed persons (13.5 million) and the unemployment rate (8.8%) changed in March. In March month, employment in the service-providing sector continued to expand, by a gain of (78,000) in professional and business services. Most of the gain occurred in temporary help services (29,000) and in professional and technical services (35,000), health care employment (37,000), over the last 12 months, health care has added 283,000 jobs, or an average of 24,000 jobs per month. Employment in leisure and hospitality rose by 37,000 over the month, with more than ... Click On Link Below For Full Forex News :
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ForexSQ.com - EUR/USD Daily Fundamental Analysis for May 23, 2011
The EUR/USD will start the week with caution and volatility after ending the previous week on Friday under downbeat and negative pressures.
Last week, the euro managed to end with some gains to cut back on the weekly losses seen in the previous two weeks, ever since Trichet extended any monetary tightening beyond June.
The euro was merely bolstered slightly by the passed bailout for Portugal, whereas the resolution on the Greek crisis was not seen and likely to return to haunt the euro soon. The euro is under heavy pressures as is the market with the growing pessimism over the outlook for the global recovery, which in role is keeping the dollar strong.
Haven demand is supporting greenback and keeping the euro burdened with its debt woes. This week the sentiment is likely to concentrate on the growth outlook while in search of any new developments on the Greek crisis ...For Full Forex News Please Click On Link Below :
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ForexSQ - EUR/USD Analysis-June 01,2011
EURUSD broke trend line and now back trend line toward 1.4691 which 74.6% of 1.4939 to 1.3967, 61.8% (1.4567). If EURUSD will reverse from 1.4567-1.4691 area, extension is 1.3710-1.3374 area on long term. In EURUSD minor resistance is at 1.4456 break of this resistance next target will be 1.4567 on intraday. On the otherway down side break of 1.4337 support next target will be 1.4214 on intraday. EURUSD break of 1.4567 strong resistance possible further move up side toward 1.4691 resistance...For latest Forex News Please click on link below :
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