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Oil, Gold May Decline as Monthly US Deficit Hits Record

Posted 03-10-2010 at 11:19 AM by DailyFX

Oil and gold prices may decline amid expectations for a sharp increase in borrowing costs as the US Treasury’s monthly budget statement shows the largest monthly shortfall since records began nearly 33 years ago.

Commodities - Energy

Oil May Break Support as Monthly US Deficit Hits Record


Crude Oil (WTI) $81.25 -$0.24 -0.29%

Prices have pulled back from resistance at $82.23 to find support at a rising trend line established...
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Forex Weekly Trading Forecast - 02.15.10

Posted 02-15-2010 at 11:35 AM by DailyFX

US Dollar Outlook Depends on Federal Reserve – What Can We Expect?
Euro Weighed by Growth, Interest Rate and Financial Stability Doubts
Japanese Yen: What Happens when the Carry Tides Change?
British Pound May Rebound But Trend Bias Favors Losses
Swiss Franc Strength Could Return Following SNB Intervention
Canadian Dollar Support May Come From Rising Inflation
Australian Dollar to Succumb to Risk Trends, RBA Minutes
New Zealand Dollar Ekes Out Gains...
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British Pound Gives Back, Euro Advances on Hopes for Greece Bailout

Posted 02-09-2010 at 10:33 AM by DailyFX

The British Pound failed to hold ground during the overnight trade and weakened against the greenback for the fifth day to reach a low of 1.5566, and the currency is likely to face increased volatility over the next 24 hours of trading as the Bank of England is scheduled to release its quarterly inflation report tomorrow at 13:30 GMT.

Talking Points
• Japanese Yen: Down Across the Board
• Pound: Trade Deficit Widens as Imports Jump
• Euro: President Trichet
...
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A Dollar Rally Based on Risk Trends Alone may not Last for Long

Posted 02-05-2010 at 10:38 AM by DailyFX

It is difficult to forecast where the markets will be in a month or three months when volatility is as high as it is today. However, when measuring the quality of a trend; it is imperative to gauge the fundamentals that will carry the US dollar that far out to better ascertain the stability and duration of the incredible rally that the benchmark currency has carved out since the second half of January.

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