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Aussie to Slide Making New Lows

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Australia
’s dollar will fall to a six-month low should it drop past a key technical level as bets the Federal Reserve will raise interest rates next year boost demand for the greenback, according to IG Group Holdings Plc.
The Aussie will probably drop to 90 U.S. cents if it closes below 92 cents for the first time since March, said Chris Weston, chief market strategist in Melbourne at IG Australia, a unit of IG Group. The currency traded below its 200-day moving average today for the first…
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EUR/USD Week Ahead Report

Hello Traders,
The Euro gained back some ground against the dollar on Friday with investors after U.S. President Barack Obama approved air strikes in Iraq. Obama said in an address that he authorized targeted strikes to protect the besieged Yazidi minority and U.S. personnel in Iraq, after the Iraqi government requested help.
Currency markets in general have been resistant to alarms over Ukraine, Gaza or Iraq, but there is growing concern that a mix of growth-sapping sanctions and potentially h…
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AUD/NZD BREAKING THRU THE CEILING (update)

This is the most recent update from my post of AUD/NZD a few weeks ago. The chart shows a strong double bottom. We will keep this chart on our radar for continued buying if the resistance area of 1.10 is broke. At the moment price is above the long term 200 moving average (red line) and the 20 moving average (blue line) looks to be pushing higher. As we all know after a resistance area is broken that same area becomes a area of support. If buying continues, the AUD/NZD might end pretty strong wi…
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Aussie Double Bottom Signal New Highs in the Horizon

Hello Traders,
We all know that making informed decisions with a solid game plan is necessary to be successful in trading. In this blog I will share my outlook and the rules I follow to make informed trades related to Forex, Commodities, and Equities. Yes, I know that Dukascopy is primarily focused on Forex but in my opinion the other markets have an huge effect on Forex as well.
So my friends I hope you enough my blog, and feel free to add a comment or friend request. All are welcome. As always…
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EUR / AUD OUTLOOK

One of the first things that most new traders learn is that currency values fluctuate based on a country’s interest rates, or more accurately, interest rate expectations.
While there are many other factors in play, a trader who can determine the path of global central bank interest rates is in a good position to predict the longer-term path of the underlying currencies. As any experienced trader knows, markets are rapidly evolving and rarely stick to a simple, straightforward narrative for long,…
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USD/ CAD Outlook

The USD/CAD closed the week at 1.0740 up a few pips from its opening at 1.07299 after it touched a high of 1.0794 as the CAD eased as gold and oil traded in the red mid-week and the US dollar climbed on strong support from Janet Yellen. Canada’s dollar gained as the nation’s consumer price index increased 2.4 percent from a year earlier, the fastest in more than two years, the government reported July 18. The data came two days after the Bank of Canada said inflation gains are temporary and that…
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