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Cable Drops Through 1.6500 on Weak PMI Data

May 3, 2011 by SteveT   Comments (0)

Dollar extended its rebound rally on the second trading day of the week as poor economic data from UK and general risk aversion flows in Europe helped to send EUR/USD below 1.4800, Aussie below 1.0900 while cable fell through the key 1.6500 figure. In UK the PMI Manufacturing data missed widely off the mark, printing at 54.6 versus 57.0 eyed. The figures for March were revised lower as well.

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Sterling falls 1 pct on day vs dollar

May 3, 2011 by SteveT   Comments (0)

LONDON, May 3 (Reuters) – Sterling fell 1 percent on the dayagainst the dollar on Tuesday, extending broad losses after aweak reading of the UK manufacturing sector raised speculationthat UK interest rates …

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Euro / US Dollar – 03/05/2011 05:39 GMT

May 3, 2011 by SteveT   Comments (0)

EURUSD - Euro / US Dollar

Euro / US Dollar

Weekly Daily Hourly
Trends
Resistances 1.5 1.49 1.485
Supports 1.463 1.471 1.477
Our strategy
Entry Stop Target 1 Target 2
1.483 1.479 1.488 1.491

Forex CorrelationForex Correlation

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BHP Billiton down 0.9% in early trading

May 3, 2011 by SteveT   Comments (0)

This is a Real-time headline. These are breaking news, delivered the minute it happens, delivered ticker-tape style. Visit www.marketwatch.com or the quote page for more information about this breaking news.

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Forex: Pound plunges on weak UK manufacturing data – Forexrazor

May 3, 2011 by SteveT   Comments (0)

Forex: Pound plunges on weak UK manufacturing data
Forexrazor
High-Risk Warning Forex, Futures, and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work against you as well as for you. You must be aware of the risks of investing in forex, futures,

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forex – Google News

Forex: Pound plunges on weak UK manufacturing data – Forexrazor is a post from: The Forex Trading System Blog

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Australian shares end lower

May 3, 2011 by SteveT   Comments (0)

Australian shares ended lower on Tuesday, with the S&P/ASX 200 index closing down 0.8% at 4,784.60. Worries about earnings weighed on the share market as the Australian dollar hovered around 29-year highs, with Fairfax Media Ltd. ending the day down 8% after flagging lower second-half sales and higher costs, while Australia & New Zealand Banking Group Ltd. dropped 2.1% after it said that its profit would have been 2% higher if the Australian dollar wasn’t so strong.

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Cable testing 1.64902

May 3, 2011 by SteveT   Comments (0)

After selling off following a bad manufacturing PMI number, the GBP/USD is currently testing 1.64902 where we saw some support a week ago. Further lower we find 1.64661 and then a full retracement at 1.64333.

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US Dollar / Canadian Dollar – 03/05/2011 05:30 GMT

May 3, 2011 by SteveT   Comments (0)

USDCAD - US Dollar / Canadian Dollar

US Dollar / Canadian Dollar

Weekly Daily Hourly
Trends
Resistances 0.955 0.9515 0.95
Supports 0.94 0.9445 0.946
Our strategy
FLAT

Forex CorrelationForex Correlation

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