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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...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...Pound Could Falter As Risk Appetite and Interest Rate Expectations Stumble
The Pound was boosted in early trading as the consumer credit report posted an unexpected 0.2B gain versus forecasts of a 0.1B decline. However, a sharp reversal in equity markets quickly erased the GBP/USDs advance as the pair continues to be driven by risk sentiment with the relationship strengthening to 46% from 42% a week ago.
Read more...Your Source for Daily FOREX Market News and Analysis
Economic activity in Canada is forecasted to advance 0.2 percent in July after figures were unchanged the month prior. However, traders should not rule out a disappointing reading from the loonie as household spending in Canada seems to be tapering off.
Read more...UPDATE: BOE: UK Daily Forex Trading Volumes $1.747 Trillion In April
UPDATE: BOE: UK Daily Forex Trading Volumes $1.747 Trillion In April
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