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Interested in building your own SSI-based strategy? Request SSI data on our forex forum . Choppy U.S. dollar price action has led to mixed Forex trading crowd sentiment, moderating our conviction in calling for further USD weakness.
Read more...Forex: EUR/GBP settles around 0.8380
FXstreet.com (Barcelona) - The Euro common currency has accelerated against other majors today, with the EUR/GBP adding nearly 50 pips since its opening price.
Read more...Currency Crosses: Technical Outlook 07-28
Longer term trends in the Yen crosses are bearish but I can't rule out near term strength just yet.
Read more...EUR/USD: Trading the Advanced U.S. 2Q GDP Report
As the worlds largest economy is expected to expand at a slower pace in the second-quarter of 2010, the advanced GDP report could spur further weakness in the U.S. dollar and lead the central bank to hold a loose policy stance throughout the second-half of the year as the outlook for future growth falters.
Read more...Your Source for Daily FOREX Market News and Analysis
The GBPUSD looks vulnerable but it is difficult to short without a point of reference to place a stop. It is best to wait for a top to form and then short a bounce.
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