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About fxpros

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    New Money Maker
  1. USD/JPY: The market is still trading in a rather tight range. The pair is ranged between 79.50 and 80.20. Looking up we see resistance at 80.23. Above that we see 81.00 and 81.80. Alternatively we see first support at 79.50. AVAFX - Start trading with as little as $100.
  2. USD/CHF: The market is struggling around 0.9320. This is an important level of resistance. A move above that can test 0.9400. Looking down, we see first support at 0.9250. Below that sees 0.9200. AVAFX - Start trading with as little as $100.
  3. EUR/USD: The Euro continues to fall towards the January lows. We see support 1.2622 (January low) which if holds will be good for this market. While below the resistance and May high at 1.3283, the Euro remains weak. Key resistance remains at 1.3080, but he market must accelerate through the key level at 1.3000 first. Looking down supports are at 1.2880 and 1.2810. AVAFX - Start trading with as little as $100.
  4. GBP/USD: The market is seeing some signs of a medium term top forming around the 2012 high at 1.6300. Looking down, we see first support at 1.6100 and then 1.6075 as key support and below that exposes 1.5800. Alternatively, we see the 2012 high at 1.6300 as a key resistance level. AVAFX - Start trading with as little as $100.
  5. JPY Dropping Further Monday, 19 Mar 2012 11:31:09 GMT The euro made significant gains against the yen as the Japanese currency continues to drop further than analysts predicted. As of early Monday afternoon, the euro was trading against the yen at a rate of 109.81. This marks a five month high for the EUR/JPY pair. AVAFX - Start trading with as little as $100.
  6. Euro-Zone News Set to Impact Markets Today The US dollar was able to reverse some of its recent losses during the afternoon session yesterday, following the release of the Existing Home Sales figure. While the figure came in below expectations, it was still taken as a sign that the housing market in the US is improving. AVAFX - Start trading with as little as $100.
  7. Moody's Defends US AAA Debt Rating Tuesday, 9 Aug 2011 05:53:22 GMT Moody's Investor Services defended the AAA rating of US debt yesterday, attempting to forestall a sharper decline on Wall Street and justify the USD and US Treasury notes as stable stores of value in this shaky global market. AVAFX - Start trading with as little as $100.
  8. BoJ Intervention Weakens Yen Temporarily Thursday, 4 Aug 2011 12:36:51 GMT The Bank of Japan made a ¥10 trillion splash in the markets to prevent speculators from driving the value of the Japanese currency higher. Most likely the BoJ was forced to act following yesterday's quasi-quantitative easing by the SNB to weaken the CHF. AVAFX - Start trading with as little as $100.
  9. Euro Higher on Economic Data and SNB Intervention Wednesday, 3 Aug 2011 12:54:11 GMT The euro was stronger across the board as a combination of strong retail sales numbers and SNB intervention to ease the CHF has helped boost the EUR. AVAFX - Start trading with as little as $100.
  10. Dollar Stronger on Greek Debt Concerns Wednesday, 15 Jun 2011 12:19:02 GMT The dollar is stronger across the board as the Greek debt crisis comes to a head with the failure of European finance ministers to come to an agreement for a second bailout package. Moody's put three French banks on credit watch which compounded the negativity as the majors were all sold versus the USD. AVAFX - Start trading with as little as $100.
  11. Dollar Correction Continues to Build Strength with Declines in Silver Thursday, 12 May 2011 The rally in the dollar continues to build on last week's gains as silver prices have fallen below last week's low in line with gold and crude oil prices. The sell-off in commodities and global equities has helped to strengthen the dollar as long commodity trades are unwound. AVAFX - Start trading with as little as $100.
  12. EUR Bearish on Regional Debt Concerns Monday, 18 Apr 2011 The euro has turned bearish against most of its currency rivals after the pair failed to breach key resistance levels and then fell on renewed concern over sovereign debt. The EUR/USD has fallen to 1.4375 as of this morning and does not appear to be revealing any signal of correcting back up in the near future. The EUR/JPY has also revealed sudden weakness, reaching down towards 119.13 in today's early morning trading. AVAFX - Start trading with as little as $100.
  13. US Dollar Suffers as Fed Budget Balance Falls Short of Expectations Wednesday, 13 Apr 2011 The US dollar's short-term bullish run seems to have met resistance following the release of the US Federal Budget Balance yesterday at 19:00 GMT. The EUR/USD fell to as low as 1.4377 by mid-day on Tuesday as risk aversion in the global economy helped spur growth in both the USD and JPY. However, a report which showed the federal deficit shrinking much less than expected halted the greenback's movement and pushed the EUR/USD back towards 1.4480 by yesterday's close. AVAFX - Start trading with as little as $100.
  14. ECB Interest Rate Decision Monday, 4 Apr 2011 Expectations are running high for the ECB not to disappoint the markets with an interest rate increase at this Thursday's ECB meeting. ECB President Jean-Claude Trichet and other members of the ECB have taken huge strides to prepare markets for an increase in EU interest rates. AVAFX - Start trading with as little as $100.
  15. Dollar Strengthens While Commodities Weaken Before Housing Data Monday, 28 Mar 2011 12:41:25 GMT During the European trading session the dollar continued to book gains and commodities declined. The lone exception was the Aussie dollar which hit a new high versus the greenback. This morning's trading lacked economic data as markets were still being influenced by the weekend's events in Europe and the Middle East. AVAFX - Start trading with as little as $100.
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