Monthly Archives: July 2013

Kiwi Reaction to the non-dovish RBNZ Statement

The Reserve Bank of New Zealand kept the overnight cash rate steady at 2.50%, a level that been firmly in place since March 2011.  The central bank also decided to confirm that the rate will be stay at these levels

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The Dollar’s Decline

The minutes from the FOMC were not hawkish and the comments from Bernanke were very dovish. The end result was a severe uppercut to the U.S. dollar’s chin. Today, the markets felt like it really was 2009 again. An easy

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A Three Drives to a Top Pattern may just be what the Indian Rupee Needs!

For the last few months, the Indian rupee has been the worst performing currency in Asia. Since the summer of 2008, the rupee has lost around 50% of its value. Times are very bleak as the Reserve Bank asks lenders

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85.00 is the line in the sand for DX

The U.S. dollar index weekly chart shows a bullish breakout since the June 19th Federal Reserve meeting.  Since then, we have seen price action breakout key Fibonacci levels from both the B to C leg (highlighted in white) and the

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U.S. Dollar Index Tests Key Resistance

The U.S. dollar index weekly chart shows a bullish breakout since the June 19th Federal Reserve meeting.  Since then, we have seen price action breakout key Fibonacci levels from both the B to C leg (highlighted in white) and the

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Summer and the U.S. Dollar are Heating Up!

Historically the Fed has always been late to act, but this December, Bernanke and company appear to be poised to begin tapering. Many may call for action to occur in September, but the Fed will have to wait on multiple

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Forex: Kiwi Coiling For A Breakout $NZDUSD

July 2, 2013 Article on Trader Planet At the end of last month, New Zealand/U.S. dollar (NZD/USD) plummeted down to key support just slightly beyond the psychological .7700 level and made a new 11-month low last Wednesday at .7682. The

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The Kiwi is Attempting to Find Key Support

At the end of last month, NZD/USD plummeted down to key support just slightly beyond the psychological .7700 level and made a new 11-month low last Wednesday at .7682. The very next day after making that low, New Zealand Governor

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The pound may be Poised for a Rally

The British pound has demonstrated significant weakness over the last two weeks of trade until today. An upbeat purchasing manager’s survey and rising mortgage approvals helped sterling hold off another collapse and possibly triggering a well-deserved substantial retracement. Price is

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